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Form OMB No 1545 0047 990 Return of Organization Exempt From Income Tax 2011 Under section 501 (c), 527, or 4947(AXL) of the Internal Revenue Code (except black lung benefit trust or private foundation)
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Who needs initial return terminated:
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Individuals or businesses who have filed an initial return form but now wish to terminate or cancel their previously submitted return.
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Organizations or entities that have undergone significant changes in their financial or operational status that require the termination of their initial return.
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What is initial return terminated?
Initial return terminated refers to the process of filing a return to the appropriate tax authority when a business ceases its operations or terminates its existence.
Who is required to file initial return terminated?
Any business entity that is ceasing its operations or terminating its existence is required to file an initial return terminated.
How to fill out initial return terminated?
To fill out an initial return terminated, the business entity must provide information on its assets, liabilities, income, and expenses up to the date of termination.
What is the purpose of initial return terminated?
The purpose of initial return terminated is to inform the tax authority that the business entity is ceasing its operations or terminating its existence and to settle any outstanding tax obligations.
What information must be reported on initial return terminated?
The business entity must report its assets, liabilities, income, and expenses up to the date of termination on the initial return terminated.
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