2015 Form 990 Or 990 EZ Schedule L Transactions With Interested Persons IRS
Use a Form 990 Or 990 EZ Schedule L Transactions With Interested Persons Irs template to make your document workflow more streamlined.
What Schedule L reports
The 2015 Form 990 Or 990 EZ Schedule L Transactions With Interested Persons IRS is an IRS information-return schedule used by eligible tax-exempt organizations to disclose specified transactions involving interested persons. It works alongside Form 990 or Form 990-EZ and asks the organization to identify reportable dealings, describe the relationship, and provide relevant amounts and approval information. The organization should compare each entry with accounting records, board materials, and conflict-of-interest documentation before signing and filing. Schedule L does not replace the underlying annual return or IRS filing instructions.
Who works with Schedule L
Tax-exempt organizations
Tax-exempt organizations use Schedule L to disclose reportable loans, grants, business transactions, and other dealings involving interested persons alongside Form 990 or Form 990-EZ.
Tax and finance teams
Tax preparers and finance teams use signed copies, transaction support, and audit evidence to coordinate review before the organization submits its annual information return.
Features for preparing Schedule L
signNow organizes the document workflow around the Schedule L review cycle while the organization verifies each IRS disclosure against its underlying transaction records.
Field detection
Upload the IRS Schedule L PDF and confirm signNow’s detected fields before entering transaction details, relationships, amounts, and approval information.
Signer routing
Route Schedule L to the organization’s authorized signer and tax reviewer in a defined order, reducing uncertainty about who must approve the disclosure.
Audit trail
Capture signatures, timestamps, and document history with the completed Schedule L so the organization retains execution evidence alongside its tax records.
Reusable template
Reuse a reviewed Schedule L template for recurring annual preparation while updating the year, transaction details, and supporting records before sending.
Mobile review
Use signNow’s mobile apps when an authorized reviewer needs to inspect or sign the Schedule L away from a desktop workstation.
Connected records
Connect approved storage or finance systems to keep the signed Schedule L and related transaction evidence together after completion.
Complete Schedule L with signNow
Use this workflow to prepare the exact Schedule L document, route it for review and signature, and preserve completion evidence without changing IRS filing responsibilities.
Upload form:
Upload the completed IRS Schedule L PDF. Check fields:
Confirm detected fields match each disclosure section. Assign reviewers:
Add authorized reviewers and signers. Send document:
Send the form through signNow. Verify entries:
Review completed fields against source records. Archive records:
Store the signed PDF and audit trail.
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Inside the Schedule L audit trail
The audit trail records technical evidence around signing, helping the organization preserve how its Schedule L document was completed and finalized.
Authenticate signer:
Capture timestamp:
Hash document:
Seal record:
Log actions:
Export trail:
Schedule L preparation timeline
The schedule’s processing time depends on transaction-record readiness, reviewer availability, and the organization’s Form 990 or Form 990-EZ filing calendar.
Prepare document
Deliver to reviewers
Complete review
Archive completion
Recordkeeping practices for Schedule L
Preserve the signed form, supporting evidence, and audit history under a documented tax-record policy grounded in IRS recordkeeping requirements.
Store Schedule L with supporting records
Export the completion evidence
Limit access to transaction data
Reconcile every disclosed transaction
Security for signed Schedule L records
Transport encryption:
Stored data encryption:
Independent controls:
Security management:
Privacy safeguards:
Electronic signatures:
Pricing for Schedule L workflows
signNow pricing is verified from its annual-billing plans; competitor prices and features are marked Not verified where the supplied source provides no comparable figure.
| Features | signNow | DocuSign | Adobe Sign | PandaDoc | Dropbox Sign |
|---|---|---|---|---|---|
| Starting annual price | $8/user/month, Business plan | Not verified | Not verified | Not verified | Not verified |
| Free trial | 7 days, no credit card | Not verified | Not verified | Not verified | Not verified |
| Bulk send | Business Premium, $15/user/month | Not verified | Not verified | Not verified | Not verified |
| Audit trail | Included with Business plan | Not verified | Not verified | Not verified | Not verified |
| HIPAA compliance | Available with required BAA | Not verified | Not verified | Not verified | Not verified |
Legal standing of signed Schedule L records
A completed Schedule L may be retained as an electronic business record when the organization can show signer intent, consent, attribution, and accurate reproduction under ESIGN and applicable UETA rules. Those frameworks do not make wills, certain court orders, family-law decrees, or other statutory exclusions electronically enforceable.
Challenges when preparing Schedule L
Identifying which interested-person transactions belong in Schedule L requires reviewing loans, grants, business transactions, and conflict-of-interest records together. Incomplete borrower details, approval information, or transaction amounts can make the Schedule L disclosure difficult to reconcile with the organization’s books. Related-party transactions may be overlooked when board minutes, management records, and accounting files are maintained in separate systems. A signed Schedule L worksheet does not replace the organization’s responsibility to verify every disclosure against its Form 990 or Form 990-EZ.
Schedule L troubleshooting questions
Resolve filing, signature, routing, and retention questions before submitting the organization’s Form 990 or Form 990-EZ.
Upload the IRS Schedule L PDF to signNow, then confirm that detected fields align with each transaction section. Business includes templates, audit trails, and legally binding eSignatures, but the filer remains responsible for accurate IRS reporting.
Schedule L is an attachment to Form 990 or Form 990-EZ, not a substitute for the return. Use signNow to complete and route the document, then follow IRS filing instructions for the applicable return.
Business provides audit trails, templates, and mobile apps at $8 per user monthly with annual billing. Business Premium adds bulk send at $15, while Enterprise adds advanced signer authentication at $30.
Use signNow’s audit trail to preserve signer actions, timestamps, and document history. ESIGN and UETA support electronic-signature validity when intent, consent, attribution, and record reproduction requirements are satisfied.
Review names, relationships, amounts, approval details, and transaction descriptions before routing. signNow can capture signatures and preserve completion evidence, but it cannot determine whether an IRS disclosure is factually required.
Business plans include 100 signature invites per user annually, with overage fees. The Site License costs $1.50 per signature invite and is designed for 1,000 or more documents yearly; verify organizational volume before choosing.
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