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What is the Schedule O supplemental information to the 990?

Schedule O allows the organizations to provide explanation or narrative information about their activities, programs, and financial status to the IRS that is not specifically mentioned on the 990-EZ Form. Schedule O is essential for organizations that completed Part V in the 990-EZ Form.

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.

What is Form 990 or 990-EZ?

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.

Can you switch from 990 to 990-EZ?

Because of the great differences between Forms 990 and 990-EZ, TaxSlayer Pro cannot change one to the other. If you have created one and wish to or need to switch to the other, you will need to delete the return and restart it using the correct form.

2022 form 990 schedule o

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