Get Irs 990 - Schedule J 2016

The IRS 990 - Schedule J is an essential form for organizations to report compensation information for certain officers, directors, trustees, key employees, and highest compensated employees. This guide will provide clear, step-by-step instructions on how to fill out Schedule J online, ensuring compliance and accuracy in your reporting.

Follow the steps to complete the IRS 990 - Schedule J online

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Start with Part I, where you will provide compensation information. Ensure the organization answered ‘Yes’ on Form 990, Part IV, line 23, to complete this section.
3. For line 1a, check the appropriate box(es) if the organization provided any specified benefits to individuals listed on Form 990, Part VII, Section A, line 1a. Complete Part III if any boxes are checked.
4. Answer line 1b regarding the organization’s adherence to a written policy for payment or reimbursement for the checked expenses. If ‘No,’ complete Part III to explain.
5. For line 2, indicate if the organization required substantiation prior to reimbursing expenses for directors, trustees, and officers.
6. On line 3, indicate which methods were used to establish the compensation of the organization’s CEO/Executive Director by checking all applicable boxes. Do not include methods used by related organizations.
7. Lines 4a to 4c require reporting if anyone listed received severance payments, participated in retirement plans, or received equity-based compensation. Provide details in Part III if applicable.
8. Complete lines 5 and 6 only if the organization is a 501(c)(3), 501(c)(4), or 501(c)(29). Report any compensation contingent on organization revenues or net earnings.
9. For line 7, indicate if any non-fixed payments were provided. Describe any in Part III.
10. On line 8, check if amounts reported were under an initial contract exception and describe in Part III. Line 9 pertains to the Paperwork Reduction Act Notice.
11. Proceed to Part II, where you will report detailed compensation breakdowns for individuals listed, making sure amounts match Form 990 totals.
12. Finally, in Part III, provide any supplemental information, explanations, or descriptions as required for all relevant lines.
13. Once completed, users can save changes, download, print, or share the form as necessary.

Complete your IRS 990 - Schedule J online to ensure accurate reporting and compliance.