Accounting Dictionary
Form 990
This is the tax form filed by non-profit organizations.
Many non-profit companies have to file this to prove they are using their donations for charitable purposes. Also some non-profit organizations have some income that is taxable. They would use this form to report and pay tax on their taxable income.
https://accounting.uworld.com/cpa-review/lc/accounting-dictionary/term/form-990/
Sign Up to Learn More!
Join our mailing list today to get notified of new discount offers, course updates, Roger CPA Review news, and more!