Instructions to Form 990 were updated to explain the electronic filing requirement for tax years beginning on or after July 2, 2019.Due to the repeal of the qualified transportation fringe benefit tax under IRC Section 512(a)(7), references to unrelated business taxable income (UBTI) regarding IRC Section 512(a)(7) have been removed from the instructions.The annotated Form 990 includes a Table of Contents from which a reader can hyperlink to particular parts of the form and specific schedules and instructions.Ĭhanges to the 2019 federal Form 990, schedules and instructionsĪlthough most of the changes to the 2019 federal Form 990, schedules and instructions consist of minor clarifications and updates., changes of note include: These documents (which are attached) highlight and explain changes from tax year 2018. The annotated forms and instructions show what changes the IRS has made for tax year 2019. Due to the limited changes from 2018 to 2019, EY has not included annotations for the Form 990-PF or instructions. Form 990-T (Exempt Organization Business Income Tax Return), schedules and instructionsĮY has also included a summary of the 2019 Form 990-PF (Return of Private Foundation) updates below, highlighting the expected changes to the 2019 forms and instructions.
Form 990 (Return of Organization Exempt from Income Tax), schedules and instructions.EY-annotated Forms 990 and 990-T highlight changes to 2019 Forms 990, 990-T and 990-PF, schedules and instructionsĮY has prepared annotated versions of the following 2019 federal forms, schedules and instructions:
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