Statement Missing regarding Final Return [F990PF-054-01] - How do I resolve it?
39 views | Last modified 5/7/2024 7:24:26 AM EST |

IRS  Error code: Form 990-PF: [F990PF-054-01]

Rejection Message: 

In Form 990-PF, if the Final Return is stated, then there would be a termination, dissolution, or substantial contraction during the year.

What does it mean:

The organization must have stated that it is the final return that it files with the IRS and has not provided a statement regarding it. In this case, the IRS would have rejected the return.

Resolution:

Your organization must provide a Statement or Upload a Document regarding liquidation, termination, dissolution, or substantial contraction during the year.

Follow the below steps to resolve the error:

1. From the home page, select the organization and the tax year.
2. You need to click on the Rejected by the IRS button for the rejected return to find the list of errors. Then, click the Fix Me button to resolve the rejection error. 
3. Based on the filing type you have chosen, you will be navigated to the corresponding page.
   • Interview-based filing - You'll be directed to the Statement Regarding Activities page. Under "Liquidation, Termination, or Dissolution," select Yes for the question, "Was there a liquidation, termination, dissolution, or substantial contraction during the year?" and provide a detailed statement for it.
   • Form-based filing - You'll be directed to Part VI-A, Line 5 of Form 990-PF. Here, you are required to provide a Statement or Upload a Document regarding liquidation, termination, dissolution, or substantial contraction during the year.
4. Review the details, and click the Transmit button to re-transmit your return to the IRS at no additional cost.

We'll keep you informed on the status of the return once we hear back from the IRS.

For any further assistance, we recommend contacting the IRS e-Help Desk Toll-Free Number 1-866-255-0654.