Get the free Short Form Form 990EZ 1 OMB No 15451150 Return of Organization Exempt From Income Ta...

Short Form 990EZ 1 OMB No 15451150 Return of Organization Exempt From Income Tax 20014 Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations) Do not enter

How to fill out short form form 990ez

How to fill out short form Form 990EZ:

1. Gather the necessary information: Before starting the form, ensure you have all the required information handy. This may include details about your organization's finances, activities, employees, and any other necessary documentation.
2. Understand the form's purpose: The Form 990EZ is used by tax-exempt organizations with gross receipts between $50,000 and $200,000, and total assets less than $500,000. Familiarize yourself with the form's purpose and ensure you qualify to use it.
3. Provide basic information: Begin by filling out the basic details such as the organization's name, address, EIN (Employer Identification Number), and tax year. Double-check that the details provided are accurate.
4. Complete Part I: In Part I, provide an overview of the organization's mission, accomplishments, and activities during the tax year. Concisely describe the programs and services offered and any changes made since the previous filing.
5. Complete Part II: Part II requires you to provide a summary of the organization's revenue, expenses, and net assets or fund balances. This includes details about contributions, program service revenue, grants, and other sources of income. Make sure to classify your revenue and expenses accurately.
6. Complete Part III: Part III focuses on the organization's statement of program service accomplishments. Outline the various categories of activities conducted and describe the accomplishments achieved during the tax year. Be clear, concise, and provide specific examples where possible.
7. Complete Parts IV-VI: These sections cover additional information about your organization's governance, including board members and other key individuals. Provide their names, addresses, and details about their roles within the organization.
8. Complete Part VII-VIII: Part VII asks for additional information about compensation, including salaries and benefits of officers, directors, and key employees. Part VIII covers details about revenue, expenses, assets, and liabilities specific to the organization's non-profit hospital facilities.
9. Review and submit: Take the time to review the completed form for accuracy and completeness. Ensure all required sections are filled out correctly. Once you are satisfied, sign and submit the form to the IRS as per their instructions.

Who needs short form Form 990EZ:

1. Non-profit organizations with gross receipts between $50,000 and $200,000: The short form Form 990EZ is specifically designed for tax-exempt organizations falling within this revenue range. If your organization's gross annual receipts fall within these limits, you are likely required to file this form.
2. Organizations with total assets less than $500,000: In addition to the revenue range mentioned above, the organization's total assets must also be less than $500,000 for eligibility to use the short form Form 990EZ. If your organization's assets exceed this limit, you may need to file a different version of Form 990.
3. Organizations seeking tax-exempt status: Non-profit organizations applying for tax-exempt status with gross receipts less than $200,000 and total assets less than $500,000 may also need to fill out the short form Form 990EZ. This form is commonly used during the application process to demonstrate an organization's financial standing and purpose.

It is important to consult the specific guidelines and requirements provided by the IRS or seek professional advice to ensure accurate completion of Form 990EZ.

For pdfFiller’s FAQs

What is short form form 990ez?

Short form form 990ez is a simplified version of Form 990 which is used by certain small tax-exempt organizations to report their financial information to the IRS.

Who is required to file short form form 990ez?

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

How to fill out short form form 990ez?

Short form form 990ez can be filled out online using the IRS e-file system or by filling out a paper form and mailing it to the IRS.

What is the purpose of short form form 990ez?

The purpose of short form form 990ez is to provide the IRS with financial information about small tax-exempt organizations to ensure they are operating in compliance with tax laws.

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

Information such as revenue, expenses, assets, liabilities, and program activities must be reported on short form form 990ez.

How do I execute short form form 990ez online?

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