The IRS has updated Form 990-EZ, Short Form Return of Organization Exempt From Income Tax to help tax-exempt organizations avoid common mistakes when filing their annual return. The updated 990-EZ ...
Sec. 6033 of the Internal Revenue Code requires most tax-exempt organizations to file an annual information return containing income, receipts, disbursements, and other information. This seems to be a ...
Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She has been in the accounting, audit, and tax profession for more than 13 years, working with individuals and a ...
IMGCAP(1)]As most exempt organizations know all too well, preparing a Form 990 can be a time consuming and complicated process. Processing Content To help you have a better understanding of the form’s ...
The due date for many tax-exempt and charitable organizations is the 15th day of the 5th month after the end of the accounting year. For an organization with a December 31 year-end, that’s May 15.
What Is Form 990: Return of Organization Exempt From Income Tax? Even organizations exempt from paying federal income tax must report their activities annually to the Internal Revenue Service (IRS).