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Or, Form Y f Return of Private Foundation 990 -PF OMB No 1545-0052 or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation Department of the Treasury 201 2 Note. The foundation
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N O U RC stands for Notice of Uncertain Tax Position.
Taxpayers who have uncertain tax positions are required to file N O U RC.
N O U RC can be filled out online through the IRS website or manually on paper forms.
The purpose of N O U RC is to provide transparency to the IRS about uncertain tax positions taken by taxpayers.
Taxpayers must report details about the uncertain tax position, the tax code or regulation at issue, the amount of the tax benefit, and the rationale or analysis supporting the position on the N O U RC form.
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