Get the free U.S. TREAS Form treas-irs-4720-1998

This document is a tax form used to report certain excise taxes applicable to charities and foundations under specific sections of the Internal Revenue Code for the calendar year 1998.

How to fill out us treas form treas-irs-4720-1998

How to fill out U.S. TREAS Form treas-irs-4720-1998

1. Obtain the U.S. TREAS Form 4720 from the IRS website or local IRS office.
2. Read the instructions thoroughly to understand the requirements and purpose of the form.
3. Fill in your personal information, including your name, address, and taxpayer identification number.
4. Identify the type of tax-related issues being reported, such as excess benefit transactions or certain prohibited acts.
5. Complete each relevant section of the form by providing accurate details about the transactions or events.
6. Ensure any necessary supporting documentation is collected and attached to the form.
7. Review the completed form for accuracy and completeness.
8. Sign and date the form where required.
9. Submit the form to the IRS by the specified deadline, either electronically or via mail.

Who needs U.S. TREAS Form treas-irs-4720-1998?

1. U.S. TREAS Form 4720 is needed by certain organizations and individuals involved with charities, including private foundations and certain tax-exempt organizations.
2. It is specifically required for reporting specific tax-related transactions that may include excess benefits or violations of applicable tax regulations.

People Also Ask about

What is 4720?

Form 4720 is used to report certain excise taxes under Chapter 42 of the Internal Revenue Code. This form is important for organizations like private foundations and charities to disclose any taxes owed on excess benefits or other tax-related issues.

What is the purpose of Form 4720?

Form 4720, Return of Certain Excise Taxes on Charities and Other Persons Under Chapters 41 and 42 of the Internal Revenue Code PDF, is intended primarily for use with Form 990-PF and provides for figuring and reporting the initial taxes imposed under sections 4941, 4942, 4943, 4944 and 4945 on private foundations,

What is the full form of IRS in US payroll?

The Internal Revenue Service (IRS) is the revenue service for the United States federal government, which is responsible for collecting U.S. federal taxes and administering the Internal Revenue Code, the main body of the federal statutory tax law.

For pdfFiller’s FAQs

What is U.S. TREAS Form treas-irs-4720-1998?

U.S. TREAS Form treas-irs-4720-1998 is a tax form used by certain tax-exempt organizations to report acts of self-dealing, excess benefit transactions, and other violations under the Internal Revenue Code.

Who is required to file U.S. TREAS Form treas-irs-4720-1998?

Organizations that are described in Section 501(c)(3) of the Internal Revenue Code and engage in certain prohibited activities, such as excess benefit transactions or self-dealing, are required to file the form.

How to fill out U.S. TREAS Form treas-irs-4720-1998?

To fill out the form, organizations must provide specific details about the transactions in question, including the parties involved, amounts, and descriptions of the transactions. Detailed instructions accompany the form, guiding users through the required entries.

What is the purpose of U.S. TREAS Form treas-irs-4720-1998?

The purpose of U.S. TREAS Form treas-irs-4720-1998 is to ensure transparency and compliance with tax regulations among tax-exempt organizations, specifically regarding transactions that may not be in the best interest of the organization.

What information must be reported on U.S. TREAS Form treas-irs-4720-1998?

The form requires reporting information such as the nature of the prohibited transaction, the identities of parties involved, the amounts involved, and any applicable sanctions or penalties related to the transaction.