This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for IRS Form 4720 for the current year.
This document contains official instructions for IRS Form 4720 , Return of Certain Excise Taxes Under Chapters 41 and 42 of the Internal Revenue Code - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 4720 is available for download through this link.
Q: What is IRS Form 4720?
A: IRS Form 4720 is a tax form for reporting certain excise taxes under chapters 41 and 42 of the Internal Revenue Code.
Q: Who needs to file IRS Form 4720?
A: Individuals or organizations that are liable for certain excise taxes under chapters 41 and 42 of the Internal Revenue Code may need to file IRS Form 4720.
Q: What are the excise taxes covered by IRS Form 4720?
A: IRS Form 4720 covers excise taxes related to private foundations, certain pension plans, and prohibited tax shelter transactions.
Q: When is the deadline for filing IRS Form 4720?
A: The deadline for filing IRS Form 4720 generally falls on the 15th day of the 5th month after the end of the foundation's tax year.
Q: Are there any penalties for not filing IRS Form 4720?
A: Yes, there are penalties for not filing IRS Form 4720 or for filing it late. It is important to comply with the filing requirements to avoid penalties.
Instruction Details:
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