Instructions for IRS Form 990 Schedule K Supplemental Information on Tax-Exempt Bonds

IRS Form 990 Schedule K Supplemental Information on Tax-Exempt Bonds

This document contains official instructions for IRS Form 990 Schedule K, Supplemental Information on Tax-Exempt Bonds - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 990 Schedule K is available for download through this link.

FAQ

Q: What is IRS Form 990 Schedule K?
A: IRS Form 990 Schedule K is a form that provides supplemental information on tax-exempt bonds.

Q: Who needs to file IRS Form 990 Schedule K?
A: Certain organizations that have issued tax-exempt bonds need to file IRS Form 990 Schedule K.

Q: What information does IRS Form 990 Schedule K require?
A: IRS Form 990 Schedule K requires information related to tax-exempt bonds, including details about their issuance and use.

Q: Why is IRS Form 990 Schedule K important?
A: IRS Form 990 Schedule K helps the IRS track the use of tax-exempt bonds and ensures compliance with the tax laws.

Q: When is the deadline to file IRS Form 990 Schedule K?
A: The deadline to file IRS Form 990 Schedule K is the same as the deadline for filing Form 990, which is the 15th day of the 5th month after the organization's fiscal year ends.

Q: Are there any penalties for not filing IRS Form 990 Schedule K?
A: Yes, there can be penalties for not filing IRS Form 990 Schedule K, including monetary fines and potential loss of tax-exempt status.

Q: Can I file IRS Form 990 Schedule K electronically?
A: Yes, you can file IRS Form 990 Schedule K electronically using the IRS's e-file system.

Q: Do I need to attach any additional documents with IRS Form 990 Schedule K?
A: In some cases, you may need to attach additional documents, such as financial statements or bond-related reports, with IRS Form 990 Schedule K.