Fill Form 990 Schedule H Instructions 2023-2024

This looks like fun doesn't it well this is IRS Form 990 the long version 12 sections plus up to 16 sub schedules definitely not DIY material and if your nonprofit is required to file it it's a pretty big deal form 990 is a beast there's hardly another tax return out there that requires as much information unless you start getting into publicly traded or multinational companies and virtually no for-profit company with as little as two hundred thousand dollars in gross revenue would ever have to disclose this much information but that's the cost of transparency in order to operate tax-free and receive donations from the public the IRS requires complete disclosure so what is form 990 the long form well it's an annual information return like the other ones we've talked about and it includes all the information that would have to be filed on the form 990-n or the 990-ez program details board members yes no explain type questions those are very similar to what you see on the form 990-ez just in more detail there's more pages in this return now here's where things get a lot more difficult with this versus the 990-ez when it comes to reporting expenses the IRS isn't content just to know what categories they also want to know by class so for example they want to know if you had travel expenses not only how much did you spend on travel but how much did you spend on travel with regard to your program expenses how much was administrative how much was travel and related to fundraising so program related expenses admin expenses and fundraising expenses are three classes that each category of expense has to be broken down into and a lot of these answers to the es...