990 pf 2025

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There is an excise tax on the net investment income of most domestic private foundations. This tax must be reported on Form 990-PF, Return of Private Foundation PDF, and must be paid annually at the time for filing that return or in quarterly estimated tax payments if the total tax for the year is $500 or more.
What is the 990-PF? The 990-PF is the information return U.S. private foundations file with the Internal Revenue Service. This public document provides fiscal data for the foundation, names of trustees and officers, application information, and a complete grants list.
For tax years beginning after Dec. 20, 2019, the excise tax is 1.39% of net investment income, and there is no reduced 1 percent tax rate. This tax must be reported on Form 990-PF, Return of Private Foundation.
The 990 is a public document that you can search for on the websites for the Secretary of State or the Attorney General where the organization is incorporated. In addition, 990s are available from a variety of open source and subscription sources. You may also request them from an organization or from the IRS.
The Form 990-PF, entitled Return of Private Foundation is a report that must be filed each year with the Internal Revenue Service (IRS) by organizations exempt from Federal income taxes under section 501 of the Internal Revenue Code, and whose annual receipts are normally more than $25,000 a year.
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All depository taxes for a 990-PF return must be paid using the Electronic Federal Tax Payment System (EFTPS). For more information about EFTPS, or to enroll in the program, visit the EFTPS Website, or call 1 (800) 555-4477. Refer to Publication 966 and the Form 990-PF Instructions.
Private foundations are charitable organizations exempt from federal income tax and, consequently, do not pay traditional capital gains tax. Instead, they are subject to a 1.39% excise tax on net investment income, which includes capital gains on non-charitable use assets sold at a profit.
The 990-EZ and 990-N are for nonprofits who grossed less during the year (over $50,000 in total gross receipts and under $50,000 respectively). The 990-PF is for private foundations. Each form can be submitted electronically the IRS, and you must do so by the 15th day of the 5th month after your accounting period ends.

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