Section 03 - Field Descriptions

Section 04 Fields are located in Form 4720.

The chart below shows the Fields for Section 03 including Field Designator, title, location on return, and number of positions. Section 03 Fields are variable length, dollars and cents.

This section is required, and there must be an amount in at least one of the Fields unless one of the following conditions is present:

Field 01CCC contains CCC "G" or

Field 01ADC Audit Code, contains "4" .

No.

Field

Title

Location

Max Length

03EIN

Organization EIN

Part II, Column (b)

9

031

Tax on Self Dealing

Part II, Line 1

15

032

Tax on Investments that Jeopardize

Part II, Line 2

15

033

Tax on Taxable Expenditures

Part II, Line 3

15

034

Tax on Political Expenditures

Part II, Line 4

15

035

Tax on Disqualifying Lobbying Expenditures

Part II, Line 5

15

036

Tax on Excess Benefits

Part II, Line 6

15

037

Tax on Prohibited Transactions

Part II, Line 7

15

038

Tax on Taxable Distributions

Part II, Line 8

15

039

Tax on Prohibited Benefits

Part II, Line 9

15

0310

Total Tax Self Dealer

Part II, Line 10

15

031B

Part III Total Tax

Part III, Line 1

15

033B

Total Payments

Part III, Line 2

15

03B/R

Balance Due/Overpayment

Part II-B, Line 4

15

03G1

Excess Grassroots Expenditures

Schedule G, Line 1

15

03G2

Excess of Lobbying Expenditures

Schedule G, Line 2

15

03G4

Excess Lobbying Expenditures-Tax

Schedule G, Line 4

15

Invalid Conditions:

Section 03 will be identified as extraneous if this section is present, and Audit Code "4" is present in Field 01ADC.

Correction Procedures:

If "Substitute for Return Prepared by EO" is written across the top of the return, delete Section 03.

If the Audit Code is correct, delete Section 03.

If the Audit Code was entered in error, delete the entry in Field 01ADC.

Section 03 will display as a Missing Section if Audit Code "4" is missing and Section 03 is blank.

If Section 03 cannot be perfected from the return, enter Audit Code "4" in Field 01ADC. Do not delete Section 03.

Section 03 will display if Field 01ORG is incorrect.

Research to determine the taxpayers filing requirement and change Field 01ORG if necessary.

If research shows Field 01ORG is not correct, enter the correct code in Field 01ORG.