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 Page 2
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32•
Tax Map: an electronic research tool
apply to private operating foundations.
A. Who Must File
and finding aid.
Also, if the organization is a private
•
Form 990-PF is an annual information
Tax Law frequently asked questions.
operating foundation for any of the years
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return that must be filed by:
Tax Topics from the IRS telephone
shown in Part XIII, do not complete the
•
Exempt private foundations (section
response system.
portions that apply to those years.
•
•
6033(a), (b), and (c)),
Internal Revenue Code – Title 26
Part XIV applies only to private
•
•
Taxable private foundations (section
Fill-in, print, and save features for most
operating foundations.
•
6033(d)),
tax forms.
Part XV applies only to foundations
•
•
Organizations that agree to private
Internal Revenue Bulletins.
having assets of $5,000 or more during
•
foundation status and whose applications
Toll-free and email technical support.
the year. This part does not apply to
•
for exempt status are pending on the due
The DVD is released twice during the
certain foreign organizations.
date for filing Form 990-PF,
year.
How to avoid filing an incomplete
•
•
Organizations that made an election
The first release will ship the beginning
return.
under section 41(e)(6),
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of January 2009.
Complete all applicable line items,
•
•
Foundations that are making a section
•
The final release will ship the beginning
Answer “Yes,” “No,” or “N/A” (not
507 termination, and
of March 2009.
applicable) to each question on the
•
•
Section 4947(a)(1) nonexempt
Purchase the DVD from National
return,
charitable trusts that are treated as
•
Technical Information Service (NTIS) at
Make an entry (including a zero when
private foundations (section 6033(d)).
for $30 (no
appropriate) on all total lines, and
•
handling fee) or call 1-877-233-6767 toll
Enter “None” or “N/A” if an entire part
Include on the foundation’s return
free to purchase the DVD for $30 (plus a
does not apply.
TIP
the financial and other information
$6 handling fee).
of any disregarded entity owned
Sequencing Chart To Complete
by the foundation. See Regulations
By Phone and In Person
the Form
sections 301.7701-1 through 3 for
You can order forms and publications by
You may find the following chart helpful. It
information on the classification of certain
calling 1-800-TAX-FORM
limits jumping from one part of the form to
business organizations including an
(1-800-829-3676). You can also get most
another to compute an amount needed to
eligible entity that is disregarded as an
forms and publications at your local IRS
complete an earlier part. If you complete
entity separate from its owner
office.
the parts in the listed order, any
(disregarded entity).
information you may need from another
Use these electronic options to make
Other section 4947(a)(1) nonexempt
part will already be entered.
filing and paying easier.
charitable trusts. Section 4947(a)(1)
Step
Part
Step
Part
nonexempt charitable trusts that are not
IRS E-Services Make
treated as private foundations do not file
1 . . . . . . . IV
8 . . . . . . XII, lines 1 – 4
Form 990-PF. However, they may need to
Taxes Easier
2 . . . . . . . I & II
9 . . . . . . V & VI
file Form 990, Return of Organization
3 . . . . . . . Heading
10 . . . . . . XII, lines 5 – 6
Now more than ever before, businesses
4 . . . . . . . III
11 . . . . . . XI
Exempt From Income Tax, or Form
5 . . . . . . . VII-A
12 . . . . . . XIII
can enjoy the benefits of filing and paying
990-EZ, Short Form Return of
6 . . . . . . . VIII
13 . . . . . . VII-B
their federal taxes electronically. Whether
Organization Exempt from Income Tax.
7 . . . . . . . IX-A – X
14 . . . . . . XIV – XVII
you rely on a tax professional or handle
With either of these forms, the trust must
your own taxes, the IRS offers you
also file Schedule A (Form 990 or
C. Definitions
convenient programs to make taxes
990 – EZ), Public Charity Status and
1. A private foundation is a domestic
easier.
Public Support. (See Form 990 and Form
•
or foreign organization exempt from
You can e-file your Form 990-PF; Form
990-EZ instructions.)
income tax under section 501(a);
940 and 941 employment tax returns;
described in section 501(c)(3); and is
Form 1099 and other information returns.
B. Which Parts To
other than an organization described in
Visit for details.
•
Complete
sections 509(a)(1) through (4).
You can pay taxes online or by phone
using the free Electronic Federal Tax
The parts of the form listed below do not
In general, churches, hospitals,
Payment System (EFTPS). Visit www.
apply to all filers. See How to avoid filing
schools, and broadly publicly supported
eftps.gov or call 1-800-555-4477 for
an incomplete return on this page for
organizations are excluded from private
details. Electronic Funds Withdrawal
information on what to do if a part or an
foundation status by these sections.
(EFW) from a checking or savings
item does apply.
These organizations may be required to
•
account is also available to those who file
Part I, column (c), applies only to
file Form 990 (or Form 990-EZ) instead of
electronically.
private operating foundations and to
Form 990-PF.
nonoperating private foundations that
2. A nonexempt charitable trust
For the most up-to-date tax
have income from charitable activities.
treated as a private foundation is a trust
information, please visit us at
•
Part II, column (c), with the exception of
that is not exempt from tax under section
gov/formspubs/index.html and select
line 16, applies only to organizations
501(a) and all of the unexpired interests
Highlights of Recent Tax Changes under
having at least $5,000 in assets per
of which are devoted to religious,
the Important changes section.
books at some time during the year. Line
charitable, or other purposes described in
16, column (c), applies to all filers.
section 170(c)(2)(B), and for which a
General Instructions
•
Part IV does not apply to foreign
deduction was allowed under a section of
organizations.
the Code listed in section 4947(a)(1).
Purpose of form. Form 990-PF is used:
•
•
Parts V and VI do not apply to
3. A taxable private foundation is an
To figure the tax based on investment
organizations making an election under
organization that is no longer exempt
income, and
•
section 41(e).
under section 501(a) as an organization
To report charitable distributions and
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Part X does not apply to foreign
described in section 501(c)(3). Though it
activities.
foundations that check box D2 on page 1
may operate as a taxable entity, it will
Also, Form 990-PF serves as a
of Form 990-PF unless they claim status
continue to be treated as a private
substitute for the section 4947(a)(1)
as a private operating foundation.
foundation until that status is terminated
•
nonexempt charitable trust’s income tax
Parts XI and XIII do not apply to foreign
under section 507.
return, Form 1041, U.S. Income Tax
foundations that check box D2 on page 1
4. A private operating foundation is an
Return for Estates and Trusts, when the
of Form 990-PF. However, check the box
organization that is described under
trust has no taxable income.
at the top of Part XI. Part XI does not
section 4942(j)(3) or (5). It means any
-2-
Form 990-PF Instructions
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