Get the free Form 940-PF Return of Private Foundation - Foundation Center

EXTENSION GRANTED TO 11J15/12 Return of Private Found action Form 940-PF Department of the Treasury year Name of foundation 45-3956521 BARGAIN FAMILY FOUNDATION Room/site and ZIP code SAN ANTONIO,

How to fill out form 940-pf return of

How to fill out form 940-pf return of:

1. Gather all necessary information: Before you start filling out form 940-pf, make sure you have all the relevant information at hand. This includes the employer identification number (EIN), the address of the organization, and details about the organization's payroll.
2. Determine your filing status: The form 940-pf must be filled out by private foundations that have accumulated tax on net investment income. Confirm if your organization falls under this category and needs to file this form.
3. Fill out the identification section: Begin by entering the organization's name, address, and EIN at the top of the form. Double-check this information to ensure accuracy.
4. Complete Part I - Converting net investment income to tax liability: This section requires you to compute the tax based on your foundation's investment income. Follow the instructions provided to calculate the tax amount accurately.
5. Proceed to Part II - Payment of tax: In this section, you'll enter the total tax liability calculated in Part I. If any overpayment exists from a previously filed form, you can apply it here. Compute the total tax paid and any remaining balance.
6. Include necessary attachments: Ensure you've attached any required schedules or forms that accompany the form 940-pf. Review the instructions to determine if anything needs to be included.
7. Verify the accuracy: Once you have completed all the sections of the form, thoroughly review each entry for accuracy. Any errors or discrepancies can lead to delays or penalties.
8. Sign and date the form: Finally, sign and date the form to certify its accuracy. As the person responsible for filing the form, make sure your signature is included.

Who needs form 940-pf return of:

1. Private foundations: The form 940-pf is specifically required to be filed by private foundations that have accumulated tax on net investment income. It is not applicable to other types of organizations or businesses.
2. Accumulated net investment income: To trigger the need for filing form 940-pf, the private foundation must have a taxable net investment income of $500 or more during the tax year.
3. Annual filing requirement: Organizations falling under the definition of private foundations and meeting the criteria for net investment income taxation are required to file form 940-pf annually to report their tax liability.

It is important to consult with a tax professional or refer to the official IRS instructions specific to form 940-pf for comprehensive guidance on filling out and filing this return accurately.

For pdfFiller’s FAQs

What is form 940-pf return of?

Form 940-PF is the return for Credit for Federal Tax Paid on Fuels.

Who is required to file form 940-pf return of?

Organizations claiming credits for federal tax paid on fuels are required to file form 940-PF.

How to fill out form 940-pf return of?

Form 940-PF should be filled out with accurate information regarding the federal tax paid on fuels and any credits claimed.

What is the purpose of form 940-pf return of?

The purpose of form 940-PF is to claim credits for federal tax paid on fuels.

What information must be reported on form 940-pf return of?

Information regarding federal tax paid on fuels and any credits claimed must be reported on form 940-PF.

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