What is the purpose of a Schedule L in Form 990-EZ?
1.8k views |
Last modified 3/14/2023 8:37:56 AM EST |
Schedule L is used by an organization filing IRS Form 990-EZ to provide information on certain financial transactions or arrangements that occurred between an organization and disqualified person(s) under Section 4958 or other interested persons. It is also used to determine whether a member of the organization's governing body is an independent member of the annual information return.