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Return of Private Foundation For, 990-PF Department of the Treasury Internal Revenue Service or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation Check all that apply:
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What is return of private foundation?
The return of a private foundation refers to the annual tax form that must be filed by a private foundation with the Internal Revenue Service (IRS) to report its financial and operational activities.
Who is required to file return of private foundation?
Private foundations are required to file a return with the IRS, regardless of their size or level of activity.
How to fill out return of private foundation?
To fill out a return of a private foundation, the foundation must complete Form 990-PF, which is provided by the IRS. The form requires various financial and operational information about the foundation.
What is the purpose of return of private foundation?
The purpose of the return of a private foundation is to provide the IRS with information about the financial and operational activities of the foundation, including details about its revenue, expenses, grants, and investments.
What information must be reported on return of private foundation?
The return of a private foundation must report information such as the foundation's financial statements, details of its grant-making activities, compensation of officers and key employees, and any potential conflict of interest.
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