E-file IRS Form 1120-POL Online for Political Organizations: Secure and Accurate
Why Should I E-file Form 1120-POL With ExpressTaxExempt?
E-file an Amended Return for IRS Form 1120-POL
Need to correct information on your previously filed Form 1120-POL? Don't worry: you can e-file an amended return anytime with ExpressTaxExempt to update information on your previously filed return. Keep in mind you'll need to provide a reason for why you need to change Form 1120-POL when you amend your return.
Note: Organizations that need to e-file an amended Form 1120-POL return must have e-filed their original return through ExpressTaxExempt.
QWhat is IRS Form 1120-POL?
Form 1120-POL is an annual income tax return that must be filed by organizations with political organization taxable income exceeding $100 for the taxable year.
Only taxable income (generally, the organization's investment income) is reported on Form 1120-POL.
QWhen is the due date to file Form 1120-POL?
Form 1120-POL must be filed before the 15th day of 4th month after the organization tax year ends. For the organizations that operate on a calendar tax year, must file Form 1120-POL by April 15.
QHow do I e-file Form 1120-POL?
To e-file Form 1120-POL, get started with ExpressTaxExempt and begin by entering the organization’s details. Your form is split into a series of questions. Just follow the step by step interview style filing process to generate your Form 1120-POL.
Once entering all the information, your form will be validated for any errors and you will be allowed to correct errors if any. You can then review your form and transmit it to the IRS.
QHow to file extension for Form 1120-POL?
If needed, you may file Form 7004 to get an automatic 6 month extension to file your Form 1120-POL. You must file Form 7004 before the original Form 1120-POL filing due date to get the extension.
QWhat is the Late Filing Penalty to file Form 1120-POL?
Organizations that fail to file Form 1120-POL before their deadline must pay an additional amount equal to 5% of the tax due for each month the return is late. The maximum penalty for late filing of Form 1120-POL is 25% of the tax due; the minimum penalty for a return more than 60 days late is the smaller of the tax due or $135.