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Schedule E (Form 990) is a document required by the IRS for organizations that operate private schools to report their compliance with racially nondiscriminatory policies. It includes questions regarding the school's policies, recordkeeping, and publicizing of these policies to ensure they do not discriminate based on race in admissions, scholarships, or employment. The document outlines specific requirements for maintaining records and certifying compliance with relevant regulations.

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What is the difference between Form 990 and 990-EZ?

Form 990-EZ, the IRS form required for midsized tax-exempt organizations with annual gross receipts between $50,000 and $200,000. Form 990, the IRS form required for larger tax-exempt organizations with annual gross receipts over $200,000 or total assets over $500,000.

What are the rules for filing a 990-EZ?

Form 990-EZ can be filed by organizations with gross receipts of less than $200,000 and total assets of less than $500,000 at the end of their tax year.

What is a 2020 Form 990-EZ Schedule O?

An organization should use Schedule O (Form 990 or 990-EZ), rather than separate attachments, to provide the IRS with narrative information required for responses to specific questions on Form 990 or 990-EZ, and to explain the organizations operations or responses to various questions.

What is Form 990-O?

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.

Is Schedule A required for 990-EZ?

All section 501(c)(3) or 4947(a)(1) organizations that file Form 990-EZ must complete fully and file Schedule A PDF. You must use the appropriate Schedule A for the tax period for which you are filing. Penalties may be assessed for failing to file the proper version of Schedule A for the tax period of the return.

What is a Schedule A for 990-EZ 2020?

Schedule A (Form 990 or 990-EZ) is used by an organization that files Form 990, Return of Organization Exempt From Income Tax, or Form 990-EZ, Short Form Return of Organization Exempt From Income Tax, to provide the required information about public charity status and public support.

What is Form 990-EZ used for?

Purpose of Form Form 990, Return of Organization Exempt From Income Tax, and Form 990-EZ are used by tax-exempt organizations, nonexempt charitable trusts (that are not treated as private foundations), and section 527 political organizations to provide the IRS with the information required by section 6033.

Who needs to file Schedule O?

Who must file Schedule O? All organizations that file Form 990 must submit Schedule O to provide additional information and explanations regarding their filing. Specifically, Schedule O allows organizations to: Explain and provide more details for responses to questions on Form 990 or 990-EZ.

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