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1120-POL
OMB No. 1545-0129
U.S. Income Tax Return
Form
for Certain Political Organizations
Department of the Treasury
Internal Revenue Service 2005
For calendar year 2005 or other tax year beginning , 2005, and ending , 20 .
Check the box if this is a section 501(c) organization or a separate segregated fund described in section 527(f)(3) 䊳
Name of organization Employer identification number
Check if:
Final return
Number, street, and room or suite no. (If a P.O. box, see page 5 of instructions.) Candidates for U.S. Congress Only
Name change
If this is a principal campaign committee, and it is the
Address change ONLY political committee, check here
City or town, state, and ZIP code If this is a principal campaign committee, but is NOT
Amended return the only political committee, check here and attach a
copy of designation (See instructions on page 2.)
4 Gross royalties 4
5 Capital gain net income (attach Schedule D (Form 1120)) 5
6 Net gain or (loss) from Form 4797, Part II, line 17 (attach Form 4797) 6
7 Other income and nonexempt function expenditures (see instructions) 7
8 Total income. Add lines 1 through 7 8
9 Salaries and wages 9
10 Repairs and maintenance 10
11 Rents 11
12 Taxes and licenses 12
Deductions
13 Interest 13
14 Depreciation (attach Form 4562) 14
15 Other deductions (attach schedule) 15
16 Total deductions. Add lines 9 through 15 16
17 Taxable income before specific deduction of $100 (see instructions). Section 501(c) organizations show:
a Amount of net investment income 䊳
2 During the tax year, did the organization receive a distribution from, or was it the grantor of, or transferor
to, a foreign trust? If “Yes,” the organization may have to file Form 3520 Yes No
3 Enter the amount of tax-exempt interest received or accrued during the tax year 䊳 $
4 Date organization formed 䊳
5a The books are in care of 䊳 b Enter name of candidate 䊳
c The books are located at 䊳 d Telephone No. 䊳
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true,
correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Sign
䊳 䊳
May the IRS discuss this return
Here with the preparer shown below
Signature of officer Date Title (see page 3)? Yes No
䊳
Date Preparer’s SSN or PTIN
Paid Preparer’s Check if
signature self-employed
Preparer’s
䊳
Firm’s name (or EIN
Use Only yours if self-employed),
Phone no. ( )
address, and ZIP code
For Privacy Act and Paperwork Reduction Act Notice, see instructions on page 6. Cat. No. 11523K Form 1120-POL (2005)
4
I.R.S. SPECIFICATIONS TO BE REMOVED BEFORE PRINTING
INSTRUCTIONS TO PRINTERS
FORM 1120-POL, PAGE 2 of 6
MARGINS: TOP 13mm (1⁄2 "), CENTER SIDES. PRINTS: HEAD TO FOOT
PAPER: WHITE WRITING, SUB. 20. INK: BLACK
FLAT SIZE: 216mm (8 ⁄2 ") 559mm (22") FOLD TO: 216mm (81⁄2 ") 279mm (11")
1
PERFORATE: ON FOLD
DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT
Photographs of Missing ● Tax topics from the IRS telephone be either the Federal Election
response system. Commission’s Form 2 or an equivalent
Children statement filed with the Federal Election
● Fill-in, print and save features for most
The Internal Revenue Service is a proud tax forms. Commission. The designation may also
partner with the National Center for be made by attaching a signed statement
Missing and Exploited Children. ● Internal Revenue Bulletins.
with all of the following information:
Photographs of missing children ● Toll-free and email technical support.
● The candidate’s name and address.
selected by the Center may appear in Buy the CD-ROM on the Internet at
instructions on pages that would ● The candidate’s identifying number.
www.irs.gov/cdorders from the National
otherwise be blank. You can help bring Technical Information Service (NTIS) for ● The candidate’s party affiliation and
these children home by looking at the $25, shipping and handling included, or office sought.
photographs and calling call 1-877-CDFORMS (1-877-233-6767) ● The district and state in which the
1-800-THE-LOST (1-800-843-5678) if toll free to buy the CD-ROM for $25 (plus office is sought, and
you recognize a child. a $5 handling fee). ● The name and address of the principal
By phone and in person. You can order campaign committee.
