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

Form 990EZ Short Form Return of Organization Exempt From Income Tax OMB No 15451150 2014 Under section 501(c), 527, or 4947 (a)(1) of the Internal Revenue Code (except private foundations) Do not

How to fill out form 990ez short form

How to Fill Out Form 990EZ Short Form:

1. Gather all necessary information: Before filling out Form 990EZ, make sure you have all the required information at hand. This includes your organization's name, address, EIN (Employer Identification Number), fiscal year period, financial data, and details about your activities and expenses.
2. Review the instructions: Familiarize yourself with the IRS instructions for Form 990EZ. These instructions will provide you with step-by-step guidance on how to complete the form accurately. It's essential to understand the requirements and any specific reporting rules that may apply to your organization.
3. Complete Part I: In Part I of Form 990EZ, provide general information about your organization, such as its name, address, and EIN. Also, indicate the fiscal year period for which you are filing the form.
4. Fill out Part II: In Part II, report your organization's revenue and support. This section requires you to detail your gross receipts, contributions, program service revenue, and other sources of income. Be sure to follow the instructions carefully and provide accurate figures.
5. Complete Parts III-VII: Parts III to VII of Form 990EZ cover various aspects of your organization's activities and expenses. These sections involve reporting on your program service accomplishments, specific types of expenses, compensation of key employees, and other relevant information. Again, carefully review the instructions for each part and provide accurate details.
6. Prepare necessary schedules: Depending on your organization's activities, you may need to attach additional schedules to Form 990EZ. These schedules provide further details on specific areas, such as fundraising activities, lobbying expenditures, or foreign activities. Follow the instructions to determine if any schedules are required and complete them accordingly.
7. Review and sign: Once you have completed all the necessary sections and attached any required schedules, carefully review the form for any errors or omissions. Make sure all the information provided is accurate and consistent. Finally, sign the form as the authorized representative of your organization.

Who Needs Form 990EZ Short Form:

1. Nonprofit organizations with gross receipts less than $200,000 and total assets less than $500,000 at the end of the fiscal year may be eligible to use Form 990EZ. This form is intended for small to mid-sized nonprofits that do not meet the requirements for Form 990, which is typically used by larger organizations.
2. Certain tax-exempt organizations, such as Section 501(c)(3) organizations, must file an annual information return with the IRS, regardless of their income or asset levels. Form 990EZ serves as the filing option for eligible organizations falling within the specified thresholds.
3. It's important to note that some organizations may not be eligible to use Form 990EZ, even if they meet the income and asset criteria. For example, private foundations are generally not allowed to use this form and must file Form 990-PF instead.

In summary, Form 990EZ is used by qualifying tax-exempt organizations to report their financial information to the IRS. By following the provided instructions and ensuring accuracy, organizations can effectively complete the form and meet their reporting obligations.

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