Last updated on Apr 18, 2016
Get the free Form 990 2013 Tax Return
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What is Form 990
The Form 990 2013 Tax Return is a federal tax document used by tax-exempt organizations to report financial activities to the IRS.
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Comprehensive Guide to Form 990
What is the Form Tax Return?
The Form 990 serves an essential function for tax-exempt organizations by reporting their financial activities to the IRS. It requires tax-exempt organizations to comprehensively document their mission, program services, revenue, and expenses, establishing transparency required for compliance. This form plays a critical role in ensuring that these organizations meet their legal obligations and maintain their tax-exempt status.
Understanding the Form 990 is important for any charity or nonprofit. It not only represents a formal reporting obligation but also contributes to the public's trust by showcasing how funds are utilized within the organization.
Purpose and Benefits of the Form Tax Return
Filing the Form 990 is crucial for nonprofits and charities, providing transparency and accountability. These benefits foster trust among donors and funding sources, which are vital for ongoing support. Additionally, the Form 990 helps organizations adhere to legal requirements, preventing potential consequences from the IRS.
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Enhances organizational accountability and transparency.
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Potentially increases funding opportunities through donor trust.
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Ensures legal compliance with IRS regulations.
Who Needs to File the Form Tax Return?
Various types of organizations are required to file the Form 990, particularly those classified as charitable organizations. However, exemptions exist depending on income thresholds and other criteria. Organizations with fiscal or public benefit status may also need to consider specific requirements related to their tax filings.
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Charitable organizations typically must file the Form 990.
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Exceptions apply based on income levels.
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Fiscal or public benefit entities may have different filing obligations.
How to Complete the Form Tax Return Online (Step-by-Step)
Completing the Form 990 online requires careful attention to detail. Follow these steps to ensure accurate submission:
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Gather necessary financial documents, including statements and previous tax returns.
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Access the electronic form through an IRS-approved platform.
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Fill in each section accurately, ensuring all financial data reflects the organization’s current status.
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Include the officer's signature in the designated section to validate the submission.
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Review the completed form against IRS guidelines before submitting.
Common Errors When Filling Out the Form Tax Return
Many organizations encounter frequent pitfalls when filling out their Form 990, which can lead to potential issues with the IRS. Common errors include submitting incorrect financial data or failing to include required signatures. To avoid these mistakes, validating your information before submission and comparing the form against IRS guidelines is crucial.
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Incorrect financial information can lead to penalties.
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Missing signatures can delay approval.
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Reviewing against IRS guidelines is paramount for accuracy.
When and How to Submit the Form Tax Return
Timely submission of the Form 990 is critical to avoid penalties. Organizations must stay aware of the deadlines for filing and the various methods available for submission, such as online or through traditional mail. After submitting, tracking confirmation can help ensure that the submission was successfully received by the IRS.
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Submission deadlines must be closely monitored.
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Both online and mail submission options are available.
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Confirmation tracking provides peace of mind post-submission.
Security Measures for Handling the Form Tax Return
Protecting sensitive information when submitting the Form 990 is a priority. Solutions like pdfFiller implement robust security measures, including 256-bit encryption, to safeguard documents. Compliance with regulations such as HIPAA and GDPR adds an extra layer of trust for organizations handling these forms.
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256-bit encryption ensures data security.
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Compliance with HIPAA and GDPR protects sensitive information.
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Maintain strict security protocols during the filing process.
Using pdfFiller to Complete the Form Tax Return
PdfFiller enhances the process of filling out Form 990 through its user-friendly features. Users can edit, eSign, and share documents seamlessly, simplifying compliance. The platform's focus on security further ensures a safe environment for managing sensitive tax documents.
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Editing and eSigning capabilities streamline the workflow.
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Secure document management enhances compliance efforts.
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User-friendly interface promotes ease of use.
Sample or Example of a Completed Form Tax Return
Providing a visual example of a completed Form 990 can be incredibly helpful. Understanding what a filled-out form looks like is essential for organizations preparing their submissions. Annotated explanations of key fields can guide users in accurately completing their forms.
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A filled-out Form 990 serves as a practical reference.
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Annotation helps clarify key sections and fields.
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Real-life scenarios demonstrate the form's practical uses for organizations.
Next Steps After Submitting the Form Tax Return
After submitting the Form 990, organizations should know what to expect. This includes IRS processing times, potential follow-up requests for additional information, and record-keeping practices that are critical for future reference and compliance.
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IRS processing times vary, so patience is necessary.
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Keep track of submission status and respond promptly to any requests.
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Implement recommended record-keeping practices for future filings.
How to fill out the Form 990
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1.To access the Form 990 2013 Tax Return on pdfFiller, visit their website and log in or create an account if you do not have one.
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2.Use the search bar to find the Form 990 for 2013 and select the appropriate document from the results.
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3.Once open, navigate through the form using your mouse or keyboard. Click on each field to enter the required information.
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4.Before you start filling in the form, gather all necessary financial documents and organizational details such as income statements, expense reports, and governance structure.
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5.Fill in each section of the form carefully, ensuring that you provide accurate figures for revenue, expenses, and governance. Each area will guide you on the required data.
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6.After completing the entries, review all entered information for accuracy and completeness. Check for any calculations or required fields that might be incomplete.
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7.Once you've verified that everything is correct, save your work. You can choose to download the document as a PDF or submit it electronically depending on your needs.
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8.Finally, follow the prompts to either submit your completed form to the IRS directly, or download it for mailing. Ensure that you keep a copy for your records.
Who needs to file the Form 990?
Tax-exempt organizations, including charitable organizations and nonprofits, must file Form 990 annually to report their financial activities to the IRS.
What are the deadlines for submitting Form 990?
Form 990 is typically due on the 15th day of the 5th month after the end of your organization's fiscal year. Extensions may be filed if more time is needed.
How can I submit the completed Form 990?
You can submit Form 990 electronically through authorized e-filing services or print and mail it directly to the IRS, depending on your preference and compliance requirements.
What supporting documents do I need with my Form 990?
Alongside Form 990, supporting documents such as income statements, expense reports, and organizational bylaws may be required for accurate reporting and IRS compliance.
What common mistakes should I avoid when filling out Form 990?
Common mistakes include failing to complete all required fields, inaccurate financial reporting, and missing signature validations. Always double-check before submitting.
How long does it take to process the Form 990?
Processing times for Form 990 submissions can vary, but it typically takes the IRS several weeks to process your return and provide confirmation.
Is there a fee to file Form 990?
There are usually no filing fees for Form 990; however, certain e-filing services may charge a processing fee for their assistance.
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