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Return of Private Foundation Form 990-PF Department of the Treasury Internal Revenue Service G Check all that apply, 2009, and ending Initial return H Amended return Use the IRS label. Otherwise,
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What is return of private foundation?
The return of private foundation refers to the annual filing that private foundations are required to submit to the Internal Revenue Service (IRS). It includes financial and operational information about the foundation.
Who is required to file return of private foundation?
Private foundations are required to file a return with the IRS if they have more than $50,000 in assets during the tax year, regardless of whether they have any taxable income.
How to fill out return of private foundation?
To fill out the return of a private foundation, you need to use Form 990-PF provided by the IRS. The form requires information about the foundation's finances, activities, grants, and other pertinent details.
What is the purpose of return of private foundation?
The purpose of the return of a private foundation is to provide transparency and accountability for private foundations. It helps ensure that they are meeting their charitable purposes and complying with tax regulations.
What information must be reported on return of private foundation?
The return of a private foundation requires reporting of financial information, including revenue, expenses, assets, and liabilities. It also requires reporting on the foundation's activities, grants, contributions, and more.
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