Instructions For Form 990-Pf - Return Of Private Foundation Or Section 4947(A)(1) Nonexempt Charitable Trust Treated As A Private Foundation - 2017 Page 7
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38H. Accounting Period
business day. If the return is filed late, see
An automatic extension will be granted
General Instruction M, later.
if you properly complete this form, file it,
File the 2017 return for the calendar year
and pay any balance due by the due date
2017 or fiscal year beginning in 2017. If
In case of a complete liquidation,
for Form 990-PF.
the return is for a fiscal year, fill in the
dissolution, or termination, file the return
beginning and ending dates of the tax year
L. Amended Return
by the 15th day of the 5th month following
in the spaces at the top of the return.
complete liquidation, dissolution, or
To change the organization's return for
termination.
The return must be filed on the basis of
any year, file an amended return, including
the established annual accounting period
attachments, with the correct information.
To file the return, mail or deliver it to:
of the organization. If the organization has
The amended return must provide all the
no established accounting period, the
information required by the form and
Department of the Treasury
return should be on the calendar-year
instructions, not just the new or corrected
Internal Revenue Service Center
basis.
information. Check “Amended return” in
Ogden, UT 84201-0027
Item G at the top of page 1 of the form.
For an initial or final return or for a short
See the instructions for Part VI, line 9,
tax year resulting from a change in
If the organization's principal business,
later.
accounting period, the 2017 form may
office, or agency is located in a foreign
also be used as the return for a short
country or U.S. possession, mail or deliver
If the organization files an amended
period (less than 12 months) ending
the return to:
return to claim a refund of tax paid under
November 30, 2017, or earlier. The 2017
section 4940 or 4948, it must file the
form may also be used for a short period
Internal Revenue Service Center
amended return within 3 years after the
beginning after November 30, 2017, and
P.O. Box 409101
date the original return was filed, or within
ending before December 31, 2018 (not on
Ogden, UT 84409
2 years from the date the tax was paid,
or after December 31, 2018). When doing
whichever date is later.
so, provide the information for designated
Private delivery services (PDSs). You
years listed on the return, other than the
State reporting requirements. See
can use certain PDSs designated by the
tax year being reported, as if they were
Amended returns under General
IRS to meet the “timely mailing as timely
updated on the 2017 form. For example,
Instruction F, earlier.
filing/paying” rule for tax returns. Go to
provide the information in Part V, line 1, for
Need a copy of an old return or form?
IRS.gov/PDS
for the current list of
the tax years 2013–2017, rather than for
Use Form 4506 to obtain a copy of a
designated services.
the printed years, 2012–2016.
previously filed return. You can download
The PDS can tell you how to get written
In general, to change its accounting
items from the IRS website at
IRS.gov/
proof of the mailing date.
period, the organization must file Form
FormsPubs.
For the IRS mailing address to use if
990-PF by the due date for the short
you’re using a PDS, go to
IRS.gov/
M. Penalty for Failure To
period resulting from the change. At the
PDSStreetAddresses.
top of this short period return, write
File Timely, Completely, or
“Change of Accounting Period.”
PDSs can't deliver items to P.O.
Correctly
boxes. You must use the U.S.
!
If the organization has previously
To avoid filing an incomplete return or
Postal Service to mail any item to
changed its accounting period within the
CAUTION
having to respond to requests for missing
an IRS P.O. box address.
10-calendar-year period that includes the
information, see General Instruction B,
beginning of the short period resulting
earlier.
Electronic Filing
from the current change in accounting
period, and it had a Form 990-PF filing
Against the organization. If an
Generally, a private foundation may file its
requirement at any time during that
organization doesn't file timely and
Form 990-PF by mail, by private delivery,
10-year period, it must also file Form
completely, or doesn't furnish the correct
or electronically. However, if the
1128, Application for Change in
information, it must pay $20 for each day
foundation files at least 250 returns during
Accounting Method, with the short-period
the failure continues ($100 a day if it is a
the calendar year, it must file Form 990-PF
return. See Rev. Proc. 85-58, 1985-2 C.B.
large organization), unless it can show
electronically. If the foundation must file a
740, 1985-18 I.R.B. 5.
that the failure was due to reasonable
return electronically but doesn't, the
cause. Those filing late (after the due
organization is considered to have not
I. Accounting Methods
date, including extensions) must attach an
filed its return. See Regulations section
explanation to the return. The maximum
Generally, you should report the financial
301.6033-4 for more information. For
penalty for each return won't exceed the
information requested on the basis of the
additional information on the electronic
smaller of $10,000 ($51,000 for a large
accounting method the foundation
filing requirement, visit IRS.gov/EFile.
organization) or 5% of the gross receipts
regularly uses to keep its books and
The IRS may waive the
of the organization for the year.
records.
requirements to file electronically
TIP
Large organization. A large
Exception. Complete Part I, column (d)
in cases of undue hardship. For
organization is one that has gross receipts
on the cash receipts and disbursements
more information on filing a waiver, see
exceeding $1,028,500 for the tax year.
method of accounting.
Notice 2010-13, 2010-4 I.R.B. 327,
available at
IRS.gov/irb/2010-04_IRB/
Gross receipts. Gross receipts
J. When, Where, and How
ar14.html.
means the gross amount received during
To File
the foundation's annual accounting period
K. Extension of Time To
from all sources without reduction for any
costs or expenses.
This return must be filed by the 15th day of
File
the 5th month following the close of the
To figure the foundation's gross
A foundation generally uses Form 8868 to
foundation's accounting period. If the
receipts, complete the following.
request an automatic extension of time to
regular due date falls on a Saturday,
1. Part I, line 12, column (a).
file its return.
Sunday, or legal holiday, file by the next
2. Add lines 6b and 10b.
Form 990-PF Instructions
-7-
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