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Prepare Form 990 returns by SurePrep

Follow these steps to prepare and process Form 990 by SurePrep:
Custom Binder
Domain needs to upload Form 990 binder as Custom Binder in Fileroom. Templates specifically related to this form are not available at the moment.
Notification
Notify SurePrep by sending an email to sp.form990@thomsonreuters.com
This helps the verification team know when a binder has been uploaded by a client and SurePrep needs to begin working on the binder. The verification team will start working on the binder once notified by the client.
Different types of Form 990
Currently, we have experience preparing Core Form – Form 990. But SurePrep can also prepare other types of Form 990 like Form 990-PF or Form 990-T. 
Form 990
  • Completing all the core parts of Form 990 which includes:
    • Statement of Program Service Accomplishments (Part III)
    • Checklist of Required Schedules (Part IV)
    • IRS Filings and Tax Compliance (Part V)
    • Governance, Management, and Disclosure (Part VI)
    • Compensation paid to Offices, Directors, Key Employees, etc. (Part VII)
    • Financial Information (Part VIII, Part IX, Part X, Part XI, and Part XII)
  • Completing different Schedules applicable to the organization
  • Preparing different workpapers as per the requirements of the client
Form 990-EZ
  • Completing all the Parts of Core Form 990-EZ which includes:
    • Financial Information (Part I and Part II)
    • All other parts of Core Form 990-EZ
  • Completing different Schedules applicable to the organization
  • Preparing different workpapers as per the requirements of the client
Form 990-PF
  • Completing all the Parts of Core Form 990-PF which includes different Parts like
    • Financial Information (Part I, Part II and Part III)
    • Information about Officers, Directors, Trustees, etc. (Part VII)
    • All other parts of Core Form 990-PF
  • Completing different Schedules applicable to the Organization
  • Preparing different workpapers as per the requirements of Client
Form 990-T
  • Completing all the Parts of Core Form 990-T
  • Preparing different workpapers as per the requirements of the client
Documents
You need to upload current year documents to prepare the return along with the prior year documents like tax return and related schedule.
Access to Tax Software
You need to assign tax software for the current and previous year. Previous year tax software is used as a reference to prepare tax return for the current year and to maintain consistency in preparation.
Tax Software
SurePrep can prepare this return in any tax software. We have experience in preparing return in GoSystem Tax RS, CCH Axcess Tax, and ProSystem fx Tax (Tax year 2022 and earlier).
Turnaround Time (Due Date)
The normal turnaround time to prepare a Federal Form 990 return with 2 state returns is about 4-5 working days. Complexity may add a few days to the turn-around time. Turnaround time doesn’t include communication time with the client.
Query
We don’t communicate directly with the client. Any communication required by the team is through SurePrep RSM/CSM, who in turn contact the client to solve our queries. If required, RSM/CSM arranges a call with the client and team to solve any issue that arises in preparing the return.

This article applies to:

  • Product: SurePrep
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