Instructions For Form 990-Pf - Return Of Private Foundation Or Section 4947(A)(1) Nonexempt Charitable Trust Treated As A Private Foundation - Return Of Private Foundation Or Section 4947(A)(1) Nonexempt Charitable Trust Treated As A Private Foundation - Page 4

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of the penalty. Generally, the foundation
adequately disclosed on the tax return.
Publication 1771, Charitable
is not required to file this form because
The disclosure is made to avoid parts of
Contributions — Substantiation and
the IRS can figure the amount of any
the accuracy-related penalty imposed for
Disclosure Requirements.
penalty and bill the foundation for it.
disregard of rules or substantial
Publication 3833, Disaster Relief,
However, complete and attach Form 2220
understatement of tax. Form 8275 is also
Providing Assistance Through Charitable
even if the foundation does not owe the
used for disclosures relating to preparer
Organizations.
penalty if:
penalties for understatements due to
The annualized income or the adjusted
unrealistic positions or for willful or
Publications and forms are available at no
seasonal installment method is used, or
reckless conduct.
charge through IRS offices or by calling
The foundation is a “large
1-800-TAX-FORM (1-800-829-3676).
Form 8275-R, Regulation Disclosure
organization,” (see General Instruction O)
Statement. Use this form to disclose
F. Use of Form 990-PF To
computing its first required installment
any item on a tax return for which a
based on the prior year’s tax.
Satisfy State Reporting
position has been taken that is contrary to
If Form 2220 is attached, check the box
Treasury regulations.
Requirements
on line 8, Part VI, on page 4 of Form
990-PF and enter the amount of any
Form 8300, Report of Cash Payments
Some states and local government units
penalty on this line.
Over $10,000 Received in a Trade or
will accept a copy of Form 990-PF and
Business. Used to report cash amounts
Form 4506-A, Request for Public
required attachments instead of all or part
in excess of $10,000 that were received
Inspection or Copy of Exempt or
of their own financial report forms.
in a single transaction (or in two or more
Political Organization IRS Form. Used
If the organization plans to use Form
related transactions) in the course of a
to request a copy of an exempt or political
990-PF to satisfy state or local filing
trade or business (as defined in section
organization’s return, report, notice, or
requirements, such as those from state
162).
exemption application.
charitable solicitation acts, note the
Form 4720, Return of Certain Excise
Form 8718, User Fee for Exempt
following.
Taxes on Charities and Other Persons
Organization Determination Letter
Determine state filing requirements.
Under Chapters 41 and 42 of the
Request. Used by a private foundation
Consult the appropriate officials of all
Internal Revenue Code. Is primarily
that has completed a section 507
states and other jurisdictions in which the
used to determine the excise taxes
termination and seeks a determination
organization does business to determine
imposed on:
letter that it is now a public charity.
their specific filing requirements. “Doing
Acts of self-dealing between private
business” in a jurisdiction may include
Form 8822, Change of Address. This
foundations and disqualified persons,
any of the following:
form is used by taxpayers to notify the
Failure to distribute income,
Soliciting contributions or grants by
IRS of changes in individual and business
Excess business holdings,
mail or otherwise from individuals,
mailing addresses.
Investments that jeopardize the
businesses, or other charitable
foundation’s charitable purposes, and
Form 8868, Application for Extension
organizations,
Making political or other noncharitable
of Time To File an Exempt
Conducting programs,
expenditures.
Organization Return. This form is used
Having employees within that
by an exempt organization to request an
jurisdiction, or
Certain excise taxes and penalties also
automatic 3-month extension of time to
Maintaining a checking account or
apply to foundation managers, substantial
file its return and also to apply for an
owning or renting property there.
contributors, and certain related persons
additional (not automatic) 3-month
Monetary tests may differ. Some or all
and are reported on this form.
extension if the initial 3-month extension
of the dollar limitations that apply to Form
Form 5500, Annual Return/Report of
is not enough time.
990-PF when filed with the IRS may not
Employee Benefit Plan. Is used to
apply when using Form 990-PF instead of
Form 8870, Information Return for
report information concerning employee
state or local report forms. IRS dollar
Transfers Associated With Certain
benefit plans and Direct Filing Entities.
limitations that may not meet some state
Personal Benefit Contracts. Used to
Form 8109, Federal Tax Deposit
requirements are the $5,000 total assets
identify those personal benefit contracts
Coupon. Used by business entities to
minimum that requires completion of Part
for which funds were transferred to the
make federal tax deposits.
II, column (c), and Part XV; and the
organization, directly or indirectly, as well
$50,000 minimum for listing the highest
Form 8282, Donee Information Return.
as the transferors and beneficiaries of
paid employees and for listing
Required of the donee of “charitable
those contracts.
professional fees in Part VIII.
deduction property” that sells, exchanges,
Form 8899, Notice of Income from
or otherwise disposes of the property
Additional information may be
Donated Intellectual Property. Use this
within 2 years after the date it received
required. State and local filing
form to report income from qualified
the property. Also required of any
requirements may require attaching to
intellectual property.
successor donee that disposes of
Form 990-PF one or more of the
charitable deduction property within 2
following:
E. Useful Publications
years after the date that the donor gave
Additional financial statements, such as
the property to the original donee. (It does
a complete analysis of functional
The following publications may be helpful
not matter who gave the property to the
expenses or a statement of changes in
in preparing Form 990-PF:
successor donee. It may have been the
net assets,
Publication 525, Taxable and
original donee or another successor
Notes to financial statements,
Nontaxable Income,
donee.) For successor donees, the form
Additional financial schedules,
Publication 578, Tax Information for
must be filed only for any property that
A report on the financial statements by
Private Foundations and Foundation
was transferred by the original donee
an independent accountant, and
Managers,
after July 5, 1988.
Answers to additional questions and
Publication 583, Starting a Business
other information.
Form 8275, Disclosure Statement.
and Keeping Records,
Taxpayers and tax return preparers
Publication 598, Tax on Unrelated
Each jurisdiction may require the
should attach this form to Form 990-PF to
Business Income of Exempt
additional material to be presented on
disclose items or positions (except those
Organizations,
forms they provide. The additional
contrary to a regulation — see Form
Publication 910, IRS Guide to Free Tax
information does not have to be submitted
8275-R below) that are not otherwise
Services, and
with the Form 990-PF filed with the IRS.
-4-
Form 990-PF Instructions

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