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Get the free Initial return initial Return of a former public charity

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OMB No 1545.0052Return of Private FoundationForm 990PFor Section 4947(AXL) Nonexempt Charitable Trust Treated as a Private Foundation Department of the Treasury Internal Revenue Service, 2009, and
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The initial return is the first tax return that a newly formed company or individual taxpayer must file with the tax authority, reporting their income and financial activities for the period since inception.
Newly incorporated companies, partnerships, or any individual taxpayer who has not previously filed a return and needs to report their initial income and activities.
To fill out the initial return, taxpayers need to provide their business information, income earned, expenses incurred, and any deductions or credits they may qualify for, using the appropriate tax forms.
The purpose of the initial return is to officially report the start of operations, document income earned, and establish a tax record for the entity or individual with the tax authority.
Taxpayers must report their name, address, tax identification number, income sources, expenses, deductions, credits, and any other relevant financial information.
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