Form 990-PF

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Form 990-PF

A form that some private foundations file with the IRS to report the tax owed on their investment income, as well as to report grants and other charitable distributions made during the tax year.
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A charitable organization registered with the Attorney General's Registry of Charitable Trusts where the restatement has resulted in the filing of an amended or superceding IRS Form 990 or 990PF.
Products: 1040 Professional ($99) includes more than 50 forms/schedules; California, New York and Massachusetts available ($19 each); 1040NR ($99); 1041 ($49) includes more than 50 forms/schedules; 1065 ($49) includes more than 40 forms/schedules; 1120 ($49) includes more than 50 forms/schedules; 1120F ($99) includes more than 50 forms/schedules; 1120-H ($49) includes more than 50 forms/schedules; 1120L ($99) includes more than 30 forms/schedules; 1120-PC ($99) includes more than 39 forms/schedules; 1120S ($49) includes more than 40 forms/schedules; 2290 ($39); 5471 ($79); 5500 ($49); 706 ($89); 709 ($79); 720 ($49); 940 ($39); 941 ($39); 990 ($49); 990PF ($89); planners for individuals ($20), corporations ($39), S corporations ($39), partnerships ($39), fiduciary ($39).
8) Exempt organization includes Forms 990, 990EZ, 990T, 990C, 990PF, 4720, 5227, and the following new Forms 5330, 5558, 8871, and 8872.
This item, capital gain net income, was reported on Form 990PF, Part I, line 7, column(b).
7) Includes Returns of Organizations Exempt from Income Tax (Forms 990, 990EZ, 990C, 990PF, 990T, 4720, and 5227).
6) Includes Forms 990, 990EZ, 990C, 990PF, 990T (exempt organization business income tax return), 4720, and 5227.
Some of the highlights of the week were two visits to the Old Post Office building to meet with SOI staff in the five editing units located there--first, SOI Unit 1, managed by Enid Stanger, which edits Forms 1120 and 1118; SOI Unit 2, managed by Gary Weicks, which also edits Forms 1120's; SOI Unit 3, managed by Gail Atkinson, which edits Forms 1040; SOI Unit 4, managed by Robert Murray, which edits miscellaneous returns, including Forms 990, 990PF, 990T, 1065, 8038, 8038G, and 5471, and 5227; and SOI Unit 5 swing group, headed by Shirlene Anderson, which edits Forms 706, 709, and 1120.
Minimum investment return was reported on Form 990PF, Part X, line 6.
6694 and 6695 include, among others, Forms 706, 709, 940, 941, 990PF, 990T, 1040, 1065, 1120, 1120S, and 5500, with the higher willful or reckless behavior rules applying to the preparation of, for example, Forms SS-8 and 990 and forms in the 1099 series (Rev.
Covered returns for the general preparer penalty of section 6694 include forms 706, 709, 940, 941, 990PF, 990T, 1040, 1065, 1120, 1120S and 5500.
59 only applies to publicly traded companies required to file a tax return with the California Franchise Tax Board; government agencies located in California, where the amount of the restatement exceeds the planning materiality; and charitable organizations registered by the Attorney General, in which the restatement has resulted in an amended or superceding IRS Form 990 or 990PF.
According to data collected from Form 990PF filings of nearly 500 Foundation Source clients, 83% exceeded this minimum distribution requirement by at least 0.