Instructions For Form 4720 - 2016 printable pdf download

2016

Department of the Treasury

Internal Revenue Service

Instructions for Form 4720

Return of Certain Excise Taxes Under Chapters 41 and 42 of the

Internal Revenue Code

(Sections 170(f)(10), 664(c)(2), 4911, 4912, 4941, 4942,

4943, 4944, 4945, 4955, 4958, 4959, 4965, 4966, and 4967)

Contents

Page

for excess business holdings under

Section references are to the Internal Revenue

Code unless otherwise noted.

section 4943;

Donor Advised Funds

The section 4911 tax on excess

(Section 4966) . . . . . . . . . . . .

Contents

Page

lobbying expenditures by public

Schedule L—Taxes on Prohibited

General Instructions . . . . . . . . . . . . .

Benefits Distributed From

charities that have elected to be subject

Purpose of Form . . . . . . . . . . . . . . .

Donor Advised Funds

to section 501(h) regarding

Who Must File . . . . . . . . . . . . . . . .

(Section 4967) . . . . . . . . . . . .

expenditures to influence legislation.

Where To File . . . . . . . . . . . . . . . . .

Schedule M—Tax on Failure to

(Private foundations and section

When To File . . . . . . . . . . . . . . . . .

Meet the Community Health

4947(a) trusts aren't eligible to make

Needs Assessment

Extension . . . . . . . . . . . . . . . . . . .

this election);

Requirements (Sections 4959

Name, Address, etc. . . . . . . . . . . . .

and 501(r)(3)) . . . . . . . . . . . . .

The section 4912 tax on disqualifying

Signature and Verification . . . . . . . . .

Paid Preparer . . . . . . . . . . . . . . . .

lobbying expenditures that result in loss

Attachments . . . . . . . . . . . . . . . . . .

of section 501(c)(3) tax-exempt status;

Phone Help . . . . . . . . . . . . . . . . .

Organizations Organized or

The section 4955 tax imposed on any

Photographs of Missing Children . . .

Created in a Foreign

amount paid or incurred by a section

How To Get Forms and

Country . . . . . . . . . . . . . . . . . .

Publications . . . . . . . . . . . . . .

501(c)(3) organization that participates

Tax Payments . . . . . . . . . . . . . . . .

IRS e-Services Makes Taxes

or intervenes in any political campaign

Rounding Off to Whole Dollars . . . . . .

Easier . . . . . . . . . . . . . . . . . .

on behalf of, or in opposition to, any

Penalties and Interest . . . . . . . . . . . .

Index . . . . . . . . . . . . . . . . . . . . .

candidate for public office;

Abatement . . . . . . . . . . . . . . . . . . .

The section 4958 initial taxes on

Initial Tax Liability . . . . . . . . . . . . . .

Future Developments

disqualified persons and organization

Completing the Schedules

. . . . . . . .

For the latest information about

managers of section 501(c)(3) (except

Amended Return . . . . . . . . . . . . . . .

developments related to Form 4720 and

private foundations), section 501(c)(4),

Specific Instructions for Page 1

. . . . .

its instructions, such as legislation

and section 501(c)(29) organizations

Schedule A—Initial Taxes on

enacted after they were published, go to

that engage in excess benefit

Self-Dealing (Section 4941) . . . . .

transactions;

Schedule B—Initial Tax on

The section 4959 tax on the failure by

Undistributed Income (Section

Reminders

a hospital organization to meet the

4942) . . . . . . . . . . . . . . . . . . .

community health needs assessment

Schedule C—Initial Tax on Excess

Part I, line 12, is used to enter the tax

Business Holdings (Section

requirements under section 501(r)(3);

imposed by section 4959 on a hospital

4943) . . . . . . . . . . . . . . . . . . .

The section 4965 taxes on prohibited

organization that fails to meet the

Schedule D—Initial Taxes on

tax shelter transactions;

community health needs assessment

Investments That Jeopardize

The section 4966 taxes on taxable

requirements under section 501(r)(3).

Charitable Purpose (Section

distributions by sponsoring

Also, Schedule M was added to Form

4944) . . . . . . . . . . . . . . . . . .

organizations maintaining donor

4720 to enter information about the

Schedule E—Initial Taxes on

advised funds;

Taxable Expenditures

hospital facility, the nature of the failure,

The section 4967 taxes on

(Section 4945) . . . . . . . . . . . .

and the computation of the tax.

distributions of prohibited benefits from

Schedule F—Initial Taxes on

General Instructions

Political Expenditures

donor advised funds;

(Section 4955) . . . . . . . . . . . .

The section 170(f)(10) tax on any

Schedule G—Tax on Excess

premiums paid on a personal benefit

Purpose of Form

Lobbying Expenditures

contract in connection with a transfer to

(Section 4911) . . . . . . . . . . . .

Use Form 4720 to figure and pay:

an organization or charitable remainder

Schedule H—Taxes on

The initial taxes on private

trust for which a charitable deduction

Disqualifying Lobbying

foundations and self-dealers, under

isn't allowed to the transferor; and

Expenditures (Section

sections 4941 through 4945 for

The section 664(c)(2) tax on the

4912) . . . . . . . . . . . . . . . . . .

self-dealing, failure to distribute income,

unrelated business taxable income of a

Schedule I—Initial Taxes on

excess business holdings, investments

Excess Benefit Transactions

charitable remainder trust.

(Section 4958) . . . . . . . . . . . .

that jeopardize charitable purpose, and

Who Must File

Schedule J—Taxes on Being a

taxable expenditures (see instructions

Party to Prohibited Tax

for Schedules A through E for

Shelter Transactions (Section

Organizations

definitions);

4965) . . . . . . . . . . . . . . . . . .

The initial tax on certain supporting

Private foundations and section

Schedule K—Taxes on Taxable

organizations and donor advised funds

Distributions of Sponsoring

4947(a) trusts. Generally, Form 4720

Organizations Maintaining

Jan 05, 2017

Cat. No. 13023Z

Instructions For Form 4720 - 2016

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