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990-EZ
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Bethynp
Level 3
09-15-2021
10:42 AM
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Hello Tax Preparers
I'm working on a 990-EZ, which I don't do often. I'm stuck on Schedule B as none of the contributors who gave over $5,000 are individuals. All are corporate donations.
Was I supposed to list those as "other revenue" on line 8 in part 1 rather than as "contributions" on line 1? The real issue is that if I list all the corporate donations on Schedule B, which are all over $5,000, column D there asks if the contributor is a Person, Payroll or Noncash and it is none of those so I get a diagnostic if I leave it blank.
Anyone have any ideas? I thank you all in advance for any help. I know this is on extension until November 15th, but I'm trying to clear my backlog! As I'm sure many of you are doing too!
Beth
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sjrcpa
Level 15
09-15-2021
11:41 AM
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Corporations are people, too. Citizens United.
The more I know, the more I don't know.
Bethynp
Level 3
09-15-2021
03:13 PM
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Thank you. I will mark all as "Person." It's been long time since I've completed one of these.
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