990 Schedule J Instructions Form 2023-2024

2018 990 Schedule J Instructions Form: What You Should Know

The 2024 Form 990 instructions contain an appendix of special instructions to Form 990 that includes information relating to professional sports leagues, leagues, clubs, and associations. The instructions also contain information on other organizations described under a section of Form 990 that describes their activities. The instructions list the types of tax-exempt organizations, the types of items that they must report, and the types of information required. All the information required on Form 990 is based on the information found in the tables in Parts V and VI of Schedule J, Schedule K. The tables describe items that organizations are required to report, and the descriptions of these items are listed in the instructions for Schedule K. The tables also describe the types of items (or activities) that are subject to the self-employment tax for professional sports leagues and leagues, and professional sports associations. The information contained in the tables in Part I.B., II. A., and II. B., below, is described in the table description. The tables describe information for a section of Schedule J, and the descriptions of these sections are described in the instructions for Schedule J. What Organizations are Required to Report? Each organization in each section of Schedule J, is defined by the instructions for that section. These definitions (except for the definition for “organizational income”) for the organizations in each section may be located below this table. Please note that the definition of “business” is not included as a separate item. A business includes: A corporation, partnership, or other legal entity that is organized for profit: However, only an association of professional sports leagues that meet the requirements of section 501(c)(5) may be a business. A professional football league that is a trade association. A professional wrestling commission. The International Rugby Board or World Rugby. The National Football League. Organizations established to facilitate the playing of professional sports events. Organizations organized to organize public competitions. Organizations organized to organize or conduct athletic contests involving amateur participants. Organizations that prepare, hold, administer, or control the selection of participants for a prize fund. Organizations that hold tournaments or championships. Organizations that organize sports contests at which amateur participants compete. Organizations that run professional sporting teams, colleges, or universities. Organizations that are organized for purpose other than professional sports and that are not taxable under this chapter because they have no substantial income.

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