Life cycle of a private foundation: Required filings


Although they are exempt from income taxation, exempt organizations, including private foundations, are generally required to file annual returns of their income and expenses with the Internal Revenue Service. If an organization has unrelated business income tax, it must file an unrelated business income tax return. In addition to filing an annual exempt organization return, foundations may be required to file employment tax and other reports and returns, as discussed under Ongoing compliance. See Power of attorney if your organization will be represented by an agent or attorney, whether in person or by correspondence, in connection with your return.

You can get help with questions about ongoing compliance requirements, including required filings, from the IRS Exempt Organizations Division.

Additional information

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