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

Sep 19, 2026

Upload by Tawan

U.S. Form 1120-POL (2024) provides a structured income tax return for certain political organizations, including sections for calculating taxable income, income tax, credits, total tax, payments, tax due, and overpayment. The form includes required tax and payment line items referencing specific IRS forms for related credit calculations, and it contains certification fields for signature and compliance declarations. Additional information asks about foreign financial account interests and foreign trust distributions, plus fields for tax-exempt interest, formation date, and record-keeping details.

LanguageEnglish

CategoryForms

FormatPDF

Pages2

Reading Time1 min

AccessFree to download

Part I Income

Part II Deductions

Tax and Payments

Part IV Additional Information

| 1120-POL
Fom
Department of the Treasury
nternal Revenue Service | U.S.Income Tax Return for Certain Political Organizations
Go to www.irs.gov/Form1120POL for instructions and the latest information. | OMBNo.1545-0123 | | --- | --- | --- | | | | 2024 | I For calendar year 2024 or other tax year beginning ,20 ,2024,and ending Check the box if this is a section 501(c)organization._ | | | | | | | # Partl Income | | | | | | | | | | | | | | | | | # Part II Deductions | | | | | | | | | | | | | | | | | | | | | | | # PartII Tax and Payments | Taxable income.Subtract line 18 from line 17c.If line 19 is zero or less,see i
19
20
Income tax.See instructions . . . . . .
21a Tax Credits.Foreign tax credit(Form 1118).
b Other credits(see instructions). . ..
c General business credit.Attach Form 3800 (see instructi
d Total tax credits.Add lines 21a through 21c
22 Total tax.Subtract line 21d from line 20 ....
23a Payments.Tax deposited with Form 7004 ....
b Credit for tax paid on undistributed capital gains(attach Form 2439) ..
c Credit for federal tax on fuels(attach Form 4136) ........
d Elective payment election amount from Form 3800 (section 527 organization only)
e Total payments.Add lines 23a through 23d..········
24 Tax due.Subtract line 23e from line 22.See instructions for depository metho
25 Overpayment.Subtract line 22 from line 23e ... .. . . . .. | | | | nstructions.
21a | | | | 19 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | 20 | | | | | | | | | | | 21d | | | | | | | 21b | | | | | | | | | | | 21c | | | | | | | | | | | 23a | | | | | | | | | | | | | | | 22 | | | | | | | | | | | 23e | | | | | | | 23b | | | | | | | | | | | 23c | | | | | | | | | | | 23d | | | | | | | | | | | ·.
d of payment ...
. . | | | | | | | | | | | | | | | 24 | | | | | | | | | | | 25 | | | Sign
Here | Under penalties of perjury,I declare that I have examined this retun,including accompanying schedules and statement,adto the best of my knowledge andbelief,it is
true,corect,and complete.Declaration of preparer (other than taxpayer is based on all information of which preparer has any knowledge. | | | | | | | | | | | | | | | | | May the IRS discuss this return
with the preparer shown below?
See instructions □Yes □No | | | | | Title
Date
Signature of officer | | | | | | | | | | Paid
Preparer
Use Only | | Print/Type preparer's name | Preparer's signature | | Date | Check□if
self-employed | | | PTIN | | | | Firm's name | | | | Firm's EIN | | | | | | | Firm's address | | | | Phone no. | | | | Form 1120-POL(2024) For Paperwork Reduction Act Notice,see instructions. Cat.No.11523K Page2 Fom 1120-POL(2024) # Part IV Additional Information At any time during the 2024 calendar year,did the organization have an interest in or a signature or other 26 authority over a financial account (such as a bank account,securities account,or other financial account)in a foreign country?See instructions ........ . ····· □Yes □No f "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 □Yes □No foreign trust?If "Yes,"the organization may have to file Fom 3520..···········. | 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 locateda__-- | | d Telephone no.... ·
. · · ·

FAQs

What does Form 1120-POL (2024) cover?

It covers the income tax return for certain political organizations, including income, deductions, tax calculation, credits, payments, and summary amounts.

How is taxable income and the tax due determined on the form?

Taxable income is calculated by subtracting the specified line item from line 17c, then income tax, credits, total tax, and payments are used to compute tax due and overpayment using the referenced lines.

What additional foreign-related questions are included in Part IV?

Part IV asks whether the organization had interest or signature authority over a foreign financial account during the year, and whether it received or was involved with distributions from or transfers to a foreign trust.

Sep 19, 2026

Upload by Tawan