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Form 990 EZ Department of the Treasury Internal Revenue Service Short Form Return of Organization Exempt From Income Tax Under section 501 (c) 527 or 4947(a)(1) of the Internal Revenue Code (except

How to fill out short form 990

How to fill out short form 990:

1. Obtain the necessary forms: The short form 990, also known as Form 990-EZ, can be obtained from the Internal Revenue Service (IRS) website or by contacting the IRS directly.
2. Review the instructions: Before starting to fill out the form, carefully read through the provided instructions. This will help ensure that you understand the requirements and can accurately complete the form.
3. Provide basic organization information: Start by entering the organization's name, address, and Employer Identification Number (EIN) at the top of the form. Fill out any additional required information related to the organization's structure and activities.
4. Report revenue and expenses: In the applicable sections of the form, accurately report the organization's revenue, including contributions, grants, program service revenue, and any other sources of income. Similarly, report the organization's expenses, such as compensation, office expenses, and program expenses.
5. Disclose any significant changes: If there have been any significant changes in the organization's activities or governance, ensure that these are properly disclosed in the provided section of the form.
6. Complete the required schedules: Depending on the organization's activities, there may be additional schedules that need to be completed and attached to the form. These schedules provide more detailed information about specific aspects of the organization's operations.
7. Review and sign the form: Before submitting the completed form, review it carefully to ensure accuracy and completeness. Once satisfied, sign the form and include the date of completion.
8. Retain a copy for your records: Make a copy of the completed form and all supporting documents for your organization's records. These may be required for future reference or in case of an IRS audit.

Who needs short form 990?

1. Nonprofit organizations: Nonprofit organizations that have gross receipts less than $200,000 and total assets less than $500,000 are generally eligible to file the short form 990.
2. Charitable trusts and foundations: Private foundations and charitable trusts can also use the short form 990 if they meet the gross receipts and total assets thresholds mentioned above.
3. Organizations with specific exemptions: Certain organizations, such as churches, religious organizations, and governmental units, may be exempt from filing a Form 990 altogether or may have specific exemptions that allow them to use the short form.
4. Organizations transitioning from the long form: Organizations that previously filed the long form 990 but no longer meet the filing thresholds can choose to use the short form instead.

Note: It is important to consult with a tax professional or refer to the IRS guidelines to determine if your organization qualifies to use the short form 990.

For pdfFiller’s FAQs

What is short form 990?

Short form 990 is a simplified version of Form 990, which is used by tax-exempt organizations to report their financial information to the IRS.

Who is required to file short form 990?

Organizations with gross receipts under $200,000 and total assets under $500,000 are eligible to file short form 990.

How to fill out short form 990?

Short form 990 can be filled out online through the IRS website or by using tax preparation software.

What is the purpose of short form 990?

The purpose of short form 990 is for tax-exempt organizations to report their financial information to the IRS and provide transparency to donors and the public.

What information must be reported on short form 990?

Short form 990 requires organizations to report their revenue, expenses, assets, liabilities, and other financial information.

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