A penalty of $260 per information return
may be imposed for filing forms that cannot be scanned (lowered to $50 if corrected within 30 days, and $100 if corrected prior to August 1).
It will also allow the taxpayer additional time in which to process more accurate data and include forms, such as Form 5471, Information Return
Guidance for International Information Return
Income Tax Return for Estates and Trusts; 3 1/2 months on Form 5500, Annual Return/Report of Employee Benefit Plan; and six months on Form 990, Return of Organization Exempt From Income Tax; Form 4720, Return of Certain Excise Taxes Under Chapters 41 and 42 of the Internal Revenue Code; Form 5227, Split-Interest Trust Information Return
; Form 6069, Return of Excise Tax on Excess Contributions to Black Lung Benefit Trust Under Section 4953 and Computation of Section 192 Deduction; Form 8870, Information Return
for Transfers Associated With Certain Personal Benefit Contracts; and Form 3520-A, Annual Information Return
of a Foreign Trust With a U.
This revised information return
must be used for reporting charities' fiscal periods ending in 2013 or later (i.
In nine case studies, filers of information returns
told GAO that existing information return
costs were relatively low.
This article explores the policy implications associated with information return
Last year, more than 450,000 organizations sent the Internal Revenue Service ORS) paper copies of Form 990, the annual information return
for tax-exempt entities.
Three pieces actually: A 9x12-inch white carrier envelope with no teaser--just the Kennedy Information return
address, with logo, printed in black.
An NPO is not required to file an information return
under the ITA unless it has certain types of income, such as:
This rule states that if the check is delivered to an attorney who is not a payee, the information return
must be filed with respect to that attorney if it is reasonable to believe that the attorney is receiving the check in connection with performing services.
Taxpayers also would win the right to sue anyone filing a false information return
, such as a Form 1099 or Form W-2.