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If the corporations total receipts for the tax year AND total assets at the end of the tax year less than $250,000, Schedules L and M-1 are not required.
The 990-EZ is considered the short-form return (as compared to the full Form 990), although it is more in-depth than the e-postcard, or 990-N. This four-page return is required of organizations with annual gross receipts between $50,000 and $200,000.
Schedule L is only used by taxpayers who are increasing their standard deduction by reporting state or local real estate taxes, taxes from the purchase of a new motor vehicle, or from a net disaster loss reported on Form 4684.
Form 990 is intended to provide the government and interested members of the public with a snapshot of the organizations activities for that year. Its possible that some donors may base their gifting decisions on what they can discern from Form 990.
Use Form 1120-S to report the income, gains, losses, deductions, credits, etc., of a domestic corporation or other entity for any tax year covered by an election to be an S corporation.
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Form 990 provides the public with financial information about a nonprofit organization, while Form 990-T is a form that a tax-exempt organization files with the IRS to report its unrelated business income and to figure the tax owed on that income.
An organization eligible to submit Form 990-N can instead choose to file Form 990 or Form 990-EZ to satisfy its annual reporting requirement.
Schedule L (Form 990) is used by an organization that files Form 990 or 990-EZ to provide information on certain financial transactions or arrangements between the organization and disqualified person(s) under section 4958 or other interested persons.
The four most common 990 forms include: The full 990 form. 990-EZ. 990-N (e-Postcard) 990-PF.
Schedule L (Form 990) is used by an organization that files Form 990 or 990-EZ to provide information on certain financial transactions or arrangements between the organization and disqualified person(s) under section 4958 or other interested persons.

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