IRS Schedule O for Form 990 or 990-EZ is a supplemental document that provides additional information necessary for understanding the responses to specific questions posed on Form 990 or 990-EZ. This schedule is used by tax-exempt organizations, including charities and other nonprofits, to provide explanations and additional details that cannot be fully addressed in the limited space of the main forms.
Schedule O provides transparency by allowing organizations to describe their operations and governance practices in greater detail. This form can help explain the processes behind governance decisions, policies on conflicts of interest, compensation arrangements, and other aspects of an organization’s management that require detailed disclosure. Schedule O ensures that organizations provide a comprehensive narrative to support their answers on the main form, helping the IRS and the public understand the organization’s activities, policies, and compliance with tax-exempt status requirements.
Other IRS Forms for Charities and Nonprofits
There are some other related IRS forms that might be essential for your organization.
As Schedule O Form presents an officially used attachment and explains certain narrative questions that declarants need to respond to while completing Forms 990 and 990-EZ, the guide resolves itself to four directives.
Download Schedule O PDF Template
Generate and download the needed form using our PDF form-building software. You can tailor a needed number of Schedule O continuation sheets to cover all topics.
Specify the Business Name
Enter the company’s name on the line at the top of the template.
Submit the Business EIN
Here, you need to insert the company’s employer ID number assigned by the IRS.
Provide Explanation
Indicate the unit or line of paper 990 or 990-EZ you wish to clarify and recite the data on the blank lines. Ensure to answer the corresponding question in the 990 or 990-EZ report before you submit thorough information to Schedule O. Be consistent in narration and cover the 990 and 990-EZ units in the right order.
If you use more than one continuation sheet of the respected form, ensure to enter the name and EIN at the top of each page.
Schedule O doesn’t need any additional authorization. Once you complete the requested information, attach the form to your tax return 990 or 990-EZ and file the documents with the IRS.
