TN Form 990 (Schedule R) 2023-2024

TN Form 990 (Schedule R): What You Should Know

You must use a filing system that is compatible with Form 990 so that the information on Form 990 does not contain the information your organization is obligated to provide on Schedule O. An organization should file a Schedule R (Form 990) if it answered ‥Yes‡ to question 2 on the previous line of form 990, lines 34 through 44:  (a) If the organization was an affiliated organization, it was a related organization for federal tax purposes (i.e., a partnership, a limited liability company, a corporation organized under the laws of the United States or any State, or an estate, trust, or similar organization) at all times during the tax year because its members shared income, gains, losses, deduction amounts, credits, or other items of income, loss, deduction, credit, or property. (ii)  (b) If the organization was not an affiliated organization, it was not a related organization for federal tax purposes for each taxation year and all periods within each of those three preceding tax years, and the two preceding annual accounting periods. (iii) Schedule R (Form 990), Part IV, line 12, is used to provide information about the organization's related organizations. If an organization answered ‥Yes‡ to question 2 on these lines, it was treated for federal tax purposes for all the taxable years listed above (a), and it was not a related organization for that other period of time. For the purposes of this question, “for all the taxable years listed above” means for the taxation year that includes January 1. For any later tax year, that year is a period for which one or more of the following is true for the organization: 1.  The organization's membership consists of persons that are residents (or citizens and residents of the United States) under the laws of the United States or its Territories or possessions; 2.  The organization's membership consists of persons that are not residents (or citizens and residents of the United States) under the laws of the United States or its Territories or possessions; or 3.

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