Tax990 Knowledge Base

Value mismatch in nonexempt charitable trust [F990PF-065-02] - How do I resolve it?

IRS  Error code: Form 990-PF: [F990PF-065-02]

Rejection Message: 

The foundation that checked Item H, checkbox Section 501(c)(3) exempt private foundation and selected "Yes" for  Part VII-A, Line 7 must not have completed Part II, col. (c), and Part XV (OR) The foundation that checked Item H, Section 4947(a)(1) nonexempt charitable trust and has Part II, Line 16(b) value greater than 5000 must not have provided information on Part XV, Line 2 of Form 990-PF.

Resolution:

If Form 990-PF, Item H, checkbox "Section 501(c)(3) exempt private foundation" and Part VII-A, Line 7 has a choice of 'Yes' indicated, then complete Part II, col. (c), and Part XV

(OR)

If Form 990-PF, Item H, checkbox "Section 4947(a)(1) nonexempt charitable trust" is checked and Part II, Line 16(b) is greater than 5000, then Part XV, Line 2 (Lines 2a through 2d) must have at least one complete entry for submission information.