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Form IRS-990 MS: What You Should Know

Tax-Exempt Organizations (Tens) of any size are eligible to apply for tax-exempt status. Organizations that qualify as tax-exempt under IRC Sections 501(c)(3), 501(c)(4), 501(c)(6), and 501(c)(19) are typically required to file a Form 990-EZ. Additional links to tax-exempt information, including: — IRS Form 990-EZ & Exempt Organization Information — Revenue Procedure 2016-11 — Guide for Form 990-EZ (PDF) IRS Requirements for Tax-Exempt Organizations Internal Revenue Code, section 4942, exempts churches and other tax-exempt organizations from the withholding tax on their gross income. However, the organization may still be subject to the separate tax on unrelated business income. IRS Requirements for Organizations With a Permit Required to Exempt from Income Tax Certain organizations with tax-exempt status must receive written authorization from their state organization tax division prior to applying for tax-exempt status in an IRS exempt status. The application must be signed and affirmed by a state organization tax officer. The authorization cannot be based on another governmental unit's form of written approval. This document is used to demonstrate the IRS' approval of the organization's tax-exempt status. The authorization also must indicate the extent of government funding and the type of support provided by the applicant organization. It indicates, for example, that the applicant organization has received financial support from the federal, state, or local government, from a local or state government fund, from a federal, state, or local nonprofit agency, or from a private individual or corporation. This document is used to identify whether the organization has met all the tax-exempt requirements of its exempt status application. IRS Form 990 with Authorizations (PDF) Authorizations can be received by faxing. The IRS will return the authorization forms with the returns for the organization the next business day. Form 990-EZ Reporting and Record keeping Requirements The Form 990-EZ is used to report and pay tax on contributions for the calendar year. Form 990-EZ may be sent either to the Internal Revenue Service or sent to each state organization tax division. All Forms 990-EZ must be filed by the end of the fifth calendar year from the first reporting year. The IRS also publishes Forms 990-EZ for state organization tax divisions.

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