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Filing Requirements The filing requirements in the chart below apply to those political organizations that: • Wish to be a tax-exempt political organization, and • Receive or expect to receive $25,000 or more in gross receipts in any taxable year. If You Are A You May Be Required To File FEC political committee, state or local candidate committee or state or local committee of a political party ¾ Form 1120-POL Qualified state or local political organization (QSLPO)* ¾ Form 8871; ¾ Form 1120-POL; and ¾ Form 990 Caucus or association of state or local officials* ¾ Form 8871; ¾ Form 8871; ¾ Form 8872; ¾ Form 1120-POL; and ¾ Form 990 or Form 990-EZ *An organization may be both a QSLPO and a caucus or association of state or local officials. If so, it is not required to file Form 8872 and Form 990. NOTE: If you are: • A political organization that is not tax-exempt, or • A tax-exempt political organization that does not have gross receipts of at least $25,000 You must file Form 1120-POL if you have taxable income after taking the $100 specific deduction for any taxable year. Description of Form Filing Requirements 1. Form 8871 – Notice of 527 Status Unless excepted (see chart below), a political organization must file Form 8871, Political ¾ Form 8872; and ¾ Form 1120-POL Any other political organization, including other federal political organizations and other state or local political organizations Organization Notice of 527 Status , with the IRS to be tax-exempt. Until it files the form, its income (including contributions) is subject to taxation. Form 8871 must be filed electronically, within 24 hours of the political organization’s establishment. An amended Form 8871 must be filed within 30 days of any material change (including termination), or any income (including contributions) it receives after the material change will be subject to taxation.
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