Tag: private foundation reporting requirements
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Completing the Correct 990 Return for Your Nonprofit Organization: Tax Filing Basics
Filing your organization’s tax return can be a once-a-year task that’s easy to overlook. To help you navigate the complexities of the 990 series returns, we’ve put together a guide outlining the filing requirements and the different forms available. Understanding the Basics The form you choose depends on your organization’s financial activity, which may vary…
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IRS Classifications and Tax Filing Requirements for Private Foundations
Is your organization classified as a Private Foundation? It’s important to recognize the distinction between a public charity and a private foundation. Let’s delve into why your organization might fall under the category of a Private Foundation rather than a Public Charity. We’ll also explore how the IRS treats private foundations and examine the filing…
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Form 990-PF for Private Foundations: Completing Parts 1, 2, 3, and 4
The 990-PF form is a lengthy document consisting of 13 pages, and 16 Parts that allow the foundation to provide extensive information to the IRS regarding the activities and actions of the organization throughout the tax year. We are going to break down these different parts in a 4-part blog series to help explain the…