Schedule O (990 Form)
What is Schedule O (990 Form)?
Schedule O (990 Form) is a supplementary schedule that is filed by organizations exempt from tax under section 501(c) of the Internal Revenue Code. It provides additional information to explain the answers provided in the main 990 Form. The purpose of Schedule O is to provide a narrative description of the organization's mission, accomplishments, and activities during the tax year.
What are the types of Schedule O (990 Form)?
There are two types of Schedule O (990 Form) that organizations may be required to file. The first type is Schedule O (Form 990), which is used by organizations with gross receipts greater than or equal to $200,000 or total assets greater than or equal to $500,000. The second type is Schedule O (Form 990-EZ), which is used by organizations with gross receipts less than $200,000 and total assets less than $500,000.
How to complete Schedule O (990 Form)
Completing Schedule O (990 Form) requires careful attention to detail. Here are the steps to follow:
pdfFiller empowers users to create, edit, and share documents online. Offering unlimited fillable templates and powerful editing tools, pdfFiller is the only PDF editor users need to get their documents done.