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South-Western Federal Taxation P17-35 Education, Inc., a 501(c)(3) organization, is a private foundation with a tax year that ends on May 31. Gross receipts for

South-Western Federal Taxation P17-35

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Education, Inc., a 501(c)(3) organization, is a private foundation with a tax year that ends on May 31. Gross receipts for the fiscal year are $180,000, and the related expenses are $160,000. Is Education required to file an annual information return? If so, what form is used? If so, what is the due date? How would your answers in (a), (b), and (c) change if Education was an exempt organization that was not a private foundation

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