Private foundation excise tax return (Form 4720)

An organization that has violated a tax rule that makes it liable for private foundation excise taxes must file Form 4720, Return of Certain Excise Taxes Under Chapters 41 and 42 of the Internal Revenue Code PDF, to report and pay such taxes. For initial taxes imposed under sections 4941 through 4944, Form 4720 must be filed for each year (or part of a year) in the taxable period as defined in those sections. For initial taxes imposed under section 4945, Form 4720 should be filed for the year in which an act giving rise to liability occurred.

A manager, self-dealer, disqualified person, donor, donor advisor, or related person who owes tax under Chapter 41 or 42, (including an entity manager under section 4965), may no longer report the tax on the Form 4720 filed by the organization. Each taxpayer must file a separate Form 4720.

In addition, a charitable remainder trust must file Form 4720 if it has unrelated business taxable income.

Additional information

• Form 4720 - When to file
• Form 4720 - Where to file

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