This question asks the preparer to provide a narrative on the how the organization monitors and enforces compliance with its conflict of interest policy.
What is Part VI, Line 12c?
100
What is the highest tax rate on which your unrelated business income may be taxed on Form 990-T?
What is approximately 34%?
100
This code section is used to determine control for purposes of Schedule R.
What is 512(b)(13)?
100
This Federal Form is used to report contributions to foreign corporations.
What is Form 926?
100
This schedule is where you report the names and addresses of any donor who contributed more than $5,000 if you qualify under the general rule.
What is Schedule B?
200
Investment income is almost always reported as this type of income on Part VIII, Statement of Revenue.
What is excluded?
200
This form is attached to a 990-T to report depreciation.
What is Form 4562?
200
The public support percentage required on Schedule A to qualify as a public charity.
What is 33 1/3%?
200
If you own more than 10% of a foreign corporation, you must complete this form.
What is Form 5471?
200
This schedule is used to report detail about tax-exempt bonds
What is Schedule K?
300
Grants listed on Form 990, Part III and Schedule I, Parts II & III both need to tie to these lines on the Statement of Functional Expenses.
What are Part IX, Lines 1 & 2?
300
True/False: You are allowed to take a capital loss against your net income on the 990-T, Part I.
What is False.
300
This IRC code describes a membership organization.
What is 501(c)(6)?
300
This amount is the amount below which you are exempt from AMT tax.
What is $40,000?
300
This is the test that an organization must pass to maintain their tax-exempt status if they fail the 33 1/3 support test on Schedule A, Part II or Part III.
What is the facts and circumstances test?
400
This is the target percentage allocation of Program Service expense to Mgmt. & General and Fundraising expense that most organizations try to achieve.
What is 80%
400
A charitable contribution deduction is limited to this percentage of your taxable income without respect to the NOL deduction.
What is 10%
400
This percentage of contributions is reportable on Schedule B if you qualify under the special rule.
What is 2%?
400
The limit for a Section 179 deduction in 2013 is this amount.
What is $500,000?
400
This document is where you would look to find information on an organization's endowment which is reportable on Schedule D, Part V.
What is the organization's financial statements (or financial statement notes)?
500
These are the only two boxes that may be checked simultaneously for an interested persons position on Part VII.
What is Individual Trustee and Officer.
500
You are allowed to take this specific deduction on Line 27 to offset your advertising costs reported on Part 1, Line 11.
What are excess readership costs?
500
This IRC code section describes the type of organizations that an individual may donate to for a tax-deduction.
What is 170(b)(1)(a)?
500
This is the threshold for which we would report a loss transaction on Form 8886 (under 165).
What is $10,000,000 (for corporations)?
500
Schedule R, Part V, Line 2 is only required to be filled out when Line 35b is answered on Part IV. What other line on Schedule R would trigger detail reporting on Schedule R, Part V, Line 2?