Error Code F990PF-905-01 indicates the organization has not been established as a private foundation with the IRS (only private foundations can file Form 990-PF). Received this code? Read on for more information about what it is, why you received it, and what you should do about it.
What is Error Code F990-905-01?
As mentioned above, receiving Error Code F990PF-905-01 means that you have stated your organization is a private foundation but the IRS disagrees.
As not all nonprofit organizations are considered private foundations, there are several specific qualifications that must be met. The IRS will assist in determining whether your organization is a private foundation (and therefore eligible to file a 990-PF Form).
What Should You Do?
First things first–you’ll want to reference your IRS determination letter or a previously filed (and accepted) tax form. If you do not have this documentation, you will need to contact the IRS to determine what your organization’s tax-exempt status is.
If your organization is indeed a private foundation, your organization’s determination letter will very clearly indicate this.
If your determination letter (or prior accepted return) indicates that your organization is in fact a private foundation, you’ll need to contact the IRS. They can assist you in determining why your 990-PF form was rejected.
The IRS Tax Exempt Hotline is 877-829-5500.
Note: When you call the IRS, it’s helpful to have your EIN and organization name readily available.
If your organization’s determination letter or the IRS itself determines your organization is not recognized as a private foundation, then you can delete the rejected 990-PF form and file a new (applicable) return based on your organization’s gross receipts/assets.
- 990-N: Filed by organizations with gross receipts less than $50,000
- 990-EZ: Filed by organizations with gross receipts less than $200,000 and total assets less than $500,000
- 990: Filed by organizations with gross receipts of $200,000 or more (or) total assets of $500,000 or more.
Retransmit Rejected Returns for Free with Tax990!
After you’ve worked through the rejection error with the IRS (and confirmed your organization is a private foundation), you’ll be able to make any necessary edits and retransmit it to the IRS.
With Tax 990, you can edit and retransmit your rejected returns for free! Note that retransmitting is only free if you are retransmitting the original form–if your organization is not a private foundation and you are required to transmit an alternate return, there will be a filing fee associated with the alternative form.
Need to retransmit your form? It’s easy! Just follow these simple steps:
- Log into your Tax990 account
- Find the rejected return on the Home page or on your ‘990 Series‘ page
- Once you’ve found the right return, click the “Rejected by the IRS” button be taken to the next page
- Depending on the filing method you chose, you’ll be redirected to the corresponding page.
- Review the form details and correct any errors listed. Once done, click “Transmit” to re-transmit your return to the IRS–at no additional cost.
After you’ve re-transmitted the return, you’ll receive updates about the status of your 990-PF Form.
File Accurate and Complete Forms with Tax990
Tax990 makes harsh penalties for small errors a thing of the past! When you e-file with us, mistakes are no big deal–you’ll be notified by our internal audit system and given the opportunity to correct the errors before you transmit in the first place.
Need more information on all things Form 990? Our website is full of guides, blogs, and videos all about the 990 process. Our dedicated customer support team is available to answer questions Monday through Friday, 8:30 AM – 5:30 PM EST via email, live chat, and phone.
Tax990 makes e-filing your organization’s Form 990 a breeze. Find out just how simple it can be by getting started today!