Category

Form 990

Form 990-T

Purpose

Reports an organization’s activities and financial details to the IRS.

Reports Unrelated Business Income (UBI) earned by tax-exempt organizations.

Who Must File

Tax-exempt organizations

• Nonexempt charitable trusts
• Section 527 political organizations

Tax-exempt organizations with $1,000 or more in gross income from unrelated business activities.

Form Variants

Based on gross receipts, assets, and other factors, organizations may file:

• Form 990
• Form 990-EZ
• Form 990-N
• Form 990-PF

No variants, only one Form 990-T.

Filing Deadline

15th day of the 5th month after the end of the accounting period.

(e.g., May 15 for a calendar year filer)

• Employee trusts, IRAs, Roth IRAs, MSAs, etc.-- 15th day of the 4th month
• Other organizations–15th day of the 5th month

Additional Requirements

May require Schedules based on operations, financials, and activities.

May also require Schedules based on the nature and extent of unrelated business income.