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Form 990 OMB No. 15450047 Return of Organization Exempt From Income Tax 2013 Under section 501×c), 527, or 4947×a)(1) of the Internal Revenue Code (except private foundations) Open to Publicly Do

How to fill out return of organization exempt

How to fill out the return of organization exempt:

1. Obtain the necessary forms: The return of organization exempt is typically filed using Form 990, Form 990-EZ, or Form 990-N (e-Postcard). Determine which form is applicable to your organization based on its annual gross receipts and other factors.
2. Gather supporting documentation: Collect all the required financial information, including income and expenses, assets and liabilities, and any other relevant data. Ensure you have accurate records and supporting documents to complete the form correctly.
3. Provide basic information: Fill in the organization's name, address, Employer Identification Number (EIN), tax year, and any other requested identification details on the form.
4. Report financial information: Use the appropriate sections of the chosen form to report the organization's revenue, expenses, assets, liabilities, and net assets. Understand the specific instructions for each line item and enter the corresponding amounts accurately.
5. Provide explanations, if necessary: If certain transactions or financial aspects require further clarification, use the provided space on the form or attach additional schedules to explain and provide any necessary details.
6. Complete any required schedules: Depending on the chosen form and the organization's activities, additional schedules may be required. Examples include Schedule A (Public Charity Status and Public Support), Schedule B (Schedule of Contributors), or Schedule O (Supplemental Information). Fill out these schedules accurately and attach them to the relevant form.
7. Review and sign the form: Carefully review the completed form, checking for any errors or missing information. Sign the form and ensure that it is signed by an authorized individual within the organization, such as the president or treasurer.
8. Retain a copy and submit the form: Make a copy of the completed form and all accompanying documents for your records. Submit the form and any required schedules to the Internal Revenue Service (IRS) according to their specified instructions, which may include mailing or electronic filing.

Who needs the return of organization exempt?

1. Nonprofit organizations: Nonprofit organizations, such as charitable, religious, scientific, educational, and social welfare organizations, need to file a return of organization exempt to maintain their tax-exempt status.
2. Organizations with annual gross receipts above the threshold: Depending on their annual gross receipts, nonprofits must choose the appropriate form to file. Form 990 is generally used by organizations with gross receipts exceeding $200,000, while Form 990-EZ is applicable for those with gross receipts less than $200,000 but greater than $50,000. Organizations with gross receipts less than $50,000 can utilize Form 990-N (e-Postcard).
3. Newly formed organizations: Newly formed tax-exempt organizations are required to file a return of organization exempt for the first time to establish their tax-exempt status with the IRS.
4. Existing tax-exempt organizations: Tax-exempt organizations must annually file a return of organization exempt to report their financial information and maintain compliance with IRS regulations.

Please note that it is advisable to consult with a tax professional or legal expert to ensure accurate and timely filing of the return of organization exempt, as specific circumstances may vary.

For pdfFiller’s FAQs

What is return of organization exempt?

The return of organization exempt is a form that tax-exempt organizations must file with the IRS to maintain their tax-exempt status.

Who is required to file return of organization exempt?

Nonprofit organizations that are recognized by the IRS as tax-exempt must file a return of organization exempt.

How to fill out return of organization exempt?

The return of organization exempt can be filled out electronically using Form 990 series or by paper using Form 990-EZ or Form 990-N.

What is the purpose of return of organization exempt?

The purpose of the return of organization exempt is to provide the IRS with information about the organization's activities, finances, and compliance with tax-exempt requirements.

What information must be reported on return of organization exempt?

The return of organization exempt requires information about the organization's income, expenses, assets, liabilities, programs, and governance.

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