Get the free Form 990 Schedule J Instructions 2010

Form 990 Schedule J Instructions 2010 8863 page is at IRS.gov/form8863, and the Schedule A (Form 1040) page is at IRS.gov/schedulea. Information about Form 990 and its instructions is at irs.gov/form990.

How to fill out form 990 schedule j

How to fill out form 990 schedule j

1. To fill out Form 990 Schedule J, follow these steps:
2. Obtain a copy of Form 990 Schedule J from the IRS website or your tax preparer.
3. Begin by entering your organization's name, employer identification number (EIN), and tax year at the top of the form.
4. Complete Part I, which involves reporting compensation information for the organization's officers, directors, trustees, key employees, and highest compensated employees.
5. Provide details on each individual, including their name, title, number of hours devoted to the organization, compensation amount, and compensation type.
6. Calculate the average hours per week spent on all organization functions and report it in the appropriate column.
7. Complete Part II, which requires reporting compensation information for certain independent contractors and others.
8. Enter the name, address, EIN (if applicable), type of service rendered, and compensation amount for each independent contractor or service provider.
9. At the end of Part II, calculate the total compensation for all individuals listed and report it.
10. Complete Part III if applicable, which involves reporting compensation information for former officers, key employees, and highest compensated employees who received reportable compensation from related organizations.
11. Provide the required details for each individual, including their name, title, organization name, organization EIN, and compensation amount.
12. Calculate the total compensation for all individuals listed in Part III.
13. Review the completed form for accuracy and ensure that all necessary information has been provided.
14. Sign and date the form.
15. Retain a copy of the completed form for your records.
16. Submit the original form to the IRS along with your Form 990 tax return.

Who needs form 990 schedule j?

1. Form 990 Schedule J is required to be filed by organizations that file Form 990, Return of Organization Exempt from Income Tax.
2. Generally, organizations that have more than $10,000 in gross receipts in any year must file Form 990.
3. However, certain types of organizations are exempt from this requirement, such as churches, political organizations, and certain government-affiliated organizations.
4. Schedule J specifically focuses on reporting compensation information for certain individuals and independent contractors.
5. Therefore, organizations that have officers, directors, trustees, key employees, highest compensated employees, or independent contractors may need to fill out Schedule J.

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What is form 990 schedule j?

Form 990 Schedule J is used by organizations to report compensation information for certain employees.

Who is required to file form 990 schedule j?

Organizations that are tax-exempt under section 501(c) of the Internal Revenue Code and have employees who meet the criteria for reporting compensation.

How to fill out form 990 schedule j?

Form 990 Schedule J must be filled out accurately by providing detailed information on the compensation of certain employees as per the instructions provided by the IRS.

What is the purpose of form 990 schedule j?

The purpose of Form 990 Schedule J is to disclose compensation information for certain employees in order to promote transparency and accountability.

What information must be reported on form 990 schedule j?

Form 990 Schedule J requires reporting on compensation, benefits, and other financial details of certain employees including officers, key employees, and highly compensated employees.