How to associate 990EZ Line Numbers & run the 990EZ Report
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Associating 990EZ line numbers with budget categories
MoneyMinder is an authorized e-filing provider with the IRS. When your group is ready, you can e-file directly from your MoneyMinder account.
To e-file the 990-EZ, you must first assign “line numbers” to each budget category.
To begin, click Budget in the sidebar.
Click the Edit 990-EZ Line Categories tab.
Select the appropriate income and/or expense line number for each budget category.
For help figuring out what line number a budget category falls into, download the 990-EZ Cheat Sheet.
Note: If a category has both income and expenses applied to it, it will need line numbers in both the income and expense columns.
- Continue this process until you’ve associated all budget categories with a line number.
- Click Save.
Running the 990EZ report
Click Tax Forms in the sidebar.
Click 990-EZ to expand it, then click 990EZ Report to see a summary of valid 990EZ line numbers.
If a category has a transaction applied to it and does not have a 990EZ line number associated with it, it will show up at the top of the report in orange:
For your Summary totals to be accurate, these must all be assigned a line number.
Remember that categories where you only spend money will only need a 990-EZ expense line associated with it. Likewise, categories where you only bring in money will only need a 990-EZ income line associated with it. If the category does both, you need both lines associated.
This is a really nice feature!
One feature request.
We have a Misc Expenses budget category for those expenses that come up that were not budgeted, etc.
Would really love to have the option to attach a 990-EZ line number to individual transactions as I can’t assign one to the entire category.
Hi David,
I will add your suggestion to our feature requests. Thanks for your feedback.