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Form 990 OMB No. 1545-0047 Return of Organization Exempt From Income Tax 2013 Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations) Open to Public Inspection

How to fill out return of organization exempt

How to fill out a return of organization exempt:

1. Gather all necessary information: Before starting to fill out the return, make sure you have all the required information and documents. This includes details about your organization, such as its name, address, and EIN (Employee Identification Number), as well as financial information such as income, expenses, and assets.
2. Choose the appropriate form: There are different forms available for return of organization exempt, depending on the size and type of your organization. The most commonly used form is Form 990, which is used by most tax-exempt organizations. Ensure you select the correct form that aligns with your organization's status.
3. Complete the basic information: Begin by providing the basic information about your organization, such as its name, address, and EIN. Verify that all the details are accurate and up-to-date.
4. Provide financial information: The return of organization exempt requires detailed financial information, including revenues, expenses, assets, and liabilities. Be prepared to list any major sources of income, such as donations, grants, or program revenues. Additionally, provide a breakdown of your organization's expenses, such as salaries, office expenses, and program costs.
5. Complete the necessary schedules: Depending on your organization's activities, you might need to complete additional schedules and attachments. These schedules delve into specific areas, such as compensation of officers, lobbying activities, or foreign financial accounts. Ensure you carefully fill out any required schedules relevant to your organization.
6. Review and file the return: Once you have filled out all the necessary sections and schedules, review the return thoroughly for accuracy and completeness. Double-check all the provided information and calculations. After ensuring everything is accurate, sign and date the return. Follow the instructions provided with the form to submit the return to the appropriate tax authority.

Who needs a return of organization exempt?

1. Organizations with tax-exempt status: Generally, organizations that have been granted tax-exempt status by the IRS are required to file a return of organization exempt. This includes organizations recognized as 501(c)(3) charitable organizations, as well as other types of tax-exempt entities like political organizations and social clubs.
2. Organizations meeting certain income thresholds: In some cases, even if an organization is tax-exempt, it may still be required to file a return if it meets certain income thresholds. For example, most small tax-exempt organizations with annual gross receipts of less than $50,000 can file a simplified version called Form 990-N (e-Postcard). Larger organizations, however, must file the full Form 990 or 990-EZ annually.
3. Compliance with legal obligations: Filing a return of organization exempt is not only a legal requirement but also helps maintain compliance and transparent financial reporting. It allows the organization to provide necessary information about its activities, finances, and governance to the IRS and the public.

Remember, these are general guidelines, and it is important to consult with the IRS or a tax professional to ensure you are accurately meeting your organization's specific requirements for filing a return of organization exempt.

For pdfFiller’s FAQs

What is return of organization exempt?

Return of organization exempt is a form that certain tax-exempt organizations must file with the IRS to maintain their tax-exempt status.

Who is required to file return of organization exempt?

Certain tax-exempt organizations, such as 501(c)(3) organizations, are required to file a return of organization exempt with the IRS.

How to fill out return of organization exempt?

Return of organization exempt can be filled out electronically using the IRS's e-Postcard system or by submitting Form 990 or Form 990-EZ.

What is the purpose of return of organization exempt?

The purpose of the return of organization exempt is to provide the IRS with information about the organization's activities and finances to ensure compliance with tax laws and regulations.

What information must be reported on return of organization exempt?

Information such as the organization's name, address, mission statement, financial information, and details of activities must be reported on the return of organization exempt.

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