IRS 990 or 990-EZ - Schedule L 2020 free printable template
Get Form
Show details
SCHEDULE L (Form 990 or 990EZ) CompleteDepartment of the Treasury Internal Revenue ServiceTransactions With Interested Persons13Open To Public InspectionEmployer identification numberless Benefit
pdfFiller is not affiliated with IRS
Get, Create, Make, and Sign 990 interested form
Edit your 990 interested form online
Type text, complete fillable fields, insert images, highlight or blackout data for discretion, add comments, and more.
Add your legally-binding signature
Draw or type your signature, upload a signature image, or capture it with your digital camera.
Share your form instantly
Email, fax, or share your 990 interested form via URL. You can also download, print, or export forms to your preferred cloud storage service.
Instructions and Help about IRS 990 or 990-EZ - Schedule
How to edit IRS 990 or 990-EZ - Schedule
How to fill out IRS 990 or 990-EZ - Schedule
Instructions and Help about IRS 990 or 990-EZ - Schedule
How to edit IRS 990 or 990-EZ - Schedule
Edit IRS 990 or 990-EZ - Schedule forms easily using pdfFiller. This platform allows you to modify the form fields, ensuring the information is accurate before submission. You can also save your edits for future use or review.
How to fill out IRS 990 or 990-EZ - Schedule
To fill out the IRS 990 or 990-EZ - Schedule, follow these steps:
01
Gather all necessary financial documents related to your organization's activities.
02
Download the form from the IRS website or access it via software that supports tax form completion.
03
Complete all relevant sections, ensuring accuracy in reporting revenue and expenditures.
04
Review your completed form for any errors or missing information.
05
Submit the form by the due date specified by the IRS.
About IRS 990 or 990-EZ - Schedule 2020 previous version
What is IRS 990 or 990-EZ - Schedule?
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 or 990-EZ - Schedule 2020 previous version
What is IRS 990 or 990-EZ - Schedule?
IRS 990 or 990-EZ - Schedule is a tax form used by tax-exempt organizations, non-profit entities, and certain governmental entities to report their income, expenditures, and compliance with tax laws. The form aims to provide transparency into an organization’s financial activities and operational performance.
What is the purpose of this form?
The purpose of IRS 990 or 990-EZ - Schedule is to disclose financial performance and uphold accountability to the public. Organizations utilize this form to report details regarding governance, mission-related activities, and overall financial health, aiding stakeholders in understanding the organization’s operations.
Who needs the form?
Certain tax-exempt organizations, including charities, foundations, and trusts, must file IRS 990 or 990-EZ - Schedule. If an organization meets specific income thresholds or is classified under certain IRS categories, submission of this form is mandated to remain compliant with federal regulations.
When am I exempt from filling out this form?
Exemptions for filing IRS 990 or 990-EZ - Schedule include organizations that have gross receipts of less than $50,000 annually. Additionally, religious institutions and organizations that primarily engage in certain activities, such as educational purposes, may also qualify for an exemption.
Components of the form
The form consists of several key components including financial summaries, functional expenses, and details regarding governance practices. Each segment requires specific information ranging from revenue sources to program activities, ensuring comprehensive reporting of the organization's financial landscape.
Due date
The due date for filing IRS 990 or 990-EZ - Schedule is typically the 15th day of the 5th month after the end of the organization’s fiscal year. Organizations that do not adhere to this timeline may face penalties or undergo further IRS scrutiny.
What are the penalties for not issuing the form?
Failure to file IRS 990 or 990-EZ - Schedule can result in significant penalties. Organizations may face fines starting at $20 per day for each day the return is late, up to a maximum penalty. Additionally, continuous non-compliance can jeopardize an organization’s tax-exempt status.
What information do you need when you file the form?
When filing IRS 990 or 990-EZ - Schedule, organizations need information regarding total revenue, total expenses, program service accomplishments, and governance policies. Accurate records of donations, grants, and any financial transactions are essential for proper completion.
Is the form accompanied by other forms?
Filing IRS 990 or 990-EZ - Schedule may require accompanying forms depending on the organization’s activities. For instance, organizations may need to provide additional schedules detailing specific financial activities or compliance with other IRS regulations.
Where do I send the form?
After completing IRS 990 or 990-EZ - Schedule, organizations must send it to the appropriate IRS address specified in the form instructions. The submission method may vary based on the organization type and the choice of electronic or paper filing.
Use this catalog to find any type of IRS forms. We've gathered all of them under this section uncategorized to help you to find a proper form faster. Once you spot it on this list, have a look at the versions and schedules you might need as attachments. All returns are available for 2016 and for previous fiscal years.
