Form 1120-Pol - U.s. Income Tax Return For Certain Political Organizations - 2012 Page 3
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Form 1120-POL (2012)
Page
1. The net investment income of the
• Give the IRS any information that is
The private delivery service can tell
organization for the tax year, or
missing from its return,
you how to get written proof of the
mailing date.
2. The amount spent for an exempt
• Call the IRS for information about the
function during the tax year either
processing of its return or the status of
Overnight deliveries should be mailed
directly or indirectly through another
any refund or payment(s), and
to:
organization.
• Respond to certain IRS notices that the
Internal Revenue Service
Net investment income, for this
organization may have shared with the
1973 Rulon White Blvd.
purpose, is the excess of:
preparer about math errors, offsets, and
Ogden, UT 84404
return preparation. The notices will not
Extension. File Form 7004, Application
1. The gross amount of interest,
be sent to the preparer.
dividends, rents, and royalties, plus the
for Automatic Extension of Time To File
The organization is not authorizing the
Certain Business Income Tax,
excess, if any, of gains from the sale or
exchange of assets, over the losses from
paid preparer to receive any refund
Information, and Other Returns, to
the sale or exchange of assets, over
check, bind the organization to anything
request a 6-month extension of time to
(including any additional tax liability), or
file.
2. The deductions directly connected
otherwise represent it before the IRS. If
with the production of this income.
Other Reports and Returns
the organization wants to expand the
Taxable income is figured with the
That May Be Required
paid preparer’s authorization, see Pub.
adjustments shown in 1, 2, and 3 under
947, Practice Before the IRS and Power
Taxable Income, earlier.
An organization that files Form 1120-
of Attorney.
POL may also be required to file the
Who Must Sign
However, the authorization will
following forms.
automatically end no later than the due
The return must be signed and dated by:
1. Form 8871, Political Organization
date (excluding extensions) for filing the
Notice of Section 527 Status.
• The president, vice president,
2013 tax return. If you want to revoke the
treasurer, assistant treasurer, chief
Generally, to be tax-exempt, a
authorization before it ends, see Pub.
accounting officer, or
political organization must file this form
947.
within 24 hours of the date it is
• Any other officer (such as tax officer)
When and Where To File
established and within 30 days of any
authorized to sign.
material change in the organization.
In general, an organization must file
Receivers, trustees, and assignees
However, do not file this form if the
Form 1120-POL by the 15th day of the
must also sign and date any return filed
organization is:
3rd month after the end of the tax year.
on behalf of an organization.
• An organization that reasonably
If the due date falls on a Saturday,
If an employee of the organization
expects its annual gross receipts to
Sunday, or legal holiday, the
completes Form 1120-POL, the Paid
always be less than $25,000,
organization may file on the next
Preparer Use Only area should remain
• A political committee required to report
business day.
blank. In addition, anyone who prepares
under the Federal Election Campaign Act
Form 1120-POL but does not charge the
File Form 1120-POL with the:
of 1971 (2 U.S.C. 431 et seq.),
organization should not complete that
Department of the Treasury
section. Generally, anyone who is paid to
• A political committee of a state or
Internal Revenue Service Center
prepare the return must sign it and fill in
local candidate,
Ogden, UT 84201
the Paid Preparer Use Only area.
• A state or local committee of a
If the organization’s principal business,
The paid preparer must complete the
political party, or
office or agency is located in a foreign
required preparer information and:
country or a U.S. possession, the
• A tax-exempt organization described
address for mailing their return should
• Sign the return in the space provided
in section 501(c) that is treated as
be:
for the preparer’s signature.
having political organization taxable
income under section 527(f)(1).
Internal Revenue Service Center
• Give a copy of the return to the
P.O. Box 409101
taxpayer.
2. Form 8872, Political Organization
Ogden, UT 84409
Report of Contributions and
Note. A paid preparer may sign original
Expenditures (periodic reports are
Private delivery services. In addition to
or amended returns by rubber stamp,
required during the calendar year).
the United States mail, the organization
mechanical device, or computer
can use certain private delivery services
software program. Also, facsimile
Generally, a political organization that
designated by the IRS to meet the
signatures are authorized.
files Form 8871 and accepts a
“timely mailing as timely filing/payment”
contribution or makes an expenditure for
Paid Preparer Authorization
rule for tax returns and payments. These
an exempt function during the calendar
private delivery services include only the
year must file this form. However, this
If the organization wants to allow the IRS
following.
form is not required to be filed by an
to discuss its 2012 tax return with the
organization excepted from filing Form
• DHL Express (DHL): DHL Same Day
paid preparer who signed it, check the
8871 (see above), or a qualified state or
Service;
“Yes” box in the signature area of the
local political organization (QSLPO) (see
return. This authorization applies only to
• Federal Express (FedEx): FedEx
the Instructions for Form 8871 and Rev.
the individual whose signature appears
Priority Overnight, FedEx Standard
Rul. 2003-49, 2003-20 I.R.B. 903, for the
in the Paid Preparer Use Only section of
Overnight, FedEx 2Day, FedEx
definition of a QSLPO).
the return. It does not apply to the firm, if
International Priority, and FedEx
any, shown in that section.
3. Form 990, Return of Organization
International First; and
Exempt From Income Tax, or
If the “Yes” box is checked, the
• United Parcel Service (UPS): UPS Next
Form 990-EZ, Short Form Return of
organization is authorizing the IRS to call
Day Air, UPS Next Day Air Saver, UPS
Organization Exempt From Income Tax.
the paid preparer to answer any
2nd Day Air, UPS 2nd Day Air A.M., UPS
questions that may arise during the
Worldwide Express Plus, and UPS
An exempt political organization must
processing of its return. The organization
also file one of these forms if its annual
Worldwide Express.
is also authorizing the paid preparer to:
gross receipts are $25,000 or more
($100,000 or more for a QSLPO).
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