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Return of Private Foundation 90 P Form OMB No 1545-0052 or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation Department of the Treasury Internal Revenue Service Note. The
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90 P return is the return filed by individuals who have earned income from passive sources such as dividends, interest, or rental income.
Individuals who have earned income from passive sources such as dividends, interest, or rental income are required to file 90 P return.
To fill out 90 P return, individuals need to report their passive income sources, calculate the tax owed, and submit the return to the tax authorities.
The purpose of 90 P return is to declare and pay taxes on passive income earned by individuals.
On 90 P return, individuals must report their passive income sources, such as dividends, interest, or rental income, along with the corresponding tax calculations.
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