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Short Form Return of Organization Exempt From Income Tax OMB No. 1545-1150 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 form 990-ez short form

How to fill out form 990-ez short form:

1. Begin by gathering all the necessary information and documents needed to complete the form, such as the organization's financial records, details about its activities, and any relevant schedules or attachments.
2. Start with the basic information section, including the organization's name, address, and Employer Identification Number (EIN). Fill in any other requested details about the organization's structure and contacts.
3. Proceed to Part I, where you will be asked to provide a brief description of the organization's mission or most significant accomplishments during the tax year. Make sure to accurately describe the organization's activities and their alignment with its tax-exempt purpose.
4. In Part II, report the organization's revenue and expenses. Fill in the appropriate amounts, ensuring that they match the financial records provided. Include details about any unrelated business income, if applicable.
5. Complete Part III, which focuses on the organization's balance sheet. Provide the necessary information about the organization's assets, liabilities, and net assets or fund balances.
6. Move on to Part IV, where you will declare specific details regarding the organization's program service accomplishments. Describe the organization's activities, any grants or scholarships awarded, and other key achievements related to its exempt purpose.
7. In Part V, you will need to disclose information about the organization's compensation of officers, directors, trustees, key employees, and highest compensated employees. Provide the required details for each individual, including their name, position, and compensation figures.
8. If the organization meets certain criteria, Part VI may require reporting of governance, management, and disclosure practices. Review the instructions and provide the requested information, if applicable.
9. Complete any necessary schedules or attachments as required by the form instructions. These may include a statement of program service accomplishments, a summary of direct and indirect political campaign activities, or details about joint ventures, among others.
10. Finally, review the entire form for accuracy and completeness. Ensure that all sections have been filled out correctly and that the form is signed and dated by an authorized individual. Keep a copy of the completed form for your records.

Who needs form 990-ez short form:

1. Nonprofit organizations with gross receipts less than $200,000 and total assets less than $500,000 at the end of the tax year can use Form 990-EZ instead of the longer Form 990.
2. Organizations that are eligible to file Form 990-N (e-Postcard) but choose to provide additional information can also use Form 990-EZ.
3. However, certain types of organizations, such as private foundations and Section 509(a)(3) supporting organizations, are not eligible to use Form 990-EZ and must file the full Form 990.

Note: The above information should be used as a general guide and may vary depending on specific circumstances and regulations. It is always advisable to consult with a tax professional or refer to the official instructions provided by the Internal Revenue Service (IRS) when filling out tax forms.

For pdfFiller’s FAQs

What is form 990-ez short form?

Form 990-EZ is a simplified version of Form 990, which is used by tax-exempt organizations to provide the IRS with information on their finances and activities.

Who is required to file form 990-ez short form?

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

How to fill out form 990-ez short form?

The organization must provide details on its finances, activities, governance, and compliance with tax laws. Specific instructions for filling out Form 990-EZ can be found on the IRS website.

What is the purpose of form 990-ez short form?

The purpose of Form 990-EZ is to allow smaller tax-exempt organizations to report their finances and activities to the IRS without the complexity of the full Form 990.

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

Information such as revenue, expenses, assets, liabilities, program service accomplishments, and governance details must be reported on Form 990-EZ.

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