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Return of Private Foundation Form 990-PF Department of the Treasury Internal Revenue Service, 2010, and ending u Initial return G Check all that apply: u Initial return of a former public charity
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What is return of private foundation?
A return of private foundation is a form that private foundations must file with the IRS to report their financial activities and compliance with tax laws.
Who is required to file return of private foundation?
Private foundations are required to file a return if their annual gross receipts exceed $200,000 or if they have assets valued at or above $500,000.
How to fill out return of private foundation?
To fill out a return of private foundation, you need to complete Form 990-PF provided by the IRS. It requires information about the foundation's financial activities, including income, expenses, grants, investments, and compliance with tax laws.
What is the purpose of return of private foundation?
The purpose of the return of private foundation is to provide the IRS with detailed financial information about the foundation's activities and ensure compliance with tax laws applicable to private foundations.
What information must be reported on return of private foundation?
The return of private foundation requires reporting of the foundation's income, expenses, assets, grants, investments, compensation of officers, and compliance with tax laws, among other information.
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