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Form 990 OMB No. 1545-0047 Return of Organization Exempt From Income Tax 2012 Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)

How to fill out irs form 990

How to fill out IRS Form 990:

1. Gather necessary information: Before you begin filling out Form 990, make sure you have all the required information at hand. This can include details about your organization's finances, activities, governance, and any other relevant information.
2. Understand the instructions: Carefully read and understand the instructions provided by the IRS for Form 990. These instructions will guide you through each section of the form and provide valuable explanations on how to accurately complete it.
3. Provide basic information: Start by filling out the basic information section of Form 990, which includes details such as the organization's name, address, EIN (Employer Identification Number), and accounting method.
4. Describe your organization's activities: In section 1, you need to describe your organization's mission, activities, and accomplishments throughout the tax year. Be specific and provide enough detail to give a comprehensive overview of your organization's work.
5. Report financial information: In section 2, you will report your organization's finances, including revenue, expenses, assets, and liabilities. Provide accurate and complete information, ensuring all schedules and attachments required by the IRS are included.
6. Detail your organization's governance: Section 3 requires you to provide information about your organization's governance, including the composition of the board of directors or trustees, potential conflicts of interest, and policies related to compensation and record retention.
7. Answer specific questions: In sections 4-12, you will find a series of questions that vary depending on the nature of your organization. These questions may inquire about your organization's public support, scholarships provided, foreign activities, political campaign involvement, and more. Answer each question accurately based on your organization's activities and consult the instructions if needed.
8. Complete additional schedules: Depending on the size and activities of your organization, additional schedules may be required to provide additional details or explanations. Make sure to complete these schedules accurately and attach them to Form 990.
9. Review and double-check: Once you have completed the form, review it thoroughly for accuracy and completeness. Double-check all the information provided, calculations, and attachments. It's recommended to have someone else review the form as well to ensure everything is in order.
10. File the form: After completing Form 990, you can file it electronically using the IRS' e-file system or mail it to the appropriate IRS address. Be sure to retain a copy for your records.

Who needs IRS Form 990?

IRS Form 990 is typically required to be filed by tax-exempt organizations recognized under section 501(c)(3) of the Internal Revenue Code, including charitable, religious, educational, and other nonprofit organizations. This form provides the IRS and the public with important financial and operational information about these organizations. Additionally, certain organizations such as hospitals, political organizations, and private foundations may also be required to file specific variations of Form 990 or related forms. It is essential to consult the IRS guidelines and instructions to determine whether your organization needs to file Form 990 or an alternative form.

For pdfFiller’s FAQs

What is irs form 990?

IRS Form 990 is a form used by tax-exempt organizations to provide the IRS with financial information.

Who is required to file irs form 990?

Most tax-exempt organizations are required to file IRS Form 990, including charities, churches, and other nonprofit organizations.

How to fill out irs form 990?

IRS Form 990 can be filled out electronically or on paper and requires details about the organization's finances, activities, and governance.

What is the purpose of irs form 990?

The purpose of IRS Form 990 is to provide transparency and accountability for tax-exempt organizations and their donors.

What information must be reported on irs form 990?

Information that must be reported on IRS Form 990 includes financial data, executive compensation, and details about the organization's activities.

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