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Tax Update What's New? Form 990 & Other Oacubo Org

Tax Update What's New? Form 990 & Other Oacubo Org

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Michael I know that there's a lot of requirements um for the different Forum options available can you talk through the process when you get a phone call and a client's wondering specifically what Forum that they need to file how do you help that client so one of the first questions you usually ask is if they have a copy of their determination letter so that will let them know what forms are available to them and then we go into further on their grocery receipts or their total assets that they have um for the organization for the year that'll help for uh point in the right direction on whether they can file for the 990 in the 990 EZ or the 990 so for the organizations who are private foundations um their filing requirs are not based off their assets or their income it is based on what their designation is on their determination letter so a private Foundation files the 990 PF regardless of their financial status correct and the other organizations have the option

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