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Official form guide
Form 990-SN: 990 (Schedule N)
IRS Form 990 (Schedule N) is used to report liquidation, termination, dissolution, or significant asset disposition for organizations filing Form 990 or Form 990-EZ. This form must be completed if the organization answered “Yes” on Form 990, Part IV, lines 31 or 32.
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IRS Form 990-SN - 990 (Schedule N)
IRS Form 990 (Schedule N) is used to report liquidation, termination, dissolution, or significant asset disposition for organizations filing Form 990 or Form 990-EZ. This form must be completed if the organization answered “Yes” on Form 990, Part IV, lines 31 or 32.
Risk Radar
Scan points- 1Do not skip Part I if you completely liquidated/dissolved; Part I must be complete.
- 2Failing to complete Part I when fully liquidating/dissolving.
- 3Not completing Part II when a disposition exceeds 25% of assets.
- 4Omitting required narrative details from Part III.
- 5Forgetting to attach Schedule N (Form 990) to the main Form 990 or 990-EZ.
Plain English
This form tells the IRS when a non-profit is closing down, dissolving, or selling off a large chunk of its assets (more than 25%). It provides details about these major changes, including any outstanding tax-exempt bonds. Organizations that fully close must complete Part I; those with significant sales often need to complete Part II.
Submission Date
- Filing date: 2025-12-04 14:35:45
- Preparation window: collect IDs, supporting records, and signatures in advance.
- Final review: verify names, dates, and required fields before submission.
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What this form is for
- Use this form when an organization files Form 990 or Form 990-EZ and answered “Yes” to Part IV, lines 31 or 32.
- Do not use it if the organization did not answer “Yes” on Form 990, Part IV, line 31, or Form 990-EZ, line 36.
- Check Form 990 instead when filing a complete return and choosing to provide all requested information even without being required.
Form selector
Use this form or another form?
Organization chose not to file 990/990-EZ
If you choose to file, you must complete Schedule N and provide all requested information.
✓ Check Part IV of the main form.
Organization fully liquidated/dissolved (and filed 990-EZ)
Must complete Part I because it fully liquidated, dissolved, or terminated during the tax year.
✓ Verify line 36 answer on Form 990-EZ.
Transaction series exceeds 25% of net assets (and filed 990)
A significant disposition may result from an expansion or contraction of operations requiring Part II reporting.
✓ Review examples provided in the instructions.
Deadline or filing window
The trigger event is answering “Yes” on Form 990, Part IV, line 31, or Form 990-EZ, line 36. The organization must report these events during the tax year in which they occurred. There are no specific extension dates quoted in this section.
Checklist
What you need before filling it out
General Purpose
Organization filing Form 990/990-EZ · Schedule N (Form 990)
Part I Completion Trigger
Answer “Yes” on Form 990, Part IV, line 31 · Schedule N (Form 990)
Asset Transfer Reporting
Assets transferred in liquidation/dissolution · Part I of Schedule N
Transaction Expense Detail
Payment made for services assisting transaction · Column (a) & (c)
Recipient Information
EIN, name, and address of recipient · Columns (e), (f)
Officer Ownership Check
Officer/Director ownership in successor organization · Line 2 (Part I)
Before you submit
- 1Complete Part I if the organization answered “Yes” on Form 990, Part IV, line 31.
- 2List all assets transferred in liquidation, termination, dissolution, or merger in Part I.
- 3For each transaction, ensure assets are aggregated into sufficiently described categories in Column (a).
- 4If listing a related transaction expense, confirm it is at least $10,000 and provide the payment date in Column (b).
- 5Confirm that brokerage fees are included in the FMV amount in Column (c), not just as an expense.
- 6Verify that the method of valuation for each asset or expense is documented in Column (d).
- 7Check Line 2e if any officer/director received a payment that wouldn't have occurred without the dissolution.
How to file this form
- 1Complete Part I of Schedule N (Form 990) by listing all assets transferred during liquidation, termination, or dissolution.
- 2Fill out Columns (a) through (f) for each asset transfer and transaction expense, ensuring the date, FMV, valuation method, and recipient details are included.
- 3Check Line 2d if an officer/director is becoming a direct or indirect owner in a successor organization.
- 4Attach certified copies of any relevant articles of dissolution, resolutions, or plans to Form 990 or Form 990-EZ before mailing.
Known limitations
- 1An organization that was still winding up its affairs at year-end but had not completely ceased operations should complete Part II of Schedule N, rather than just Part I.
- 2An organization that has made a significant disposition of net assets must complete Part II of Schedule N.
- 3An organization that has terminated its operations and has no future plans for activities must complete only Part I and omit Part II of Schedule N.
- 4If an organization files Form 990-EZ, it should refer to line 36 of the Instructions for Form 990-EZ regarding Part II reporting requirements.
Field map
Compact field-by-field guide
Organization Info
2 items
Legal name of the tax-exempt organization and its EIN.
Current mailing address and website URL if applicable.
Revenue
1 items
Sum of all revenue including contributions, program service revenue, investment income, and other revenue.
Expenses
1 items
Sum of all expenses including program services, management, and fundraising.
Assets
1 items
Total assets minus total liabilities at end of the reporting period.
Compliance
1 items
Certification of continued compliance with tax-exempt requirements.
Signatures
1 items
An authorized officer of the organization must sign.
