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What Nonprofit Businesses Should Know About Form 990

December 29, 2022

Every year, nonprofits must file a 990 series return to stay compliant with the IRS. If you have never filed a 990 series return, you may have a few questions about the form.

This article tells you everything you need to know about Form 990.

What is Form 990?

Form 990 is an annual information return that must be filed by tax-exempt organizations, nonexempt charitable trusts, and section 527 political organizations. It is used to report the information required by section 6033, such as financial information, activities, and organization members’ details to the IRS.

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