Get the free 2013 Instructions for Schedule L (Form 990 or 990-EZ). Instructions for Schedule L (...
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What is instructions for schedule l?
Schedule L provides information about the organization's transactions with interested persons.
Who is required to file instructions for schedule l?
Nonprofit organizations that engage in transactions with interested persons are required to file Schedule L.
How to fill out instructions for schedule l?
Fill out the schedule by providing details of transactions with interested persons, including the nature of the transaction, amount involved, and relationship of the interested person to the organization.
What is the purpose of instructions for schedule l?
The purpose of Schedule L is to increase transparency and prevent potential conflicts of interest within nonprofit organizations.
What information must be reported on instructions for schedule l?
The schedule must include details of all transactions over $5,000 or 1% of the organization's total revenue with interested persons.
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