Freed Maxick Blog Form 990 Best Practices | Nonprofit Tax Preparation | MAXIS| Not-for-Profit Accounting | Freed Maxick

Five ideas for making the nonprofit tax preparation process easier Not-for-profit organizations with federal tax-exempt status must file Form 990 with the IRS each year. This form requests information about an organization’s operations, management, revenue, and expenses. This information is necessary for an organization’s tax-exempt status to continue. Some states may require their own similar annual returns, but the requirements for Form 990 are consistent throughout the country.