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This document contains the 2015 tax return for McCarthy COMPANY FOUNDATION, including financial details and compliance with IRS regulations.
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What is return of private foundation?
The return of a private foundation refers to the annual tax form that private foundations must file with the IRS to report their financial activities, including income, expenses, and distributions made to charitable organizations.
Who is required to file return of private foundation?
All private foundations, regardless of their size, are required to file a return, typically IRS Form 990-PF, unless they are formally dissolved.
How to fill out return of private foundation?
To fill out the return, a private foundation must complete IRS Form 990-PF, providing detailed information about its financial activities, including revenues, expenditures, and the amount of charitable distributions made during the year.
What is the purpose of return of private foundation?
The purpose of the return is to ensure transparency and accountability in the foundation's operations, allowing the IRS to monitor compliance with federal tax laws and requirements for charitable giving.
What information must be reported on return of private foundation?
The return must report financial information such as income, expenses, assets, liabilities, and detailed information about grants and distributions made to charitable organizations.
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