Get the free I 990-EZ Short Form Return of Organization Exempt From Income Tax Department of the ...

I 990-EZ Short Form Return of Organization Exempt From Income Tax Department of the Treasury Internal Revenue Service Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except

How to fill out i 990-ez short form

How to fill out i 990-ez short form?

1. Ensure you meet the eligibility requirements: Before filling out the i 990-ez short form, make sure you are eligible to use this form. The i 990-ez is designed for certain tax-exempt organizations with gross receipts less than $200,000 and total assets less than $500,000.
2. Gather necessary information: Collect all the relevant financial information about your organization, including details about your income, expenses, assets, liabilities, and program activities. You may also need to provide information about any grants or contributions received.
3. Download and review the instructions: Visit the official IRS website and download Form i 990-ez along with its instructions. Review the instructions carefully to understand the requirements and specific sections of the form.
4. Complete the identification section: Start by providing basic information about your organization, such as its name, address, EIN (Employer Identification Number), fiscal year end, and tax-exempt status. Double-check the accuracy of the information before proceeding.
5. Fill out Part I: The first part of the form requires you to provide details about your organization's revenue, such as contributions, program service revenue, membership dues, and investment income. Include accurate financial figures for each category and ensure all calculations are correct.
6. Complete Part II: This section focuses on your organization's expenses, including program service expenses, management and general expenses, fundraising expenses, and more. Ensure you accurately report the expenses and calculate the totals properly.
7. Provide additional required information: The i 990-ez may require additional disclosures and schedules depending on your organization's activities. Make sure you carefully read the instructions and provide any necessary attachments or supplementary information.
8. Review and sign the form: Once you have completed all the sections of the i 990-ez, thoroughly review the form for accuracy and any potential errors. Attach any required schedules or attachments. Sign and date the form as the authorized person, such as the executive director or the president of the organization.
9. Keep a copy for your records: Before submitting your form to the IRS, make a copy of the completed i 990-ez for your own records. This will serve as a reference in case of any future inquiries or audits.

Who needs i 990-ez short form?

1. Small tax-exempt organizations: The i 990-ez short form is primarily used by small tax-exempt organizations that meet certain criteria, such as having gross receipts less than $200,000 and total assets less than $500,000. They may choose to file this form instead of the more complex i 990 long form.
2. Non-profit organizations: Non-profit organizations that are recognized as tax-exempt under Section 501(c)(3) or other applicable sections of the Internal Revenue Code may need to file the i 990-ez short form. This includes charities, religious organizations, educational institutions, and other similar entities.
3. Organizations with limited resources: The i 990-ez is designed to simplify the reporting requirements for smaller organizations with limited resources. Filing the short form allows these organizations to fulfill their tax reporting obligations while reducing the burden of extensive financial disclosures.
4. Organizations seeking public transparency: By filing the i 990-ez, organizations can provide the public with financial transparency and accountability. The form is publicly available, allowing stakeholders, donors, and the general public to access information about the organization's income, expenses, and activities.
5. Organizations utilizing tax-exempt status: Organizations that benefit from tax exemption, such as being eligible to receive tax-deductible donations, may need to file the i 990-ez. This helps maintain their tax-exempt status and comply with regulations set forth by the IRS.

For pdfFiller’s FAQs

What is i 990-ez short form?

The i 990-ez short form is a simplified version of the IRS Form 990 for tax-exempt organizations with gross receipts less than $200,000 and total assets less than $500,000.

Who is required to file i 990-ez short form?

Tax-exempt organizations with gross receipts less than $200,000 and total assets less than $500,000 are required to file the i 990-ez short form.

How to fill out i 990-ez short form?

To fill out the i 990-ez short form, organizations need to provide information on their finances, activities, governance, and other relevant details following the instructions provided by the IRS.

What is the purpose of i 990-ez short form?

The purpose of the i 990-ez short form is to provide the IRS and the public with information about the financial status, activities, and governance of small tax-exempt organizations.

What information must be reported on i 990-ez short form?

Information such as revenue, expenses, assets, liabilities, program services, governance structure, and more must be reported on the i 990-ez short form.

How do I make changes in i 990-ez short form?

With pdfFiller, it's easy to make changes. Open your i 990-ez short form in the editor, which is very easy to use and understand. When you go there, you'll be able to black out and change text, write and erase, add images, draw lines, arrows, and more. You can also add sticky notes and text boxes.

How can I edit i 990-ez short form on a smartphone?

The best way to make changes to documents on a mobile device is to use pdfFiller's apps for iOS and Android. You may get them from the Apple Store and Google Play. Learn more about the apps here. To start editing i 990-ez short form, you need to install and log in to the app.

How do I fill out i 990-ez short form using my mobile device?

The pdfFiller mobile app makes it simple to design and fill out legal paperwork. Complete and sign i 990-ez short form and other papers using the app. Visit pdfFiller's website to learn more about the PDF editor's features.