E-File Form 1120-POL online to report political organization's taxable income

Form 1120-POL is an annual return filed by political organizations to report their political organization's taxable income such as income, deductions, taxes due, or overpayment.

• Political organizations that have any taxable income (whether or not it is tax-exempt)
• Tax-exempt organizations that are treated as having political organization taxable income under section 527(f)(1)

• Form 1120-POL must be filed on or before the 15th day of the 4th month after the organization’s accounting period ends.
• For the organizations operating under the calendar year, the deadline will be April 15th (unless it falls on a Saturday, Sunday, or federal holiday).

An organization that files Form 1120-POL may also be required to file the following tax returns based on its type and requirements.

An exempt political organization must also file one of these forms if its annual gross receipts are $25,000 or more:

• Form 990 - Return of Organization Exempt From Income Tax
• Form 990-EZ - Short Form Return of Organization Exempt From Income Tax

• Form 8871 - Political Organization Notice of Section 527 Status In general, being tax-exempt political organizations should file Form 8871 within 24 hours of the established date and any kind of material change in the organization should also be reported Within 30 days.
• Form 8872 - Political Organization Report of Contributions and Expenditures Political organizations should report the contributions and expenditures that occurred during the calendar tax year.
• Form 8997 - Initial and Annual Statement of Qualified Opportunity Fund (QOF) Investments During the respective year, organizations should identify qualified investments in the qualified opportunity fund and should file Form 8897 along with Form 1120-POL.
• Form 8992 - U.S. Shareholder Calculation of Global Intangible Low-Taxed Income (GILTI). It used to figure out about their domestic corporation’s GILTI, along with 1120-POL

Yes, you can complete and mail your 1120-POL return to the following address:

Department of the Treasury,
Internal Revenue Service Center,
Ogden, UT 84201.

If your organization’s office is located in a foreign country or a U.S. possession, mail your 1120-POL return to

Internal Revenue Service Center,
P.O. Box 409101,
Ogden, UT 84409.

Yes! You can get an automatic 6-month extension by filing Form 7004 before the original Form 1120-POL filing due date.

If you fail to file Form 1120-POL within the deadline, you will be required to pay a penalty equal to 5% of the tax due for every delayed month, with a maximum of 25% of the tax due.

The minimum penalty for a return more than 60 days late is the tax-due amount of $450 (whichever is smaller).