IRS 990-EZ 2019 free printable template

40b 40e 42b 42c Section 4947 a 1 nonexempt charitable trusts filing Form 990-EZ in lieu of Form 1041 Check here. And enter the amount of tax-exempt interest received or accrued during the tax year. completed instead of Form 990-EZ. Meaning of section 512 b 13 If Yes Form 990 and Schedule R may need to be completed instead of Form 990-EZ see instructions. If gross receipts are 200 000 or more or if total assets Part II column B below are 500 000 or more file Form 990 instead of Form 990-EZ. Must...agree with Cat. No. 10642I 5c 6d 7c Form 990-EZ 2017 Page Balance Sheets see the instructions for Part II A Beginning of year Cash savings and investments. O. box if mail is not delivered to street address Name change E Telephone number Initial return Final return/terminated Amended return City or town state or province country and ZIP or foreign postal code F Group Exemption Number Application pending Cash G Accounting Method I Website J Tax-exempt status check only one Accrual Other specify H...Check if the organization is not required to attach Schedule B Form 990 990-EZ or 990-PF. 39b section 4911 b Section 501 c 3 501 c 4 and 501 c 29 organizations. Did the organization engage in any section 4958 excess benefit transaction during the year or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ If Yes complete Schedule L Part I 35b 35c 37b 38a 40a on organization managers or disqualified persons during...the year under sections 4912 4955 and 4958. Form 990-EZ 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 private foundations Department of the Treasury Internal Revenue Service Open to Public Inspection Do not enter social security numbers on this form as it may be made public. Go to www.irs.gov/Form990EZ for instructions and the latest information. A For the 2017 calendar year or tax year beginning...C Name of organization B Check if applicable 2017 and ending D Employer identification number Address change Room/suite Number and street or P. Click on the question-mark icons to display help windows. The information provided will enable you to file a more complete return and reduce the chances the IRS has to contact you. 501 c 3 insert no. 4947 a 1 or K Form of organization Corporation Trust Association Other L Add lines 5b 6c and 7b to line 9 to determine gross receipts. Part I Revenue...Expenses and Changes in Net Assets or Fund Balances see the instructions for Part I Check if the organization used Schedule O to respond to any question in this Part I. Contributions gifts grants and similar amounts received. Program service revenue including government fees and contracts. Membership dues and assessments. Investment income. Gross amount from sale of assets other than inventory. 5a Less cost or other basis and sales expenses. 5b Gain or loss from sale of assets other than...inventory Subtract line 5b from line 5a.

Instructions and Help about IRS 990-EZ

How to edit IRS 990-EZ

How to fill out IRS 990-EZ

Instructions and Help about IRS 990-EZ

How to edit IRS 990-EZ

To edit the IRS 990-EZ tax form, utilize a PDF editing tool such as pdfFiller. Open the form in pdfFiller, where you can add or modify information as necessary. Ensure any changes remain accurate and comply with IRS requirements before proceeding to save or print the form.

How to fill out IRS 990-EZ

Filling out IRS 990-EZ involves a series of steps that ensure the form is completed correctly. Follow these steps for accurate completion:

1. Gather necessary financial documents, including income statements and expense reports.
2. Begin with details such as the organization's name, address, and tax identification number.
3. Provide financial information, including revenue, expenses, and changes in net assets.
4. Complete the specific sections relevant to your organization's activities and income sources.
5. Review the form thoroughly for accuracy before submission.

About IRS 990-EZ 2019 previous version

What is IRS 990-EZ?

What is the purpose of this form?

Who needs the form?

When am I exempt from filling out this form?

Components of the form

Due date

What are the penalties for not issuing the form?

What information do you need when you file the form?

Is the form accompanied by other forms?

Where do I send the form?

About IRS 990-EZ 2019 previous version

What is IRS 990-EZ?