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Fillable formOpen in Editor->The current edition is 20/25, and users should go to www.irs.gov/Form990 for the latest information regarding Schedule N (Form 990).
What changed or needs a fresh check
- Edition date — confirm the revision reads 20/25.
- Filing requirement — confirm organization answered “Yes” on Form 990, Part IV, line 31 or Form 990-EZ, line 36.
- Attachments — ensure certified copies of articles of dissolution, resolutions, or plans are attached.
- Part I completion — confirm Part I is completed if the organization answered “Yes” to Form 990, Part IV, line 31.
Quick Facts
Downloads
After you file
- 1Keep a copy of the completed Schedule N (Form 990) or Schedule N (Form 990-EZ).
- 2Attach certified copies of any articles of dissolution, resolutions, or plans to the filed Form 990 or Form 990-EZ.
- 3If an organization receives compensation as a result of its liquidation, termination, or dissolution, provide details in Part III of Schedule N (Form 990).
- 4For future developments regarding Schedule N (Form 990), consult www.irs.gov/Form990.
Sources
- SRCInstructions p.1 — The organization must complete Schedule N (Form 990) if it answered “Yes” on Form 990, Part IV, lines 31 or 32, or Form 990-EZ, line 36.
- SRCInstructions p.4 — Purpose of Schedule N (Form 990) is to report going out of existence or disposing of more than 25% of its net assets through sale, exchange, or other disposition.
- SRCInstructions p.1 — Part I must be completed if the organization answered “Yes” on Form 990, Part IV, line 31, or Form 990-EZ, line 36.
- SRCInstructions p.4 — An organization that completely liquidated, terminated, or dissolved and ceased operations during the tax year must complete Part I.
- SRCInstructions p.4 — An organization still winding up its affairs at year-end should complete Part II but may not need to complete Part I (though it is implied they might).
- SRCInstructions p.1 — Certified copies of any articles of dissolution, resolutions, or plans must be attached to Form 990 or Form 990-EZ.
- SRCInstructions p.4 — If there are more transactions than space available in Parts I and II, those parts can be duplicated.
Common confusion points
When do I need to file this form?
The organization must complete and attach Schedule N if it answered “Yes” on Form 990, Part IV, line 31 or 32, or Form 990-EZ, line 36.
→ Check the 'Yes' answers on those specific lines.
Do I need to file both Part I and Part II?
If an organization completely liquidated/terminated/dissolved, it must complete Part I. It may also need to complete Part II if it made a significant disposition of net assets.
→ Review Part I line 2 (distribution status) and check for the requirement to complete Part II.
What if my organization is still winding up?
If operations are ongoing but not fully ceased, the organization should complete Part II, even if it doesn't strictly require completing Part I.
→ Verify that the organization has not completely liquidated/terminated/dissolved and ceased operations.
Do I need to fill out Part III always?
Part III is required for narrative information relating to Part I lines 2e, 3, and 6c, or Part II line 2e.
→ Check if you answered 'Yes' to questions in Part I that require explanation (like receiving compensation) or if you need to add extra details.
What does 'significant disposition of assets' mean?
This refers to disposing of more than 25% of the organization’s net assets through sale, exchange, or other disposition.
→ Confirm this threshold before determining if Part II is necessary.
Must I attach documents when filing Schedule N (Form 990)?
Yes, certified copies of any articles of dissolution, resolutions, or plans must be attached to Form 990 or Form 990-EZ.
→ Ensure these supporting documents are included with the main return.
Workflow map
Related forms and next steps
Before
Current
After
Often used with
⚠ If something goes wrong
- Use Part III to report additional narrative information if Parts I and II run out of space.
Questions about IRS Form 990-SN
What is IRS Form 990-SN used for?
This form tells the IRS when a non-profit is closing down, dissolving, or selling off a large chunk of its assets (more than 25%). It provides details about these major changes, including any outstanding tax-exempt bonds. Organizations that fully close must complete Part I; those with significant sales often need to complete Part II.
Who must file IRS Form 990-SN?
Any organization that answered “Yes” on Form 990, Part IV, line 31 or 32, or Form 990-EZ, line 36, must complete and attach Schedule N (Form 990).
What information does IRS Form 990-SN require?
Part I covers Liquidation, Termination, or Dissolution details; Part II reports Sale, Exchange, Disposition, or Other Transfer of More Than 25% of the Organization’s Assets. Part III provides supplemental narrative information for both parts.
When is IRS Form 990-SN due?
The source does not state a specific filing due date, but it governs reporting during the tax year in which the events occurred.
Where do I file IRS Form 990-SN?
The form must be attached to Form 990 or Form 990-EZ. For the latest information, organizations can go to www.irs.gov/Form990.
How do I complete IRS Form 990-SN?
An organization must complete Part I if it completely liquidated, terminated, or dissolved. If applicable, Part II is completed for asset dispositions greater than 25%. All required narrative details are provided in Part III before attaching the form to Form 990 or Form 990-EZ.
What happens if IRS Form 990-SN is filed incorrectly?
If an organization is required to file Schedule N (Form 990) but fails to do so, it does not meet its filing obligation as stated by the IRS.
When do I need to file this form?
The organization must complete and attach Schedule N if it answered “Yes” on Form 990, Part IV, line 31 or 32, or Form 990-EZ, line 36. Check the 'Yes' answers on those specific lines.
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