Form1120-Pol - U.s. Income Tax Return For Certain Political Organizations - 2013 Page 6
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
66
Form 1120-POL (2013)
Page
Political organization not a principal
Line 22. Total tax. If the political
Note. An owner of a foreign trust must
campaign committee. An organization
organization must recapture any of the
ensure that the trust files an annual
that is not a principal campaign
qualified electric vehicle credit, include
information return on Form 3520-A,
committee computes its tax by
the amount of the recapture in the total
Annual Information Return of Foreign
multiplying line 19 by 35% and enters
for line 22. On the dotted line next to the
Trust With a U.S. Owner. For details, see
the result on line 20.
entry space, write “QEV recapture” and
the Instructions for Form 3520-A.
the amount. See Regulations section
Principal campaign committee
Question 3
1.30-1 for details on how to figure the
(section 527(h)). A political organization
In the space provided, show any tax-
recapture.
that is a principal campaign committee
exempt interest income received or
of a candidate for U.S. Congress
Additional Information
accrued. Include any exempt-interest
computes its tax in the same manner as
dividends received as a shareholder in a
provided in section 11(b) for
Question 1
mutual fund or other regulated
corporations. Compute the tax as
Foreign financial accounts. Check the
investment company.
follows:
“Yes” box if either 1 or 2 below applies
Paperwork Reduction Act Notice. We
to the organization. Otherwise, check the
1. Enter taxable income (line
ask for the information on this form to
19, Form 1120-POL)
.
“No” box.
carry out the Internal Revenue laws of
2. Enter line 1 or $50,000,
1. At any time during the 2013
the United States. You are required to
whichever is less
.
.
calendar year the organization had a
give us the information. We need it to
3. Subtract line 2 from line 1
financial interest in or signature or other
ensure that you are complying with these
authority over a bank, securities, or other
4. Enter line 3 or $25,000,
laws and to allow us to figure and collect
whichever is less
.
.
types of financial accounts in a foreign
the right amount of tax.
country;
5. Subtract line 4 from line 3
You are not required to provide the
• The combined value of the accounts
6. Enter line 5 or $9,925,000,
information requested on a form that is
whichever is less
.
.
was more than $10,000 at any time
subject to the Paperwork Reduction Act
during the calendar year; and
7. Subtract line 6 from line 5
unless the form displays a valid OMB
• The account was not with a U.S.
8. Multiply line 2 by 15% .
control number. Books or records
military banking facility operated by a
relating to a form or its instructions must
9. Multiply line 4 by 25% .
U.S. financial institution.
be retained as long as their contents
10. Multiply line 6 by 34% .
may become material in the
2. The organization owns more than
11. Multiply line 7 by 35% .
administration of any Internal Revenue
50% of the stock in any corporation that
12. If line 1 is greater than
law. Generally, tax returns and return
would answer “Yes” to item 1 above.
$100,000, enter the smaller
information are confidential, as required
See FinCEN Form 114, Report of
of: 5% of taxable income in
by section 6103.
excess of $100,000, or
Foreign Bank and Financial Accounts
$11,750
.
.
.
.
The time needed to complete and file
(FBAR), (formerly TD F 90-22.1), to find
this form will vary depending on
13. If line 1 is greater than $15
out if the organization is considered to
million, enter the smaller of:
individual circumstances. The estimated
have an interest in or signature or other
3% of taxable income in
average time is:
authority over a financial account in a
excess of $15 million or
foreign country.
Recordkeeping .
.
.
17 hr., 13 min.
$100,000
.
.
.
.
If “Yes” is checked for this question,
Learning about the
14. Add lines 8 through 13.
file FinCEN Form 114 electronically by
law or the form .
.
.
. 5 hr., 15 min.
Enter here and on line 20,
June 30, 2014, with the Department of
Form 1120-POL
.
.
Preparing the form.
.
12 hr., 17 min.
the Treasury using FinCEN's BSA E-
Note. Estimated tax and alternative
Copying, assembling,
Filing System. Because FinCEN Form
minimum tax do not apply to political
and sending the form
114 is not a tax form, do not file it with
organizations.
to the IRS .
.
.
.
.
. 1 hr., 52 min.
Form 1120-POL.
Line 21. Tax credits. The organization
If you have comments concerning the
See for more
may qualify for the following credits:
accuracy of these time estimates or
information.
• Foreign tax credit. See Form 1118,
suggestions for making this form
Also, if “Yes” is checked for this
Foreign Tax Credit—Corporations.
simpler, we would be happy to hear
question, enter the name of the foreign
from you. You can send your comments
• Qualified electric vehicle credit. See
country or countries. Attach a separate
to:
Form 8834, Qualified Plug-in Electric and
sheet if more space is needed.
Electric Vehicle Credit, and section 30.
Internal Revenue Service
Question 2
Tax Forms and Publications Division
• General business credit (excluding
1111 Constitution Ave. NW, IR-6526
If you checked “Yes” to Question 2, the
the small employer health insurance
Washington, DC 20224
organization may be required to file Form
premium credit, and the work
3520, Annual Return To Report
opportunity credit). See Form 3800,
Do not send the tax form to this
Transactions With Foreign Trusts and
General Business Credit.
address. See When and Where To File
Receipt of Certain Foreign Gifts. For
earlier.
Enter the total amount of qualified
details, see Form 3520.
credits on line 21 and attach the
applicable credit forms.
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