IRS E-Services Make Taxes forms and publications by calling Note. If the candidate for U.S. Congress
Easier 1-800-TAX-FORM (1-800-829-3676). You has a designation in effect from an
can also get most forms and earlier year, attach a copy of the earlier
Now more than ever before, certain publications at your local IRS office.
political organizations can enjoy the year’s designation to this year’s Form
benefits of meeting their federal tax filing 1120-POL and check the appropriate
and payment responsibilities General Instructions box on the form. See Regulations
electronically. Whether you rely on a tax Section references are to the Internal section 1.527-9. If a candidate for U.S.
professional or do it yourself, IRS offers Revenue Code unless otherwise noted. Congress has only one political
you convenient programs to make it campaign committee, no designation is
required. However, be sure to check the
easier. Purpose of Form appropriate box on Form 1120-POL.
Spend less time and worry on taxes. Political organizations and certain
Use e-file and Electronic Federal Tax 2. Newsletter fund, if it is a fund
exempt organizations file Form established and maintained by an
Payment System (EFTPS) to your benefit: 1120-POL to report their political individual who holds, has been elected
● For e-file, visit www.irs.gov/efile for organization taxable income and income to, or is a candidate (as defined in
additional information. tax liability under section 527. section 527(g)(3)) for nomination or
● For EFTPS, visit www.eftps.gov or call election to any federal, state, or local
EFTPS Customer Service at Who Must File elective public office. The fund must be
1-800-555-4477. A political organization, whether or not it maintained exclusively for the
Use the electronic options available is tax-exempt, must file Form 1120-POL preparation and circulation of the
from IRS and make filing and paying if it has any political organization taxable individual’s newsletter.
taxes easier. income. 3. Separate segregated fund, if it is
An exempt organization that is not a maintained by a section 501(c)
How To Get Forms and political organization must file Form organization (exempt from tax under
1120-POL if it is treated as having section 501(a)). For more information,
Publications political organization taxable income see section 527(f)(3) and Regulations
Internet. You can access the IRS under section 527(f)(1). section 1.527-6(f).
website 24 hours a day, 7 days a week
at www.irs.gov to: Political Organizations Taxable Income
● Download forms, instructions, and A political organization is a party, Political organization taxable income
publications. committee, association, fund (including a (line 19) is the excess of (a) gross
● Order IRS products online. separate segregated fund described in income for the tax year (excluding
section 527(f)(3) set up by a section exempt function income (defined below))
● See answers to frequently asked tax 501(c) organization), or other
questions. over (b) deductions directly connected
organization, organized and operated with the earning of gross income
● Search publications online by topic or primarily for the purpose of accepting (excluding exempt function income).
keyword. contributions or making expenditures, or Taxable income is figured with the
● Send us comments or request help by both, to influence the selection, following adjustments:
email, and nomination, election, or appointment of 1. A specific deduction of $100 is
● Sign up to receive local and national any individual to any public office or allowed (but not for newsletter funds).
tax news by email. office in a political organization, or the
election of Presidential or Vice 2. The net operating loss deduction is
CD-ROM. Order Pub. 1796, IRS Tax Presidential electors. Political not allowed, and
Products on CD, and get: organizations include a: 3. The dividends-received deduction
● A CD that is released twice so you 1. Principal campaign committee, if it and other special deductions for
have the latest products. The first is the political committee designated by corporations are not allowed. See section
release ships in late December and the a candidate for U.S. Congress as his or 527(c)(2)(C).
final release ships in late February. her principal campaign committee for Effect of failure to file Form 8871.
● Current year forms, instructions, and purposes of section 302(e) of the Unless excepted (see below), every
publications. Federal Election Campaign Act of 1971 political organization in order to be
● Prior year forms, instructions, and and section 527(h). considered a tax-exempt organization,
publications. If a candidate for U.S. Congress elects must file Form 8871, Political
Organization Notice of Section 527
● Tax Map: an electronic research tool to make a designation under section
527(h), he or she must designate the Status. An organization that is required
and finding aid.
principal campaign committee by to file Form 8871, but fails to file it when
● Tax law and frequently asked due, must include in taxable income for
questions (FAQs). attaching a copy of the Statement of
Candidacy to Form 1120-POL. This can the period before Form 8871 is filed, its
4
I.R.S. SPECIFICATIONS TO BE REMOVED BEFORE PRINTING
INSTRUCTIONS TO PRINTERS
FORM 1120-POL, PAGE 3 of 6
MARGINS: TOP 13mm (1⁄2 "), CENTER SIDES. PRINTS: HEAD TO FOOT
PAPER: WHITE WRITING, SUB. 20. INK: BLACK
FLAT SIZE: 216mm (81⁄2 ") 559mm (22") FOLD TO: 216mm (81⁄2 ") 279mm (11")
PERFORATE: ON FOLD
DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT