Get 2014 Schedule O (form 990 Or 990-ez) - Internal Revenue Service

The 2014 Schedule O is an essential component of the Form 990 or 990-EZ submitted to the Internal Revenue Service. It provides additional information about the organization’s operations and financials, and completing it accurately is critical for compliance and transparency.

Follow the steps to successfully fill out the 2014 Schedule O online.

1. Press the ‘Get Form’ button to obtain the form and open it in your selected document viewer.
2. Begin with Part I, which pertains to the IRC Section 529 Qualified Tuition Program Contributions. Enter the beneficiary's name and Social Security number. Ensure that contributions by the taxpayer and spouse are clearly indicated.
3. In Line 1, list the names and Social Security numbers of each beneficiary for whom contributions have been made. Fill out the total amounts contributed on Line 2 for all beneficiaries.
4. Proceed to Part II, where you will document Other Deductions and Limitations. Line 3 requests Medical Savings Account contributions allowed for federal purposes—input the necessary figure.
5. On Line 4, indicate the Health Savings Account contributions allowed for federal purposes as well.
6. Add the totals from Lines 2, 3, and 4 together and record the total on Line 5.
7. Next, input the total income reported on PA-40 Line 9 for both the taxpayer and spouse separately on Line 6.
8. Determine the lesser amount from Line 5 or Line 6 for the taxpayer and spouse and document this on Line 7.
9. Finally, add the amounts from Line 7 for both taxpayer and spouse and enter the total on Line 8. This figure will also need to be recorded on Line 10 of your PA-40.
10. Once all sections are completed, you can save changes, download, print, or share the filled-out form as required.

Complete the 2014 Schedule O online to ensure accurate reporting and compliance with IRS requirements.