Understanding IRS Form 990: Return of Organization Exempt From Income Tax
07/26/2026
1. Introduction – What is Form 990? IRS Form 990, officially titled “Return of Organization Exempt From Income Tax,” is the primary annual information return required by the Internal Revenue Service (IRS), an agency of the U.S. Department of the Treasury. It is used by tax-exempt organizations, charities, non-profit corporations, and trusts operating under Internal
Understanding Schedule L (Form 990 or 990-EZ): Transactions With Interested Persons
07/26/2026
1. Introduction – What is Schedule L (Form 990 or 990-EZ)? Schedule L (Form 990 or 990-EZ), officially titled “Transactions With Interested Persons,” is a mandatory compliance schedule administered by the Internal Revenue Service (IRS), an agency of the U.S. Department of the Treasury. It is an annual attachment to Form 990 or Form 990-EZ.
Understanding Schedule E (Form 990 or 990-EZ): Schools & Racial Nondiscrimination Rules
07/26/2026
1. Introduction – What is Schedule E (Form 990 or 990-EZ)? Schedule E (Form 990 or 990-EZ), officially titled “Schools,” is a mandatory federal compliance schedule administered by the Internal Revenue Service (IRS), an agency of the U.S. Department of the Treasury. It is an annual attachment to Form 990 or Form 990-EZ. Schedule E
Understanding Schedule C (Form 990 or 990-EZ): Political Campaign and Lobbying Activities
07/26/2026
1. Introduction – What is Schedule C (Form 990 or 990-EZ)? Schedule C (Form 990 or 990-EZ), officially titled “Political Campaign and Lobbying Activities,” is a specialized federal tax schedule administered by the Internal Revenue Service (IRS), an agency of the U.S. Department of the Treasury. It is an annual attachment to Form 990 or
Understanding Schedule C (Form 990 or 990-EZ): Political Campaign and Lobbying Activities
07/26/2026
1. Introduction – What is Schedule C (Form 990 or 990-EZ)? Schedule C (Form 990 or 990-EZ), officially titled “Political Campaign and Lobbying Activities,” is a specialized federal tax schedule administered by the Internal Revenue Service (IRS), an agency of the U.S. Department of the Treasury. It is an annual attachment to Form 990 or
Understanding Schedule A (Form 990 or 990-EZ): Public Charity Status and Public Support
07/26/2026
1. Introduction – What is Schedule A (Form 990 or 990-EZ)? Schedule A (Form 990 or 990-EZ), officially titled “Public Charity Status and Public Support,” is a mandatory federal tax schedule administered by the Internal Revenue Service (IRS), an agency of the U.S. Department of the Treasury. It is an annual attachment to Form 990
Understanding Schedule R (Form 990): Related Organizations and Unrelated Partnerships
07/26/2026
1. Introduction – What is Schedule R (Form 990)? Schedule R (Form 990), officially titled “Related Organizations and Unrelated Partnerships,” is a mandatory corporate compliance schedule administered by the Internal Revenue Service (IRS), an agency of the U.S. Department of the Treasury. It is an annual attachment to full Form 990. Tax-exempt non-profit organizations must
Understanding Schedule O (Form 990 or 990-EZ): Supplemental Information Guide
07/26/2026
1. Introduction – What is Schedule O (Form 990 or 990-EZ)? Schedule O (Form 990 or 990-EZ), officially titled “Supplemental Information to Form 990 or 990-EZ,” is an essential federal reporting schedule administered by the Internal Revenue Service (IRS), an agency of the U.S. Department of the Treasury. It is an annual narrative schedule attached
Understanding Schedule N (Form 990 or 990-EZ): Liquidation, Termination, or Asset Dispositions
07/26/2026
1. Introduction – What is Schedule N (Form 990 or 990-EZ)? Schedule N (Form 990 or 990-EZ), officially titled “Liquidation, Termination, Dissolution, or Significant Disposition of Assets,” is an official federal reporting schedule administered by the Internal Revenue Service (IRS), an agency of the U.S. Department of the Treasury. It is an annual attachment to
Understanding Schedule M (Form 990): Noncash Contributions Guide
07/26/2026
1. Introduction – What is Schedule M (Form 990)? Schedule M (Form 990), officially titled “Noncash Contributions,” is a specialized federal tax schedule administered by the Internal Revenue Service (IRS), an agency of the U.S. Department of the Treasury. It is an annual attachment to full Form 990. Tax-exempt non-profit organizations must complete Schedule M