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 on July 18, 2019. 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 on tax-exempt bonds for tax-exempt organizations.

Q: Who needs to file IRS Form 990 Schedule K?
A: Tax-exempt organizations that have issued tax-exempt bonds or have outstanding tax-exempt bond debt may need to file IRS Form 990 Schedule K.

Q: What information is required on IRS Form 990 Schedule K?
A: IRS Form 990 Schedule K requires information about the tax-exempt bonds issued by the organization, such as the amount of bonds outstanding, the use of bond proceeds, and any arbitrage or rebate liabilities.

Q: What is the purpose of IRS Form 990 Schedule K?
A: The purpose of IRS Form 990 Schedule K is to provide transparency and accountability regarding the use of tax-exempt bonds by tax-exempt organizations.

Q: When is IRS Form 990 Schedule K due?
A: IRS Form 990 Schedule K is typically due on the same date as the organization's annual Form 990 filing, which is the 15th day of the 5th month after the end of the organization's fiscal year.