Match the Following Tax Forms

question 93

Short Answer

Match the following tax forms.
a.Return of Private Foundation.b.Application for Recognition of Exemption under § 501(c)(3).c.Return of Organization Exempt from Income Tax.d.Return of Certain Excise Taxes on Charities and Other Persons under Chapters 41 and 42 of the Internal Revenue Code.e.Application for Recognition of Exemption under § 501(a).f.Application for Extension of Time.
-Form 4720

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Definitions:

Junior Subsidiary

A subsidiary that ranks below other subsidiaries in claim on assets and earnings.

Parallel Payments

Transactions where payment is made through duplicating payment streams, allowing for simultaneous settlements in different currencies or systems.

Credit Scoring

A statistical analysis performed by lenders and financial institutions to assess a person's creditworthiness and determine the likelihood of loan repayment.

Consumer Credit

Loans extended to individuals for personal, family, or household purchases or expenses.