Get the free Form 990 Group Return Authorization - Georgia Society of CPAs - gscpa

Form 990 Group Return Authorization The Society files Form 990 as a group for the chapters. Each year an officer of the chapter must sign Form 990 giving authorization for processing the tax return

How to fill out form 990 group return

How to fill out form 990 group return:

1. Begin by gathering all necessary information and documents, such as the organization's financial statements, revenue and expense records, and any other relevant financial information.
2. Provide accurate and up-to-date information about the organization's activities, including its mission, programs, and accomplishments during the tax year.
3. Complete Part I of the form, which includes basic information about the organization, such as its name, address, and employer identification number (EIN).
4. In Part II, provide details about the organization's governing body, officers, and key employees, including their names, titles, and compensation.
5. Proceed to Part III, where you will report information about the organization's statement of program service accomplishments, including the number of individuals served and the expenses associated with each program.
6. Fill out Part IV, which requires the organization to disclose any significant changes or events that occurred during the tax year, such as mergers, acquisitions, or significant fundraising activities.
7. Complete Part V, which asks for information about the organization's revenue, expenses, and net assets. This section also includes questions about the organization's fundraising activities and compensation practices.
8. Part VI pertains to governance, management, and disclosure policies. Provide details about the organization's conflict of interest policy, whistleblower policy, and public inspection requirements.
9. Finally, review the form to ensure accuracy and completeness before submitting it to the Internal Revenue Service (IRS).

Who needs form 990 group return:

1. Nonprofit organizations classified as a group return must file Form 990-GROUP if they meet specific criteria. In general, a group return is required when separate organizations that are affiliated or related under common control join together to file a consolidated return.
2. Organizations that qualify as a group must have separate tax-exempt status but choose to file as a single entity for administrative convenience.
3. Examples of organizations that may need to file Form 990-GROUP include parent-child relationships, subsidiary organizations, or chapters/affiliates of a larger organization that operate under the same group exemption letter.

Remember to consult with a tax professional or refer to the IRS instructions for Form 990-GROUP to ensure compliance with all the requirements and regulations.

For pdfFiller’s FAQs

What is form 990 group return?

Form 990 group return is a tax document that must be filed by a group of organizations affiliated with each other, such as parent and subsidiary organizations.

Who is required to file form 990 group return?

A group of affiliated organizations must file form 990 group return if their total gross receipts exceed $200,000 or their total assets exceed $500,000.

How to fill out form 990 group return?

To fill out form 990 group return, you need to provide information about the affiliated organizations, financial data, program activities, governance, and other required details. This form should be filed electronically.

What is the purpose of form 990 group return?

The purpose of form 990 group return is to provide the Internal Revenue Service (IRS) and the public with information about the activities, finances, and governance of affiliated organizations.

What information must be reported on form 990 group return?

Form 990 group return requires reporting information about the affiliated organizations' finances, program activities, key personnel, governance, and compliance with tax regulations.

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