IRS 990 - Schedule O 2012 free printable template

OMB No. 1545-0047 Cat. No. 51056K Schedule O Form 990 or 990-EZ 2012 Page General Instructions Section references are to the Internal Revenue Code unless otherwise noted. Future developments. SCHEDULE O Form 990 or 990-EZ Department of the Treasury Internal Revenue Service Supplemental Information to Form 990 or 990-EZ Complete to provide information for responses to specific questions on Attach to Form 990 or 990-EZ. Open to Public Inspection Employer identification number Name of the...organization For Paperwork Reduction Act Notice see the Instructions for Form 990 or 990-EZ. For the latest information about developments related to legislation enacted after the schedule and its instructions were published go to www*irs*gov/form990. Purpose of Schedule An organization should use Schedule O attachments to provide the IRS with narrative information required for responses to specific questions on Form 990 or 990-EZ and to explain the various questions. It allows organizations to...supplement information reported on Do not use Schedule O to supplement responses to questions in other schedules of the Form 990 or 990-EZ. Each of the other schedules includes a separate part for Who Must File minimum the schedule must be used to answer Form 990 Part VI lines 11b and 19. If or 990-EZ but chooses to do so it must file a complete return and provide all of the information requested including the required schedules. Specific Instructions Use as many continuation sheets of needed*...Complete the required information on the appropriate line of Form 990 or 990-EZ prior to using Schedule O Form 990 or 990-EZ. Identify clearly the specific part and line s of Form 990 or 990-EZ to which each response relates. Follow the part and line sequence of Form 990 or 990-EZ. Late return* If the return is not filed by the due date including any extension granted attach a separate statement giving the reasons for not filing on time. Do not use this schedule to provide the latefiling...statement. Amended return* If the organization checked the Amended return box on Form 990 Heading item B or Form 990-EZ Heading item B use Schedule O Form 990 or 990-EZ to list each part or schedule and line item of the Form 990 or 990-EZ that was amended* Group return* If the organization answered Yes to Form 990 line H a but No to line H b use a separate attachment to list the name address and EIN of each affiliated organization included in the group return* Do not use this schedule. See the...Instructions for Form 990 I. Group Return* for services including the type and amount of each expense included in line 11g if the amount in Part IX line 11g exceeds 10 of the amount in Part IX line 25 total functional expenses. Form 990 Parts III V VI VII IX XI and XII. Use Schedule O Form 990 or 990-EZ to provide any narrative information required for the following questions in the Form 990. 6. Explanation for Part IX Statement of Functional Expenses line 24e all other expenses including the...type and amount of each expense included in line 24e if the amount on line 24e exceeds 10 of the amount in Part IX line 25 total functional expenses.

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How to fill out IRS 990 - Schedule O

Instructions and Help about IRS 990 - Schedule O

How to edit IRS 990 - Schedule O

Use pdfFiller to edit the IRS 990 - Schedule O form efficiently. The platform allows users to update information, correct errors, and ensure compliance. To edit, simply upload your form into pdfFiller, click on the text fields you wish to modify, and make the necessary changes. Once completed, save your changes for submission.

How to fill out IRS 990 - Schedule O

Filling out the IRS 990 - Schedule O requires careful attention to detail. Follow these steps:

1. Gather all necessary financial documents related to the organization.
2. Access the form either through the IRS website or pdfFiller.
3. Fill in the organization’s name, Employer Identification Number (EIN), and address at the top of the form.
4. Provide detailed narratives that explain the organization's mission, accomplishments, and any changes that occurred during the reporting period.
5. Review the completed form for accuracy before filing.

About IRS 990 - Schedule O 2012 previous version

What is IRS 990 - Schedule O?

What is the purpose of this form?

Who needs the form?

When am I exempt from filling out this form?

Components of the form

What are the penalties for not issuing the form?

What information do you need when you file the form?

Is the form accompanied by other forms?

Where do I send the form?

