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OMB No 1545-1150 Return of Organization Exempt From Income Tax F m 990-EZ Department of the Treasury Sponsoring organizations of donor advised funds and controlling organizations as defined in section

How to fill out f m 990-ez

How to fill out f m 990-ez:

1. Gather the necessary information and documents: Before starting the form, gather all relevant financial and organizational information such as income and expense statements, balance sheets, and details about your organization's activities.
2. Download and access the form: Visit the official website of the Internal Revenue Service (IRS) and download Form 990-EZ. Ensure you have the latest version of the form.
3. Provide all required identification information: Begin by filling out the basic identification section, including your organization's name, address, Employer Identification Number (EIN), and the tax year the form relates to.
4. Complete Part I: This section requires you to provide information about your organization's gross receipts, assets, and other financial details. It may also inquire about any changes in your organization's accounting method or reporting during the tax year.
5. Fill out Part II: This section of the form focuses on specific questions regarding your organization's programs, activities, and governance. You will need to provide details about any grants or assistance you provided, as well as information about your board members, executive compensation, and potential conflicts of interest.
6. Complete Part III: In this section, you will disclose various compliance questions about your organization, including its lobbying and political activities, private foundation status, and excess benefit transactions.
7. Attach any required schedules: Depending on your organization's activities and financial details, you may need to attach specific schedules to provide further information or explanations. Ensure you carefully review the instructions and determine if any schedules are necessary for your situation.
8. Review and double-check: Once you have completed all the sections and attached any required schedules, review the entire form, ensuring all information is accurate and legible. Correct any errors or omissions before submitting the form.
9. Retain a copy and submit to the IRS: Make a copy of the completed form, along with all attached schedules, for your records. Then, submit the original form to the IRS before the applicable deadline, which is usually the 15th day of the 5th month following the close of your organization's tax year.

Who needs f m 990-ez:

1. Nonprofit organizations: Tax-exempt organizations, such as charities, religious organizations, and educational institutions, are typically required to file Form 990-EZ. This form provides important financial and operational information to the IRS and the public.
2. Organizations with gross receipts below $200,000: If your organization's gross receipts are less than $200,000 and total assets are less than $500,000, you are generally eligible to file Form 990-EZ instead of the longer and more detailed Form 990.
3. Organizations exempt from filing Form 990-N: Organizations that would typically file Form 990-N, the e-Postcard, but exceed the annual gross receipts threshold of $50,000 must file Form 990-EZ.

Remember, it is important to consult with a tax professional or carefully review the instructions provided by the IRS to ensure compliance with all requirements and to accurately complete Form 990-EZ for your specific organization.

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What is f m 990-ez?

Form 990-EZ is the short form version of Form 990, filed by small tax-exempt organizations to provide the IRS with information on their finances and operations.

Who is required to file f m 990-ez?

Small tax-exempt organizations with gross receipts less than $200,000 and total assets less than $500,000 are required to file Form 990-EZ.

How to fill out f m 990-ez?

Form 990-EZ is filled out by providing information on the organization's finances, activities, and governance. The form must be filled out accurately and completely.

What is the purpose of f m 990-ez?

The purpose of Form 990-EZ is to provide the IRS and the public with information about the finances and operations of small tax-exempt organizations.

What information must be reported on f m 990-ez?

Information such as revenue, expenses, assets, program service accomplishments, governance, and other relevant details about the organization must be reported on Form 990-EZ.