Get the free Short Form For, 990-EZ Return of Organization Exempt From Income ...

BLURB 08/24/2006 11 50 AM Short Form Return of Organization Exempt From Income Tax For, 990-EZ OMB No 1545-1150 2005 Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black

How to fill out short form for 990-ez

How to fill out the short form for 990-ez:

1. Gather all necessary information - Before filling out the form, make sure you have all the required information ready. This may include your organization's name, address, EIN (Employer Identification Number), and financial details such as revenue and expenses.
2. Download the form - Visit the official IRS website or consult a tax professional to obtain the appropriate version of the short form for 990-ez. Make sure you have the most up-to-date form.
3. Complete Part I - Begin by providing basic organizational information in Part I of the form, including your organization's name, EIN, address, and the tax year for which you are filing.
4. Complete Part II - In this section, provide details about your organization's revenue, including contributions, program service revenue, and other sources of income. Make sure to accurately report all financial information, as any mistakes could lead to potential issues later on.
5. Complete Part III - This section focuses on your organization's program service accomplishments. Describe the mission of your organization and provide information on specific programs or services offered. Be concise yet informative when documenting your organization's achievements.
6. Complete Parts IV and V - These sections deal with information about your organization's governance, management, and certain compliance requirements. Provide details about your officers, directors, and key employees. Additionally, disclose whether your organization has engaged in certain activities such as political campaign intervention.
7. Review and double-check - Once you have completed all the necessary sections, carefully review your answers for accuracy and completeness. Incorrect or missing information could lead to delays in processing or even penalties.
8. File the form - After verifying all the information, sign and date the form. Keep a copy for your records, and submit the completed form to the IRS by the designated deadline.

Who needs the short form for 990-ez:

1. Nonprofit organizations - The short form for 990-ez is designed specifically for tax-exempt organizations with less complex financial situations. These organizations may include community charities, religious institutions, educational institutions, and social welfare organizations.
2. Organizations with gross receipts below a certain threshold - To be eligible for the short form, the organization's gross receipts must be less than $200,000 for the tax year, or they must have assets with a total value less than $500,000. Organizations that exceed these limits are typically required to file the more detailed long form 990.
3. Exempt organizations that are not private foundations - Private foundations have different reporting requirements and generally cannot use the short form 990-ez. However, most other types of tax-exempt organizations, including public charities, trade associations, and social clubs, can utilize this form if they meet the eligibility criteria mentioned earlier.

Overall, the short form for 990-ez is intended for tax-exempt organizations with relatively simple financial situations, offering a streamlined approach to reporting their financial and operational activities to the IRS.

For pdfFiller’s FAQs

What is short form for 990-ez?

The short form for 990-ez is Form 990-EZ.

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

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

How to fill out short form for 990-ez?

The short form for 990-ez can be filled out manually or electronically by providing information about the organization's finances, activities, and governance.

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

The purpose of the short form for 990-ez is to provide the IRS and the public with financial information about tax-exempt organizations.

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

Information such as revenue, expenses, assets, liabilities, program service accomplishments, and governance must be reported on the short form for 990-ez.

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