About IRS 990 - Schedule O 2012 previous version

What is IRS 990 - Schedule O?

IRS 990 - Schedule O is a supplemental form used by tax-exempt organizations to provide additional narrative information that complements their annual return, Form 990. This form is critical in offering clarity on various aspects of the organization's operations and ensuring transparency to stakeholders.

What is the purpose of this form?

The primary purpose of the IRS 990 - Schedule O is to furnish the IRS and the public with detailed descriptions of an organization's activities, objectives, and governance. It helps to highlight the organization's mission and significant changes during the reporting period, ensuring stakeholders understand the organization's impact and operations.

Who needs the form?

Organizations that are required to file Form 990 must also complete Schedule O. This includes most tax-exempt organizations, such as charities, educational institutions, and other nonprofits. Any organization seeking tax-exempt status may also need to submit this supplemental form as part of their application.

When am I exempt from filling out this form?

Organizations are exempt from filling out IRS 990 - Schedule O if they fall under certain categories, such as small tax-exempt organizations with gross receipts under $200,000 or assets under $500,000, which instead file a simpler form (Form 990-N). Additionally, private foundations and other specific types of entities may have separate filing requirements.

Components of the form

The IRS 990 - Schedule O mainly consists of narrative sections where organizations detail their missions, activities, and any significant developments. Sections may specifically request information about relevant programs, governance changes, and challenges faced. Each component aims to enhance the transparency and accountability of the organization.

What are the penalties for not issuing the form?

Failure to file the IRS 990 - Schedule O can result in significant penalties. The IRS may impose fines based on the organization's gross receipts, and continued non-compliance can lead to loss of tax-exempt status. It is crucial for organizations to meet their filing obligations to avoid these ramifications.

What information do you need when you file the form?

When filing the IRS 990 - Schedule O, organizations need to gather essential information including their EIN, prior year’s Form 990, financial records, narratives describing program activities, and information on key staff and board members. Ensuring this information is accurate and thorough is vital for compliance and transparency.

Is the form accompanied by other forms?

Yes, IRS 990 - Schedule O is generally submitted alongside Form 990, which is the primary return for tax-exempt organizations. Depending on the organization's specific circumstances, there may be additional forms or schedules that accompany these filings, which may provide further insights into financial activities and governance.

Where do I send the form?

The IRS 990 - Schedule O should be filed with the IRS at the address specified in the form's instructions. For electronic filers, submitting via e-file is recommended as it ensures secure, efficient handling of the documentation. Organizations should always verify the current instructions for any address changes before filing.

FAQ about IRS 990 - Schedule O

What should I do if I realize I've made a mistake after submitting IRS 990 - Schedule O?

If you've submitted IRS 990 - Schedule O and discover an error, you can file an amended return. Follow the IRS guidelines on how to submit corrections to ensure proper processing. It's important to make these adjustments promptly to maintain compliance.

How can I track the status of my submitted IRS 990 - Schedule O?

To verify the processing and receipt of your IRS 990 - Schedule O submission, you can use the IRS e-file tracking system. This tool helps you check whether your form has been received and provides updates if there are any issues, such as rejection codes.

What are common errors on IRS 990 - Schedule O that I should watch out for?

Common errors on IRS 990 - Schedule O often include incorrect information about amendments, misclassified items in financial reporting, or inaccuracies in organizational details. To avoid these mistakes, double-check all entries and ensure they align with your primary IRS 990 form.

How do I respond to a notice or audit from the IRS regarding my IRS 990 - Schedule O?

If you receive a notice or audit related to IRS 990 - Schedule O, it's crucial to respond promptly. Prepare the necessary documentation requested in the notice and consult with a tax professional for guidance on formulating your response effectively.

What are the technical requirements for e-filing IRS 990 - Schedule O?

When e-filing IRS 990 - Schedule O, ensure your software meets the IRS specifications and is compatible with the latest browser versions. Check the technical requirements on the IRS website to ensure a smooth e-filing process without any hiccups.