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IRS Form 990 Return of Organization Exempt From Income Tax | Lentax.co

Written by Jamie Williams | Jan 2, 2021 1:34:00 AM

What Is The Purpose Of This Form?

The forms helps tax-exempt organizations, nonexempt charitable trusts, and section 527 political organizations report on their activities and finances so that the IRS can make sure they are following the law. Members of the public rely on Form 990 or Form 990-EZ as their primary or sole source of information about the organization.

Form 990 must be filed by an organization exempt from income tax under section 501(a) (including an organization that hasn't applied for recognition of exemption) if it has either:

(1) gross receipts greater than or equal to $200,000 or
(2) total assets greater than or equal to $500,000 at the end of the tax year

What Are Latest Developments Relevant To Me?

Filing extension. The IRS has extended the deadline to file all series of Form 990. If the deadline for these actions fell on or after April 1, 2020, through July 14, 2020, the deadline has been extended to July 15, 2020. Learn more.

What Does The Form Look Like?

Showing only pages 1 and 2 for this form.

Reference:
IRS Form 990 Return of Organization Exempt From Income Tax