Instructions For Form 4720 (2015) (Page 3 of 19) in pdf

When To File

For example, an exempt organization, a

For a partnership, the form may be

manager, and a disqualified person may

signed by a partner or partners

Part I taxes. File Form 4720 by the due

each be required to file a Form 4720 in

authorized to sign the partnership

date (not including extensions) for filing

one year, and each have a balance due

return.

the organization's Form 990-PF, Form

of taxes. When this occurs, and

If the return is filed on behalf of a

990, Form 990-EZ, or Form 5227. If you

extensions of time are needed to file a

trust, the authorized trustee(s) must sign

are not required to file any of these

return (by filing Form 8868), each

it.

forms, file Form 4720 by the 15th day of

person should file his, her, or its own

the 5th month after the organization's

extension, indicating the share of the

A receiver, trustee, or assignee

accounting period ends.

balance due or refund for each. This will

required to file any return on behalf of an

avoid potential problems later on with

If the regular due date falls on a

individual, a trust, estate, partnership,

the IRS in processing of the extensions,

Saturday, Sunday, or legal holiday, file

association, company, or corporation

since we will know which persons paid

by the next business day.

must sign the Form 4720 filed for these

their share of the tax balance due.

taxpayers.

Affiliated group member. For

members of an affiliated group of

Name, Address, etc.

Also, a person with a valid power of

organizations that have different tax

attorney may sign for the organization,

The name, address, and employer

years, and who are filing Form 4720 to

foundation, manager, self-dealer, donor,

identification number of the organization

report tax under section 4911, the tax

donor advisor, or related person.

or entity should be the same as shown

year of the affiliated group is the

Include a copy of the power of attorney

on Form 990-PF, Form 5227, Form 990,

calendar year, unless all members of

with the return.

Form 990-EZ, and Schedule A (Form

the group elect under Regulations

990 or 990-EZ). If you are a self-dealer,

Attachments

section 56.4911-7(e)(5) to make a

donor, donor advisor, related person,

member's year the group's tax year.

If you need more space, attach separate

disqualified person, or manager filing a

Part II taxes. If you are a manager,

sheets showing the same information in

separate Form 4720, enter your name,

self-dealer, disqualified person, donor,

the same order as on the printed form.

address, and taxpayer identification

donor advisor, or related person, owing

Show the totals on the printed form.

number in Part II-A.

taxes under Chapter 41 or 42 and filing

Enter the organization's name and

Include the suite, room, or other unit

a separate Form 4720, and your tax

EIN on each sheet. Use sheets that are

number after the street address.

year ends on the same date as the

the same size as the form and indicate

organization's tax year, you must file by

clearly the line of the printed form to

If the Post Office does not deliver

the due date for filing Form 990-PF,

which the information relates.

mail to the street address, show the

Form 5227, Form 990, or Form 990-EZ

P.O. box number instead of the street

of the organization for which you owe

Organizations Organized

address.

tax. If your tax year ends on a date

or Created in a Foreign

different from that of the organization, or

If you want a third party (such as an

Country

your organization is not required to file a

accountant or an attorney) to receive

Form 990, Form 990-EZ, Form 990-PF,

Report all amounts in U.S. currency

mail for the foundation or charity, enter

or Form 5227, you must file a Form

(state conversion rate used) and give

on the street address line “C/O”

4720 by the 15th day of the 5th month

information in English. Report items in

followed by the third party's name and

after your tax year ends.

total, including amounts and

street address or P.O. box.

If the regular due date falls on a

transactions from both inside and

Saturday, Sunday, or legal holiday, file

Signature and Verification

outside the United States.

by the next business day.

If you are a manager, self-dealer,

Chapter 42 taxes (including sections

disqualified person, donor, donor

Extension

4941 through 4945, 4955, 4958, 4959,

advisor, or related person, you should

and 4965 through 4967) do not apply to

If you cannot file Form 4720 by the due

sign only in the spaces that apply,

foreign organizations that receive

date, you may request an automatic

whether you use the return of the

substantially all of their support (other

3-month extension of time to file by

foundation or organization as your

than gross investment income) from

using Form 8868, Application for

return, or file separately.

sources outside the United States. See

Extension of Time To File an Exempt

section 4948(b). These organizations

Organization Return. The automatic

If you are signing on behalf of the

must complete this form and file it in the

3-month extension will be granted if you

foundation or organization and also

same manner as domestic

properly complete this form, file it, and

because of personal tax liability, you

organizations. However, these

pay any balance due by the due date for

must sign twice. You sign:

organizations, as well as their

Form 4720.

1. On behalf of the foundation or

foundation managers and self-dealers,

organization, and

do not have to pay any tax that would

Form 8868 is also used to request an

otherwise be due on this return.

additional extension of time to file;

2. For your own personal tax

however, these extensions are not

liability.

For these purposes, a foreign

automatically granted.

For a corporation (or an association),

organization is an organization not

It is possible for more than one

the form may be signed by one of the

created or organized in or under the law

person to file Form 4720 and have a

following: president, vice president,

of the United States, a U.S. state or

balance due or refund of taxes

treasurer, assistant treasurer, chief

possession, or the District of Columbia.

pertaining to one or more transactions

accounting officer, or other corporate

Gifts, grants, contributions, or

involving the same exempt organization.

officer (such as tax officer).

membership fees directly or indirectly

Instructions for Form 4720 (2015)

Instructions For Form 4720 (2015) Page 3

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