Enlarge image | OMB No. 1545-0123 Form1120-POL U.S. Income Tax Return for Certain Political Organizations Department of the Treasury Internal Revenue Service Go to www.irs.gov/Form1120POL for instructions and the latest information. 2024 For calendar year 2024 or other tax year beginning , 2024, and ending , 20 Check the box if this is a section 501(c) organization . . . . . . . . . . . . . . . . . . . . . . . . . . . Check if: Name of organization Employer identification number Final return Name change Number, street, and room or suite no. (If a P.O. box, see instructions.) Address change Amended return City or town, state or province, country, and ZIP or foreign postal code Part I Income 1 Dividends (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Gross rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 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 Part II Deductions 9 Salaries and wages . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 10 Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . 10 11 Rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 12 Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 13 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 14 Depreciation (attach Form 4562) . . . . . . . . . . . . . . . . . . . . . . . 14 15 Other deductions (attach statement) . . . . . . . . . . . . . . . . . . . . . 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 . . . . . . . . . . . . . . b Aggregate amount expended for an exempt function (attach statement) . . 17c 18 Specific deduction of $100 (not allowed for newsletter funds defined under section 527(g)) . . . . 18 Part III Tax and Payments 19 Taxable income. Subtract line 18 from line 17c. If line 19 is zero or less, see instructions . . . . . 19 20 Income tax. See instructions . . . . . . . . . . . . . . . . . . . . . . . 20 21 a Tax Credits. Foreign tax credit (Form 1118) . . . . . . . . . . 21a b Other credits (see instructions) . . . . . . . . . . . . . . 21b c General business credit. Attach Form 3800 (see instructions) . . . . . 21c d Total tax credits. Add lines 21a through 21c . . . . . . . . . . . . . . . . . . 21d 22 Total tax. Subtract line 21d from line 20 . . . . . . . . . . . . . . . . . . . . 22 23 a Payments. Tax deposited with Form 7004 . . . . . . . . . . 23a b Credit for tax paid on undistributed capital gains (attach Form 2439) . . 23b c Credit for federal tax on fuels (attach Form 4136) . . . . . . . . 23c d Elective payment election amount from Form 3800 (section 527 organization only) 23d e Total payments. Add lines 23a through 23d . . . . . . . . . . . . . . . . . . . 23e 24 Tax due. Subtract line 23e from line 22. See instructions for depository method of payment . . . . 24 25 Overpayment. Subtract line 22 from line 23e . . . . . . . . . . . . . . . . . . 25 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 May the IRS discuss this return Here with the preparer shown below? Signature of officer Date Title See instructions Yes No Print/Type preparer’s name Preparer’s signature Date Check if PTIN Paid self-employed Preparer Firm’s name Firm’s EIN Use Only Firm’s address Phone no. For Paperwork Reduction Act Notice, see instructions. Cat. No. 11523K Form 1120-POL (2024) |
Enlarge image | Form 1120-POL (2024) Page 2 Part IV Additional Information 26 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 If “Yes,” enter the name of the foreign country 27 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 28 Enter the amount of tax-exempt interest received or accrued during the tax year . . . . . . . . $ 29 Date organization formed . . . . . . . . . . . . . . . . . . . . . . . . . . . 30a The books are in care of b Enter name of candidate c The books are located at d Telephone no. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Form 1120-POL (2024) |