Preparing IRS Form 990 Schedule K
just became easier ...
For nonprofit organizations that borrow on a tax-exempt basis, completing Schedule K can be a time-intensive and stressful process. The likelihood of reporting missteps with this complex form are high, which may invite additional scrutiny by the IRS.
For a preview of BLXSKAN, please click the play button below:
BLXSKAN offers you ...
- BLX and Orrick guidance, insight, and interpretation of Schedule K
- A clear explanation of Schedule K questions and instructions, including defined terminology and links to applicable Treasury Regulations
- A worksheet to help determine accurate responses to complicated “Proceeds” questions on Schedule K
- An organized system to coordinate responses with prior IRS filings
With BLXSKAN, you have the immediate benefits of ...
- Eliminating most common mistakes when completing Schedule K
- Easy navigation of a complex and confusing IRS form and instructions
- Alerts when information may have been entered incorrectly
- Storing information for use in future Schedule K filings
- An open line of communication with BLX consultants
BLX can help ...
To assist nonprofits in meeting ongoing post-issuance tax compliance responsibilities, BLX offers a wide range of postissuance services, including:
- BLXSKAN (Schedule K Assistance for Nonprofits)
- Annual private business use review and calculation
- Comprehensive review of the expenditure and use of bond proceeds
- Periodic review of all contracts, leases and arrangements with third parties relating to the use of bond financed facilities
- Final allocation analysis
- Development and review of written post-issuance tax compliance policies and procedures
- Educational seminars and webinars
Sample Screenshots [click to enlarge]
BLXSKAN provides you with a summary of all your bond issues, showing your progress on a bond issue by bond issue basis.
BLXSKAN includes the IRS Schedule K Instructions for each question along with "BLX Insight", providing detailed interpretation and guidance. Your responses are also coordinated with pre-loaded information from 8038s and prior Schedule K filings.
Additional features of BLXSKAN include links to applicable Treasury Regulations and defined terminology.
BLXSKAN provides you with a worksheet to help determine accurate responses to complicated questions about bond proceeds.
BLXSKAN provides suggested language for the Supplemental Information Section of Schedule K when needed.
BLXSKAN allows you to generate and save a PDF of Schedule K at any level of completion.