Welcome Guest. Register Now!  


For 2009 Tips for tax year 2009


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 08-07-2009, 08:37 PM
Samatg's Avatar
Administrator
 
Join Date: Jan 2007
Posts: 291
Post Form 990 Filing Tips & FAQs: Related Organizations

These frequently asked questions and tips address various questions pertaining to Form 990 reporting of arrangements between a filing organization and its related organizations, including disregarded entities, exempt organizations, partnerships, trusts, and corporations. Schedule R, Related Organizations and Unrelated Partnerships , is used to identify, and provide certain information regarding, related organizations and certain unrelated partnerships. These FAQs and Tips also address the general reporting requirements for group returns.
  1. Schedule R requires certain information reporting regarding related organizations. What are related organizations for purposes of Schedule R?
  2. How is control defined for nonprofit organizations and organizations without owners or persons with beneficial interests?
  3. How is control defined for stock corporations or other organizations with owners or persons with beneficial interests?
  4. What information about a related organization is required to be reported on Schedule R?
  5. Schedule R, Part V also requires reporting of transactions between the filing organization and its related organizations. Do all transactions between the filing organization and its related organizations have to be reported?
  6. What is the difference between a related organization and a controlled entity for purposes of Schedule R? Why does the IRS require certain transactions between the filing organization and a controlled entity to be reported on the schedule, even if the transaction amount is less than the reporting thresholds applicable to other transactions with related organizations?
  7. Besides Schedule R, what are some other examples of other parts of the Form 990 and schedules that require the filing organization to provide information regarding certain of its related organizations?
    Why does Part VI of Schedule R require information regarding certain partnerships even though they are not related organizations? [
  8. When is the filing organization required to treat the activities of a related organization as its own activities for Form 990 reporting purposes?
  9. When is the filing organization required to treat the activities of a related organization as its own activities for Form 990 reporting purposes?
  10. Should a filing organization report on Schedule R other organizations in which it has an indirect ownership interest, such as second and third tier subsidiaries?
  11. What are the related organization reporting requirements for organizations filing group returns?
  12. What are the related organization reporting requirements for organizations filing Form 990-EZ?
View and print all Schedule R tips (Adobe).

Additional informationSource: irs.gov



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Tips to avoid an IRS audit for 1040 form filer TaxGuru For 2009 3 01-23-2010 11:26 PM
Last Minute Tax Payment and Tax Filing Tips TaxGuru For 2008 0 04-06-2008 11:19 PM
Are there exceptions to filing Form 990? sarah Non-Profit Organisation 2 03-05-2008 06:48 PM
Last Minuite Tax Filing Tips For 2006 Tax Return: TaxGuru Filing Requirements 0 04-11-2007 10:18 AM
Last Minute Payment and Filing Tips Samatg General 0 04-03-2007 02:15 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.