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

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Department of the Treasury
Internal Revenue Service
Instructions for Form 990-PF
Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Section references are to the Internal Revenue Code unless otherwise noted.
including split interest trust, will not retain
Contents
Page
Contents
Page
its character in the hands of the private
General Instructions
Part V — Qualification Under
foundation for purposes of computing the
Section 4940(e) for Reduced
A. Who Must File . . . . . . . . . . . . . . . . 2
private foundation’s net investment
Tax on Net Investment Income . . . 18
B. Which Parts To Complete . . . . . . . . 2
income. Also, Part XI was revised to
C. Definitions . . . . . . . . . . . . . . . . . . . 2
Part VI — Excise Tax Based on
reflect Notice 2004-36 2004-19, I.R.B.
Investment Income . . . . . . . . . . . . 18
D. Other Forms You May Need
889, concerning the treatment of certain
To File . . . . . . . . . . . . . . . . . . . . . . 3
Part VII-A — Statements
distributions from split interest trusts
E. Useful Publications . . . . . . . . . . . . . 4
Regarding Activities . . . . . . . . . . . 19
described in section 4947(a)(2).
F. Use of Form 990-PF To
Part VII-B — Activities for Which
Distributions from split interest trusts, are
Satisfy State Reporting
Form 4720 May Be Required . . . . . 20
no longer included in figuring a private
Requirements . . . . . . . . . . . . . . . . . 4
Part VIII — Information About
foundation’s distributable amount.
G. Furnishing Copies of Form
Officers, Directors, Trustees,
990-PF to State Officials . . . . . . . . . 5
Foundation Managers, Highly
For prior years within the statute of
H. Accounting Period . . . . . . . . . . . . . 5
Paid Employees, and
limitations, and for which a refund of
I. Accounting Methods . . . . . . . . . . . . 5
Contractors . . . . . . . . . . . . . . . . . 20
Section 4940 taxes paid is requested,
J. When and Where To File . . . . . . . . 5
Part IX-A — Summary of Direct
private foundations must file an amended
K. Extension of Time To File . . . . . . . . 5
Charitable Activities . . . . . . . . . . . . 21
Form 990-PF. Write “Filed pursuant to
L. Amended Return . . . . . . . . . . . . . . 5
Part IX-B — Summary of
Notice 2004-35” at the top of the first
M. Penalty for Failure To File
Program-Related Investments
. . . 22
page.
Timely, Completely, or
Part X — Minimum Investment
Correctly . . . . . . . . . . . . . . . . . . . . 5
To request a refund of section 4942 taxes
Return . . . . . . . . . . . . . . . . . . . . . 22
N. Penalties for Not Paying Tax
paid, a private foundation must file an
Part XI — Distributable Amount . . . . . 23
on Time . . . . . . . . . . . . . . . . . . . . . 6
amended Form 990-PF and an amended
Part XII — Qualifying
O. Figuring and Paying
Form 4720, Return of Certain Excise
Distributions . . . . . . . . . . . . . . . . . 23
Taxes on Charities and Other Persons
Estimated Tax . . . . . . . . . . . . . . . . 6
Part XIII — Undistributed Income
. . . 24
Under Chapters 41 and 42 of the Internal
P. Tax Payment Methods for
Part XIV — Private Operating
Revenue Code, for each year with a
Domestic Private Foundations
. . . . 6
Foundations . . . . . . . . . . . . . . . . . 25
schedule showing the corrected amount
Q. Public Inspection
Part XV — Supplementary
of section 4942 liability. The front page of
Requirements . . . . . . . . . . . . . . . . . 6
Information . . . . . . . . . . . . . . . . . . 26
the returns should be marked “Filed
R. Disclosures Regarding
Part XVI-A — Analysis of
pursuant to Notice 2004-36.” See General
Certain Information and
Income-Producing Activities . . . . . . 26
Instruction L of Form 990-PF for more
Services Furnished . . . . . . . . . . . . . 9
Part XVI-B — Relationship of
information on filing amended returns.
S. Organizations Organized or
Activities to the
Created in a Foreign Country
Accomplishment of Exempt
Section 882 of the American Jobs
or U.S. Possession . . . . . . . . . . . . . 9
Purposes . . . . . . . . . . . . . . . . . . . 27
Creation Act of 2004 requires certain
T. Liquidation, Dissolution,
Part XVII — Information
charities to file a new Form 8899, Notice
Termination, or Substantial
Regarding Transfers To and
of Income from Donated Intellectual
Contraction . . . . . . . . . . . . . . . . . . . 9
Transactions and
Property, to report income from qualified
U. Filing Requirements During
intellectual property.
Relationships With
Section 507(b)(1)(B)
Noncharitable Exempt
Termination . . . . . . . . . . . . . . . . . . 9
As previously required, donees should
Organizations . . . . . . . . . . . . . . . . 27
V. Special Rules for Section
report all income from donated qualified
Signature . . . . . . . . . . . . . . . . . . . . 28
507(b)(1)(B) Terminations . . . . . . . 10
intellectual property as income other than
Privacy Act and Paperwork
W. Rounding, Currency, and
contributions (for example, royalty income
Reduction Act Notice . . . . . . . . . . . 28
Attachments . . . . . . . . . . . . . . . . . 10
from a patent). Charities are not required
Exclusion Codes . . . . . . . . . . . . . . . 29
Specific Instructions
to report as contributions any of the
Index . . . . . . . . . . . . . . . . . . . . . . . . 30
Completing the Heading . . . . . . . . . . 10
additional deductions claimed by donors
Part I — Analysis of Revenue and
under the new section 170(m)(1).
What’s New
Expenses . . . . . . . . . . . . . . . . . . . 11
Likewise, these additional deductions are
Part II — Balance Sheets . . . . . . . . . . 15
not required to be reported on Schedule B
Form 990-PF, Part I, was revised to
Part III — Analysis of Changes in
(Form 990-PF) and donees are not
reflect Notice 2004-35, 2004-19 I.R.B.
Net Assets or Fund Balances . . . . . 17
required to comply with the substantiation
889, regarding distributions received by
Part IV — Capital Gains and
requirements of section 170(f)(8) with
private foundations from split interest
Losses for Tax on Investment
regard to any donor’s additional
trusts. Distributions received by a private
deductions.
Income . . . . . . . . . . . . . . . . . . . . . 17
foundation from an estate or trust,
Cat. No. 11290Y

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