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 for tax-exempt organizations.

Q: Who needs to fill out IRS Form 990 Schedule K?
A: Tax-exempt organizations that have issued tax-exempt bonds or have outstanding tax-exempt bonds need to fill out 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 issued by the organization, such as the principal amount, bond type, issuer, and use of the bond proceeds.

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

Q: What happens if I don't file IRS Form 990 Schedule K?
A: Failure to file IRS Form 990 Schedule K can result in penalties imposed by the IRS.

Q: Are there any exceptions to filing IRS Form 990 Schedule K?
A: There are some exceptions to filing IRS Form 990 Schedule K, such as small organizations with total assets below a certain threshold and organizations that have no outstanding tax-exempt bonds.