Get the free IRS Form 990-EZ - grrowls

Form Short Form Return of Organization Exempt From Income Tax 990-EZ OMB No. 1545-1150 2007 Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or

How to fill out irs form 990-ez

How to fill out IRS Form 990-EZ:

1. Begin by gathering all the necessary information and documents required to complete Form 990-EZ. This includes information about your organization's finances, activities, and governance.
2. Make sure you have all the relevant schedules and attachments that may be needed to accompany Form 990-EZ, depending on your organization's specific circumstances.
3. Start by entering your organization's basic information in Section A of Form 990-EZ. This includes details such as the organization's name, address, and Employer Identification Number (EIN).
4. Move on to Section B, where you will provide a brief description of your organization's exempt purpose and activities. Be concise yet informative in your description.
5. In Section C, you need to disclose information about your organization's IRS subsection code. This is important for classifying your organization correctly. Consult the IRS guidelines or a tax professional if you are unsure about the appropriate code to use.
6. Proceed to Section D, where you should report your organization's revenues, expenses, and net assets or funds balances for the tax year. This includes information such as the total revenue, program service revenue, investment income, and more. Pay attention to the specific line items and refer to the instructions for any necessary clarifications.
7. Next, complete Part I of the Schedule O, which is the continuation sheet for Form 990-EZ. It allows you to provide additional information or explanations regarding specific questions or sections of the form.
8. If your organization meets any of the specific criteria outlined in the Instructions for Form 990-EZ, you may need to complete additional schedules (Part II of Schedule O) to provide more detailed information. Examples include Schedule A for public charities or Schedule B for organizations that engage in certain lobbying activities.
9. Double-check that all the required sections of Form 990-EZ have been completed accurately and without any errors. Ensure all figures are correct and properly reported.
10. Sign and date the form as the authorized officer of the organization. Failure to sign the form may result in processing delays or rejection.

Who needs IRS Form 990-EZ:

1. Nonprofit organizations described in section 501(c)(3) of the Internal Revenue Code and with gross receipts less than $200,000 and total assets less than $500,000 may be eligible to file Form 990-EZ instead of the full Form 990.
2. Certain tax-exempt organizations, such as charities, educational institutions, religious organizations, and more, are generally required to file an annual informational return with the IRS. Form 990-EZ serves as a simplified version of the full Form 990 for eligible organizations.
3. Organizations that are not exempt under section 501(c)(3) but still qualify for filing Form 990-EZ based on their gross receipts and total assets should consult the IRS guidelines and evaluate their eligibility.
4. It is important to note that while Form 990-EZ may be less complex than the full Form 990, proper completion and accuracy are still essential. Consider seeking professional assistance or reviewing the instructions provided by the IRS to ensure compliance with reporting requirements.

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What is irs form 990-ez?

IRS Form 990-EZ is a shortened version of Form 990 and is used by small tax-exempt organizations and charities to report their financial information to the IRS.

Who is required to file irs form 990-ez?

Organizations with gross receipts less than $200,000 and total assets less than $500,000 are eligible to file Form 990-EZ.

How to fill out irs form 990-ez?

Form 990-EZ can be filled out electronically using tax preparation software or manually by following the instructions provided by the IRS.

What is the purpose of irs form 990-ez?

The purpose of Form 990-EZ is to provide the IRS and the public with financial information about tax-exempt organizations in order to ensure transparency and compliance with tax laws.

What information must be reported on irs form 990-ez?

Some of the information that must be reported on Form 990-EZ includes revenue, expenses, assets, liabilities, program services, and governance.