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Form 990

Compliance Deadline Approaching

Form 990 is an annual financial information tax return required by the IRS to be filed by state chartered credit unions. It is required for most organizations exempt from income tax under section 501(c) to help prevent abuse and enforce financial accountability. The form also provides the public with financial information and is often the only source of such information. Although federal credit unions are not required to file the Form 990, they may choose to file the Form 990T which can provide a credit for certain federal excise taxes paid or for small employer health insurance premiums paid. Both forms must be completed and filed by May 15 each year.

Let LEVERAGE’s experienced auditors save you time this tax season by completing your state-chartered credit union’s Form 990. With the 2013 Form 990 instructions tallying 99 pages, you can trust our auditors to ensure your form is completed accurately with no errors. They understand the filing requirements and the specifics of the various Form 990s (990-PF, 990-N, 990-EZ, and 990).

The LEVERAGE audit and consulting team offers a complete menu of financial and compliance audits performed by credit union-certified field experts. To request a proposal or schedule Form 990/Form 990T preparation assistance, contact us today at consult@myleverage.com.