Welcome to Express Tax-Exempt, the market leaders for filing your IRS 990 forms. Form 990-PF is a member of the 990 series, which are filed by certain tax-exempt organizations. These forms are used to calculate the taxable income of private foundations based on investment income and report their charitable distributions and activities to the IRS. Form 990-PF is due on the 15th day of the fifth month after the end of your tax year. After registering your Express Tax-Exempt account, proceed to verify and edit the details of your organization before filing. You will then choose the appropriate tax year calendar or fiscal year as per your organization's accounting period. Afterwards, select your organization's year of formation and check if your organization is a foreign corporation on the next page. Specify the tax-exempt status of your organization based on its type. Then, select the accounting method followed by the organization and review the summarized information of your organization. Make sure that all the information displayed on the screen is accurate before filing. Please note that some parts of the form listed below do not apply to some filers. Part 1 of Form 990-PF is an analysis of revenue, operating, and administrative expenses. Complete all sections of Part 1 as accurately as possible so that your organization can garner financial support and continue to fulfill its mandate. Part 2 of Form 990-PF, the balance sheet, summarizes the Foundation's assets and liabilities. All foundations with at least $5,000 in assets for books at some time during the tax year must complete Part 2. Part 3 of Form 990-PF can be completed in the "Changes in Net Assets or Fund Balances" tab of the balance sheet section. All foundations must add the details of transactions that show an increase or decrease in the balances of the net assets...
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Video instructions and help with filling out and completing 990 Schedule B Requirements
