Most common form 990-PF preparation errors

A common misperception in the nonprofit world is that the IRS 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:

1. Part I – Forcing Part I, Column (a) to equal the sum of Column (b), (c) and (d). Columns (a), (b), (c), and