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Level 2
September 21, 2021
Question

Do you know how I can change an almost-complete 990 to a 990-EZ?

  • September 21, 2021
  • 1 reply
  • 3 views
The client qualifies to file a 990-EZ - $90k total revenue.  I tried entering a "1" under Misc. section, Form 990-EZ: 1-if applicable.
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1 reply

George4Tacks
Level 15
September 22, 2021

There must be something else making it not qualify. The software is automatically 990-EZ if appropriate. The entry you made was an Override [O] - which is generally not a good choice.

Form 990-EZ. If an organization has gross receipts less than
$200,000 and total assets at the end of the tax year less than
$500,000, it can choose to file Form 990-EZ, Short Form Return
of Organization Exempt From Income Tax, instead of Form 990.
See the Instructions for Form 990-EZ for more information. See
the special rules below regarding controlling organizations
under section 512(b)(13) and sponsoring organizations of
donor advised funds.

 Look carefully at the Informational Questions. 

 

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