Get the free 990EZ Short Form Return of Organization Exempt From lncome Tax ) Do not enter social...

990EZ Short Form Return of Organization Exempt From income Tax) Do not enter social security numbers on this form as it may be made public. ) information about Form 990EZ and its instructions is at

How to fill out 990ez short form return

How to fill out 990ez short form return:

1. Gather all necessary information: Before starting the form, make sure you have all the required information handy. This includes your organization's financial records, employment information, and any other necessary documents.
2. Download the form: Visit the Internal Revenue Service (IRS) website and download Form 990ez. This form is specifically designed for small tax-exempt organizations.
3. Provide basic organizational information: Begin by filling out basic organizational information such as the name, address, and Employer Identification Number (EIN) of your organization. Double-check this information for accuracy.
4. Enter your financial details: The next step is to provide financial information about your organization. This includes details about your revenue, expenses, assets, and liabilities. Ensure that these figures are accurate and up to date. It may be helpful to consult with an accountant or financial advisor if you are unsure about any of the numbers.
5. Answer additional questions: The form may include additional questions regarding your organization's activities, governance structure, and compliance with tax laws. Answer these questions truthfully and to the best of your knowledge. If you are unsure about any of the questions, seek assistance from a tax professional.
6. Review and double-check: Once you have completed all the required sections of Form 990ez, carefully review the form to ensure that all information is accurate and complete. Any mistakes or missing information could lead to delays or penalties.
7. File the form: After reviewing and confirming the accuracy of your form, file it with the IRS by the designated deadline. Pay attention to any specific filing instructions or requirements provided by the IRS.

Who needs 990ez short form return:

1. Non-profit organizations: The 990ez short form return is typically required for small tax-exempt organizations classified under section 501(c) of the Internal Revenue Code. These organizations include charities, religious groups, educational institutions, and other non-profit entities.
2. Organizations with specific revenue limits: The use of Form 990ez is limited to organizations with gross receipts or total assets below certain thresholds. Currently, organizations with gross receipts less than $200,000 and total assets less than $500,000 are eligible to file Form 990ez. Organizations exceeding these thresholds must file Form 990 or Form 990PF instead.
3. Exempt organizations with fiscal years ending on December 31: If your tax-exempt organization follows the calendar year as its fiscal year, you may be required to file the 990ez short form return. However, organizations with different fiscal year-ends may have different filing requirements.

It is essential to consult the IRS guidelines or seek professional advice to determine whether your organization needs to file the 990ez short form return or another variant of Form 990.

For pdfFiller’s FAQs

What is 990ez short form return?

The 990ez short form return is a simplified version of the 990 form for tax-exempt organizations with gross receipts less than $200,000 and total assets less than $500,000.

Who is required to file 990ez short form return?

Tax-exempt organizations with gross receipts less than $200,000 and total assets less than $500,000 are required to file the 990ez short form return.

How to fill out 990ez short form return?

The 990ez short form return can be filled out online using the IRS's e-filing system, or it can be completed manually and mailed to the IRS.

What is the purpose of 990ez short form return?

The purpose of the 990ez short form return is to provide the IRS and the public with financial information about tax-exempt organizations with lower levels of income and assets.

What information must be reported on 990ez short form return?

The 990ez short form return requires information about the organization's revenue, expenses, assets, liabilities, and activities.

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