Form 990 Preparation for Nonprofit Organizations
CPA-led Form 990 preparation for nonprofit organizations in Louisville and throughout Kentucky. We help organizations prepare accurate, complete returns that clearly reflect their finances, programs, and governance.
Form 990 and 990-EZ
Preparation of annual information returns based on your organization’s filing requirements and financial activity.
Form 990 Preparation Services
Form 990 is more than an annual tax filing. It provides the IRS, donors, grantmakers, board members, and the public with information about a nonprofit’s finances, programs, governance, and operations. Commonwealth Accounting Services helps nonprofit organizations prepare complete and accurate Form 990 filings while making sure the return clearly reflects the organization’s financial story.
Financial Reporting
Review and organization of revenue, expenses, assets, liabilities, and functional expense classifications reported on the return.
Governance and Disclosures
Assistance with the governance, compensation, program service, and other disclosures required throughout Form 990.
Form 990-N
Generally available to small tax-exempt organizations whose annual gross receipts are normally $50,000 or less.
Who Needs to File Form 990?
Most tax-exempt organizations have an annual IRS filing requirement, but the form depends primarily on the organization’s gross receipts and total assets.
Form 990-EZ
Generally available to organizations with gross receipts of less than $200,000 and total assets of less than $500,000 at the end of the tax year.
Certain organizations have different filing requirements or exceptions, so the appropriate return should be determined based on the organization’s specific circumstances.
Form 990
Generally required when an organization has gross receipts of $200,000 or more or total assets of $500,000 or more.