Form 8870 (Rev. 8-2013)
Page 5
Amended Return
The organization may file an amended return at any time to
change or add to the information reported on a previously filed
return for the same period.
An amended return must provide all the information called for
by the form and instructions, not just the new or corrected
information. Write “Amended Return” at the top of an amended
Form 8870.
Signature
To make the return complete, an officer of the organization
authorized to sign it must sign in the space provided. For a
corporation or association, this officer may be the president,
vice president, treasurer, assistant treasurer, chief accounting
officer, or other corporate or association officer, such as a tax
officer. A receiver, trustee, or assignee must sign any return he
or she files for a corporation or association. For a trust, the
authorized trustee(s) must sign.
Paid Preparer Use Only
Anyone who prepares the return but does not charge the
organization should not sign the return. Certain others who
prepare the return should not sign. For example, a regular,
full-time employee of the lender, such as a clerk, secretary, etc.,
should not sign.
Generally, anyone who is paid to prepare a return must sign it
and fill in the other blanks in the Paid Preparer Use Only area of
the return. A paid preparer cannot use a social security number
in the Paid Preparer Use Only box. The paid preparer must use
a preparer tax identification number (PTIN). If the paid preparer
is self-employed, the preparer should enter his or her address in
the box. The paid preparer must:
• Sign the return in the space provided for the preparer’s
signature,
• Enter the preparer information, and
• Give a copy of the return to the organization.
Penalties
Returns required by section 170(f)(10)(F)(iii) are subject to the
penalties applicable to returns required under section 6033.
There are also criminal penalties for willful failure to file and for
filing fraudulent returns and statements. See sections 7203,
7206, and 7207.
Other Returns You May Need To File
Excise tax return. Section 170(f)(10)(F)(i) imposes on a
charitable organization an excise tax equal to the premiums
paid by the organization on any personal benefit contract, if the
payment of premiums is in connection with a transfer for which
a deduction is not allowed under section 170(f)(10)(A).
For purposes of this excise tax, section 170(f)(10)(F)(ii)
provides that premium payments made by any other person,
pursuant to an understanding or expectation described in
section 170(f)(10)(A), are treated as made by the charitable
organization.
A charitable organization liable for excise taxes under section
170(f)(10)(F)(i) must file a return on Form 4720, Return of Certain
Excise Taxes Under Chapters 41 and 42 of the Internal Revenue
Code, to report and pay the taxes due.
Information returns. Generally, an organization described in
section 170(c) files either Form 990, Return of Organization
Exempt From Income Tax, Form 990-EZ, Short Form Return of
Organization Exempt From Income Tax, or Form 990-PF,
Return of Private Foundation or Section 4947(a)(1) Nonexempt
Charitable Trust Treated as a Private Foundation.
A charitable remainder trust described in section 664(d) files
Form 5227, Split-Interest Trust Information Return.
Phone Help
If you have questions and/or need help completing Form 8870,
please call 1-877-829-5500. This toll-free telephone service is
available Monday through Friday.
Specific Instructions
Completing the Heading of Form 8870
Accounting period. Use Form 8870 to report either on a
calendar year accounting period or on an accounting period
other than a calendar year (either a fiscal year or a short period
(less than 12 months)). This information should be the same
information as reported on your Form 990, 990-EZ, 990-PF, or
5227.
Name and address. Include the suite, room, or other unit
number after the street address. If the Post Office does not
deliver mail to the street address, and the organization has a
P.O. box, show the box number instead of the street address.
For foreign addresses, enter information in the following
order: city, province or state, and the name of the country.
Follow the foreign country’s practice in placing the postal code
in the address. Please do not abbreviate the country name.
If a change in address occurs after the return is filed, use
Form 8822, Change of Address, to notify the IRS of the new
address.
Employer identification number. The organization should
have only one federal employer identification number (EIN). If
it has more than one and has not been advised which to use,
notify the Department of the Treasury, Internal Revenue
Service, Ogden, UT 84201-0027. State what numbers the
organization has, the name and address to which each
number was assigned, and the address of its principal office.
The IRS will advise the organization which number to use.
Telephone number. Enter a telephone number of the
organization that the IRS may use during normal business
hours to contact the organization. If the organization does
not have a telephone number, enter the telephone number of
the appropriate organization official.
Application pending. If the organization’s application for
exemption is pending, check this box and complete the return.
Type of organization. If the organization is exempt under
section 501(c), check the applicable box and insert, within
the parentheses, the number that identifies the type of section
501(c) organization the filer is. Private foundations should enter
“3” to indicate that they are a section 501(c)(3) organization. If
the organization is a section 4947(a)(1) nonexempt charitable
trust, a section 664 charitable remainder trust, or other section
170(c) organization, check the applicable box.
Part A. Personal Benefit Contracts
Note. In Parts A through D, you will be reporting on personal
benefit contracts for which you paid premiums or received
transfers during the tax year.
Use the Continuation Schedule if you have more than five
personal benefit contracts to report. You may duplicate the
Continuation Schedule and attach as many schedules as you
need to Form 8870. Complete the Continuation Schedule
following the Specific Instructions for Parts A through D.
However, complete line (g) on only one Continuation Schedule.
The figure on that Continuation Schedule should be the
combined total of all your Continuation Schedules. Follow the
line (g) instruction on page 3 of the form to carry the line (g) total
amount to Part B, page 1, line (h).