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Form OMB No. 1545-0047 990 Return of Organization Exempt From Income Tax 07 Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)
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What is 1545-0047 990 return of?
The 1545-0047 990 return is the form used by tax-exempt organizations to report their financial information to the Internal Revenue Service (IRS).
Who is required to file 1545-0047 990 return of?
Nonprofit organizations, charitable organizations, and certain other tax-exempt organizations are required to file the 1545-0047 990 return.
How to fill out 1545-0047 990 return of?
To fill out the 1545-0047 990 return, organizations need to provide information about their income, expenses, activities, governance, and other relevant details. The form should be completed accurately and in accordance with the IRS instructions.
What is the purpose of 1545-0047 990 return of?
The purpose of the 1545-0047 990 return is to ensure transparency and accountability of tax-exempt organizations. It allows the IRS and the public to evaluate an organization's finances, activities, and compliance with tax laws.
What information must be reported on 1545-0047 990 return of?
The 1545-0047 990 return requires organizations to report their financial data, such as revenue, expenses, assets, and liabilities. It also requires information about the organization's activities, governance, compensation of key employees, and transactions with interested persons.
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