[E-file Error Code F990PF-015-01] How do I resolve it?
47 views | Last modified 4/12/2021 3:21:03 AM EST | Added by ExpressTaxExempt Team

Applicable To
990-PF 990-N 990-EZ 990 8868 1120-POL

IRS Error Code F990PF-015-01

The sum of the Exempt operating foundation described in Section 4940(d)(2) and the Tax under Section 511 of the Excise Tax Based On Investment Income must have a value. If there is no value, then the sum can be treated as a zero.

What does it mean:

For a foundation described under Section 4940(d)(2), the sum of the Exempt operating foundation described in Section 4940(d)(2) and the Tax under Section 511 of the Excise Tax Based On Investment Income must have a value. If there is no value, then the sum can be treated as a zero.

Resolution:

If your private foundation meets the requirement of Section 4940(d)(2), make sure the sum of the Exempt operating foundation described in Section 4940(d)(2) and the Tax under Section 511 of the Excise Tax Based On Investment Income has a value. If there is no value, then the sum can be treated as a zero.

We'll keep you informed on the status of the return once we hear back from the IRS.

For any further assistance, we recommend contacting the IRS e-Help Desk Toll-Free Number 1-866-255-0654.

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