Form 4720, Return of Certain Excise Taxes on Charities and Other Persons Under Chapters 41 and 42 of the Internal Revenue Code, is intended primarily for use with Form 990-PF and provides for figuring and reporting the initial taxes imposed under sections 4941, 4942, 4943, 4944, and 4945 on private foundations, foundation managers, and disqualified persons. These sections are discussed in Private Foundation Excise Taxes.
Paying the tax and filing Form 4720 are required for each year (or part of a year) in the taxable period applicable to the act or investment. Generally, the taxable period begins with the date of the act or investment and ends on the earlier of the date a notice of deficiency for the initial tax is mailed, or the date the initial tax is assessed.
- Instructions to Form 4720
- Return Due Dates for Exempt Organizations Excise Tax Returns (Forms 4720 and 6069)