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Extended to May 15, 2017, Return of Private Foundation990PFOMS No 154500522015Form or Section 4947(aK1) Trust Treated as Private Foundation Department of the Treasury Do not enter social security
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Gather all the necessary information and documents related to the trust.
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Fund the trust by transferring assets into its ownership.
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Section 4947ak1 trust is primarily for organizations that qualify as exempt from federal income tax under section 501(c)(3) and are classified as private operating foundations.
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A section 4947ak1 trust is a type of tax-exempt trust that is treated as a private foundation.
Any trust that falls under section 4947ak1 of the Internal Revenue Code is required to file as a private foundation.
To fill out a section 4947ak1 trust, the trust must submit Form 990-PF to the IRS.
The purpose of a section 4947ak1 trust is to ensure that tax-exempt trusts are following the rules and regulations set forth by the IRS.
Information such as income, expenses, grants, investments, and organizational structure must be reported on a section 4947ak1 trust.
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