Form 990-PF for Private Foundations

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Form 990-PF for Private Foundations

• An Complete Guide

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Form 990-PF Overview

• Private foundations are required by the IRS to
  file Form 990-PF to report their annual financial
  information, including revenue, expenses, and
  activities. This form also provides details on
  the foundation's trustees and officials,
  application processes, and a comprehensive list
  of grants issued during the tax year.
• Additionally, Form 990-PF is used to calculate
  the tax on investment income and document
  charitable contributions and activities.

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3
Who must file Form 990-PF?

• Exempt Private foundations
• Private foundations that are taxable
• Private foundations that have not yet applied for
  exempt status
• Private foundations that are terminated under
  Section 507(b)
• Learn More about Form 990-PF - https//www.tax990.
  com/e-file-form-990-pf/

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Deadline for filing Form 990-PF

• The Deadline for filing Form 990-PF is 15th day
  of 5th month after the organizations accounting
  period ends.
• If the Private Foundation follows calendar tax
  period (January 1st - December 31), then the
  990-PF is due by May 15.

Note For instance the due date falls on a Saturday, Sunday, or any legal holiday, file the form on the next business day.
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Information Required to file Form 990-PF

• To file form 990-PF, private foundations must
  require the following details.
• Name of the foundation, Employer Identification
  Number (EIN), address Telephone number
• Revenue, expenses, assets and liabilities
• Compensation paid to the officers, directors, and
  trustees
• Deferred charges and prepaid expenditures
• Other income tax on investment income,conferences,
  and travel

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Additional Requirements for Form 990-PF

• Private Foundations must attach 990-PF Schedule B
  if they have received 5,000 or more as
  contributions from any one contributor during the
  tax year.
• Learn more about 990 schedule B -
  https//www.tax990.com/form-990-schedules/schedule
  -b/

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Steps to file Form 990-PF with Tax990

• To E-File Form 990-PF, follow the below steps
• Step 1 Enter Your EIN (Employer Identification
  Number)
• Step 2 Add Organization Details
• Step 3 Choose Tax Year
• Step 4 Enter The Form Data
• Step 5 Review Transmit To IRS
• Visit https//www.tax990.com/e-file-form-990-pf/
  to know more.

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8
Choose Tax990 to E-File Form 990 PF

• Tax990 is an IRS authorized e-file provider
  trusted by numerous private foundations to e-file
  their 990-PF returns.
• Supports Free 990-PF Schedule B
• Ensures accuracy with Internal Audit Check
• Bulk upload templates to import data
• Retransmit Rejected Return for Free
• Live customer Support

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9
Contact Us

• If you have more queries, get in touch with our
  dedicated Tax 990 support team.
• Phone [phone]
• Email support_at_Tax990.com

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