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, 4960, 4965, 4966, 4967, and 4968)

Section references are to the Internal Revenue Code unless otherwise noted.

Contents Page General Instructions . . . . . . . . . . . . . . . . . . . . . . . . . 2 Purpose of Form . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Who Must File . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Where and How To File . . . . . . . . . . . . . . . . . . . . . . . 3 When To File . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Extension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Name, Address, etc. . . . . . . . . . . . . . . . . . . . . . . . . . 4 Signature and Verification . . . . . . . . . . . . . . . . . . . . . 4 Attachments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Organizations Organized or Created in a Foreign

Country . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Tax Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Rounding Off to Whole Dollars . . . . . . . . . . . . . . . . . . 5 Penalties and Interest . . . . . . . . . . . . . . . . . . . . . . . . 5 Abatement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Initial Tax Liability and Correction . . . . . . . . . . . . . . . . 6 Completing the Schedules . . . . . . . . . . . . . . . . . . . . 6 Amended Return . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Specific Instructions for Page 1 . . . . . . . . . . . . . . . . . 7 Schedule A—Initial Taxes on Self-Dealing (Section

4941. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Schedule B—Initial Tax on Undistributed Income

(Section 4942) . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Schedule C—Initial Tax on Excess Business

Holdings (Section 4943) . . . . . . . . . . . . . . . . . . . 9 Schedule D—Initial Taxes on Investments That

Jeopardize Charitable Purpose (Section 4944) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Schedule E—Initial Taxes on Taxable Expenditures

(Section 4945) . . . . . . . . . . . . . . . . . . . . . . . . . 13 Schedule F—Initial Taxes on Political Expenditures

(Section 4955) . . . . . . . . . . . . . . . . . . . . . . . . . 14 Schedule G—Tax on Excess Lobbying

Expenditures (Section 4911) . . . . . . . . . . . . . . . 15 Schedule H—Taxes on Disqualifying Lobbying

Expenditures (Section 4912) . . . . . . . . . . . . . . . 15 Schedule I—Initial Taxes on Excess Benefit

Transactions (Section 4958) . . . . . . . . . . . . . . . 15 Schedule J—Taxes on Being a Party to Prohibited

Tax Shelter Transactions (Section 4965) . . . . . . . 17 Schedule K—Taxes on Taxable Distributions of

Sponsoring Organizations Maintaining Donor Advised Funds (Section 4966) . . . . . . . . . . . . . . 18

Contents Page Schedule L—Taxes on Prohibited Benefits

Distributed From Donor Advised Funds (Section 4967) . . . . . . . . . . . . . . . . . . . . . . . . . 19 Schedule M—Tax on Hospital Organization for

Failure to Meet the Community Health Needs Assessment Requirements (Sections 4959 and 501(r)(3)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Schedule N—Tax on Excess Executive

Compensation (Section 4960) . . . . . . . . . . . . . . 20 Schedule O—Excise Tax on Net Investment

Income of Private Colleges and Universities (Section 4968) . . . . . . . . . . . . . . . . . . . . . . . . . 21 Paid Preparer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Phone Help . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Photographs of Missing Children . . . . . . . . . . . . . . . 22 How To Get Forms and Publications . . . . . . . . . . . . . 22 IRS e-Services Makes Taxes Easier . . . . . . . . . . . . . 22 Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24