480.7(OE) Rev. 04.21 Inst. Rev. 04.21. 480.7(OE) Rev. 04.21 Inst. Rev. 04.21 2025

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The document is the Formulario 480.7(OE) Rev. 04.21, an informational tax return for exempt organizations in Puerto Rico under Section 1101.01 of the Internal Revenue Code. It outlines the requirements for filing, including details on income, expenses, and contributions related to non-profit activities. The form requires organizations to report their financial activities, including net income from unrelated business activities, and provides instructions for calculating special contributions based on compensation paid to high-earning officials and employees. Additionally, it includes sections for detailing organizational structure, financial status, and compliance with tax regulations.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the organization’s name, address, and identification number at the top of the form.
Fill in the fiscal year dates in the designated fields, ensuring accuracy for proper processing.
In Part I, summarize your organization’s mission and significant activities; this helps clarify your purpose.
Proceed to report all income sources in Part II, ensuring to categorize them correctly as per instructions.
In Part III, detail all expenses related to income generation; be thorough to avoid discrepancies.
Complete Parts IV through VIII as applicable, providing necessary financial details and signatures where required.
Review all entries for accuracy before submitting; utilize our platform's features for easy editing and signing.

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Versions	Form popularity	Fillable & printable
2021	4.4 Satisfied (21 Votes)
2017	4.8 Satisfied (192 Votes)
2008	4.3 Satisfied (53 Votes)

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