IRS releases Form 990 draft instructions for 2020

IRS releases Form 990 draft instructions for 2020

The IRS posted a draft version of the instructions for Form 990, “Return of Organization Exempt From Income Tax” for 2020.

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The Form 990 draft instructions [PDF 1.37 MB] (103 pages) were posted with a “watermark” date of December 28, 2020. The draft instructions include a statement that they are not to be relied upon for filing purposes and are subject to change and to OMB approval before being officially released.

Forms 990 and 990-EZ are used by tax-exempt organizations, nonexempt charitable trusts, and section 527 political organizations to provide the IRS with information required by section 6033.


For more information, contact a tax professional with KPMG’s Washington National Tax practice:

Ruth Madrigal | +1 202 533 8817 | ruthmadrigal@kpmg.com

Preston Quesenberry | +1 202 533 3985 | pquesenberry@kpmg.com

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