Form1120-Pol - U.s. Income Tax Return For Certain Political Organizations - 2013 Page 5
Download a blank fillable Form1120-Pol - U.s. Income Tax Return For Certain Political Organizations - 2013 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form1120-Pol - U.s. Income Tax Return For Certain Political Organizations - 2013 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3
4
5
65
Form 1120-POL (2013)
Page
Other penalties. Other penalties can be
Note. If a change in address occurs
Line 7. Other income and nonexempt
imposed for negligence, substantial
after the return is filed, the organization
function expenditures. Enter the
understatement of tax, and fraud. See
should use Form 8822-B, Change of
income from other sources, such as:
sections 6662 and 6663.
Address—Business, to notify the IRS of
• Exempt function income that was not
the new address.
properly segregated for exempt
Assembling the Return
Amended return. If you are filing an
functions.
Attach Form 4136, Credit for Federal
amended Form 1120-POL:
• Income received in the ordinary course
Tax Paid on Fuels, after page 1 of Form
• Check the “Amended return” box,
of a trade or business.
1120-POL. Attach schedules in
• Complete the entire return,
• Ordinary income from the trade or
alphabetical order and other forms in
business activities of a partnership
numerical order after Form 4136.
• Correct the appropriate lines with the
(from Schedule K-1 (Form 1065), Part III,
new information, and
Complete every applicable entry
box 1).
space on Form 1120-POL. Do not write
• Refigure the tax liability.
• Exempt function income (minus any
“See attached” instead of completing
Attach a sheet that explains the
deductions directly connected with the
the entry spaces. If you need more
reason for the amendments and
production of that income) taxable under
space on the forms or schedules, attach
identifies the lines and amounts being
section 527(i)(4) for failure to timely file
separate sheets using the same size and
changed on the amended return.
Form 8871, Political Organization Notice
format as on the printed forms. Show the
Generally, the amended return must be
of Section 527 Status. Include amounts
totals on the printed forms. Attach these
filed within 3 years after the date the
whether or not segregated for use for an
separate sheets after all the schedules
original return was due or 3 years after
exempt function.
and forms. Be sure to put the
the date the organization filed it,
organization’s name and EIN on each
Also include on this line:
whichever is later.
sheet.
• Expenditures that were made from
Employer identification number (EIN).
exempt function income that were not
Enter the nine-digit EIN assigned to the
Specific Instructions
for an exempt function and resulted in
organization. If the organization does not
direct or indirect financial benefit to the
have an EIN, it must apply for one. An
Period covered. File the 2013 return for
political organization (see Regulations
EIN can be applied for:
calendar year 2013 and fiscal years that
section 1.527-5 for examples) and
• Online by clicking the Employer ID
begin in 2013 and end in 2014. For a
• Illegal expenditures.
Numbers (EINs) link at
fiscal year, fill in the tax year space at
businesses/small. The EIN is issued
Attach a schedule listing all income
the top of the form.
immediately once the application
and expenditures included on line 7.
Note. The 2013 Form 1120-POL may
information is validated.
Line 17. Taxable income before
also be used if:
• By telephone at 1-800-829-4933.
specific deduction of $100. Political
• The organization has a tax year of less
organizations, newsletter funds, and
The online application process is not
than 12 months that begins and ends in
separate segregated funds compute
yet available for organizations with
2014, and
their tax by subtracting line 16 from line
addresses in foreign countries.
• The 2014 Form 1120-POL is not
8 and enter the result on line 17(c).
available at the time the organization is
If the organization has not received its
required to file its return. The
Exempt organizations (section
EIN by the time the return is due, write
organization must show its 2014 tax year
501(c)) that are not political
“Applied for” in the space provided for
on the 2013 Form 1120-POL and take
organizations. Complete lines 17a and
the EIN. See Pub. 583 for details.
into account any tax law changes that
17b if the organization made exempt
Income and deductions. Campaign
are effective for tax years beginning after
function expenditures that were not from
contributions and other exempt function
December 31, 2013.
a separate segregated fund. Enter on
income are generally not includible in
line 17c the smaller of line 17a or 17b.
Address. Include the suite, room, or
income; likewise, campaign expenditures
See Exempt organization that is not a
other unit number after the street
and other exempt function expenditures
political organization, earlier, for an
address. If the Post Office does not
are not deductible. To be deductible in
explanation of the amounts to enter on
deliver mail to the street address and the
computing political organization taxable
these lines.
organization has a P.O. box, show the
income, expenses must be directly
Line 19. Taxable income. If the taxable
box number instead of the street
connected with the production of
address.
income on line 19 is zero or less, the
political organization taxable income. In
Form 1120-POL is not required to be
Final return, name change, address
those cases where expenses are
filed, but it may be filed to start the
change, amended return. If the
attributable to the production of both
statute of limitations period.
exempt function income and political
organization ceases to exist, check the
organization taxable income, the
Line 20. Income tax. The rate of tax
“Final return” box.
expenses should be allocated on a
imposed depends on whether the
If the organization has changed its
reasonable and consistent basis. Only
political organization is a principal
name since it last filed a return, check
the portion allocable to the production of
campaign committee as defined in
the “Name change” box.
section 527(h). The tax rate is lower for a
political organization taxable income
If the organization has changed its
may be deducted. No deduction is
principal campaign committee.
address since it last filed a return, check
allowed for general administrative or
the “Address change” box.
indirect expenses.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Instructions For Form 1040nr-ez - U.s. Income Tax Return For Certain Nonresident Aliens With No Dependents - 2013
Financial
Form 1040nr-ez - U.s. Income Tax Return For Certain Nonresident Aliens With No Dependents - 2013
Financial
Related Categories
Parent category: Financial