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Return of Private Foundation 990-PF Form or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation 2012 Note. The foundation may be able to use a copy of this return to satisfy
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What is return of private foundation?
The return of private foundation is a form that must be filed by private foundations to report their financial information and activities to the IRS.
Who is required to file return of private foundation?
Private foundations, which are tax-exempt organizations, are required to file return of private foundation with the IRS.
How to fill out return of private foundation?
To fill out the return of private foundation, you need to obtain Form 990-PF from the IRS website and provide all the required financial and organizational information as specified in the instructions.
What is the purpose of return of private foundation?
The purpose of return of private foundation is to provide transparency and accountability in the operations and finances of private foundations. It helps the IRS monitor compliance with tax laws and ensures that the foundation is operating for its intended charitable purposes.
What information must be reported on return of private foundation?
The return of private foundation requires reporting of financial information, such as income, expenses, assets, and liabilities. It also requires information about the foundation's grants, investments, activities, and governance.
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