Get Irs 990 Or 990-ez - Schedule L 2013-2025

Filling out the IRS 990 Or 990-EZ - Schedule L is essential for organizations to report transactions with interested persons. This guide provides a clear and comprehensive overview of how to accurately complete the form online.

Follow the steps to successfully complete Schedule L online.

1. Press the ‘Get Form’ button to access the IRS 990 Or 990-EZ - Schedule L form and open it in your chosen editor.
2. Enter the organization's name and employer identification number at the top of the form. Ensure all information is accurate to avoid delays.
3. Proceed to Part I and list transactions involving disqualified persons. You will need to provide the name, relationship, a description of the transaction, and the amount of tax incurred if applicable.
4. Move to Part II where you will detail loans to and from interested persons. Include the name of the interested person, the purpose of the loan, and the original principal amount alongside the current balance.
5. In Part III, document grants or assistance provided to interested persons. For each individual, specify their name, relationship, the amount, type of assistance, and the purpose.
6. Skip to Part IV if your organization had business transactions involving interested persons. Again, provide their names, relationships, the amount of transaction, and a description.
7. Finally, go to Part V to provide any supplemental information that may be necessary for clarity or response to previous questions. Make sure all information is relevant and accurately reported.
8. Once you have completed all sections, review the form for any errors or omissions. After ensuring accuracy, you can save changes, download, print, or share the completed form as required.

Complete your IRS 990 Or 990-EZ - Schedule L form online today for efficient document management.