IRS 990-EZ is a tax form used by eligible organizations, primarily non-profits, to report their financial activity to the Internal Revenue Service (IRS). This form provides a simplified reporting option for organizations with gross receipts under a specific threshold, typically less than $200,000 and total assets under $500,000. Filing this form is a requirement for maintaining tax-exempt status.

What is the purpose of this form?

The purpose of IRS 990-EZ is to provide the IRS with essential information about the organization’s income, expenses, and operations. This data helps the IRS ensure compliance with tax regulations and maintain the organization’s tax-exempt status. Furthermore, IRS 990-EZ serves as an informational resource for the public about the organization’s financial health and activities.

Who needs the form?

IRS 990-EZ is specifically designed for small tax-exempt organizations. Generally, organizations that have gross receipts below $200,000 and total assets below $500,000 at the end of the year are required to file this form. Charitable organizations, private foundations, and other non-profits may find this form applicable, whereas larger organizations must use the longer Form 990.

When am I exempt from filling out this form?

Organizations may be exempt from filing IRS 990-EZ if they meet certain criteria. Common exemptions include organizations with gross receipts typically under $50,000 who can instead file the Form 990-N, also known as the e-Postcard. Additionally, some religious institutions and government agencies may not be required to submit this form. Always consult IRS guidelines to determine specific exemptions.

Components of the form

The IRS 990-EZ comprises several key components that organizations must complete. These include sections for reporting revenue, functional expenses, net assets, and information regarding the organization’s mission and accomplishments. Each section is crucial for providing a complete picture of the organization’s financial and operational status.

Due date

The due date for filing IRS 990-EZ is the 15th day of the 5th month after the end of the organization’s fiscal year. For example, if the fiscal year ends on December 31st, the due date would be May 15th of the following year. Organizations can request an automatic extension for up to six months by filing Form 8868.

What are the penalties for not issuing the form?

Failing to file IRS 990-EZ on time can result in significant penalties. For organizations that do not file, the IRS imposes a penalty that can amount to $20 per day, with a maximum penalty of $10,000 or 5% of the organization’s gross receipts for the year, whichever is less. Continued failure to file could jeopardize the organization’s tax-exempt status.

What information do you need when you file the form?

When preparing to file IRS 990-EZ, gather comprehensive financial data, including total revenue, total expenses, changes in net assets, and a list of board members. Additional information may include program service accomplishments and details about the organization’s mission and activities for the year. Ensuring all data is accurate is critical for compliance.

Is the form accompanied by other forms?

IRS 990-EZ may need to be accompanied by other forms, depending on the organization’s activities and circumstances. Commonly, schedules may be required to provide additional details for certain income or expenditures. It's essential to refer to the complex structure of IRS requirements to determine if additional information is necessary.

Where do I send the form?

The IRS 990-EZ must be sent to the appropriate address based on the organization’s location. Generally, this address is specified in the form’s instructions. Organizations can choose to file the form electronically through IRS e-file or send it via mail, ensuring that it is sent to the correct submission processing center.

FAQ about IRS 990-EZ

What should I do if I notice a mistake after filing my IRS 990-EZ?

If you find an error after submitting your IRS 990-EZ, you should file an amended return using Form 990 EZ Amended Return. Clearly indicate that it’s an amendment and provide the corrected information. Send it to the same address where the original was filed.

How can I track the status of my IRS 990-EZ filing?

To track your IRS 990-EZ, you can use the IRS's online tools or call their customer service. Keep your submission details handy, as you may be asked for information related to your return. Also, note that e-filed returns may process faster than paper submissions.

Are there specific scenarios where I can authorize someone else to file my IRS 990-EZ?

You can authorize someone, such as a tax professional or trusted individual, to file your IRS 990-EZ using Form 2848, Power of Attorney. Ensure that they have the appropriate permissions and understand your organization's financial details.

What common errors should I avoid when filing the IRS 990-EZ?

Common errors include incorrect or missing financial data, failing to meet signature requirements, and not checking for math errors. Double-check your figures and ensure all parts of the form are complete to avoid any issues with processing.