Screen Event-2 - Income with Direct Expenses and Cost of Goods Sold (990)

Cost of Goods Sold

This information is used with expenses on Forms 990 and 990-EZ, and to complete Page 2, Schedule A for Form 990-T. If the
Beginning inventory
and
Ending inventory
boxes are blank and you enter amounts in any of the other boxes in the Cost of Goods Sold section, the beginning and ending inventory amounts will default to zero.

Program Service Accomplishments

Use this section to allocate the program service expenses entered in the Directly Related Expenses section in the Event-3 screen to the first through third program service achievement tiers.
Program Service Accomplishments
UltraTax CS automatically enters the total amounts entered as Program Service Expenses in the read-only
All other
box. As you enter amounts in the
First
,
Second
, and/or
Third
boxes, UltraTax CS automatically subtracts these amounts from the amount in the
All other
box, keeping the program service expenses tied to the total amounts entered in the Directly Related Expenses section in the Event-3 screen. All amounts shown in this section print on Forms 990 and 990-EZ, Part III as required.
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