Fill 990 Schedule Rome 2023-2024

Welcome to my series of video tutorials on how to prepare Form 990-EZ, an information return for small tax-exempt organizations. I'm David McCree, a CPA, and you can find me on the web at myform990ez.com. Today, we're going to talk about the expenses section on page 1 of Form 990-EZ. Firstly, I want to remind you that what I'm telling you here is not intended to replace the instructions for the form. I can't include every detail, but I'll give you a basic working knowledge and maybe a few tips and tricks that may not be in the form instructions. Between line 10 and line 17, you'll find the section where you're going to identify your expenses. Unlike the full Form 990, the 990-EZ does not have separate categories for total expenses, program service expenses, management or administrative expenses, and fundraising expenses. Let's get started with line 10 - grants and similar amounts paid. Some of these grants need to be listed in Schedule O. This line is where you list grants paid to other organizations or individuals. For example, if you're making a grant to another nonprofit organization to help them with their program, you would put that here. Scholarships paid to individuals or colleges would also go here. If you paid a service provider, like a doctor, to treat an indigent person, that would go on line 10 since it's a grant for the benefit of a person. Any payments or grants to affiliates, such as state or national organizations to which you remit dues payments or other annual payments, would also go on line 10. However, do not put dues paid to unrelated organizations on line 10. Those should be listed on line 16 as other expenses. I mentioned earlier that some grants need to be itemized on Schedule O. If you have...