Federal U.S. Income Tax Return for Certain Political Organizations

U.S. Income Tax Return for Certain Political Organizations
2024 Form 1120-POL
1120-POL

Form

U.S. Income Tax Return for Certain Political Organizations

Department of the Treasury
Internal Revenue Service

2024

Go to www.irs.gov/Form1120POL for instructions and the latest information.

For calendar year 2024 or other tax year beginning
Check the box if this is a section 501(c) organization .

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, 2024, and ending
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, 20
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Employer identification number

Name of organization

Check if:

OMB No. 1545-0123

Final return
Number, street, and room or suite no. (If a P.O. box, see instructions.)

Name change
Address change
Amended return

Part I
1
2
3
4
5
6
7
8

Income
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Salaries and wages . . . . . . . . . . . . . . . . . . . . . . . . . . .
Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . .
Rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . . .
Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Depreciation (attach Form 4562) . . . . . . . . . . . . . . . . . . . . . . .
Other deductions (attach statement) . . . . . . . . . . . . . . . . . . . . .
Total deductions. Add lines 9 through 15
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Taxable income before specific deduction of $100. See instructions. Section 501(c) organizations show:
Amount of net investment income . . . . . . . . . . . . . .
Aggregate amount expended for an exempt function (attach statement) . .
Specific deduction of $100 (not allowed for newsletter funds defined under section 527(g)) . . . .

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Dividends (attach statement) . . . . . . . . . . . . .
Interest . . . . . . . . . . . . . . . . . . .
Gross rents . . . . . . . . . . . . . . . . . .
Gross royalties . . . . . . . . . . . . . . . . .
Capital gain net income (attach Schedule D (Form 1120)) . . . .
Net gain or (loss) from Form 4797, Part II, line 17 (attach Form 4797)
Other income and nonexempt function expenditures (see instructions)
Total income. Add lines 1 through 7 . . . . . . . . . .

Part II
9
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17
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b
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21a
b
c
d
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23a
b
c
d
e
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25

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Deductions

Part III

Sign
Here

City or town, state or province, country, and ZIP or foreign postal code

17c
18

Tax and Payments
Taxable income. Subtract line 18 from line 17c. If line 19 is zero or less, see instructions .
Income tax. See instructions
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Tax Credits. Foreign tax credit (Form 1118) . . . . . . . . . .
21a
Other credits (see instructions) . . . . . . . . . . . . . .
21b
General business credit. Attach Form 3800 (see instructions) . . . . .
21c
Total tax credits. Add lines 21a through 21c
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Total tax. Subtract line 21d from line 20 . . . . . . . . . . . . . . . .
Payments. Tax deposited with Form 7004 . . . . . . . . . .
23a
Credit for tax paid on undistributed capital gains (attach Form 2439) . .
23b
Credit for federal tax on fuels (attach Form 4136) . . . . . . . .
23c
Elective payment election amount from Form 3800 (section 527 organization only)
23d
Total payments. Add lines 23a through 23d . . . . . . . . . . . . . . .
Tax due. Subtract line 23e from line 22. See instructions for depository method of payment
Overpayment. Subtract line 22 from line 23e
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21d
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23e
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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.

Signature of officer

Paid
Preparer
Use Only

Print/Type preparer’s name

Date

Title

Preparer’s signature

Date

Firm’s name

PTIN
Check
if
self-employed
Firm’s EIN

Firm’s address

For Paperwork Reduction Act Notice, see instructions.

May the IRS discuss this return
with the preparer shown below?
See instructions
Yes
No

Phone no.
Cat. No. 11523K

Form 1120-POL (2024)

Page 2

Form 1120-POL (2024)

Part IV
26

Additional Information
At any time during the 2024 calendar year, did the organization have an interest in or a signature or other
authority over a financial account (such as a bank account, securities account, or other financial account) in a
foreign country? See instructions . . . . . . . . . . . . . . . . . . . . . . . .

Yes

No

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If “Yes,” enter the name of the foreign country
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

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30a
b
c
d

Enter the amount of tax-exempt interest received or accrued during the tax year
Date organization formed . . . . . . . . . . . . . . . . . .
The books are in care of
Enter name of candidate
The books are located at
Telephone no. . . . . . . . . . . . . . . . . . . . . .

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Form 1120-POL (2024)