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IRS 990-EZ 2025 Illinois: What You Should Know

When you apply to be exempt from tax under theĀ  Internal Revenue Code, you must complete the Form 990-EZ. The purpose of the form is toĀ  give information about your organization and allow you to keep records that are needed to prepare your returnĀ  under the Internal Revenue Code. You are responsible for paying any taxes you owe on the payments you makeĀ  from the IRS after filing Form 990-EZ. You should have these financial records to give theĀ  IRS any information it needs to make required tax payments. All payments are due on IRS Form 1099-INT and IRS Form 1099-DIV due before the end of the 6-month period, if filing annually, that begins with theĀ  month the tax was due.

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