IRS 990 - Schedule J 2016 free printable template

4958-6 c For Paperwork Reduction Act Notice see the Instructions for Form 990. Cat. No. 50053T Schedule J Form 990 2016 Page Officers Directors Trustees Key Employees and Highest Compensated Employees. SCHEDULE J Form 990 Department of the Treasury Internal Revenue Service Name of the organization Part I Compensation Information OMB No* 1545-0047 For certain Officers Directors Trustees Key Employees and Highest Compensated Employees Complete if the organization answered Yes on Form 990 Part IV...line 23. Attach to Form 990. Information about Schedule J Form 990 and its instructions is at www*irs*gov/form990. Open to Public Inspection Employer identification number Questions Regarding Compensation Yes 1a Check the appropriate box es if the organization provided any of the following to or for a person listed on Form 990 Part VII Section A line 1a* Complete Part III to provide any relevant information regarding these items. First-class or charter travel Travel for companions Tax...indemnification and gross-up payments Discretionary spending account Housing allowance or residence for personal use Payments for business use of personal residence Health or social club dues or initiation fees Personal services such as maid chauffeur chef b If any of the boxes on line 1a are checked did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above If No complete Part III to explain. Did the organization require...substantiation prior to reimbursing or allowing expenses incurred by all directors trustees and officers including the CEO/Executive Director regarding the items checked on line 1a. No 1b Indicate which if any of the following the filing organization used to establish the compensation of the organization s CEO/Executive Director. Check all that apply. Do not check any boxes for methods used by a related organization to establish compensation of the CEO/Executive Director but explain in Part III....Compensation committee Independent compensation consultant Form 990 of other organizations Written employment contract Compensation survey or study Approval by the board or compensation committee During the year did any person listed on Form 990 Part VII Section A line 1a with respect to the filing organization or a related organization a Receive a severance payment or change-of-control payment. b Participate in or receive payment from a supplemental nonqualified retirement plan. If Yes to any...of lines 4a c list the persons and provide the applicable amounts for each item in Part III. 4a 4b 4c Only section 501 c 3 501 c 4 and 501 c 29 organizations must complete lines 5 9. For persons listed on Form 990 Part VII Section A line 1a did the organization pay or accrue any a The organization. b Any related organization. If Yes on line 5a or 5b describe in Part III. 5a 5b 6a 6b payments not described on lines 5 and 6 If Yes describe in Part III. Were any amounts reported on Form 990 Part...VII paid or accrued pursuant to a contract that was subject to the initial contract exception described in Regulations section 53.

FAQ about IRS 990 - Schedule J

What should I do if I made a mistake on my 2016 form 990 schedule?

If you discover a mistake on your 2016 form 990 schedule after submission, you can file an amended form to correct the error. Clearly indicate the changes made and ensure all necessary documentation is included. It's important to submit this as soon as possible to maintain compliance and avoid penalties.

How can I verify the processing status of my 2016 form 990 schedule?

To verify the processing status of your 2016 form 990 schedule, you can use the IRS online tracking tool, or contact the IRS directly. Common e-file rejection codes may also help identify issues with your submission that need addressing.

Are there specific record retention requirements for the 2016 form 990 schedule?

The IRS recommends that you retain a copy of your 2016 form 990 schedule and supporting documentation for at least three years after the due date. This retention is important for any potential audits or inquiries regarding your filing.

What should I prepare if I receive an audit notice related to my 2016 form 990 schedule?

If you receive an audit notice, gather all supporting documents for your 2016 form 990 schedule, including financial statements and correspondence. It's advisable to review the form for accuracy and consult with a tax professional to ensure a thorough response to the IRS.

What are common errors to avoid when filing the 2016 form 990 schedule?

Common errors include incorrect calculations, omissions of required information, and filing under the wrong classification. Double-checking the entries against your financial records and ensuring compliance with the latest IRS guidelines for the 2016 form 990 schedule can help mitigate these mistakes.