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** P U B L I C D I S C L O S U R E C O P Y ** Form Return of Organization Exempt From Income Tax 990 D par tent of the Treasury Internal Revenue Service ? SEP 30, 2013 D Employer identification number

How to fill out return of organization exempt

How to Fill Out Return of Organization Exempt:

1. Gather the necessary information: Before starting the process, make sure you have all the required information, such as the organization's name, address, EIN (Employer Identification Number), and financial data.
2. Download the form: Visit the official website of the IRS (Internal Revenue Service) and download Form 990, which is the Return of Organization Exempt from Income Tax.
3. Section by section completion: Carefully review each section of Form 990 and provide accurate and up-to-date information. This includes details about the organization's activities, financial statements, compensation of key individuals, and compliance with tax regulations.
4. Properly report income and expenses: In Part I of Form 990, report the organization's gross receipts, contributions, program service revenue, and other sources of income. In Part IX, disclose the details of the organization's expenses, including program services, management, and fundraising costs.
5. File required schedules and attachments: Depending on the size and nature of the organization, certain schedules may need to be attached to Form 990. These schedules provide additional information about specific activities, such as lobbying or grants.
6. Review and double-check: Before submitting the completed form, carefully review each section to ensure accuracy and completeness. Mistakes or inaccuracies can lead to delays or potential penalties.

Who Needs Return of Organization Exempt:

1. Nonprofit organizations: Return of Organization Exempt is required for most tax-exempt organizations, including charitable, educational, religious, scientific, and social welfare organizations.
2. Size and filing thresholds: Generally, organizations with gross receipts exceeding $50,000 or total assets over $250,000 are required to file Form 990. However, smaller organizations may have different filing requirements, so it's advisable to consult the IRS guidelines.
3. Transparency and accountability: Filing Form 990 helps fulfill a nonprofit organization's obligations of transparency and accountability. It allows the IRS, as well as donors and the public, to access important financial and operational information.

Note: The information provided here is a general guide and should not replace professional advice. It is recommended to consult a tax professional or refer to the official IRS guidelines for specific instructions on filling out the Return of Organization Exempt.

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What is return of organization exempt?

The return of organization exempt is a form that tax-exempt organizations must file with the IRS to report their financial information and ensure compliance with tax laws.

Who is required to file return of organization exempt?

Nonprofit organizations that are exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code are required to file a return of organization exempt.

How to fill out return of organization exempt?

The return of organization exempt can be filled out using Form 990, Form 990-EZ, or Form 990-N, depending on the size and activities of the organization. It is important to accurately report all financial information.

What is the purpose of return of organization exempt?

The purpose of the return of organization exempt is to provide the IRS and the public with information about the organization's finances, activities, and compliance with tax laws.

What information must be reported on return of organization exempt?

The return of organization exempt typically requires information such as the organization's revenue, expenses, assets, liabilities, activities, and governance structure.

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