Most common form 990-PF preparation errors

Apr 08, 2020 · 2 min read

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A common misperception in the nonprofit world is that the Form 990 and Form 990-PF are very similar. Notwithstanding the almost identical form numbers, these two forms are quite different. Despite the Form 990-PF having stayed relatively static for many years, erroneous reporting still occurs. Following are some of the most common Form 990-PF preparation errors:

Part I, Line 7, Column (b) – Capital losses are incorrectly reported here.
Part I, Line 18, Column (b) – Federal excise taxes are

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