Form 1120-Pol - U.s. Income Tax Return For Certain Political Organizations - 2017 Page 6
Download a blank fillable Form 1120-Pol - U.s. Income Tax Return For Certain Political Organizations - 2017 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 Form 1120-Pol - U.s. Income Tax Return For Certain Political Organizations - 2017 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 (2017)
Page
Note: Estimated tax and alternative
Additional Information
Paperwork Reduction Act Notice. We
minimum tax don’t apply to political
ask for the information on this form to carry
Question 1
organizations.
out the Internal Revenue laws of the United
States. You are required to give us the
Foreign financial accounts. Check the
Line 21. Tax credits. The organization
information. We need it to ensure that you
“Yes” box if either (1) or (2) below applies
may qualify for the following credits.
are complying with these laws and to allow
to the organization. Otherwise, check the
• Foreign tax credit. See Form 1118,
us to figure and collect the right amount of
“No” box.
Foreign Tax Credit—Corporations.
tax.
1. At any time during the 2017 calendar
• Qualified electric vehicle credit
You aren’t required to provide the
year the organization had a financial
(carryforward ONLY). See Form 8834,
information requested on a form that is
interest in or signature or other authority
Qualified Electric Vehicle Credit.
subject to the Paperwork Reduction Act
over a bank, securities, or other types of
• General business credit (excluding
unless the form displays a valid OMB
financial accounts in a foreign country; and
the small employer health insurance
control number. Books or records relating
• The combined value of the accounts was
premium credit, work opportunity credit,
to a form or its instructions must be
more than $10,000 at any time during the
employee retention credit (Form 5884-A),
retained as long as their contents may
calendar year; and
the empowerment zone employment credit,
become material in the administration of
• The accounts weren’t with a U.S. military
the Indian employment credit, and the
any Internal Revenue law. Generally, tax
banking facility operated by a U.S. financial
credit for employer differential wage
returns and return information are
institution.
payments). See Form 3800, General
confidential, as required by section 6103.
Business Credit.
2. The organization owns more than
The time needed to complete and file
50% of the stock in any corporation that
Enter the total amount of qualified
this form will vary depending on individual
would answer “Yes” to item (1) above.
credits on line 21 and attach the
circumstances. The estimated burden for
applicable credit forms.
business taxpayers filing this form is
See FinCEN Form 114, Report of Foreign
approved under OMB control number
Bank and Financial Accounts (FBAR), to
Line 22. Total tax. If the political
1545-0123 and is included in the estimates
find out if the organization is considered to
organization must recapture any of the
shown in the instructions for Form 1120.
have an interest in or signature or other
qualified electric vehicle credit, include the
authority over a financial account in a
amount of the recapture in the total for line
If you have comments concerning the
foreign country.
22. On the dotted line next to the entry
accuracy of these time estimates or
space, write “QEV recapture” and the
suggestions for making this form simpler,
If “Yes” is checked for this question, file
amount. See Regulations section 1.30-1 for
we would be happy to hear from you. You
FinCEN Form 114 electronically with the
details on how to figure the recapture.
can send us comments from
Department of the Treasury using FinCEN’s
Or you can
BSA E-Filing System. Because FinCEN
What if You Can’t Pay in Full?
write to:
Form 114 isn’t a tax form, don’t file it with
Form 1120-POL.
If you can’t pay the full amount of tax you
Internal Revenue Service
owe, you can apply for an installment
Tax Forms and Publications
See for more
agreement online.
1111 Constitution Ave. NW, IR-6526
information.
Washington, DC 20224
You can apply for an installment
Also, if “Yes” is checked for this
agreement online if:
Although we can’t respond individually to
question, enter the name of the foreign
each comment received, we do appreciate
country or countries. Attach a separate
• You can’t pay the full amount shown on
your feedback and will consider your
sheet if more space is needed.
line 24,
comments as we revise our tax products.
• The total amount you owe is $25,000 or
Question 2
Do not send the form to this office. See
less, and
If you checked “Yes” to Question 2, the
When and Where To File, earlier.
• You can pay the liability in full in 24
organization may be required to file Form
months.
3520, Annual Return To Report
Transactions With Foreign Trusts and
To apply using the Online Payment
Receipt of Certain Foreign Gifts. For
Agreement Application, go to
details, see the Instructions for Form 3520.
Note: An owner of a foreign trust must
Under an installment agreement, you can
ensure that the trust files an annual
pay what you owe in monthly installments.
information return on Form 3520-A, Annual
There are certain conditions you must meet
Information Return of Foreign Trust With a
to enter into and maintain an installment
U.S. Owner. For details, see the
agreement, such as paying the liability
Instructions for Form 3520-A.
within 24 months and making all required
deposits and timely filing tax returns during
Question 3
the length of the agreement.
In the space provided, show any tax-
If your installment agreement is
exempt interest income received or
accepted, you will be charged a fee and
accrued. Include any exempt-interest
you will be subject to penalties and interest
dividends received as a shareholder in a
on the amount of tax not paid by the due
mutual fund or other regulated investment
date of the return.
company.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial