New Schedule A Features Just in Time For The May 15 Deadline

Organizations that operate on a calendar tax year (January - December) have a major tax filing deadline coming up on May 15th. If you have filed a Form 990 or Form 990-EZ before, you know that there are “Schedules” that are attached to your return which provides necessary additional information regarding your organization.

There are a total of 24 Schedules between Form 990 & 990-EZ; today we will focus on the most commonly filed Schedule (Schedule A) and its newly developed features with our sister product TaxBandits. Here’s what you need to know about new Schedule A features just in time for the May 15 deadline.

New Schedule A Features Just In Time For The May 15 Deadline

TaxBandits makes the e-filing process easier for all of our clients by automatically generating Schedule A once you provide answers to prompted questions when preparing your Form with our software.  

Well, we have talked about it enough, so let’s dive into the world of Schedule A. 

What is Schedule A?

Schedule A is used by tax-exempt organizations or any organization that files Form 990/990-EZ to provide information about its public charity status and public support. This Schedule allows your organization to explain its program services and give its mission statement or other descriptions of its charitable goals. 

Essentially, any non-profit that is supported by the public must file this Schedule along with their Form 990. 

Filing Schedule with TaxBandits

Filing Schedule A can be rather time-consuming and intimidating; but not when you easily file with TaxBandits! TaxBandits’ comprehensive software offers a simplified filing process that can be completed quickly, efficiently, and correctly the first time. 

When filing Schedule A with TaxBandits you can eliminate the guessing game of whether or not you passed or failed the public support test. Our built-in audit feature lets you know before you transmit. 

Other newly developed features now allow filers to simply enter contribution totals instead of individual contributions and determines the exact figures for Public Support based on answers provided to our prompted questions during the filing process. 

Best of all, current ExpressTaxExempt and TaxBandits users now have the ability to copy standard information from their previous year return to the current year; saving a great deal of time from the standard filing process.

As the big nonprofit Form 990 filing deadline quickly approaches on May 15th, take advantage of the convenient e-filing process that TaxBandits offers. Our newly developed features for filing Schedule A are sure to make your filing experience pleasant and stress-free.

Get a Head Start on Schedule A Today!

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Getting to Know Schedule A

Whether you’re new to the Form 990 Series or could do it with your eyes closed at this point (which, if you can, my hat’s off to you), it’s important to stay informed on exactly what you’re filing each year with the IRS. And if you’re filing a Form 990 or a Form 990-EZ, you’re probably filing a Schedule A along with it. But if you’re not 100% sure what Schedule A is all about, you might be hesitant to jump right in or may even wonder if it’s really the right thing for you (which, chances are, it is).

So what is Schedule A?

Think of Schedule A as the IRS just trying to get to know you better: So, what is it you do? Really? That sounds so interesting! How do you go about doing that? Well, do you have anyone helping you, you know, financially? Tell me about them in detail! What about your mission statement? Surely you’ve got a mission statement...I’d love to hear it!

That doesn’t sound so bad, does it?

Okay, so they’re kind of out there for just getting-to-know-you questions. The IRS comes on strong, but it means well. Maybe it’ll help to put you more at ease if you get to know a little bit more about Schedule A:

Schedule A is not the exclusive type; it’s used by all tax-exempt organizations recognized under 501(c)(3). But, rest assured that when you’re with it, it’s only got eyes for you. Schedule A is also every bit as nosy as it presents itself to be, requiring information about what type of organization you are, such as whether you’re classified as a government, educational, community, or grassroots organization. And before you can go all the way with it, it wants to know where you’ve been: who have you received support from and in what forms (grants, gifts, etc.)?

Just think of Schedule A as a very invasive first date. And, while that might not be your cup of tea, as the saying goes, you have to kiss a lot of frogs to get to a prince. The same applies here: you have to fill out a lot of information - Schedule A included - to maintain your organization’s tax-exempt status.

So if you have any questions about Schedule A, Form 990, or any of the other schedules, or just need a pep talk before jumping right into the date, consider Express990 your own personal support team. We’re here by phone (704-839-2321) and live chat (www.expresstaxexempt.com) Monday through Friday from 9 a.m. - 6 p.m. EST. We’re also available 24/7 through email at support@expresstaxexempt.com.

Now go get em, tiger!

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