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' S, FormReturn of Private Foundation99DPFDepartrrent of the Turn Internal Revenue Service OMB No 15450052or Section 4947(a)(1) Trust Treated as Private Foundation. Do not enter social security numbers
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How to fill out return of private foundation

01
Step 1: Gather all necessary financial documents and records of the private foundation.
02
Step 2: Fill out the designated IRS form for the return of private foundation.
03
Step 3: Provide accurate and complete information regarding the foundation's income, expenses, assets, and grants.
04
Step 4: Ensure all required schedules and attachments are included with the return.
05
Step 5: Review the completed return for any errors or omissions.
06
Step 6: File the return by the specified deadline, usually the 15th day of the 5th month after the end of the foundation's taxable year.
07
Step 7: Keep a copy of the completed return and all supporting documents for record-keeping purposes.

Who needs return of private foundation?

01
Private foundations are required to file a return with the IRS annually regardless of their income or assets.
02
Any individual or organization that operates as a private foundation under the tax law needs to file the return.
03
This includes foundations that are exempt from income tax but still subject to excise taxes, as well as those that have charitable activities.
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