Exempt Organizations Advisory - IRS Publishes Schedule R Filing Tips for Related Organizations

Catherine W. Wilkinson (cwilkinson@steptoe.com)
Suzanne Ross McDowell (smcdowell@steptoe.com)

On August 6, the IRS published Form 990 Filing Tips and Frequently Asked Questions pertaining to reporting of arrangements between a filing organization and its related organizations, including disregarded entities, exempt organizations, partnerships, trusts, and corporations.  Schedule R, Related Organizations and Unrelated Partnerships, is used to identify, and provide certain information regarding, related organizations and certain unrelated partnerships.  The FAQs and Tips address reporting for related organizations as well as reporting requirements for group returns.

The IRS periodically publishes FAQs on the Revised Form 990 in order to help tax-exempt organizations and tax practitioners as they file the redesigned form.  The FAQs were developed from actual questions the IRS has received.  Click here for a list of the Form 990 Filing Tips Archive.