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E l e c t r o n i c F u n d s T r an n s f e r (EFT) Direct Deposit Enrollment Authorization Form Completion instructions are on Page 2. Please type or print clearly in ink. S EC T I ON A 1. TYPE
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What is e l e c?
e l e c stands for 'Electronic Filing of Exempt Organization's Annual Information Returns.' It is a digital form that certain tax-exempt organizations are required to submit to report their financial activities.
Who is required to file e l e c?
Organizations that qualify as tax-exempt under the Internal Revenue Code, including charities and certain nonprofit organizations, are typically required to file e l e c.
How to fill out e l e c?
To fill out e l e c, organizations must gather their financial records, complete the necessary sections regarding income, expenses, and relevant organizational information, and then submit it electronically via the appropriate platform.
What is the purpose of e l e c?
The purpose of e l e c is to ensure transparency and accountability for tax-exempt organizations by requiring them to provide detailed information about their financial activities to the IRS and the public.
What information must be reported on e l e c?
Information that must be reported on e l e c includes the organization's income, expenses, balance sheet details, compensation of officers, and a summary of activities during the tax year.
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