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File GRAPHIC print — DO NOT PROCESS Form As Filed Data — DAN: 93493282013614 OMB No 1545-0047 Return of Organization Exempt From Income Tax 990 Department of the Treasury Internal Revenue Service

How to fill out 990 return oforganization exemptfromincometax

How to fill out 990 return of organization exempt from income tax:

1. Gather all necessary financial information: Before filling out the 990 return, gather all relevant financial documents such as income and expense statements, balance sheets, and any other documentation related to the organization's financial activities.
2. Provide basic information about the organization: Begin by entering basic information about the organization, including its name, address, EIN (Employer Identification Number), and the tax year for which the return is being filed.
3. Complete Part I - Summary: This section requires information about the organization's mission, activities, and revenue sources. Provide a brief description of the organization's exempt purpose and list the primary activities it engaged in during the tax year.
4. Fill out Part II - Signature Block and Reconciliation of Revenue per Audited Financial Statements with Revenue per Return: In this section, the authorized person from the organization must sign and date the return. Additionally, reconcile the revenue figures reported in the audited financial statements with the revenue reported on the return.
5. Complete the remaining parts: Depending on the organization's activities and financial situation, there may be additional sections to complete, such as Part III - Statement of Program Service Accomplishments, Part IV - Checklist of Required Schedules, and Part V - Statements Regarding Other IRS Filings and Tax Compliance.
6. File the return: After completing the 990 return, ensure that all necessary schedules and attachments are included, if applicable. Review the return for accuracy and sign where required. File the return electronically using the IRS's e-file system or mail it to the appropriate IRS address.

Who needs 990 return of organization exempt from income tax?

1. Nonprofit organizations: Nonprofit organizations that have been granted tax-exempt status under section 501(c)(3) of the Internal Revenue Code are generally required to file Form 990. This includes charitable, educational, religious, and scientific organizations, as well as certain other types of nonprofit entities.
2. Organizations with gross receipts above a certain threshold: In general, organizations with annual gross receipts greater than or equal to $50,000 are required to file a Form 990. However, small organizations with gross receipts less than $200,000 and total assets less than $500,000 may be eligible to file a simplified version, such as Form 990-EZ or Form 990-N (e-postcard).
3. Private foundations: Private foundations, regardless of their level of gross receipts, are required to file Form 990-PF, which is specifically designed for these types of organizations.

Note: It is important to consult with a tax professional or the IRS instructions for Form 990 to ensure compliance with the specific requirements and guidelines related to filing this return.

For pdfFiller’s FAQs

What is 990 return of organization exempt from income tax?

The 990 return is a form filed by tax-exempt organizations to provide the IRS with information on their finances, activities, and governance.

Who is required to file 990 return of organization exempt from income tax?

Organizations exempt from income tax under section 501(c) of the Internal Revenue Code are required to file the 990 return.

How to fill out 990 return of organization exempt from income tax?

The 990 return can be filled out online or by mail using the official form provided by the IRS, following the instructions carefully.

What is the purpose of 990 return of organization exempt from income tax?

The purpose of the 990 return is to ensure transparency and accountability for tax-exempt organizations by providing information to the public and the IRS.

What information must be reported on 990 return of organization exempt from income tax?

The 990 return requires information on the organization's finances, activities, governance, and compliance with tax-exempt status requirements.

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