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Form990 P FI Department of the TreasuryReturn of Private Foundation OMB No 15450052or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation2012Note. The foundation may be able

How to fill out form 990-pfi return of

How to fill out form 990-pfi return of

1. To fill out Form 990-PFI Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation, follow these steps:
2. Gather all necessary information and documents, including your organization's financial records.
3. Download Form 990-PFI from the Internal Revenue Service (IRS) website or obtain a hard copy from an IRS office.
4. Read the instructions carefully to understand the requirements and specific sections of the form.
5. Fill out the identifying information section, including your organization's name, address, employer identification number (EIN), and tax year.
6. Complete Part I - Summary.
7. Provide information on your organization's activities, governance, and compensation in Part II - Activities, Governance, and Compensation.
8. Report details about your organization's income, assets, and expenditures in Part III - Net Assets, Balance Sheets, and Revenue.
9. Fill out Part IV - Supporting Organizations and Governance. This section applies only if your organization is classified as a supporting organization.
10. Provide information on your organization's investments in Part V - Investments - Other Than Those Reported in Part III.
11. Complete the remaining sections of the form, including Part VI - Specific Instructions and Part VII - Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors.
12. Review the form for accuracy and completeness.
13. Sign and date the form.
14. Make a copy of the completed form for your records.
15. File the original form with the IRS by the due date.
16. Note: It is advisable to consult with a tax professional or accountant for assistance in properly filling out Form 990-PFI.

Who needs form 990-pfi return of?

1. Form 990-PFI Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation is required to be filed by private foundations and certain nonexempt charitable trusts.
2. Private foundations are typically formed by individuals, families, or corporations and have specific tax-exempt status as a charitable organization.
3. Nonexempt charitable trusts treated as private foundations are trusts that do not qualify for tax-exempt status as public charities but are subject to the same regulations and reporting requirements as private foundations.
4. Both private foundations and nonexempt charitable trusts treated as private foundations must file Form 990-PFI to report their financial activities and ensure compliance with tax laws.
5. It is important to consult the Internal Revenue Service (IRS) or a tax professional to determine if your organization falls under the requirement of filing Form 990-PFI.

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What is form 990-pfi return of?

Form 990-PF is a return that private foundations are required to file with the IRS to report their financial activities, including income, expenses, and distribution of assets.

Who is required to file form 990-pfi return of?

Private foundations that are tax-exempt under Section 501(c)(3) of the Internal Revenue Code are required to file Form 990-PF.

How to fill out form 990-pfi return of?

Form 990-PF can be filled out by providing detailed information about the foundation's financial status, including income, expenditures, assets, and charitable contributions. Instructions provided by the IRS should be followed carefully.

What is the purpose of form 990-pfi return of?

The purpose of Form 990-PF is to provide the IRS and the public with information about the activities and financial status of private foundations to ensure compliance with tax laws.

What information must be reported on form 990-pfi return of?

Form 990-PF requires reporting on several items including total revenue, expenses, assets, amounts distributed to charities, and details about trustees and officers.