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 7
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31•
Do not send deposits directly to an IRS
Any prescribed application form (such
purposes (e.g., day care, health care, or
office; otherwise, the foundation may
as Form 1023 or Form 1024),
scientific or medical research), and
•
have to pay a penalty. Mail or deliver the
All documents and statements the IRS
2. The site does not serve as an office
completed Form 8109 with the payment
requires an applicant to file with the form,
for management staff, other than
•
to an authorized depositary, such as, a
Any statement or other supporting
managers who are involved only in
commercial bank or other financial
document submitted in support of the
managing the exempt function activities at
institution authorized to accept federal tax
application, and
the site.
•
deposits.
Any letter or other document issued by
What if the private foundation does not
the IRS concerning the application.
Make checks or money orders payable
maintain a permanent office? If the
An application for tax exemption does
to the depositary. To help ensure proper
private foundation does not maintain a
not include:
crediting, write the foundation’s EIN, the
permanent office, it will comply with the
•
Any application for tax exemption filed
tax period to which the deposit applies,
public inspection by office visitation
before July 15, 1987, unless the private
and “Form 990-PF” on the check or
requirement by making the annual returns
foundation filing the application had a
money order. Be sure to darken the
and exemption application available at a
copy of the application on July 15, 1987,
990-PF box on the coupon. Records of
reasonable location of its choice. It must
or
these deposits will be sent to the IRS.
permit public inspection:
•
Any material that is not available for
•
For more information on deposits, see
Within a reasonable amount of time
public inspection under section 6104.
after receiving a request for inspection
the instructions in the coupon booklet
Who Must Make the Annual
(normally, not more than 2 weeks), and
(Form 8109) and Pub. 583, Starting a
•
Business and Keeping Records.
At a reasonable time of day.
Returns and Exemption
Application Available for Public
Optional method of complying. If a
Special Payment Option for
private foundation that does not have a
Inspection?
Small Foundations
permanent office wishes not to allow an
The foundation’s annual returns and
A private foundation may enclose a check
inspection by office visitation, it may mail
exemption application must be made
or money order, payable to the United
a copy of the requested documents
available to the public by the private
States Treasury, with the Form 990-PF or
instead of allowing an inspection.
foundation itself and by the IRS.
Form 8868, if it meets all of the following
However, it must mail the documents
requirements:
How Does a Private Foundation
within 2 weeks of receiving the request
and may charge for copying and postage
1. The foundation must not be
Make Its Annual Returns and
only if the requester consents to the
required to use EFTPS,
Exemption Application
charge.
2. The tax based on investment
Available for Public Inspection?
income shown on line 5, Part VI of Form
Private foundations with a
A private foundation must make its annual
990-PF is less than $500, and
permanent office but limited or no
returns and exemption application
3. If Form 8868 is used, the amount
hours. Even if a private foundation has a
available in 2 ways:
entered on line 3a of Part I or line 8a of
permanent office but no office hours or
•
By office visitation, and
Part II of Form 8868 must be less than
very limited hours during certain times of
•
By providing copies or making them
$500 and it must be the full balance due.
the year, it must still meet the office
widely available.
visitation requirement. To meet this
Be sure to write “2005 Form 990-PF”
requirement during those periods when
Public Inspection by Office
and the foundation’s name, address, and
office hours are limited or not available,
Visitation
EIN on its check or money order.
follow the rules above under, What if the
A private foundation must make its annual
private foundation does not maintain a
Foreign organizations should see
returns and exemption application
permanent office?
!
the instructions for Part VI, line 9.
available for public inspection without
charge at its principal, regional, and
Public Inspection — Providing
CAUTION
district offices during regular business
Copies
hours.
Q. Public Inspection
A private foundation must provide copies
Conditions that may be set for public
of its annual returns or exemption
Requirements
inspection at the office. A private
application to any individual who makes a
A private foundation must make its annual
foundation:
request for a copy in person or in writing
•
returns (including any amended returns)
May have an employee present,
unless it makes these documents widely
•
and exemption application available for
Must allow the individual conducting
available.
public inspection.
the inspection to take notes freely during
In-person requests for document
the inspection, and
copies. A private foundation must
Definitions
•
Must allow an individual to make photo
provide copies to any individual who
copies of documents at no charge but
Annual returns. An annual return is an
makes a request in person at the private
only if the individual brings photocopying
exact copy of the Form 990-PF that was
foundation’s principal, regional, or district
equipment to the place of inspection.
filed with the IRS including all schedules,
offices during regular business hours on
attachments, and supporting documents.
Determining if a site is a regional or
the same day that the individual makes
It also includes any amendments to the
district office. A regional or district office
the request.
original return (amended return).
is any office of a private foundation, other
Accepted delay in fulfilling an
than its principal office, that has paid
By annual returns, we mean any
in-person request. If unusual
employees whose total number of paid
annual return (defined above) that is not
circumstances exist and fulfilling a
hours a week are normally 120 hours or
more than 3 years old from the later of:
request on the same day places an
more. Include the hours worked by
unreasonable burden on the private
1. The date the return is required to
part-time (as well as full-time) employees
foundation, it must provide copies by the
be filed (including extensions), or
in making that determination.
earlier of:
2. The date that the return is actually
•
What sites are not considered a
The next business day following the
filed.
regional or district office. A site is not
day that the unusual circumstances end,
considered a regional or district office if:
Exemption application. An application
or
•
for tax exemption includes (except as
1. The only services provided at the
The fifth business day after the date of
described later):
site further the foundations exempt
the request.
-7-
Form 990-PF Instructions
ADVERTISEMENT
0 votes
Related Articles
Related forms
Instructions For Form 990-pf - Return Of Private Foundation Or Section 4947(a)(1) Nonexempt Charitable Trust Treated As A Private Foundation - 2001
Financial
Instructions For Form 990-pf - Return Of Private Foundation Or Section 4947(a)(1) Nonexempt Charitable Trust Treated As A Private Foundation - Internal Revenue Service - 2010
Financial
Instructions For Form 990-pf - Return Of Private Foundation Or Section 4947(a)(1) Nonexempt Charitable Trust Treated As A Private Foundation - Internal Revenue Service - 2009
Financial
Instructions For Form 990-pf - Return Of Private Foundation Or Section 4947(a)(1) Nonexempt Charitable Trust Treated As A Private Foundation - Internal Revenue Service - 2007
Financial
Instructions For Form 990-pf - Return Of Private Foundation Or Section 4947(a)(1) Nonexempt Charitable Trust Treated As A Private Foundation - Internal Revenue Service - 2008
Financial
Instructions For Form 990-pf - Return Of Private Foundation Or Section 4947(a)(1) Nonexempt Charitable Trust Treated As A Private Foundation - Internal Revenue Service - 2003
Financial
Instructions For Form 990-pf - Return Of Private Foundation Or Section 4947(a)(1) Nonexempt Charitable Trust Treated As A Private Foundation - Internal Revenue Service - 2004
Financial
Instructions For Form 990-pf - Return Of Private Foundation Or Section 4947(a)(1) Nonexempt Charitable Trust Treated As A Private Foundation - 2017
Financial
Related Categories
Parent category: Financial