Form 990-EZ

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Form 990-EZ is the short form return that organizations exempt from income tax, nonexempt charitable trusts and section 527 political organizations must file.

Form 990-EZ Requirements

To qualify to file Form 990-EZ, a nonprofit must meet the following criteria:

Your exempt organization may file Form 990-EZ if:

  • Your gross income of less than 50,000. You may also use form form 990N or form 990.
  • Your gross income of less than $200,000. You may also use the form 990EZ or form 990.
  • The total assets at hand should be less than $500,000.
  • That means that if your organization’s assets were more than $500,000 and your gross income was between $50,000 and $200,000, your organization will not qualify to file Form 990-EZ.

Form 990-EZ Due Date

The 990-EZ is due 4.5 months after an organization’s fiscal year end. This due date can be extended an additional 6 months by filing Form 8868 by the original due date of the return. Qualified organizations can either file by mail or file electronically, however, per the Taxpayer First Act Law (H.R. 3151) , they will be required to transition to electronic filing only.

Information Requested on Form 990-EZ

  • Income and expenses.
  • Balance sheet
  • Details on program accomplishments and costs involved
  • Information on current board members and their compensation.
  • Questions on conflict on of interest
  • Information on executives and their compensation.
  • Details on sources of income for the past 5 years or the durations of the nonprofit if in existence for less than 5 years.
  • Information on donors who gave $5,000 or more.
  • Do you have any questions about Form 990-EZ? Call us for a free consultation.