Form 990-T (2023)

What is Form 990-T?

Form 990-T is a two-page addition to Form 990 that tax-exempt businesses fill out to declare miscellaneous income not directly related to their work. To complete it, you might need information from other tax documents, such as Forms 1041 or 965-A.

What do I need the IRS Form 990-T for?

• What is Form 990 T used for? Tax-exempt companies should use this form to report non-business income to the IRS and calculate related tax liabilities.
• According to the Form 990 T instructions, such companies include charitable, public, and religious organizations, private foundations, and other nonprofits that meet the requirements of Section 501(c)(3).
• At the same time, the gross income of such organizations should be more than $1000 per year. If it is less, there is no need to complete IRS Forms 990 T.

How to Fill Out The 990-T Form?

Step 1: Enter the company name, address, EIN, status/section, organization type, and the number of Schedules A to be submitted with this form.

Step 2: Start calculating unrelated business income according to the Form 990-T instructions. List your income, future savings, losses, contributions, etc., to get total taxable profit.

Step 3: Now, you need to determine the tax amount. Follow the included instructions for Form 990 T, so you don't miss any details.

Step 4: Enter information about business credits, adjustments, tax deposits, overpayments, etc. You will find this data in your other business forms.

Step 5: Answer a few questions about your activities during the year.

Step 6: Put your signature and date on the document. Be sure to attach other required forms before submitting.

Organizations that work with 990-T Form

• IRS

Related to Form 990-T Documents

• Form 990-W
• 4868 Form Online
• Form 1042 S IRS
• 7004 IRS Form
• IRS Form 8813