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R For, 990EZ i Department of the Treasury Internal Revenue Service 46 Short Form Return of Organization Exempt From Income Tax For the 2007 calendar year, or tax year beginning B Check if applicable

How to fill out for 990-ezi - foundation

How to fill out Form 990-EZ for a foundation:

1. Gather all necessary information: Before starting to fill out Form 990-EZ, make sure you have all the required information and documents handy. This includes the foundation's name, address, and employer identification number (EIN), as well as details about the foundation's activities and financials.
2. Review the form's instructions: Familiarize yourself with the instructions provided by the Internal Revenue Service (IRS) for Form 990-EZ. These instructions will guide you through the specific sections and questions on the form, ensuring you accurately complete it.
3. Fill out the organizational information: Begin by providing basic information about the foundation, such as its name, address, and contact details. Include the foundation's EIN and indicate its accounting method (cash or accrual).
4. Provide details about the foundation's activities: In this section, you will be asked to describe the foundation's mission or purpose. You may also need to provide details about the foundation's grants, scholarships, and other activities. Be specific and provide accurate information.
5. Report revenue and expenses: Here, you will need to provide information on the foundation's revenue and expenses during the tax year. This includes contributions received, investment income, and any other sources of revenue. You will also need to report the foundation's expenses, such as grants given, administrative costs, and other expenditures.
6. Complete the balance sheet and other financial statements: This section requires you to provide the foundation's assets, liabilities, and fund balances at the beginning and end of the tax year. You may also need to include additional financial statements or disclosures, depending on the foundation's size and activities.
7. Answer additional questions and sign the form: The final sections of Form 990-EZ may include additional questions about the foundation's activities, governance, and compliance with IRS regulations. Answer these questions truthfully and accurately. Finally, sign and date the form to certify its completeness and accuracy.

Who needs to file Form 990-EZ for a foundation?

Any tax-exempt organization classified as a private foundation and having gross receipts less than $200,000 and total assets less than $500,000 at the end of the tax year may be eligible to file Form 990-EZ. However, it is important to review the IRS guidelines and consult a tax professional to determine the specific filing requirements for your foundation.

Please note that this answer is for informational purposes only and does not constitute legal or financial advice. It is always recommended to consult with a qualified professional for accurate guidance on tax-related matters.

For pdfFiller’s FAQs

What is for 990-ezi - foundation?

The Form 990-EZ is a shorter version of the Form 990 and is designed for small to medium-sized tax-exempt organizations with gross receipts less than $200,000 and total assets less than $500,000.

Who is required to file for 990-ezi - foundation?

Small to medium-sized tax-exempt organizations with gross receipts less than $200,000 and total assets less than $500,000 are required to file Form 990-EZ.

How to fill out for 990-ezi - foundation?

Form 990-EZ can be filled out online or by mail following the instructions provided by the IRS. Organizations must provide information about their finances, activities, and governance.

What is the purpose of for 990-ezi - foundation?

The purpose of Form 990-EZ is to provide the IRS and the public with financial information about small to medium-sized tax-exempt organizations, including how they are funded and how they operate.

What information must be reported on for 990-ezi - foundation?

Information such as revenue, expenses, assets, liabilities, program activities, and governance must be reported on Form 990-EZ.

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