Check out this “short” list of IRS-required electronic filings for tax-exempt political organizations.Read Now
This document notes: Among other requirements, most tax-exempt political organizations have a requirement to file periodic reports on Form 8872 with the IRS. To file electronically, the organization must have the username and password it received from the IRS after electronically filing its initial notice (Form 8871). Use the ‘Political Organization Filing and Disclosure’ link below to file Form 8872 electronically.
FEC Filing Required for Some 527 Organizations
Overview of FEC "electioneering communications" filings required for some section 527 exempt organizations.
Political parties; campaign committees for candidates for federal, state or local office; and political action committees are all political organizations subject to tax under IRC section 527 and may have filing requirements with the Service.
Political Organization Filing and Disclosure
File and search for notices and reports filed with the Service under IRC section 527.
Exemption Requirements - Political Organizations
A brief description of the requirements for exemption under IRC section 527.
Taxable Income - Political Organizations
A brief explanation of how political organizations are taxed under IRC section 527.
A brief description of the solicitation notice requirements under IRC section 6113.
Employment Taxes for Exempt Organizations
Links to information about employment taxes for tax-exempt organizations.
Political organizations: Resource materials
Resources available on irs.gov concerning tax-exempt political organizations (section 527).
Are you prepared to handle all this…and much more?
Political Organization Accounting and compliance are critically important to success. Accounting done right can win the day. Accounting done wrong can land you in huge trouble with the IRS or state, and even the Federal Election Commission—which does have requirements tied to state as well as federal organizations. Consequences of inaccurate, incomplete, or untimely accounting reporting can include huge monetary penalties, legal prosecution, and destruction of reputation once the word gets out.
John P. Morse, CPA, former Colorado Senate President, knows politics and political organization accounting and compliance inside and out. He and his team are specialists in helping tax-exempt political organizations, including such political action committees as PACs and SuperPACs.
Win with CPA John Morse, former Colorado State Senate president and current CPA of choice in Colorado political circles. Schedule a call.