Instructions for IRS Form 990-EZ Short Form Return of Organization Exempt From Income Tax

IRS Form 990 (990-EZ) Schedule O Supplemental Information to Form 990 or 990-ez

This document contains official instructions for IRS Form 990-EZ , Short Form Return of Organization Exempt From Income Tax - 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 (990-EZ) Schedule O is available for download through this link.

FAQ

Q: What is the IRS Form 990-EZ?
A: The IRS Form 990-EZ is a shorter version of the Form 990 that certain tax-exempt organizations use to report information about their finances and activities.

Q: Who can use Form 990-EZ?
A: Only organizations that have annual gross receipts of less than $200,000 and total assets of less than $500,000 can use Form 990-EZ. Larger organizations must file the longer Form 990.

Q: What information needs to be reported on Form 990-EZ?
A: Form 990-EZ requires organizations to provide details about their revenue, expenses, assets, and activities, as well as information about their governance, programs, and compliance with tax regulations.

Q: When is Form 990-EZ due?
A: Form 990-EZ is generally due on the 15th day of the 5th month after the organization's fiscal year ends. For example, if the fiscal year ends on December 31, the form is due by May 15.

Q: Are there any penalties for failing to file Form 990-EZ?
A: Yes, organizations that fail to file Form 990-EZ on time may be subject to penalties imposed by the IRS. The penalties can range from monetary fines to loss of tax-exempt status.