IRS Form 990-W 2018 Estimated Tax on Unrelated Business Taxable Income for Tax-Exempt Organizations

IRS Form EIB-SBA990-W, "Estimated Tax On Unrelated Business Taxable Income For Tax-exempt Organizations" is a tax form issued by the United States Internal Revenue Service. The latest version of the form was released in January 1, 2018. A up-to-date fillable EIB-SBA990-W Form in PDF is available for download below.

The "Estimated Tax On Unrelated Business Taxable Income For Tax-exempt Organizations" can be filed digitally and submitted online or printed out and sent to the IRS mailing address.

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990-W
Estimated Tax on Unrelated Business Taxable
OMB No. 1545-0976
Income for Tax-Exempt Organizations
Form
(and on Investment Income for Private Foundations)
2018
(Worksheet)
Go to www.irs.gov/F990W for instructions and the latest information.
Department of the Treasury
Keep for your records. Do not send to the Internal Revenue Service.
Internal Revenue Service
1
Unrelated business taxable income expected in the tax year .
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1
2
Tax on the amount on line 1. See instructions for tax computation
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3
Alternative minimum tax for trusts. See instructions .
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3
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Total. Add lines 2 and 3 .
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4
5
5
Estimated tax credits. See instructions .
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6
Subtract line 5 from line 4
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Other taxes. See instructions
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Total. Add lines 6 and 7 .
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9
Credit for federal tax paid on fuels. See instructions .
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9
10 a Subtract line 9 from line 8. Note: If less than $500, the organization is
not required to make estimated tax payments. Private foundations, see
instructions .
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10a
b Enter the tax shown on the 2017 return. See instructions. Caution: If
zero or the tax year was for less than 12 months, skip this line and
enter the amount from line 10a on line 10c .
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10b
c 2018 Estimated Tax. Enter the smaller of line 10a or line 10b. If the organization is required to
skip line 10b, enter the amount from line 10a on line 10c
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10c
(a)
(b)
(c)
(d)
11
Installment
due
dates.
See
instructions .
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11
12
Required
installments.
Enter
25% of line 10c in columns (a)
through (d). But see instructions
if
the
organization
uses
the
annualized
income
installment
method, the adjusted seasonal
installment method, or is a “large
organization.”
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12
13
2017
Overpayment.
See
instructions .
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13
14
Payment due (Subtract line 13
from line 12) .
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14
990-W
For Paperwork Reduction Act Notice, see instructions.
Form
(2018)
Cat. No. 63726T
990-W
Estimated Tax on Unrelated Business Taxable
OMB No. 1545-0976
Income for Tax-Exempt Organizations
Form
(and on Investment Income for Private Foundations)
2018
(Worksheet)
Go to www.irs.gov/F990W for instructions and the latest information.
Department of the Treasury
Keep for your records. Do not send to the Internal Revenue Service.
Internal Revenue Service
1
Unrelated business taxable income expected in the tax year .
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1
2
Tax on the amount on line 1. See instructions for tax computation
2
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3
Alternative minimum tax for trusts. See instructions .
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3
4
Total. Add lines 2 and 3 .
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4
5
5
Estimated tax credits. See instructions .
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6
Subtract line 5 from line 4
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6
7
7
Other taxes. See instructions
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8
Total. Add lines 6 and 7 .
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8
9
Credit for federal tax paid on fuels. See instructions .
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9
10 a Subtract line 9 from line 8. Note: If less than $500, the organization is
not required to make estimated tax payments. Private foundations, see
instructions .
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10a
b Enter the tax shown on the 2017 return. See instructions. Caution: If
zero or the tax year was for less than 12 months, skip this line and
enter the amount from line 10a on line 10c .
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10b
c 2018 Estimated Tax. Enter the smaller of line 10a or line 10b. If the organization is required to
skip line 10b, enter the amount from line 10a on line 10c
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10c
(a)
(b)
(c)
(d)
11
Installment
due
dates.
See
instructions .
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11
12
Required
installments.
Enter
25% of line 10c in columns (a)
through (d). But see instructions
if
the
organization
uses
the
annualized
income
installment
method, the adjusted seasonal
installment method, or is a “large
organization.”
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12
13
2017
Overpayment.
See
instructions .
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13
14
Payment due (Subtract line 13
from line 12) .
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14
990-W
For Paperwork Reduction Act Notice, see instructions.
Form
(2018)
Cat. No. 63726T
2
Page
Form 990-W (Worksheet) 2018
Schedule A
Required Installments Using the Annualized Income Installment Method and/or the Adjusted
Seasonal Installment Method Under Section 6655(e)
Note: See the instructions for Schedule A. An organization that expects its income to vary during the year may want to
complete Schedule A to determine whether it may be able to lower the amount of one or more required installments.
