Get the free Schedule C (Form 990 or 990-EZ)

This document provides detailed instructions for completing Schedule C, which is utilized by certain tax-exempt organizations to report political campaign and lobbying activities. It outlines who

How to fill out schedule c form 990

How to fill out Schedule C (Form 990 or 990-EZ)

1. Gather your financial records for the year including income and expenses.
2. Obtain a copy of Schedule C (Form 990 or 990-EZ) from the IRS website.
3. Fill out the organization's name, address, and Employer Identification Number (EIN) at the top of the form.
4. Report total revenues and expenses for the year in the respective sections.
5. Complete depreciation and property expense sections if applicable.
6. Review any additional instructions specific to Schedule C for reporting requirements.
7. Sign and date the form before submission.

Who needs Schedule C (Form 990 or 990-EZ)?

1. Nonprofit organizations that are required to file Form 990 or 990-EZ.
2. Organizations that have unrelated business income that exceeds $1,000 per year.
3. Entities looking to report their activities to maintain compliance with IRS regulations.

People Also Ask about

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.

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.

Who fills out the IRS Form 990?

Tax-exempt organizations, nonexempt charitable trusts, and section 527 political organizations file Form 990 to provide the IRS with the information required by section 6033.

Who prepares Form 990?

Hire a Nonprofit Tax Professional to File Form 990 For You Chances are, you wouldn't attempt to work on your modern, computer-controlled car if you're not a certified mechanic. The same logic applies here. Trust a professional to prepare Form 990 for your nonprofit.

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?

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.

Who can fill out 990-EZ?

Form 990-EZ requirements Most tax-exempt organizations with gross receipts less than $200,000 and total assets at the end of the year less than $500,000 can file Form 990-EZ instead of Form 990. Exceptions to this include: Sponsoring organizations of donor advised funds.

What is a Schedule C Form 990 EZ?

What is IRS Form 990 Schedule C? Form 990 Schedule C, political campaign activities or lobbying activities, is used by certain nonprofit organizations filing Form 990 or 990-EZ to report additional information about their political campaign activities or lobbying activities to the IRS.

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.

What is Schedule A Form 990 or 990 EZ?

Schedule A (Form 990) is used by an organization that files Form 990, Return of Organization Exempt From Income Tax, or Form 990-EZ, Short Form Return of Organization Exempt From Income Tax, to provide the required information about public charity status and public support.

For pdfFiller’s FAQs

What is Schedule C (Form 990 or 990-EZ)?

Schedule C (Form 990 or 990-EZ) is a form used by tax-exempt organizations to provide information about their lobbying activities and to disclose whether the organization has engaged in political campaign activities.

Who is required to file Schedule C (Form 990 or 990-EZ)?

Organizations that are required to file Form 990 or 990-EZ and that have engaged in lobbying or political campaign activities must file Schedule C.

How to fill out Schedule C (Form 990 or 990-EZ)?

To fill out Schedule C, organizations need to provide details on their lobbying efforts, expenditures, and political campaign activities, as well as complete all required sections of the form based on the activities they conducted.

What is the purpose of Schedule C (Form 990 or 990-EZ)?

The purpose of Schedule C is to ensure transparency regarding an organization's lobbying and political activities, enabling the IRS and the public to understand the extent of these activities.

What information must be reported on Schedule C (Form 990 or 990-EZ)?

Organizations must report lobbying expenses, the amount spent on lobbying activities, and disclose any political campaign expenditures, as well as provide details on the methods used for lobbying.