What is Form 990-EZ?
Form 990-EZ is a shorter version of the IRS Form 990, designed for certain types of smaller tax-exempt organizations. It's required for organizations to report their annual income, expenses, and activities to the IRS, helping maintain their tax-exempt status. This form is necessary for nonprofits with gross receipts less than $200,000 and total assets less than $500,000. It ensures transparency, allowing the public to view how funds are used and the missions are achieved.
What is Form 990-EZ used for?
The Form 990-EZ is a shorter version of the Form 990, designed for certain tax-exempt organizations. Here's what it's mainly used for:
- To provide the IRS with annual financial information.
- To inform the public about the organization's finances and operations.
How to fill out Form 990-EZ?
- 1
Start by entering the organization's legal name, address, and EIN in the designated fields.
- 2
Indicate the tax year for which you're submitting the form.
- 3
Fill in revenue, expenses, and net assets as requested on lines 1 through 20.
- 4
Complete the required schedules if your organization's activities necessitate them.
- 5
Review all information for accuracy, then create an electronic signature.
- 6
Download the completed form and prepare it for submission according to IRS guidelines.
Who is required to fill out Form 990-EZ?
Form 990-EZ is filled out by small to medium-sized tax-exempt organizations, reporting their financial information to the IRS.
After submission, the IRS uses it to ensure compliance with tax laws, and the public may review it to understand the organization's finances.
When is Form 990-EZ not required?
Certain organizations are exempt from the requirement to fill out Form 990-EZ. If your organization is a church, including synagogues, temples, and mosques, you are not required to submit this form.
Also, non-profit organizations with gross receipts less than $50,000 annually do not need to complete Form 990-EZ. They can submit Form 990-N (e-Postcard) instead.
When is Form 990-EZ due?
The deadline for the Form 990-EZ is the 15th day of the 5th month after the organization's fiscal year ends.
For example, if your fiscal year ends on December 31, your Form 990-EZ would be due by May 15 of the following year. Remember to mark your calendar accordingly to avoid any late submission penalties.
How to get a blank Form 990-EZ?
To get a blank form 990-EZ, visit our platform where the template is pre-loaded in our editor. This allows you to start filling it out right away, without the need to download it from anywhere else. Remember, our website helps you fill out and download the form, but not submit it.
How to sign Form 990-EZ online?
To sign Form 990-EZ online, visit PDF Guru and select the form. Fill in the necessary details in the provided fields using the PDF editor.
After completing the form, you can create a simple electronic signature to finalize it. Choose the signature option, sign, and then download your document for your records.
Where to file Form 990-EZ?
Form 990-EZ can be submitted online through IRS-approved e-file providers.
It's also possible to send this form through the mail to the IRS.
