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IRS E-Services Make

that engage in excess benefit

a 5% excise tax on their lobbying

transactions;

expenditures.

Taxes Easier

•

The section 4965 taxes related to

Organizations making political

prohibited tax shelter transactions;

Now more than ever before, businesses

expenditures. All section 501(c)(3)

•

The section 4966 taxes on taxable

can enjoy the benefits of filing and

organizations that make a political

distributions by sponsoring

paying their federal taxes electronically.

expenditure must file Form 4720 to

organizations maintaining donor

Whether you rely on a tax professional

report the liability and pay the tax.

advised funds;

or handle your own taxes, the IRS

Organization managers may report any

•

The section 4967 taxes on

offers you convenient programs to

first tier tax they owe on Schedule F of

distribution of prohibited benefits from

make taxes easier. Use these

Form 4720. (See Schedule F

donor advised funds;

electronic options to make filing and

instructions for the definition of political

•

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

paying easier.

expenditures.)

•

premiums paid on a personal benefit

You can e-file your Form 990 or

Charitable organizations that make

contract in connection with a transfer to

Form 990-PF; Form 940 and 941

certain premium payments on

an organization or charitable remainder

employment tax returns; Forms 1099;

personal benefit contracts. Form

trust for which a charitable deduction is

and other information returns. Visit

4720 must be filed by any organization

not allowed to the transferor; and

for details.

described in section 170(c) or section

•

The section 664(c)(2) tax on the

•

You can pay taxes online or by

664(d) that answered “Yes,” to question

unrelated business taxable income of a

phone using the free Electronic Federal

7f in Part V of Form 990, question 6b in

charitable remainder trust.

Tax Payment System (EFTPS). Visit

Part VII-B of Form 990-PF, question

or call 1-800-555-4477

80b in Part VI-B of Form 5227, or that

More information. The IRS has

for details. Electronic Funds Withdrawal

otherwise paid premiums on a personal

created a page on IRS.gov for

(EFW) from a checking or savings

benefit contract in connection with a

information about Form 4720 and its

account also is available to those who

transfer to an organization for which a

instructions, at

file electronically.

charitable deduction was not allowed to

Information about any future

the transferor.

developments affecting Form 4720

General Instructions

(such as legislation enacted after we

Sponsoring organizations

release it) will be posted on that page.

maintaining donor advised funds.

All section 170(c) organizations

Purpose of Form

Who Must File

(excluding private foundations and

Use Form 4720 to figure and pay:

government organizations referred to in

Private foundations and section

•

The initial taxes on private

sections 170(c)(1) and 170(c)(2)(A))

4947(a) trusts. Generally, Form 4720

foundations and self-dealers, under

that maintain one or more donor

must be filed by all organizations,

sections 4941 through 4945 for

advised funds must file Form 4720 to

including foreign organizations, that

self-dealing, failure to distribute income,

report the liability and pay the tax owed

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

excess business holdings, investments

on any taxable distributions under

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

that jeopardize charitable purpose, and

section 4966 (Schedule K).

Form 990-PF; or “Yes,” to question 75b,

taxable expenditures;

Certain tax-exempt entities that are a

75c, 77b, 78a, 78b, 79b, or 80b in Part

•

The initial tax on certain supporting

party to a prohibited tax shelter

VI-B, and item G on page 1, of Form

organizations and donor advised funds

transaction (PTST). Certain

5227. A trust described in section

for excess business holdings under

tax-exempt entities must file Form 4720

4947(a)(2) is considered a private

section 4943;

to report the liability and pay the tax

foundation insofar as it is subject to

•

The section 4911 tax on excess

due under section 4965(a)(1). This

Chapter 42 provisions.

lobbying expenditures by public

requirement applies to entities

Other organizations owing initial

charities that have elected to be subject

described in sections 501(c), 501(d), or

taxes on excess business holdings

to section 501(h) regarding

170(c) (other than the United States) or

expenditures to influence legislation.

Supporting organizations described in

an Indian tribal government (within the

section 4943(f)(3) and donor advised

(Private foundations and section

meaning of section 7701(a)(40)).

funds described in section 4966(d)(2)

4947(a) trusts are not eligible to make

Any entity described in section

that owe the tax reported on Schedule

this election.);

4965(c) that is a party to a

•

TIP

C (section 4943(a)).

The section 4912 tax on excess

PTST must file Form 8886-T.

lobbying expenditures that result in loss

Public charities making excess

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

Managers, self-dealers, disqualified

lobbying expenditures. Public

•

The section 4955 tax imposed on any

persons, donors, donor advisors,

charities that made the election under

amount paid or incurred by a section

and related persons. If you are a

section 501(h) and owe tax on excess

501(c)(3) organization that participates

manager, self-dealer, disqualified

lobbying expenditures as figured on

or intervenes in any political campaign

person, donor, donor advisor, or related

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

on behalf of, or in opposition to, any

person who owes tax under Chapter 41

II-A, must file Form 4720 to report the

candidate for public office;

or 42, including entity managers under

liability and pay the tax (Schedule G).

•

The section 4958 initial taxes on

section 4965, and you have the same

disqualified persons and organization

Certain organizations (and possibly

tax year (or accounting year, as

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

their managers) whose section

applicable) of the entity, you may report

private foundations), section 501(c)(4),

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

the tax you owe on the Form 4720 filed

and section 501(c)(29) organizations

excess lobbying activities are subject to

by the entity. Managers, self-dealers,

-2-

Form 4720 Instructions

Instructions For Form 4720 - Return Of Certain Excise Taxes - Department Of The Treasury - 2011 Page 2

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