Common Errors on Form 990
The most common error on the IRS form 990 is failing to complete Schedule A, this is the section of the form that requires charities and certain types of charitable trusts to list the salaries and benefits awarded to top officials and to top-paid independent contractors. This part of the form also focuses on advocacy activity and contains additional questions not covered on the Form 990 itself.
The second most common error for filing 990 is that Nonprofits failed to note their primary exempt mission as required in the statement of program accomplishments.
Arithmetic errors account for about 20% of all 990 tax returns.
Other common errors is not having the signature of any of the organization's officers.
Some organizations failed to attach required supporting schedules.
And finally another common error on the form 990 is not listing the correct tax year.