Complete each column of this schedule in its entirety before going to the next column.
(a)
(b)
(c)
(d)
Part I—Annualized Income Installment Method
First
First
First
First
months
months
months
months
1
Annualization period. See instructions.
1
2
Enter taxable income for each annualization period. See
instructions for the treatment of extraordinary items.
2
3
Annualization amounts. See instructions.
3
4a Annualized taxable income. Multiply line 2 by line 3.
4a
b Extraordinary items. See instructions.
4b
c Add lines 4a and 4b.
4c
5
Figure the tax on the amount in each column on line 4c in
the same manner as you figured Form 990-W, line 2.
5
6
Enter alternative minimum tax and other taxes for each
annualization period. See instructions.
6
7
7
Total tax. Add lines 5 and 6.
8
For each period, enter the same type of credits as allowed
on Form 990-W, lines 5 and 9. See instructions.
8
9
Total tax after credits. Subtract line 8 from line 7. If zero or
less, enter -0-.
9
10
Applicable percentage
10
11
Multiply line 9 by line 10.
11
12
Total of all preceding columns of line 40. See instructions.
12
13
Annualized income installments. Subtract line 12 from
line 11. If zero or less, enter -0-.
13
Part II—Adjusted Seasonal Installment Method
Caution:
Use this method only if the base period percentage for any 6 consecutive months is at least 70%. See the instructions for
(a)
(b)
(c)
(d)
Schedule A, Part II, for more information.
First 3
First 5
First 8
First 11
months
months
months
months
14
Enter taxable income for the following periods.
a Tax year beginning in 2015
14a
b Tax year beginning in 2016
14b
c Tax year beginning in 2017
14c
15
Enter taxable income for each period for the tax year
beginning in 2018. See instructions for the treatment of
extraordinary items.
15
First 4*
First 6
First 9
Entire year
months
months
months
16
Enter taxable income for the following periods.
a Tax year beginning in 2015
16a
b Tax year beginning in 2016
16b
c Tax year beginning in 2017
16c
990-W
*First 5 months for private foundations
Form
(2018)
3
Page
Form 990-W (Worksheet) 2018
(a)
(b)
(c)
(d)
First 4
First 6
First 9
Entire year
months
months
months
17
Divide the amount in each column on line 14a by the amount
on line 16a, column (d).
17
18
Divide the amount in each column on line 14b by the amount
on line 16b, column (d).
18
19
Divide the amount in each column on line 14c by the amount
on line 16c, column (d).
19
20
20
Add lines 17 through 19.
21
Divide line 20 by 3.0.
21
22a Divide line 15 by line 21.
22a
b Extraordinary items. See instructions.
22b
c Add lines 22a and 22b.
22c
23
Figure the tax on the amount on line 22c in the same manner
as figured on Form 990-W, line 2.
23
24
Divide the amount on line 16a, columns (a) through (c) by the
amount on line 16a, column (d).
24
25
Divide the amount on line 16b, columns (a) through (c) by the
amount on line 16b, column (d).
25
26
Divide the amount on line 16c, columns (a) through (c) by the
amount on line 16c, column (d).
26
27
Add lines 24 through 26.
27
28
28
Divide line 27 by 3.0.
29
Multiply line 23, columns (a) through (c) by line 28, columns
(a) through (c). In column (d), enter the amount from line 23,
column (d).
29
30
Enter any alternative minimum tax and other taxes for each
payment period. See instructions.
30
31
31
Total tax. Add lines 29 and 30.
32
For each period, enter the same type of credits as allowed
on Form 990-W, lines 5 and 9. See instructions.
32
33
Total tax after credits. Subtract line 32 from line 31. If zero or
less, enter -0-.
33
34
34
Total of all preceding columns of line 40. See instructions.
35
Adjusted seasonal installments. Subtract line 34 from line
33. If zero or less, enter -0-.
35
990-W
Form
(2018)
4
Page
Form 990-W (Worksheet) 2018
Part III—Required Installments
(a)
(b)
(c)
(d)
1st
2nd
3rd
4th
installment
installment
installment
installment
36
If only one of the earlier parts was completed, enter the
amounts in each column from line 13 or line 35. If both parts
were completed, enter the smaller of the amounts in each
36
column from line 13 or line 35.
37
Divide the amount on Form 990-W, line 10c, by 4.0 and
enter the result in each column.
37
38
Subtract line 40 of the preceding column from line 39 of the
preceding column and enter here.
38
39
39
Add lines 37 and 38.
40
Required installments. Enter the smaller of line 36 or line
39 here and on Form 990-W, line 12.
40
Federal Tax Deposits Must be Made by Electronic
Section references are to the Internal Revenue Code unless otherwise noted.
