Get the free 2008 FORM 990 - irs

A guidance document explaining the reporting requirements for foreign activities on Form 990, including how to complete Schedule F for the 2008 tax year.

How to fill out 2008 form 990

How to fill out 2008 FORM 990

1. Gather all necessary financial documents including income statements, balance sheets, and expense reports.
2. Ensure you have the organization's Employer Identification Number (EIN) available.
3. Start with Part I, providing basic information about the organization including name, address, and mission.
4. Complete Part II by detailing the organization's revenue, including contributions, program service revenue, and investment income.
5. Fill out Part III which outlines the organization's functional expenses, categorized into program services, management, and fundraising.
6. Move on to Part IV and answer the Yes/No questions regarding governance and compliance.
7. In Part V, provide additional information about the organization’s governance practices.
8. Complete the Schedule A, if necessary, which provides information about the organization's public charity status.
9. Review and sign the form—ensure an authorized person from the organization signs and dates the form.
10. Submit the completed Form 990 to the IRS by the due date, typically May 15th, 2009 for the 2008 Form 990.

Who needs 2008 FORM 990?

1. Non-profit organizations with gross receipts of $200,000 or more and/or total assets of $500,000 or more are required to file the 2008 Form 990.
2. Charitable organizations that wish to keep their tax-exempt status must also file Form 990.
3. Organizations that receive federal funding or grants may also be required to file this form.

People Also Ask about

Can I file a 990 N instead of 990 EZ?

Organizations that are eligible to file Form 990-N can choose to file 990-EZ voluntarily. However, 990-EZ filers cannot choose to file 990-N instead. Form 990-N: The organization must have the following basic information available to file Form 990-N.

Who fills out Form 990 EZ?

The 990 EZ Form is for small- to medium-sized organizations that have gross receipts of less than $200,000 and less than $500,000 in total assets at the end of the year. This includes: Tax-exempt organizations.

Can you switch from 990 to 990 EZ?

Because of the great differences between Forms 990 and 990-EZ, TaxSlayer Pro cannot change one to the other. If you have created one and wish to or need to switch to the other, you will need to delete the return and restart it using the correct form.

Does my nonprofit need to file a 990?

Form 990, Return of Organization Exempt From Income Tax An organization must file Form 990, if it is: An organization with either: ► gross receipts of $200,000 or more, or ► total assets of $500,000 or more. A sponsoring organization of one or more donor-advised funds.

Should I file Form 990 or 990 EZ?

Only those organizations with gross receipts of less than $200,000 and total assets of less than $500,000 at the end of the tax year can use Form 990-EZ. If the organization doesn't meet these requirements, it must file Form 990, unless excepted under General Instruction B, earlier.

What is the difference between a 990 and a 990-EZ?

Form 990-EZ, the IRS form required for midsized tax-exempt organizations with annual gross receipts between $50,000 and $200,000. Form 990, the IRS form required for larger tax-exempt organizations with annual gross receipts over $200,000 or total assets over $500,000.

Where can I download Form 990?

The 990 is a public document that you can search for on the websites for the Secretary of State or the Attorney General where the organization is incorporated. In addition, 990s are available from a variety of open source and subscription sources. You may also request them from an organization or from the IRS.

What are the different types of 990 forms?

Annual information returns include Form 990, Form 990-EZ and Form 990-PF. Form 990-N (e-Postcard) is an annual notice. Form 990 is the IRS' primary tool for gathering information about tax-exempt organizations, educating organizations about tax law requirements and promoting compliance.

For pdfFiller’s FAQs

What is 2008 FORM 990?

The 2008 FORM 990 is an annual information return that most tax-exempt organizations in the United States must file with the IRS. It provides a comprehensive overview of an organization's financial activities, governance, and compliance with federal tax regulations.

Who is required to file 2008 FORM 990?

Organizations that are recognized as tax-exempt under Section 501(c) of the Internal Revenue Code, including charities and foundations, are generally required to file FORM 990 if their gross receipts exceed certain thresholds.

How to fill out 2008 FORM 990?

To fill out the 2008 FORM 990, organizations must collect financial data, including revenue, expenses, and assets. They should follow the instructions provided by the IRS for FORM 990, which includes detailed guidelines on how to complete each section. It's advisable to consult with a tax professional or use suitable software to ensure accuracy.

What is the purpose of 2008 FORM 990?

The purpose of the 2008 FORM 990 is to provide transparency and accountability of tax-exempt organizations to the IRS and the public. It helps ensure compliance with tax laws and allows stakeholders to assess the financial health and operational activities of the organizations.

What information must be reported on 2008 FORM 990?

FORM 990 requires organizations to report various information including revenue, expenses, functional expenses, balance sheet data, governance structure, compensation of key employees, and a breakdown of program services and other activities.