990 The Better Outdoors Case Study Facts (CASBTM)

Printable Case Study Facts

The Better Outdoors is based in Carrollton, TX. The organization is exempt from income tax under §501(c)(3), files a 990 return and, because it is a non-private foundation under code §509(a)(3), is also required to file Schedules A and B. It uses the cash method of accounting.

Targeted Areas

• Preparing a 990 Return
• Contributions

Return Information

• Basic Information
• Exemption Information
• Prior Year Revenue and Expenses
• Revenue
• Expenses
• Grants Paid to Organizations in the US
• Balance Sheet
• Mortgages and other Notes Payable
• Officers and Directors
• Independent Contractors
• Reasons for Public Charity Status
• Capital Gains
• Transmittal Letter and Filing Instructions

Data Entry

• Reviewing Tax Defaults and Options
• Basic Return Information
• Primary Purpose and Program Services
• Revenue
• Expenses
• Balance Sheet
• Officers and Directors
• Schedule A
• Schedule B
• Capital Gains and Losses
• Depreciation Detail
• Letters and Filing Instructions
• Reviewing the Return

 

 

 

Case Study Facts/better_outdoors_intro.htm/TY2019

Last Modified: 03/19/2020

Last System Build: 06/17/2021

©2019-2020 Thomson Reuters/Tax & Accounting.