Funds Transfer
Future Developments
You must use electronic funds transfer to make all federal deposits (such as
For the latest information about developments related to Form 990-W and its
deposits of estimated tax, employment tax, and excise tax). Generally,
instructions, such as legislation enacted after they were published, go to
electronic fund transfers are made using the Electronic Federal Tax Payment
www.irs.gov/Form990W.
System (EFTPS). If you don't want to use EFTPS, you can arrange for your
What's New
tax professional, financial institution, payroll service, or other trusted third
party to make deposits on your behalf. Also, you may arrange for your
Starting with tax years beginning in 2018, the tax rates have changed for
financial institution to initiate a same-day wire payment on your behalf.
corporations. The tax rate is 21%. See the 2018 Tax Computation for
EFTPS is a free service provided by the Department of Treasury. Services
Corporations in the instructions for Line 2—Corporations. Corporations,
provided by your tax professional, financial institution, payroll service, or
including members of a controlled group, will use the 2018 Tax Computation
other third party may have a fee. To get more information about EFTPS or to
for Corporations to determine the amount of tax to enter on line 2.
enroll in EFTPS, visit www.eftps.gov or call 1-800-555-4477. Additional
information about EFTPS is available in Pub. 966, Electronic Federal Tax
Starting with tax years beginning in 2018, corporations are no longer
Payment System A Guide to Getting Started.
subject to alternative minimum tax.
Deposits on business days only. If a deposit is required to be made on a
Starting with tax years beginning in 2018, the tax rates have changed for
day that isn't a business day, the deposit is considered timely if it is made by
trusts. See the 2018 Tax Rate Schedule for Trusts in the instructions for Line
the close of the next business day. A business day is any day other than a
2—Trusts.
Saturday, Sunday, or legal holiday. For example, if a deposit is required to be
Base erosion minimum tax is entered along with other taxes on line 7.
made on a Friday and Friday is a legal holiday, the deposit will be considered
timely if it is made by the following Monday (if that Monday is a business
General Instructions
day). The term “legal holiday” means any legal holiday in the District of
Columbia.
Phone Help
Refiguring Estimated Tax
If you have questions and/or need help completing this form, please call
If, after the organization figures and deposits estimated tax, it finds that its
1-877-829-5500. This toll-free telephone service is available Monday through
tax liability for the year will be more or less than originally estimated, it may
Friday.
have to refigure its required installments. If earlier installments were
Who Must Make Estimated Tax Payments
underpaid, the organization may owe a penalty for underpayment of
estimated tax.
Tax-exempt corporations, tax-exempt trusts, and domestic private
An immediate “catch-up” payment should be made to reduce the amount
foundations must make estimated tax payments if the total estimated tax for
of any penalty resulting from the underpayment of any earlier installments,
the tax year (Form 990-W, line 10a) is $500 or more. Use Form 990-W
whether caused by a change in estimate, failure to make a deposit, or a
(Worksheet) to figure the organization’s estimated tax liability for 2018.
mistake.
When To Make Estimated Tax Payments for 2018
Specific Instructions
For a calendar or fiscal year organization, the payments are due by the 15th
day of the 4th (the 5th month for private foundations), 6th, 9th, and 12th
Form 990-W (Worksheet)
months of the tax year. For a calendar year organization, the payments are due
by April 17, June 15, September 17, and December 17, 2018, except that for a
Private foundations. Private foundations required to make estimated tax
calendar year private foundation, the first payment is due on May 15.
payments for both the excise tax on net investment income and the
unrelated business income tax must use a separate worksheet Form 990-W
Underpayment of Estimated Tax
for each tax. Private foundations figuring the estimated tax payment for the
excise tax on net investment income should skip lines 1 through 9 of this
An organization that doesn't pay the estimated tax when due may be
worksheet. For information on figuring the excise tax on net investment
charged an underpayment penalty under section 6655, at a rate determined
under section 6621(a)(2).
income, see O. Figuring and Paying Estimated Tax under General
Instructions, in the Instructions for Form 990-PF.
Overpayment of Estimated Tax
All organizations. See Form 990-T, Exempt Organization Business Income
Tax Return, and its instructions for information on figuring unrelated business
A corporation that has overpaid its estimated tax may apply for a “quick
income, deductions, and credits for purposes of completing Form 990-W.
refund” if the overpayment is at least 10% of its estimated income tax liability
for the year and is at least $500. To apply, file Form 4466, Corporation
Proxy tax. For purposes of Form 990-W, the estimated tax doesn't include
Application for Quick Refund of Overpayment of Estimated Tax, after the end
the proxy tax imposed by section 6033(e).
of the tax year and before the corporation files its income tax return. For
Line 2—Corporations
more information, see the Instructions for Form 4466.
Generally, a corporation figures its tax on the amount on Form 990-W, line 1,
using the 2018 Tax Computation for Corporations worksheet shown below.
