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What information must be provided in the Schedule O while filing IRS Form 990-EZ?

The Schedule O in Form 990-EZ is generally used to provide the IRS with a lot of narrative information regarding the details of the form. This includes:

  • Descriptive information about the other revenue produced by the organization.
     
  • List of grants and the other similar amounts paid.
     
  • Descriptive information about the other expenses incurred by the organization.
     
  • Description of the changes in net assets or fund balances.
     
  • Descriptive information about the assets of the organization.
     
  • Description of the total liabilities of the organization.
     
  • Description of the program services conducted by the organization in previous years but hasn't been reported to the IRS.
     
  • Description of every important activity held by the organization that has not been reported to the IRS before.
     
  • Every change made in the amended Form 990-EZ.
     
  • Reason for not reporting any unrelated business whose gross income is $1000 or more to the IRS through Form 990-T.
     
  • Reason for not filing Form 720 to report payments regarding indoor tanning services during the year. 

The Schedule O will be generated automatically if required while filing your Form 990-EZ using the 'Interview-Based' filing in Tax990. The Schedule O will be made available to you depending upon the information you enter in your Form 990-EZ using the 'Form-Based' filing in Tax990.

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