990-EZ

[HOPE2]

Hi to all.

My question is about 990-EZ part IV List of officers in previous tax return:   it shows on column (b) Average hours per week devoted to position is Zero. I reviewed 990-EZ instruction it can be zero if applicable. What does it mean if applicable?

If officer devoted few hours should have a W-2?

Thanks for help!

[Jim-from-Ohio]

Were there actual wages paid?  The 990-EZs that I have done are all run by volunteers.. I show the # of hours worked, whcih is usualluy a small number, and I show zero for wages. 

[HOPE2]

Thanks@Jim

Also, as you know for under $250000 in 1120-S we can ignore for balance sheet how about 990-EZ?

Thanks for help!

[sjrcpa · Accepted solution]

Look at the 990-EZ. There is a "mini" balance sheet.

[abctax55]

As Susan says, it is there.  Page one, at the bottom.  And yes, it has to 'balance'.

[HOPE2]

Thanks@Jim-from-Ohio