What is Form 990-T?
Form 990-T is filed by certain tax-exempt organizations to report their details of unrelated business income to the IRS.
Who must file Form 990-T?
Organizations who file their 990 series and also have unrelated business income greater than or equal to $1000 should file Form 990-T.
When is Form 990-T Due Date?
Form 990-T has two deadlines, depending upon the organization type they may file on their appropriate due date.
Tax990 Enables Seamless 990-T E-Filing with Exclusive Features
Includes Supporting Forms
Tax 990 Includes supporting forms 4562, 4797, 1120 Schedule D, 1041 Schedule D, 1041 Schedule I, 8949, and 8995.
Our filing is Form-based, enabling you to enter the required data directly onto your Form 990-T.
Internal Audit Check
Identify any IRS instruction errors in your form before transmitting it to the IRS.
Tax 990 allows you to add your organization members for filing assistance and management.
Get Real-Time Updates
You can opt-in to receive email or text notifications regarding the IRS status of your 990 returns.
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Tax 990’s live support team is available to answer your questions via chat, email, or phone.
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How to file Form 990-T Electronically
Search for your EIN and import your organization’s details from the IRS directly. You can also manually enter those details.
Tax 990 supports Form 990-T filing for the current and previous tax years. Choose the applicable tax year, select Form 990-T, and proceed.
Using our Form-Based filing method, enter the required information on your Form 990-T.
You can review the form summary and edit details if required. You can also share your form with organization members for their review and approval.
Once reviewed, you can transmit the form to the IRS. After transmission, our system provides instant updates about your form's IRS status via email and text.
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Frequently Asked Questions about Tax Form 990-T
Form 990-T is an annual return used by certain tax-exempt organizations and nonprofits to report details regarding unrelated business
income to the IRS.
In addition to this, it’s also used for:
- Reporting proxy tax liability.
- Claiming the refund credit of taxes paid by a regulated investment company (RIC).
- Requesting a credit for certain federal excise taxes or small employer health insurance premiums paid.
Form 990-T due date depends upon the organization type:
- For Employees' trusts, defined in section 401(a), IRAs (including SEPs and SIMPLEs), Roth IRAs, Coverdell ESAs, or 408(a) (Archer MSAs), the due date to file Form 990-T is the 15th day of the 4th month after the organization’s accounting period ends.
- For other organizations, the deadline to file Form 990-T is the 15th day of the 5th month after the organization’s accounting period ends.
Not sure about your Organization’s 990-T deadline? Find out now.
Here’s the breakdown of Form 990-T:
- Part I - Total Unrelated Business Taxable Income
- Part II - Tax Computation
- Part III - Tax and Payments
- Part IV - Statements Regarding Certain Activities and Other Information
- Part V - Supplemental Information
Check out our step-by-step instructions to understand how to complete Form 990-T.
Organizations filing Form 990-T are required to attach Form 990-T Schedule A for reporting details on the unrelated businesses or trades
they have reported.
A separate Form 990-T Schedule A must be attached for each business or trade.
Yes! As per the Taxpayer Act of 2019, the IRS requires organizations to file Form 990-T electronically for tax years ending on or after December 2020.
Get Started with Tax990 and file your Form 990-T electronically with the IRS. Supports current (2022) and prior year filings (2021, 2020).
Organizations that fail to file Form 990-T on time may be subject to penalties equivalent to 5% of the unpaid tax for each month or part of a month that Form 990-T is late. The maximum penalty is 25% of the unpaid tax.
Form 990 is an IRS tax form that is filed by organizations with gross receipts value higher than or equal to $200,000 (or) total assets higher than or equal to $500,000 for their corresponding tax year should report their annual information with the IRS.
It depends on the unrelated business income generated by your organization. If your organization is required to file Form 990 and have an unrelated business income of $1000 or more, then you must file Form 990-T along with your 990 return.
UBTI stands for Unrelated Business Taxable Income. It is the income generated by tax-exempt organizations such as an IRA that have invested themselves in unrelated business activities to their tax-exempt purpose, subjecting them to income tax.
Generally, an income generated by tax-exempt organizations may qualify as Unrelated Business Taxable Income if: the income comes from a trade or business that is regularly carried on the income is not substantially related to the charitable, educational, or other purpose that is the basis of the organization's exemption.
The statute of limitations for Form 990-T, which is used to report unrelated business income by tax-exempt organizations, is typically three years from the date the return was filed or the due date of the return, whichever is later.
Yes, it depends upon the income generated by your organization. Form 990 is an annual return that you must file with the IRS to report your organization’s annual information.
However, it is possible to e-file both 990 forms and Form 990-T for the same organization. Even though the organization may file their 990 forms to report their annual information, they can also file form 990-T along with their 990 forms when they have unrelated business income.
Knowledge Base Q & A for E-Filing
- What is the purpose of Form 990-T?
- What are the penalties for filing Form 990-T late?
- Can Form 990-T be made available to the public?
- My organization changed its legal name. Is there any additional reporting to be done with Form 990-T?
- What information can I amend in a 990-T return?