The Due Date for Both Form 990 (Return of Organization

question 73

True/False

The due date for both Form 990 (Return of Organization Exempt from Income Tax) and Form 990-PF (Return of Private Foundation) is the fifteenth day of the fifth month after the end of the taxable year.

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Definitions:

Interest Payments

The payments made periodically by a borrower to a lender as compensation for the use of borrowed funds.

Interest Rates

The percentage of a sum of money charged for its use, determining the cost of borrowing money or the return on invested capital.

Compounded Annually

Compounded annually refers to the process of calculating interest on both the initial principal and the accumulated interest from previous periods on a yearly basis.

Land Rent

The price paid for the use of land or natural resources, determined by its location, productivity, and competing uses.