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This version of the form is not currently in use and is provided for reference only. Download this version of
IRS Form 990 (990-EZ) Schedule L
for the current year.
IRS Form 990 (990-EZ) Schedule L Transactions With Interested Persons
What Is IRS Form 990 (990-EZ) Schedule L?
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. The document is a supplement to IRS Form 990, and IRS Form 990-EZ. Check the official IRS-issued instructions before completing and submitting the form.
FAQ
Q: What is the IRS Form 990?A: The IRS Form 990 is the annual information return that certain tax-exempt organizations in the United States must file with the Internal Revenue Service (IRS).
Q: What is the 990-EZ?A: The 990-EZ is a simplified version of the Form 990 and is used by smaller tax-exempt organizations with less than $200,000 in gross receipts and total assets of less than $500,000.
Q: What is Schedule L?A: Schedule L is a part of the IRS Form 990 (990-EZ) that requires tax-exempt organizations to report certain transactions they have had with interested persons during the tax year.
Q: Who are considered interested persons?A: Interested persons include officers, directors, trustees, key employees, and certain family members of these individuals.
Q: What kind of transactions should be reported on Schedule L?A: Transactions such as loans, grants, compensation arrangements, leases, sales of assets, and business relationships with interested persons should be reported on Schedule L.
Q: Why is reporting transactions with interested persons important?A: Reporting these transactions helps ensure transparency and prevent conflicts of interest within tax-exempt organizations.
Form Details:
- A 2-page form available for download in PDF;
- This form cannot be used to file taxes for the current year. Choose a more recent version to file for the current tax year;
- Editable, printable, and free;
- Fill out the form in our online filing application.
Download a fillable version of IRS Form 990 (990-EZ) Schedule L through the link below or browse more documents in our library of IRS Forms.
Download IRS Form 990 (990-EZ) Schedule L Transactions With Interested Persons
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