If your organization is a 501(c)(3) corporation with outstanding tax-exempt debt, then you could be required to file Schedule K "Supplemental Information on Tax-Exempt Bonds" with your annual Form 990. A number of the Schedule K questions can generate confusion for filers and preparers. If answered inappropriately or without adequate explanation, Schedule K responses could trigger an IRS audit of the outstanding tax-exempt bonds. Ice Miller public finance and tax professionals have the necessary expertise to assist in providing Schedule K advice and counsel. We can also help to insure your organization has adopted best practices for maintaining post-issuance compliance. The filing deadline for 501(c)(3) organizations is the 15th
day of the fifth month after the close of the organization’s fiscal year unless the organization has filed for an extension.
For questions or more information, please contact Amy Corsaro
, David Nie
or Susan Price