Part II. Enter in column (a) the names of all disqualified

persons who took part in the acts of self-dealing listed in Part I. If more than one disqualified person took part in an act of self-dealing, each is individually liable for the entire tax in connection with the act. But the disqualified persons who are liable for the tax may prorate the payment among themselves. Enter in column (c) the tax to be paid by each disqualified person.

A self-dealer filing Form 4720 should carry the appropriate amount in column (d) to Part II, line 1.

Caution: The organization should not carry any amount from column (d) to Part II, line 1.