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Return of Organization Exempt From Income Tax 990 Form Department of the Treasury Internal Revenue Se RV ice A For the 2004 calendar year, or tax year beginning B Check if Please applicable JUL 1

How to fill out return of organization exempt

How to Fill out Return of Organization Exempt:

1. Obtain the necessary forms: Start by obtaining Form 990, Return of Organization Exempt from Income Tax, from the IRS website or by requesting a copy from the IRS. Ensure you have the correct version of the form that corresponds to the tax year for which you are filing.
2. Review instructions: Carefully read through the instructions provided with Form 990. This will help you understand the requirements, determine if your organization meets the criteria for filing, and gather all the necessary information and supporting documents.
3. Provide general information: Begin filling out the form by providing general information about your organization, including its name, address, contact information, and taxpayer identification number (EIN). Make sure to provide accurate and up-to-date information.
4. Describe your organization: Provide a brief description of your organization's mission, activities, and achievements during the tax year. This section allows you to showcase the work you have done and explain how it qualifies for tax-exempt status.
5. Complete financial statements: Prepare and complete the financial statements section of the form. This includes providing information about your organization's revenue, expenses, assets, and liabilities. Be sure to follow the specific instructions provided for each item and attach any required schedules or additional explanations.
6. Address specific questions and schedules: Answer all the questions and complete any schedules that are applicable to your organization. These questions and schedules cover various aspects like governance, compensation of officers, related organizations, lobbying activities, and more. Provide accurate and detailed information to the best of your knowledge.
7. Sign and date the form: Once you have filled out all the necessary sections, sign and date the form. The person signing should be an authorized representative of your organization, typically the president, CEO, or treasurer. By signing, you are verifying that the information provided is true, complete, and accurate to the best of your knowledge.

Who needs Return of Organization Exempt:

1. Nonprofit organizations: The Return of Organization Exempt is typically required for nonprofit organizations that are recognized as tax-exempt under section 501(c) of the Internal Revenue Code. These organizations include charities, religious groups, educational institutions, social welfare organizations, and more.
2. Tax-exempt organizations with gross receipts: If your tax-exempt organization has gross receipts of $50,000 or more in a tax year, you are generally required to file Form 990. Smaller organizations with gross receipts below this threshold may be eligible to file Form 990-N (e-Postcard) or Form 990-EZ, depending on their specific circumstances.
3. Private foundations: Private foundations, regardless of their size, must file Form 990-PF, Return of Private Foundation. This form is used to report financial information and ensure compliance with the rules and regulations governing private foundations.

Note: It is always recommended to consult with a tax advisor or accountant familiar with nonprofit tax laws to ensure accurate and compliant completion of the Return of Organization Exempt.

For pdfFiller’s FAQs

What is return of organization exempt?

The return of organization exempt is a form filed by tax-exempt organizations to provide information about their finances and activities.

Who is required to file return of organization exempt?

Tax-exempt organizations recognized under section 501(c) of the Internal Revenue Code are required to file a return of organization exempt.

How to fill out return of organization exempt?

The return of organization exempt can be filled out online through the IRS website or by submitting a paper form with all the required information.

What is the purpose of return of organization exempt?

The purpose of the return of organization exempt is to ensure transparency and accountability of tax-exempt organizations by providing the IRS and the public with information about their finances and activities.

What information must be reported on return of organization exempt?

The return of organization exempt includes information about the organization's revenue, expenses, assets, liabilities, activities, and governance structure.

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