Looking for a Form 4720 Templates? Download it for free!

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selected by the Center may appear in

The section 4967 taxes on

IRS E-Services Make

instructions on pages that would

distribution of prohibited benefits from

otherwise be blank. You can help bring

donor advised funds; and

Taxes Easier

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these children home by looking at the

The section 170(f)(10) tax on any

Now more than ever before, businesses

photographs and calling

premiums paid on a personal benefit

can enjoy the benefits of filing and

1-800-THE-LOST (1-800-843-5678) if

contract in connection with a transfer to

paying their federal taxes electronically.

you recognize a child.

an organization or charitable remainder

Whether you rely on a tax professional

trust for which a charitable deduction is

or handle your own taxes, the IRS

not allowed to the transferor.

How To Get Forms and

offers you convenient programs to

make taxes easier.

Who Must File

Publications

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You can e-file your Form 990 or

Private foundations and section

Form 990-PF; Form 940 and 941

Internet

4947(a) trusts. Generally, Form 4720

employment tax returns; Forms 1099;

must be filed by all organizations,

You can access the IRS website 24

and other information returns. Visit

hours a day, 7 days a week, at

including foreign organizations, that

gov/efile for details.

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gov to:

answered “Yes” to question 1b, 1c, 2b,

You can pay taxes online or by

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3b, 4a, 4b, 5b, 6b, or 7b in Part VII-B of

Download forms, instructions, and

phone using the free Electronic Federal

Form 990-PF; or “Yes” to question 1b,

publications.

Tax Payment System (EFTPS). Visit

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1c, 3b, 4a, 4b, or 5b, or 6b in Part VI-B

Order IRS products online.

or call 1-800-555-4477

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of Form 5227. A trust described in

Research your tax questions online.

for details. Electronic Funds Withdrawal

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section 4947(a)(2) is considered a

Search publications online by topic or

(EFW) from a checking or savings

private foundation insofar as it is

keyword.

account also is available to those who

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subject to Chapter 42 provisions.

file electronically.

View Internal Revenue Bulletins

Public charities making excess

(IRBs) published in the last few years.

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lobbying expenditures. Public

General Instructions

charities that made the election under

tax news by email.

section 501(h) and owe tax on excess

Purpose of Form

lobbying expenditures as figured on

CD-ROM

Schedule A (Form 990 or 990-EZ), Part

You can order Publication 1796, IRS

Use Form 4720 to figure and pay:

VI-A, must file Form 4720 to report the

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Tax Products CD, and obtain:

The initial taxes on private

liability and pay the tax (Schedule G).

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Current-year forms, instructions, and

foundations and self-dealers, under

Certain organizations (and possibly

publications.

sections 4941 through 4945 for

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their managers) whose section

Prior-year forms, instructions, and

self-dealing, failure to distribute income,

501(c)(3) status is revoked because of

publications.

excess business holdings, investments

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excess lobbying activities are subject to

that jeopardize charitable purpose, and

Bonus: Historical Tax Products DVD

a 5% excise tax on their lobbying

taxable expenditures;

— Ships with the final release.

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expenditures.

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The initial tax on certain supporting

Tax Map: an electronic research tool

Organizations making political

organizations and donor advised funds

and finding aid.

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expenditures. All section 501(c)(3)

for excess business holdings under

Tax Law frequently asked questions

organizations that make a political

section 4943;

(FAQs).

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expenditure must file Form 4720 to

The section 4911 tax on excess

Tax Topics from the IRS telephone

report the liability and pay the tax.

lobbying expenditures by public

response system.

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Organization managers may report any

charities that have elected to be subject

Fill-in, print, and save features for

first tier tax they owe on Schedule F of

to section 501(h) regarding

most tax forms.

Form 4720. (See Schedule F

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expenditures to influence legislation.

Internal Revenue Bulletins.

instructions for the definition of political

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(Private foundations and section

Toll-free and email technical support.

expenditures.)

4947(a) trusts are not eligible to make

The CD is released twice during the

this election.);

Charitable organizations that make

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year. The first release will ship the

certain premium payments on

The section 4912 tax on excess

beginning of January 2007 and the final

personal benefit contracts. Form

lobbying expenditures that result in loss

release will ship the beginning of March

4720 must be filed by any organization

of section 501(c)(3) tax-exempt status;

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2007.

described in section 170(c) or section

The section 4955 tax imposed on any

664(d) that answered “Yes” to question

amount paid or incurred by a section

Buy the CD at gov/cdorders

(b) in Part X of Form 990, question 6b

501(c)(3) organization that participates

from National Technical Information

in Part VII-B of Form 990-PF, or

or intervenes in any political campaign

Service for $35 (no handling fee) or call

question 6b in Part VI-B of Form 5227.

on behalf of, or in opposition to, any

1-877-CDFORMS (1-877-233-6767)

candidate for public office;

Sponsoring organizations

toll-free to buy the CD for $35 (plus a

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maintaining donor advised funds. All

The section 4958 initial taxes on

$5 handling fee). Price is subject to

170(c) organizations (excluding private

disqualified persons and organization

change.

managers of section 501(c)(3) (except

foundations and government

organizations referred to in 170(c)(1)

private foundations) and section

By Phone and In Person

and 170(c)(2)(A)) that maintain one or

501(c)(4) organizations that engage in

You can order forms and publications

more donor advised funds must file

excess benefit transactions;

by calling 1-800-TAX-FORMS

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Form 4720 to report the liability and pay

The section 4965 taxes related to

(1-800-829-3676). You can also get

the tax owed on any taxable

prohibited tax shelter transactions;

most forms and publications at your

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distributions under section 4966

The section 4966 taxes on taxable

local IRS office.

(Schedule K).

distributions by sponsoring

Use these electronic options to make

organizations maintaining donor

Certain tax-exempt entities party to a

filing and paying easier.

advised funds;

prohibited tax shelter transaction

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Form 4720 Instructions

Instructions For Form 4720 - Return Of Certain Excise Taxes On Charities And Other Persons - Department Of The Treasury - 2006 Page 2

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