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This document provides detailed instructions for completing Form 990 and Form 990-EZ, which are used by tax-exempt organizations to provide the IRS with the information required by section 6033. It

How to fill out form 990 and form

How to fill out Form 990 and Form 990-EZ Instructions

1. Gather necessary information about your organization, including financial statements, activities, and governing documents.
2. Download the Form 990 or Form 990-EZ from the IRS website.
3. Begin filling out the form by providing the organization's basic information, including name, address, and EIN (Employer Identification Number).
4. Complete the financial sections, including revenue, expenses, and specific program information.
5. Fill out any applicable schedules that correspond to your organization's activities and financial situation.
6. Review all entries for accuracy and completeness before submitting.
7. Sign and date the form, acknowledging that the information is correct to the best of your knowledge.
8. Submit the completed form electronically or via mail to the appropriate IRS address.

Who needs Form 990 and Form 990-EZ Instructions?

1. Nonprofit organizations with gross receipts of $200,000 or more or total assets of $500,000 or more must file Form 990.
2. Smaller nonprofit organizations with gross receipts less than $200,000 and total assets less than $500,000 may file Form 990-EZ.
3. Certain tax-exempt organizations are required to file Form 990 or Form 990-EZ to maintain their tax-exempt status.

People Also Ask about

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.

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 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.

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.

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 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.

What is the difference between Form 990 and Form 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.

For pdfFiller’s FAQs

What is Form 990 and Form 990-EZ Instructions?

Form 990 is an annual information return that most tax-exempt organizations must file with the IRS to provide details about their financial activities, governance, and compliance with tax regulations. Form 990-EZ is a streamlined version of Form 990 designed for smaller organizations with less complex financials.

Who is required to file Form 990 and Form 990-EZ Instructions?

Tax-exempt organizations exempt under Section 501(c)(3) and other types of 501(c) organizations with gross receipts over $200,000 or total assets over $500,000 are generally required to file Form 990. Smaller organizations with gross receipts under these thresholds may file Form 990-EZ instead.

How to fill out Form 990 and Form 990-EZ Instructions?

Organizations can fill out Form 990 or Form 990-EZ by following the instructions provided by the IRS, which involve detailing their financial statements, governance structures, and activities. The forms can be completed electronically using tax software or by hand using paper forms.

What is the purpose of Form 990 and Form 990-EZ Instructions?

The purpose of Form 990 and Form 990-EZ is to provide transparency and accountability for tax-exempt organizations, ensuring they comply with federal tax laws and regulations. It helps the IRS and the public understand the organization's financial position, activities, and governance.

What information must be reported on Form 990 and Form 990-EZ Instructions?

Information required includes the organization's mission, a summary of its activities, financial statements showing revenue and expenses, details on compensation for key personnel, and information on governance and compliance with applicable laws.