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 Page 10
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30end of the termination period the
termination period. The claim for refund
shown under General Instruction J.
organization must supply information to
must be filed on time and the organization
Explain what numbers the organization
the IRS establishing that it has terminated
must supply information establishing that
has, the name and address to which each
its private foundation status and,
it qualified as a public charity for the
number was assigned, and the address of
therefore, qualifies as a public charity.
period for which it paid the tax.
the organization’s principal office. The
Send the information to:
IRS will then advise which number to use.
W. Rounding, Currency,
Internal Revenue Service
B—Telephone Number
TE/GE Customer Account Services
and Attachments
Enter a foundation telephone number
P.O. Box 2508
(including the area code) that the public
Cincinnati, OH 45201
Rounding off to whole-dollars. You
and government regulators may use to
may round off cents to whole dollars on
If information is furnished establishing
obtain information about the foundation’s
your return and schedules. If you do
a successful termination, then, for the
finances and activities. This information
round to whole dollars, you must round all
final year of the termination period, the
should be available at this telephone
amounts. To round, drop amounts under
organization should comply with the filing
number during normal business hours. If
50 cents and increase amounts from 50
requirements for the type of public charity
the foundation does not have a
to 99 cents to the next dollar. For
it has become. See the Instructions for
telephone, enter a telephone number of a
example, $1.39 becomes $1 and $2.50
Form 990 and Schedule A (Form 990 or
foundation official who can provide this
becomes $3.
990-EZ) for details on filing requirements.
information during normal business hours.
This applies even if the IRS has not
If you have to add two or more
D2—Foreign Organizations
confirmed that the organization has
amounts to figure the amount to enter on
terminated its private foundation status by
a line, include cents when adding the
If the foreign organization meets the 85%
the time the return for the final year of the
amounts and round off only the total.
test of Regulations section 53.4948-1(b),
termination is due (or would be due if a
then:
Currency and language requirements.
•
return were required).
Check the box in D2 on page 1 of Form
Report all amounts in U.S. dollars (state
990-PF,
The organization will be allowed a
conversion rate used). Report all items in
•
Check the box at the top of Part XI,
reasonable period of time to file any
total, including amounts from both U.S.
•
Do not fill in Parts XI and XIII,
and non-U.S. sources. All information
private foundation returns required (for
•
Do not fill in Part X unless it is claiming
the last year of the termination period) but
must be in English.
status as a private operating foundation,
not previously filed if it is later determined
Attachments. Use the schedules on
and
that the organization did not terminate its
Form 990-PF. If you need more space
•
Attach the computation of the 85% test
private foundation status. Interest on any
use attachments that are the same size
to Form 990-PF.
tax due will be charged from the original
as the printed forms.
due date of the Form 990-PF, but
E—Section 507(b)(1)(A)
On each attachment, write:
penalties under sections 6651 and 6652
•
Terminations
“Form 990-PF,”
will not be assessed if the Form 990-PF is
•
The tax year,
A private foundation that has terminated
filed within the period allowed by the IRS.
•
The corresponding schedule number or
its status as such under section
letter,
V. Special Rules for
507(b)(1)(A), by distributing all its net
•
The organization’s name and EIN, and
assets to one or more public charities
•
Section 507(b)(1)(B)
The information requested using the
without keeping any right, title, or interest
format and line sequence of the printed
in those assets, should check the box in E
Terminations
form.
on page 1 of Form 990-PF. See General
If the organization is terminating its
Also, show totals on the printed forms.
Instructions Q and T.
private foundation status under the
F—60-Month Termination
60-month provisions of section
Under Section 507(b)(1)(B)
507(b)(1)(B), special rules apply. (See
Specific Instructions
General Instructions T and U.) Under
Check the box in F on page 1 of Form
these rules, the organization may file
990-PF if the organization is terminating
Completing the Heading
Form 990-PF without paying the tax
its private foundation status under the
based on investment income if it filed a
The following instructions are keyed to
60-month provisions of section
consent under section 6501(c)(4) with its
items in the Form 990-PF heading.
507(b)(1)(B) during the period covered by
notification to the TE/GE Customer
this return. To begin such a termination, a
Name and Address
Account Services at the Cincinnati
private foundation must have given
address given in General Instruction U of
If the organization received a Form
advance notice to TE/GE at the Cincinnati
its intention to begin a section
990-PF package from the IRS with a
address given on page 9 and provided
507(b)(1)(B) termination. The consent
peel-off label, please use it. If the name or
the information outlined in Regulations
provides that the period of limitation on
address on the label is wrong, make
section 1.507-2(b)(3). See General
the assessment of excise tax under
corrections on the label. The address
Instruction U for information regarding
section 4940 or 4948 based on
used must be that of the principal office of
filing requirements during a section
investment income for any tax year in the
the foundation.
507(b)(1)(B) termination.
60-month period will not expire until at
Include the suite, room, or other unit
See General Instruction V for
least 1 year after the period for assessing
number after the street address. If the
information regarding payment of the tax
a deficiency for the last tax year in which
Post Office does not deliver mail to the
based on investment income (computed
the 60-month period would normally
street address and the organization has a
in Part VI) during a section 507(b)(1)(B)
expire. Any foundation not paying the tax
P.O. box, show the box number instead of
termination.
when it files Form 990-PF must attach a
the street address.
H—Type of Organization
copy of the signed consent.
A—Employer Identification
If the foundation did not file the
Check the box for “Section 501(c)(3)
Number
consent, the tax must be paid in the
exempt private foundation” if the
normal manner as explained in General
The organization should have only one
foundation has a ruling or determination
Instructions O and P. The organization
employer identification number. If it has
letter from the IRS in effect that
may file a claim for refund after
more than one number, notify the Internal
recognizes its exemption from federal
completing termination or during the
Revenue Service Center at the address
income tax as an organization described
-10-
Form 990-PF Instructions
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