Get the free Tax Form 990-PF - Broadcom Foundation - broadcomfoundation

Form 990-PF Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation Note. The foundation may be able to use a copy of this return to satisfy state

How to fill out tax form 990-pf

How to fill out tax form 990-pf:

1. Begin by gathering all necessary information and documentation, including financial statements, grants and contributions, and any relevant schedules or attachments.
2. Next, carefully review the instructions provided by the Internal Revenue Service (IRS) for completing form 990-pf. Pay close attention to the specific requirements and guidelines outlined.
3. Start by entering the organization's name, address, and other identification details in the appropriate sections of the form.
4. Fill out Part I, which includes information about the organization's foundation status, tax year, and accounting method.
5. Move on to Part II, which requires an overview of the organization's activities, including its charitable purposes, grants made, and any expenditures related to administrative or other expenses.
6. Complete Part III, which covers the organization's statement of assets and liabilities, as well as its revenue and expenses.
7. Ensure that all required schedules and attachments are properly filled out and attached to the form. These may include Schedule A, outlining public charity status; Schedule B, disclosing contributors' information; and Schedule D, documenting certain investment income and expenses.
8. Double-check the completed form and all attached schedules for accuracy and completeness. Make sure all required signatures are provided.
9. File the completed tax form 990-pf with the IRS by the specified deadline, which is generally the 15th day of the 5th month after the organization's tax year ends.
10. Finally, retain a copy of the submitted form and all related documentation for record-keeping purposes.

Who needs tax form 990-pf:

1. Tax form 990-pf is required for private foundations, including domestic and certain foreign organizations, that are exempt from income tax under section 501(c)(3) of the Internal Revenue Code.
2. It is important to note that tax-exempt organizations other than private foundations typically file a different form, such as form 990 or form 990-EZ, to report their financial information to the IRS.
3. Organizations that meet the definition of a private foundation and have a certain level of gross receipts, assets, or grants may be required to file tax form 990-pf to fulfill their reporting obligations to the IRS.

For pdfFiller’s FAQs

What is tax form 990-pf?

Tax form 990-PF is the annual return filed by private foundations in the United States to provide information about their financial activities, grants, and expenditures.

Who is required to file tax form 990-pf?

Private foundations, as defined by the IRS, are required to file tax form 990-PF.

How to fill out tax form 990-pf?

Tax form 990-PF can be filled out by providing required financial and organizational information, including details about income, expenses, grants, investments, and governance.

What is the purpose of tax form 990-pf?

The purpose of tax form 990-PF is to provide transparency and accountability for private foundations, ensuring they meet their charitable purposes and comply with relevant tax laws.

What information must be reported on tax form 990-pf?

Tax form 990-PF requires reporting of financial information, details of grants and contributions, investments, governance, compensation, and other relevant information about the foundation's activities.

When is the deadline to file tax form 990-pf in 2023?

The deadline to file tax form 990-PF in 2023 is typically on the 15th day of the 5th month following the end of the foundation's tax year. It may vary depending on the foundation's specific tax year.

What is the penalty for the late filing of tax form 990-pf?

The penalty for late filing of tax form 990-PF can vary based on the size of the foundation. It can range from $20 to $100 per day for each day the return is late, with a maximum penalty of $50,000 or 5% of the foundation's assets, whichever is lesser.

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