Get the free IRS Form 990-T - Sacramento Region Community Foundation - sacregcf

Exempt Organization Business Income Tax Return O-T Form OMB No. 1545-0687 (and proxy tax under section 6033(e)) For calendar year 2011 or other tax year beginning i 2011, and Department of the Treasury

How to fill out irs form 990-t

How to fill out IRS Form 990-T:

Gather all necessary information and documentation:

1. Obtain a copy of the current version of IRS Form 990-T from the official website of the Internal Revenue Service (IRS).
2. Collect all relevant financial records, such as income and expense statements, investment income details, and details of unrelated business activities, if applicable.

Provide basic organization information:

Start by filling out the basic organization information at the top of the form, including the name, address, and Employer Identification Number (EIN) of the organization.

Report unrelated business income:

1. If the organization has any unrelated business income, it must be reported on the form.
2. Enter the details of the income, including the source and amount in the appropriate sections of the form.

Calculate and report the tax liability:

1. Use the provided worksheets and instructions to calculate the tax liability on the unrelated business income.
2. Enter the calculated tax amount in the appropriate section of the form.

Include additional schedules if necessary:

1. If the organization has more complex unrelated business activities or other specific circumstances, additional schedules may be required.
2. Follow the instructions on the form to determine if any additional schedules need to be completed and attached.

Sign and date the form:

1. Make sure to sign and date the completed form before submitting it to the IRS.
2. If the organization's return is prepared by someone other than the taxpayer, the paid preparer section should also be filled out.

Who needs IRS Form 990-T:

1. Non-profit organizations that have unrelated business income exceeding $1,000 during the tax year are required to file IRS Form 990-T.
2. This form is filed by organizations exempt from income tax under section 501(a) of the Internal Revenue Code, including charitable, educational, and religious organizations, among others.
3. It is important to consult the IRS instructions or a tax professional to determine if the organization is subject to filing Form 990-T based on its specific circumstances.

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