Form 990-EZ is an annual information return required by the IRS from many organizations exempt from income tax and certain political organizations. The form requires reporting on exempt activities, finances, federal tax filings and more, and may require additional schedules depending on the organization.
What is Form 990-EZ?
Form 990-EZ is an annual information return required by the IRS for many organizations exempt from income tax. The form is composed of 6 parts, which require reporting on the organization’s activities, finances, and compliance with certain federal tax requirements. Depending on the activities of the organization, additional schedules may also be required. Those filing Form 990-EZ must make the completed form public, and may also be mandated by the state to file the document.
IRS Form 990-EZ – Who Needs to Fill It Out?
IRS Form 990-EZ is required annually to be filed by many organizations declared exempt from income tax according to section 501(a) and certain political organizations and nonexempt charitable trusts. Parts I-V must be completed by all filing entities, while Part VI needs completion by section 501(c)(3) organizations and section 4947(a)(1) nonprofits. The form includes information on activities, finances, compliance to federal tax requirements and salaries of certain persons, along with some additional schedules based on type of activity and organization. The form must be made public by IRS, and may also need to be filed with state governments.
Step-by-Step: Form 990-EZ Instructions For Filling Out the Document
Form 990-EZ is to be completed annually by many organizations exempt from income tax, certain political organizations, and certain nonexempt charitable trusts. The parts of the form range from I to V, with Part VI only to be completed by section 501(c)(3) organizations and section 4947(a)(1) nonexempt charitable trusts. Once filled out, the document must be sent to the IRS and made available to the public. Depending on the activities and type of organization, additional schedules may be required to complete. In some cases, filing of the document with the state government may be necessary to satisfy state reporting requirements.
Below, we present a table that will help you understand how to fill out Form 990-EZ.
| Form 990-EZ Part | Description |
|---|---|
| Part I | Completed annually by many tax-exempt organizations |
| Part II | For certain political organizations |
| Part III | For certain nonexempt charitable trusts |
| Part IV | For section 501(c)(3) organizations |
| Part V | For section 4947(a)(1) nonexempt charitable trusts |
| Part VI | Additional schedules may be required based on activities and organization type |
| Public Availability | Must be sent to the IRS and made available to the public |
| State Reporting | Filing with the state government may be necessary for state reporting requirements |
Do You Need to File Form 990-EZ Each Year?
Do You Need to File Form 990-EZ Each Year? In most cases, organizations liable to income tax under section 501(a), or certain political organizations or nonexempt charitable trusts, must file Form 990-EZ annually. This form requires organizations to report on their activities, finances, compliance with federal tax filings and requirements, and compensation paid to certain persons. Additional schedules may be required depending on the activities and type of organization. The form must also be made available to the public by both the IRS and the filing organization, and may be required to be filed with state governments to meet state reporting requirements.
Download the official IRS Form 990-EZ PDF
On the official IRS website, you will find a link to download Form 990-EZ. However, to make it easier for you, we are providing the link in our article, which comes directly from the official irs.gov website! Click to download: Form 990-EZ
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