Get the free I 990EZ Short Form Return of Organization Exempt From Income Tax OMB No

I 990EZ Short Form Return of Organization Exempt From Income Tax OMB No. 15451150 Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations) 2013 Do not enter

How to fill out i 990ez short form

How to fill out i 990ez short form:

1. Gather all necessary information: Before starting to fill out the form, make sure you have all the required information at hand. This includes details about your organization's finances, activities, and any other relevant documentation.
2. Begin with basic details: Start by entering the basic information about your organization, such as its name, address, and employer identification number (EIN). Double-check this information to ensure accuracy.
3. Report gross receipts: Provide accurate information about your organization's gross receipts for the tax year. This includes donations, grants, and any other sources of income your organization received during that period.
4. Report total assets: Indicate the total value of your organization's assets at the end of the tax year. This may include cash, investments, properties, and other tangible or intangible assets.
5. Answer specific questions: The i 990ez short form includes a series of Yes/No questions that you need to answer. Carefully read each question and mark the appropriate response. If necessary, provide additional explanations or details as requested.
6. Provide additional information: If there are any sections that require further details or explanations, make sure to provide accurate and comprehensive information. This may include information about any changes in your organization's activities, policies, or governance structure.
7. Complete the required schedules: Depending on your organization's activities, you may need to complete certain schedules that are relevant to your operations. These schedules will help provide additional information and context about your organization's financial status and activities.
8. Review and double-check: Before submitting the form, review all the provided information for accuracy and completeness. Make sure you haven't skipped any required sections or left any fields blank. Double-check all calculations to ensure they are correct.

Who needs i 990ez short form?

1. Nonprofit organizations: The i 990ez short form is primarily required for nonprofit organizations, including charities, religious organizations, and certain types of tax-exempt organizations. These organizations must file this form annually to report their financial information to the Internal Revenue Service (IRS).
2. Organizations with lower gross receipts: The i 990ez short form is specifically designed for organizations with gross receipts of less than $200,000 and total assets less than $500,000. If your organization meets these criteria, you can use this form instead of the more complex i 990 long form.
3. Organizatiosn eligible for streamlined reporting: The i 990ez short form is part of the streamlined reporting system offered by the IRS. It allows eligible organizations to provide key financial information in a simplified manner, making the reporting process easier and less burdensome for smaller organizations.

Remember, it is always important to consult a tax professional or refer to the IRS instructions for the specific details and requirements related to filling out i 990ez short form.

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What is i 990ez short form?

The IRS Form 990-EZ is a short version of the Form 990 and is used by smaller tax-exempt organizations.

Who is required to file i 990ez short form?

Nonprofit organizations with gross receipts less than $200,000 and total assets less than $500,000 are eligible to file the Form 990-EZ.

How to fill out i 990ez short form?

The Form 990-EZ can be filled out electronically or by hand following the instructions provided by the IRS. It requires information about the organization's finances, activities, and governance.

What is the purpose of i 990ez short form?

The purpose of the Form 990-EZ is to provide the IRS and the public with financial information about a tax-exempt organization and to ensure compliance with tax laws.

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

The Form 990-EZ requires information about the organization's income, expenses, assets, liabilities, activities, and governance structure.