Form Schedule L (Form 9 Schedule L (Form 9 Transactions with Interested Persons

2008 Schedule L (Form 990), Transactions with Interested Persons
Purpose: This is the first circulated draft for your review and comments
of the 2008 Schedule L (Form 990), Transactions with Interested Persons.
TPCC Meeting: None, but one may be arranged if requested.
Instructions: The instructions will be circulated at a later date.
Prior Version: None.
Other Products: Circulations of draft tax forms, instructions, notices, and
publications are posted at: http://taxforms.web.irs.gov/Circulations/index.htm
Comments: Please email, fax, call or mail any comments by March 17, 2008,
to me and email the form’s reviewer, Johnny Cervantes , at
[email protected].
Myron Bruce Lewis
Tax Law Specialist
SE:W:CAR:MP:T:T:FP
NCFB C6-147
Phone: 202-283-0662
Fax: 202-283-4759
Email: [email protected]

Major Changes- 2008 Schedule L (Form 990), Transactions with Interested
Persons:
This is a new schedule reflecting revised information requirements for Exempt
Organizations.

1
TLS, have you
transmitted all R
text files for this
cycle update?

Date

I.R.S. SPECIFICATIONS

TO BE REMOVED BEFORE PRINTING

INSTRUCTIONS TO PRINTERS
SCHEDULE L (FORM 990), PAGE 1 of 2 (PAGE 2 IS BLANK)
PRINTS: HEAD to HEAD
MARGINS: TOP 13 mm (1⁄2 "), CENTER SIDES.
PAPER: WHITE WRITING, SUB. 20.
INK: BLACK
FLAT SIZE: 216 mm (81⁄2 ") x 835 mm (327⁄8 ),
PERFORATE: ON FOLD
FOLDED TO: 216 mm (81⁄2 ") x 279 mm (11")

OMB No. 1545-0047

Transactions with Interested Persons

2008

To be completed by organizations that answered “Yes” on Form 990, Part IV,
lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V lines 38b or 40b.

Name of the organization

1

Signature

Revised proofs
requested

䊳

Department of the Treasury
Internal Revenue Service

Part I

Date

O.K. to print

DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

SCHEDULE L
(Form 990 or 990-EZ)

Action

Open To Public
Inspection

Employer identification number

Excess Benefit Transactions (501(c)(3) and (c)(4) organizations only)
To be completed by organizations that answered “Yes” on Form 990, Part IV, lines 25a or b, or Form 990-EZ, Part V, line 40b.
(a) Name of disqualified person

(c) Corrected?

(b) Description of transaction

Yes

No

2 Enter the amount of tax imposed on the organization managers or disqualified persons during the year
䊳 $
under section 4958
䊳 $
3 Enter the amount of tax, if any, on line 2, above, reimbursed by the organization

Part II

f 08
o
s 20
a
,
t
f
a 14 ILE
r
D ary T F
u
O
r
N
b O
e
F D

Loans to and from Interested Persons
To be completed by organizations that answered “Yes” on Form 990, Part IV, line 26, or Form 990-EZ, Part V, line 38a.

(a) Name of interested person and purpose

(b) Loan to or from
the organization?

To

(c) Original
principal amount
$

(d) Balance due
$

From

(e) In default? (f) Approved
by board or
committee?
Yes

No

Yes

No

(g) Written
agreement?

Yes

No

䊳

Total

Part III

$
Grants or Assistance Benefitting Interested Persons
To be completed by organizations that answered “Yes” on Form 990, Part IV, line 27.
(a) Name of interested person

Part IV

(b) Relationship between interested person and the
organization

(c) Amount of grant or type of assistance

Business Transactions Involving Interested Persons
To be completed by organizations that answered “Yes” on Form 990, Part IV, lines 28a, b, or c.

(a) Name of interested person

(b) Relationship between
interested person and the
organization

(c) Amount of
transaction $

(d) Description of transaction

(e) Sharing of
organization’s
revenues?
Yes

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50056A

No

Schedule L (Form 990, or 990-EZ) 2008