Get the free Form 990 (Schedule R-1) (Rev. 2009) - irs

SCHEDULE R-1 (Form 990) Department of the Treasury Internal Revenue Service OMB No. 1545-0047 Continuation Sheet for Schedule R (Form 990) Attach to Form 990 to list additional information for Schedule

How to fill out form 990 schedule r-1

How to fill out form 990 schedule r-1:

1. Gather all necessary information and documentation related to the organization's related organizations and certain transactions.
2. Start by providing basic information about the organization, such as its name, address, EIN, and the tax year being reported.

Proceed to Part I: Transactions With Related Organizations:

1. Report any transactions or relationships with related organizations, including grants or assistance provided, loans, leases, and any other transfers of assets or financial arrangements.
2. Provide detailed explanations for each transaction or relationship mentioned, including the purpose, terms, and conditions of the transaction.

Move on to Part II: Identification of Related Organizations:

1. Identify each related organization that is part of the reporting organization's schedule.
2. For each related organization, provide their legal name, EIN, relationship to the reporting organization, and a brief description of their activities.
3. Indicate the type of relationship the reporting organization has with each related organization mentioned in Part II, such as parent, subsidiary, or joint venture.
4. Provide additional details if any transactions with related organizations were conducted under unusual circumstances.

Next, complete Part IV: Explanation of Compensation Arrangements or Rent:

1. Disclose any compensation arrangement or rental agreement with related organizations and its key individuals.
2. Include a detailed description of the arrangement, compensation amounts, and the basis for determining these amounts.

Complete Part V: Explanation of Other Transactions:

1. Report any other transactions or relationships not previously mentioned that the reporting organization had with related organizations.
2. Provide comprehensive explanations for these transactions, including the nature of the transaction, purpose, and any compensation involved.

Who needs form 990 schedule r-1:

1. Organizations that are required to file Form 990, Return of Organization Exempt from Income Tax, must also file Form 990 Schedule R-1 if they have any transactions or relationships with related organizations.
2. A related organization can include subsidiaries, affiliates, parent organizations, or joint ventures that share a certain level of control or financial interest with the reporting organization.
3. Filing Form 990 Schedule R-1 provides the IRS with detailed information about these transactions and relationships to ensure transparency and compliance with tax regulations.

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What is form 990 schedule r-1?

Form 990 Schedule R-1 is used by organizations to provide additional information on related organizations that are controlled by or controlling the filing organization.

Who is required to file form 990 schedule r-1?

Organizations that meet certain criteria and have transactions or dealings with related organizations are required to file Form 990 Schedule R-1.

How to fill out form 990 schedule r-1?

To fill out Form 990 Schedule R-1, organizations must provide detailed information about each related organization, including its name, relationship, and financial information.

What is the purpose of form 990 schedule r-1?

The purpose of Form 990 Schedule R-1 is to increase transparency and provide the IRS with information about the relationships and financial transactions between the filing organization and its related organizations.

What information must be reported on form 990 schedule r-1?

On Form 990 Schedule R-1, organizations must report the names, relationships, and financial transactions with related organizations, such as grants, loans, leases, and contracts.