Last updated on Apr 19, 2016
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What is Form 990-EZ
The Form 990-EZ 2013 is a tax document used by tax-exempt organizations to report their financial information to the IRS.
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Comprehensive Guide to Form 990-EZ
Understanding Form 990-EZ 2013
The Form 990-EZ 2013 serves an essential purpose for tax-exempt organizations in the United States. It allows these organizations to report their financial information accurately to the Internal Revenue Service (IRS). As a simplified alternative to the longer Form 990, it caters to smaller entities with financial thresholds of $200,000 in gross receipts and $500,000 in total assets. This simplified structure makes compliance easier for qualifying organizations while ensuring transparency in their financial activities.
Who Needs Form 990-EZ 2013?
Form 990-EZ is required for tax-exempt organizations that meet specific criteria based on size and revenue. Eligible entities include smaller nonprofits and charities that do not exceed the previously mentioned financial thresholds. Larger organizations, which are required to file the full Form 990, do not qualify to use Form 990-EZ. Understanding these requirements is crucial for compliance and maintaining tax-exempt status.
Key Features of Form 990-EZ 2013
The Form 990-EZ encompasses critical sections that provide a comprehensive overview of an organization's financials. Key features include:
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Revenue and expenses reporting
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Detailed balance sheet requirements
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Statement of program accomplishments
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Signature requirement by an authorized representative
Each of these sections plays a vital role in illustrating the organization's financial health and activities.
Instructions for Filling Out Form 990-EZ 2013
To ensure accurate completion of Form 990-EZ, follow this step-by-step process:
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Gather necessary information, including the employer identification number and organization details.
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Carefully fill out fields, ensuring to update any address changes.
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Review common errors to avoid, such as incorrect financial figures and misreporting statuses.
Taking the time to review the form thoroughly can prevent costly mistakes and ensure compliance with tax regulations.
Filing Requirements for Form 990-EZ 2013
Timely submission of Form 990-EZ is critical. Here are some filing requirements to consider:
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File the form by the deadline specified by the IRS to avoid penalties.
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Choose between e-filing and paper submission methods based on your preference.
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Be aware of potential fees involved with submission and any possible waivers available.
Understanding these requirements helps organizations stay compliant while managing their reporting responsibilities effectively.
What Happens After You Submit Form 990-EZ 2013?
Upon submission, organizations should confirm that their Form 990-EZ has been received. This confirmation may involve:
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Receiving a confirmation email or notification from the IRS
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Utilizing online tracking options for submitted forms
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Understanding the process for amending the form if errors are detected after submission
Being informed about the post-filing process ensures that organizations can monitor their submissions and make necessary corrections promptly.
Security and Compliance in Handling Form 990-EZ 2013
When dealing with Form 990-EZ, security and compliance become paramount. Consider the following:
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Utilize platforms like pdfFiller, which offer encryption and compliance with laws such as HIPAA and GDPR.
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Maintain proper record retention as required for tax-exempt organizations.
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Safeguard sensitive information to prevent unauthorized access during form handling.
Implementing robust security measures is essential for protecting your organization’s sensitive data.
Utilizing pdfFiller for Form 990-EZ 2013
pdfFiller provides an effective solution for completing Form 990-EZ efficiently. Benefits include:
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User-friendly PDF editing and eSigning capabilities
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Auto-save features that prevent data loss
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Easy sharing options for collaboration
This platform not only enhances ease of use but also ensures organizations have reliable support throughout the filing process.
Access a Sample Form 990-EZ 2013
To assist in understanding how to complete Form 990-EZ, users can access a sample or completed form for reference. This visual aid can help highlight:
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Critical sections of the form
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Highlighting areas that may require special attention
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Applying the sample format to their own submissions
Using samples effectively can clarify the requirements and help streamline the completion process.
Next Steps for Filing Form 990-EZ 2013
Organizations should prioritize timely and accurate filing of Form 990-EZ to maintain compliance. Users are encouraged to begin the filing process using pdfFiller, which simplifies many aspects of form completion. Additionally, consider reaching out for further resources or customer support for assistance in navigating the filing process.
How to fill out the Form 990-EZ
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1.Start by accessing the Form 990-EZ 2013 on pdfFiller. Use the search bar or navigate through the tax forms section to locate the correct form.
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2.Once opened, familiarize yourself with the layout of the form. Look at the sections that include revenue, expenses, and organization details.
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3.Before you begin filling out the form, gather necessary financial documents. This includes previous tax returns, bank statements, and information about your organization's revenues, expenses, and assets.
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4.Using pdfFiller’s interactive interface, click on each field to fill in specific information. Enter your organization's name, EIN, and contact details in the designated spaces.
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5.Continue filling out the form according to the section instructions provided. Use the text boxes for data entry and checkboxes as appropriate.
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6.Once you have filled in all required fields, take advantage of pdfFiller’s review tools. Check for any fields marked as mandatory to ensure completeness.
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7.After reviewing your entries, save your progress. You can choose to download the filled form directly or submit it electronically depending on your preferences.
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8.If applicable, make sure to sign the form electronically using pdfFiller’s signature function prior to final submission.
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9.Finally, export the completed form as a PDF or other formats supported by pdfFiller, and ensure you have a backup copy for your records.
Who is eligible to file Form 990-EZ?
Only tax-exempt organizations with gross receipts of $200,000 or less and total assets under $500,000 may file Form 990-EZ. Organizations meeting these criteria typically include smaller non-profits and charities.
What is the deadline for submitting Form 990-EZ?
Form 990-EZ is due on the 15th day of the 5th month after the end of your organization’s fiscal year. For organizations following a calendar year, this means the deadline is usually May 15.
How can I submit Form 990-EZ?
You can submit Form 990-EZ electronically through the IRS e-file system or mail a paper form to the appropriate address based on your organization’s location. Ensure to check the IRS website for specific submission guidelines.
What supporting documents are required with Form 990-EZ?
Supporting documents may include financial statements, a list of your organization's board members, and any other relevant financial disclosures. Review specific requirements based on IRS guidelines.
What common mistakes should I avoid when filing Form 990-EZ?
Avoid incomplete fields, especially those marked mandatory. Ensure all financial figures are accurate and check that your organization’s EIN is correctly entered to prevent processing delays.
How long does it take for the IRS to process Form 990-EZ?
Processing times can vary, but generally, it may take the IRS several weeks to complete the review. It's advisable to file early to avoid potential late penalties.
What happens if I miss the Form 990-EZ deadline?
If you miss the deadline, your organization may face late filing penalties. It’s recommended to submit your form as soon as possible to minimize any penalties and maintain your tax-exempt status.
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