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

What Is IRS Form 990 Schedule K?

This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. The document is a supplement to IRS Form 990, Return of Organization Exempt From Income Tax. As of today, no separate filing guidelines for the form are provided by the IRS.

FAQ

Q: What is IRS Form 990 Schedule K?
A: IRS Form 990 Schedule K is a supplemental form that provides information about tax-exempt bonds that a tax-exempt organization may have issued or used.

Q: Who needs to file IRS Form 990 Schedule K?
A: Tax-exempt organizations that have issued or used 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 about the tax-exempt bonds, such as the bond issuer, bond issue date, bond purpose, and bond proceeds.

Q: Is IRS Form 990 Schedule K publicly available?
A: Yes, IRS Form 990 Schedule K is a public document and can be accessed by anyone who wishes to review it.

Q: Are there any penalties for not filing IRS Form 990 Schedule K?
A: Yes, there may be penalties for not filing IRS Form 990 Schedule K. It is important for tax-exempt organizations to comply with all IRS filing requirements to avoid potential penalties.