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2022 4.3 Satisfied (30 Votes)
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Form 990 is a long form comprising 12 parts and and thus requires a lot of additional information, such as Statements of revenue, expenses, and reconciliations. Comparatively, Form 990-EZ is shorter, comprising just 6 parts, requires less information, and doesnt require detailed statements and reconciliations.
The instructions for IRS Form 990, the long form, are 103 pages long. IRS Form 990-EZ, its mid-range form, instructions are 48 pages long. IRS Form 990-PF, only for private foundations but required of all private foundations regardless of total revenue, instructions are 40 pages long.
In most instances, the time between filing Form 990s and posting them on Candids website is 5-7 months. We receive the latest Forms 990 from the IRS every few weeks and add them to our collection, accessible through our various databases.
Form 990 is the IRS primary tool for gathering information about tax-exempt organizations, educating organizations about tax law requirements and promoting compliance. Organizations also use the Form 990 to share information with the public about their programs.
A tax-exempt organization must file an annual information return or notice with the IRS, unless an exception applies. Annual information returns for most types of organizations include Form 990, Form 990-EZ or Form 990-PF. Small organizations may be eligible to file Form 990-N (e-Postcard), an annual notice.
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