File Form 990-PF with an easy-to-use online tax preparation software.
Complete and transmit your Form 990-PF to the IRS more quickly and securely with our simple step-by-step process.
Deadline to File Form 990-PF
Private foundations have to file Form 990-PF by the 15th day of the 5th month after their accounting
period ends.
Late Filing Penalties
Organizations who file Form 990-PF late or send an incomplete return will incur penalties fees from the IRS. Charges are typically $20 each day your return is late or $100 each day for organizations with gross receipts over than $1 million. The maximum penalty is $50,000 or 5% of gross receipts, whichever is the least amount. If a private foundation fails to pay any tax liabilities before the filing date, the IRS charges half of 1% of the amount due each month or part of the month the bill is left unpaid - up to 25% of the
tax amount.
A private foundation can lose exemption status if it fails to file a 990-PF form for three consecutive years. In such case, the organization is responsible for filing income tax returns, paying income taxes, and filing Form 990-PF as a taxable private foundation until exemption
status is reinstated.
Form 990-PF - Overview
IRS Form 990-PF is a tax return for private foundations to report annual revenue, expenses, and a complete list of grants, along with other information to the IRS. The 990-PF form applies to exempt and taxable private foundations and also to non-exempt charitable trusts which are treated as
private foundations.
The IRS requires different types of private foundations to file Form 990-PF which includes, but not limited to
- Exempt private foundations
- Taxable private foundations
- Your form is safely and securely transmitted directly to the IRS.
- Organizations with private foundation status but also have an exempt status
application pending - Organizations with private foundation status but have not applied for exempt status or have status under retroactive recognition of exemption
- Organizations filing an election under section 41(e)(6)(D)(iv)
- Private foundations filing a section 507(b) termination
- Nonexempt charitable trusts treated as private foundations
Private foundations are responsible for filing Form 990-PF to calculate the tax based on their investment income and to report any charitable distributions or activites. The 990-PF form also serves a substitute Form 1041 for nonexempt charitable trusts when there is no taxable income.
Form 990-PF Schedule
The organizations which are filing Form 990-PF must include the additional informations by attaching the schedule.
Schedule B - Schedule of Contributors
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time-saving features:
- Schedule B and Financial Statements - Answer the form interview questions, and Fileform990pf.com will automatically generate 990-PF Schedule B and statement attachments based on your responses.
- Internal Audit Check - Check your IRS Form 990-PF for any mistakes with the built-in audit check and submit an error-free return the first time.
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Amended Return -
Correct or change information from an accepted 990-PF for a prior
filing year. - Manage Reviewers and Approvers - Send invitations via email to board members or other key officers to review and e-sign your completed 990-PF return before submitting.
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When its year end, your organization has to compile with W-2 & 1099 Reporting if you have employees or contractor working for your organization. Check the following links to know more about it.
Steps to File Form 990-PF Online with fileform990pf.com
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Add Organization Details
Search for your EIN, and our system will import your organization’s IRS data or enter your organization’s details manually.
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Choose Tax Year
Tax990 supports filing for the current and previous tax year. Simply select the tax year and form you need, then proceed.
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Enter Form Data
We provide both Form-based and Interview-style filing options, choose your preferred method for entering form information.
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Review your Form Summary
After completing the form, review the summary. Invite key members of the organization to review and approve the return as needed.
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Transmit it to the IRS
After thoroughly reviewing the return, transmit it to the IRS. The Tax990 system will provide IRS status updates via email and text.
Pricing starts at $169.90 per return
Get More Time to File Form 990-PF
With fileform990pf.com, you can also extend your 990-PF filing deadline by e-filing Extension Form 8868. The 8868 form grants an automatic 6-month extension of time and can be filed quickly and easily from your account.
E-file Extension Form 8868 while on the go with the Form 8868 mobile app for iOS and Android devices.
