Form 990-PF is for certain private foundations for report their annual information, contributions to the IRS.

1. An Outline of Form 990-PF
For Private Foundation
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2. What is Form 990-PF?
● IRS Form 990-PF is for certain private foundations should report their annual
information about their contributions, and direct charitable activities, officer
details for the respective tax year with IRS.
● After the completion of form 990-PF they classified as a private foundation.
Visit https://www.tax990.com/e-file-form-990-pf/ to know more.
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3. Who must file form 990-PF?
Form 990-PF is an annual information return that must be filed by the
private foundations:
● Exempt & Taxable private foundations
● They can claim private foundation status, haven't yet applied for exempt
status
● Nonexempt charitable trusts treated as private foundations
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4. When is the deadline to file form 990-PF?
● Generally, the deadline to file Form 990-PF is 15th day of 5th month
after the tax year ends.
● For Instance, if the Private Foundation follows calendar tax period (the
accounting period ends on December 31), then the form 990-PF is due by
May 15.
● If the Private foundation filed extension Form 8868 on May 15, then the
deadline is extended to November 15.
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5. What are information required to file form 990-PF?
To file Form 990-PF, filers need the following information
● Name of the foundation, EIN, address, and Telephone number
● Contributions, gifts, Compensation of officers, directors, trustees
● Prepaid expenses and deferred charges
● Other income
● Tax based on investment income , Travel, conferences, and meetings
Click here to know more about Form 990-PF instructions.
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6. Supporting schedules
Form 990-PF filers need to attach Schedule B
● Schedule B is used by nonprofit organizations & private foundations to report
details regarding the contributions they received during the corresponding tax
year.
● Visit https://www.tax990.com/form-990-schedules/schedule-b/ to learn
More about schedule B
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7. Penalties for filing form 990-PF:
● For late filing, the private foundations may be subjected to penalties of
$20/day - $105/day
● The IRS may seek an explanation from the foundation within a specific time
frame for every missing & incorrect form information. If the foundation exceeds
this time frame, they have to pay $10/day.
● Learn More about Form 990-PF penalties.
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8. Contact Us
Our support team is available at anytime to provide quick, effective solutions to
any issues you may encounter while filing.
Phone: (704) 839-2321
Email: support@Tax990.com
support@tax990.com
704.839.2321