Form Initials Notice For Free

Filing your political organization Form 1120-POL Online is very simple with our step-by-step e-filing process.

If an organization in fact has annual gross receipts of $25,000 or more for any taxable year, it must file Form 8871 within 30 days of receiving $25,000 in a single taxable year to continue to be tax-exempt.

Generally, a state PAC must file Federal Form 990 if it has gross receipts of $25,000 or more, or in some cases (that is, if it files reports with a state campaign finance agency that requires reporting certain information about PAC contributors and expenditures), if it has gross receipts of $100,000 or more.

Political organizations electronically file this form to notify the IRS: that they are to be treated as a section 527 organization, and. of any material change in the information reported on a previously filed form.

Political organizations and certain exempt organizations file Form 1120-POL to report their political organization taxable income and income tax liability under section 527.

Political organizations and certain exempt organizations file Form 1120-POL to report their political organization taxable income and income tax liability under section 527.

Schedule UTP (Form 1120) asks for information about tax positions that affect the U.S. federal income tax liabilities of certain corporations that issue or are included in audited financial statements and have assets that equal or exceed $10 million.

Form 8871 must be filed electronically at the IRS website, at /polorgs (IRS Keyword: political orgs).

Section 527(e)(1) defines a political organization as a party, committee, association, fund or other organization (whether or not incorporated), organized and operated primarily for the purpose of accepting contributions or making expenditures, or both, for an exempt function.

Under section 527(j)(2), political organizations that accept contributions or make expenditures for an exempt function under section 527 (see Q&A-17) during a calendar year are required to file periodic reports on Form 8872, beginning with the first month or quarter in which they accept contributions or make