Form 1120-POL Overview
Annual Filing Requirements for Political Organizations
Form 1120-POL is an annual information return typically filed by political and certain tax exempt organizations electronically. Organizations that have a remaining taxable income after the $100 special deduction has been applied usually file Form 1120-POL to report taxable income and income tax reliability under section 527. Start E-filing Now
Form 1120-POL Deadline
Calendar Tax Year Filing
Organizations that operate on a standard calendar tax year of 12 consecutive months (January 1 - December 31) should file annually on April 15.
April 15th
Fiscal Tax Year Filing
Organizations that operate on a fiscal tax year of 12 consecutive months ending on the last day of any month except December, would file on the 15th day of the 4th month after the last month that concludes their fiscal tax year.
15th day of 4th month
Note: If your deadline falls on a weekend or National Holiday, your deadline will be the following weekday.
Form 1120-POL Schedules
Additional information will be required when filing Form 1120-POL that is reported on what is known as a "schedule." Schedule D and three attachments, which will be auto-generated during the filing process based upon the information you provide, should be filed along with your Form 1120-POL.
Learn MoreForm 1120-POL Amended Returns
Do you need to make a correction to a Form 1120-POL return that you previously filed? No need to worry. You can easily file an amended Form 1120-POL return and correct any information that needs to be changed as well as provide an explanation why the political organization needed to amend the Form 1120-POL.
Learn MoreNote: In order to e-file an amended Form 1120-POL return your original return has to be e-filed with TaxBandits.
Steps to E-file Form 1120-POL
Filing your political organization Form 1120-POL Online is very simple with our step-by-step e-filing process.
- Create an Account or Sign In
- Enter Organization Details
- Complete Form Interview
- Review Organization Information & Audit Report
- Pay & Transmit Directly to the IRS
Form 1120-POL Extension
If you find yourself not ready to file your organization's Form 1120-POL return by its original filing deadline, there's no need to worry. You can request an additional 6 months to file by submitting Form 7004 by the original filing deadline.
Learn MoreForm 1120-POL Penalties
Penalties are charged for 1120-POL organization for either filing the return late or paying the Tax late. The other penalties are for negligence, understatement of tax, fraudulent practices in sharing information for the return.
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