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990 Handbook: A Line-by-Line Approach



990 Handbook: A Line-by-Line Approach

Jody Blazek

ISBN: 978-0-471-21670-4 March 2004 240 Pages


Hands-on guidance to help nonprofits through the tax filing maze

Forms 990 provide a wealth of financial and programmatic information to enable government regulators, funders, journalists, and the interested public to measure a nonprofit's performance. A copy of the forms must be provided to anyone who asks; charities' forms are now posted for public view on the Internet courtesy of These forms are the most widely used tools for evaluating tax-exempt organizations. Schools, health and welfare organizations, business leagues, civic associations, museums, parent groups, garden clubs, private foundations, and the myriad of other nonprofit organizations recognized under section 501 of the federal tax code must file this form annually. Clear, correct, and concise preparation of Forms 990-EZ, 990, 990-PF, and 990-T is important, not only as financial documents, but also as a means of communicating an organization's mission and accomplishment to the public.

Demystifying the Forms 990 for financial professionals and nonprofessionals alike, this user-friendly handbook walks you through the federal tax compliance process to assure maintenance of tax-exempt status. Blazek is widely recognized for her ability to translate complicated concepts into understandable language and explain the why and how Forms 990 should be prepared. In this book, readers will find:
* Comprehensive, fill-in forms with line-by-line instructions including a synopsis of applicable tax issues
* Explanation of consequences of answers that can have several consequences
* Suggestions for dealing with the IRS as an organization grows and changes
* Ways to maximize deductions in calculating tax due on unrelated business income
* Tips for successful navigation of the interactive parts of Form 990-PF and reducing excise tax


About the Author.

Tools, Concepts, Filing, and Reporting Requirements.

Successful Preparation of Form 990s and 990-EZ.

Form 990, Schedule A: For §501(c)(3) Organizations.

The Private Foundation Return.

Form 990-T: Exempt Organization Business Income Tax Return.

Successful IRS Comunication.