Get the free Form 990EZ Short Form Return of Organization Exempt From Income Tax OMB N o

Form 990EZ Short Form Return of Organization Exempt From Income Tax OMB N o. 1 5451150 20014 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

Who needs form 990ez short form?

1. Nonprofit organizations: Form 990ez short form is specifically designed for small nonprofit organizations with total assets less than $50,000 and gross receipts less than $200,000 in a given tax year. These organizations are eligible to file this simplified version of Form 990, which helps them save time and effort in fulfilling their tax reporting requirements.
2. Nonprofit organizations with certain types of income: If a nonprofit organization earns income unrelated to its tax-exempt purpose, it may be required to file Form 990 or Form 990ez. However, if the organization's unrelated business income is $1,000 or less, it can choose to file the short form 990ez instead.
3. Nonprofit organizations that meet specific criteria: In addition to the financial thresholds mentioned earlier, there are certain other criteria that determine whether a nonprofit organization can file Form 990ez. For example, it must be organized as a corporation, trust, or unincorporated association, and should not be a private foundation.

How to fill out form 990ez short form:

1. Gather necessary information: Before starting to fill out form 990ez, make sure you have all the required information at hand. This includes your organization's basic details such as name, address, Employer Identification Number (EIN), and other identification numbers if applicable.
2. Complete Part I: Part I of form 990ez asks for general information about your organization, such as its mission statement, primary activities, and whether it has adopted specific policies and procedures. Answer these questions accurately and concisely.
3. Provide financial data in Part II: Part II focuses on your organization's financial information. You will need to report the total revenue, expenses, and net assets for the tax year in question. Be sure to follow the instructions provided and fill in the relevant figures accurately.
4. Answer relevant questions in Part III: Part III of form 990ez asks specific questions related to your organization's activities, governance, and compliance. Provide the necessary details and check the appropriate boxes based on your organization's circumstances.
5. Review and sign the form: Once you have completed all the sections, review the form for any errors or omission. Make sure all the information is accurate and up to date. Then, sign and date the form as required.
6. Attach any necessary schedules: Depending on your organization's activities and financial situation, you may need to attach additional schedules or supporting documentation. Review the instructions provided with the form to determine if any attachments are required.
7. Submit the form: Once you have filled out form 990ez and attached any necessary schedules, you can submit it to the Internal Revenue Service (IRS). Be sure to keep a copy for your records.

Remember, it's always a good idea to consult with a tax professional or seek guidance from the IRS if you have any doubts or questions while filling out form 990ez short form.

For pdfFiller’s FAQs

What is form 990ez short form?

Form 990EZ is a shortened version of Form 990 and is used by small tax-exempt organizations to report their financial information to the IRS.

Who is required to file form 990ez short form?

Certain tax-exempt organizations with gross receipts of less than $200,000 and total assets of less than $500,000 are required to file Form 990EZ.

How to fill out form 990ez short form?

Form 990EZ can be filled out electronically or by hand, and requires reporting of basic financial information such as revenue, expenses, assets, and liabilities.

What is the purpose of form 990ez short form?

The purpose of Form 990EZ is to provide the IRS and the public with information about a tax-exempt organization's finances and activities.

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

Form 990EZ requires reporting of revenue, expenses, assets, liabilities, program service accomplishments, and other pertinent financial information.

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