Welcome to my series of video tutorials on how to prepare Form 990-EZ, the information return for small tax-exempt organizations. I'm David McCree, a CPA, and you can find me on the web at myform990ez.com. Okay, we are going to talk about the balance sheet on Form 990-EZ and how it works. As you can see, the balance sheet is very abbreviated on the 990-EZ. It's at the top of page two. You have cash, savings, and investments. You have land and buildings. You have other assets. Total assets. Total liabilities. And net assets on line 27. And that's it. That's the balance sheet. It's a rather odd arrangement. So the first thing we're going to do is just kind of set up the parameters for today. I'm going to assume that this balance sheet is the very first tax return that the organization has filed. In other words, it was just formed. This is the year it was formed in. And with an organization that has just been formed or it's its first year, its first tax return, your beginning of the year balances are all going to be zero. Okay, they're all going to be 0. Now, this is not the case if you've been in business for a year or two or more and you've been filing 990-Ends, the electronic postcard. And this is the first actual 990-EZ you've been required to file. In that case, you will have a beginning of the year balance from previous years, assuming that you've been having income and expenses and you have a bank account. But this assumes that this is actually the first year of operations. Okay, so you're always going to have zeroes in your beginning balance sheet. Now, I know some people say, "Well, you know, our balance sheet,...
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2017 Schedule O 990-ez Form: What You Should Know
Schedule O (for the 2024 calendar year) — IRS Organization Exempt From Income Tax Short Form Report A Form 990, Schedule O, or Form 990-EZ is provided to be used by those who wish to report their exempt organizational activities to the IRS. A completed 990-EZ is to be submitted to the IRS. If the form is completed on-line and submitted, email with the subject line: __________________ 10-17-17. The following is an example showing a standard 990-EZ for an organization reporting 150 million in gross proceeds for 2018. 990-EZ—March of Dimes (Check Box) The following is an example showing an alternate 990-EZ that could also be submitted. Alternate 990-EZ—March of Dimes (No Check Box) The following is an example showing a 1099-MISC form in addition to the 990-EZ. Form 1X-(MISC) 1099-MISC 990-EZ--March of Dimes (No check box) 990-EZ—March of Dimes (No check box) Form 990-B (Form 990) For more information, contact or download the Form 990-B (2017). Taxpayer Information return A 1040EZ, 1040EZ-EZ, 1040EZS, or Schedule SE may be filed if any of the following circumstances apply. 1. Failure to file the required information return with a TIN. 2. An error was entered on the required form or information return(s). 3. Any change in a taxpayer's TIN due to an administrative mistake. 4. For information about the 1094R, contact the Taxpayer Information Center (TIC) at, or visit their website at. 5. For tax years 2024 and prior, if a non-resident taxpayer fails to file a timely U.S. Return of Foreign Income (Form 3949), he or she will receive a return which will generally not be accepted for filing in non-U.S. locations.
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Video instructions and help with filling out and completing 2024 Schedule O Form 990-ez
