Get the free 2012 IRS Form 990 - Lotus Outreach.pdf

Form990OMB No. 15450047Return of Organization Exempt From Income Tax2012Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation) Department

How to fill out 2012 irs form 990

How to fill out 2012 irs form 990

1. To fill out the 2012 IRS Form 990, follow these steps:
2. Begin by entering the organization's name and employer identification number (EIN) at the top of the form.
3. Provide the organization's address and contact information in the designated sections.
4. Indicate the type of organization, whether it is a corporation, partnership, trust, or other entity.
5. Fill out Part I: Summary to provide a brief overview of the organization's mission, activities, and accomplishments during the tax year.
6. Complete Part II: Signature Block, which requires the signature of an authorized individual and includes an explanation of the process used to review the form.
7. Provide the necessary financial information in Part III: Statement of Program Service Accomplishments.
8. Fill out Part IV: Checklist of Required Schedules to ensure that all required schedules are attached.
9. Include any additional required schedules as specified by the form instructions.
10. Answer specific questions in Part V: Statements Regarding Other IRS Filings and Tax Compliance.
11. Provide compensation details for highly paid individuals in Part VI: Governance, Management, and Disclosure.
12. Complete Part VII: Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors.
13. If applicable, provide information about interested persons, excess benefit transactions, and voting members in Part VIII: Statement of Revenue.
14. Fill out Part IX: Statement of Functional Expenses to report the organization's expenses by program, management, and fundraising.
15. Complete Part X: Balance Sheet to provide a snapshot of the organization's assets, liabilities, and net assets.
16. Fill out Part XI: Reconciliation of Net Assets to report any reconciling items affecting the organization's net assets.
17. Complete all other sections and schedules as needed, ensuring accuracy and thoroughness.
18. Review the completed form for accuracy and sign and date it before submitting it to the IRS.
19. Keep a copy of the completed form for your records.
20. Note: It is advisable to consult a tax professional or refer to the IRS instructions for Form 990 for detailed guidance.

Who needs 2012 irs form 990?

1. Nonprofit organizations, including charitable, religious, educational, and other tax-exempt organizations, need to file the IRS Form 990 for the tax year 2012. This form is specifically required for organizations with total gross receipts of $200,000 or more, or total assets of $500,000 or more.
2. Certain political organizations, private foundations, and organizations under specific tax code sections may also be required to file Form 990.
3. It is important to determine the specific filing requirements and consult the IRS guidelines or a tax professional to ensure compliance.

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What is irs form 990?

IRS Form 990 is an annual informational return that tax-exempt organizations must file with the Internal Revenue Service to provide information about their financial activities, governance, and compliance with tax regulations.

Who is required to file irs form 990?

Tax-exempt organizations, including charities and non-profits, with gross receipts over $200,000 or total assets exceeding $500,000 are required to file IRS Form 990.

How to fill out irs form 990?

To fill out IRS Form 990, organizations should gather their financial data, governance information, and program accomplishments. They can complete the form using the IRS's online filing system or software specifically designed for tax-exempt organizations.

What is the purpose of irs form 990?

The purpose of IRS Form 990 is to ensure transparency and accountability among tax-exempt organizations, allowing the IRS and the public to access information about the organization's operations, financials, and compliance with tax laws.

What information must be reported on irs form 990?

Organizations must report financial statements, revenue, expenses, executive compensation, contributions, program service accomplishments, and governance structures on IRS Form 990.