5
Page
Form 990-W (Worksheet) 2018
Line 9
2018 Tax Computation for Corporations
Complete Form 4136, Credit for Federal Tax Paid on Fuels, if the
1. Enter taxable income (Form 990-W, line 1) .
.
1
organization qualifies to take this credit. Also include on line 9 any credit the
2. Enter 21% (0.21) of line 1. Enter this amount on
organization is claiming under section 4682(g)(2) for taxes paid on chemicals
used as propellants in metered-dose inhalers.
Form 990-W, line 2 .
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2
Line 10a
Line 2—Trusts
Subtract line 9 from line 8. Private foundations figure the estimated tax by
Trusts exempt under section 501(a) and trusts that qualify under section
multiplying their estimated net investment income by the tax rate (1% (0.01)
401(a) are taxed at trust rates. A trust figures the tax on the amount on line 1
or 2% (0.02), whichever applies). Taxable private foundations and nonexempt
using the 2018 Tax Rate Schedule for Trusts (below). If you expect a net
charitable trusts treated as private foundations, see O. Figuring and Paying
long-term capital gain and a net capital gain, you may use the 2018 Tax
Estimated Tax and Part VI. Excise Tax Based on Investment Income (Section
Computation Worksheet Using Maximum Capital Gains Rates found in Form
4940(a), 4940(b), 4940(e), or 4948), in the Instructions for Form 990-PF, for
1041-ES.
help in figuring the estimated tax. Enter that amount on line 10a. See Form
990-PF, Part VI.
2018 Tax Rate Schedule for Trusts
Note: If less than $500, the organization isn't required to make estimated tax
If the amount on
payments.
Form 990-W,
Line 10b
line 1, is:
Of the
But not
Enter on
amount
Figure the organization's 2017 tax the same way you figured line 10a, using
Over—
over—
line 2:
over—
the taxes and credits from your 2017 tax return. If you didn't file a return
showing a liability for at least some amount of tax for the 2017 tax year, or if
$0.00
$2,550
10%
$0.00
your 2017 tax year was less than 12 months, don't complete this line.
2,550
9,150
$255 + 24%
2,550
Instead, enter the amount from line 10a on line 10c. “Large organizations”
9,150
12,500
1,839 + 35%
9,150
see the instructions for line 12 below.
------
12,500
3,011.50 + 37%
12,500
Line 11
Line 3
Calendar year taxpayers. Enter 4-17-2018 (5-15-2018 for private
foundations), 6-15-2018, 9-17-2018, and 12-17-2018, respectively, in
Alternative minimum tax (AMT) is generally the excess of tentative minimum
columns (a) through (d).
tax over regular tax. Trusts, see Schedule I (Form 1041), Alternative Minimum
Tax—Estates and Trusts.
Fiscal year taxpayers. Enter the 15th day of the 4th (5th for private
foundations), 6th, 9th, and 12th months of your tax year in columns (a)
Line 5
through (d).
The estimated tax credits include the sum of any credits allowable against
If any date falls on a Saturday, Sunday, or legal holiday, substitute the next
unrelated business income tax (except the credits reported on line 9). See
business day.
Form 990-T and its instructions for information on the credits that may be
Line 12
taken.
Line 7
Annualized income installment method and/or adjusted seasonal
installment method. If the organization’s income is expected to vary during
Other taxes include base erosion minimum tax and the sum of any
the year because, for example, it operates its business on a seasonal basis, it
recaptured tax credits. See Form 990-T and its instructions for information
may be able to lower the amount of one or more required installments by
on recapture of tax credits that must be included on this line.
using the annualized income installment method and/or the adjusted
seasonal installment method. For example, a shop operated by a museum,
which because of its location in an area frequented by tourists receives most
of its income during the summer months, may be able to benefit from using
one or both of these methods in figuring one or more of its required
installments.
To use one or both of these methods, complete Schedule A. If you use
Schedule A for any payment due date, you must use it for all payment due
dates. To arrive at the amount of each required installment, Schedule A
selects the smallest of: (a) the annualized income installment (if applicable),
(b) the adjusted seasonal installment (if applicable), or (c) the regular
installment under section 6655(d)(1) (increased by any reduction recapture
under section 6655(e)(1)(B)).
Large organization. A “large organization” is any tax-exempt corporation or
other organization subject to the tax on unrelated business income or any
private foundation subject to the section 4940 tax on net investment income,
that had, or whose predecessor had, taxable income (net investment income
for purposes of the section 4940 tax) of $1 million or more for any of the 3 tax
years immediately preceding the 2018 tax year, or if less, the number of
years the corporation has been in existence.

Download IRS Form 990-W 2018 Estimated Tax on Unrelated Business Taxable Income for Tax-Exempt Organizations

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