The paper version of Form 8871 is obsolete. File Form 8871 online at www.irs.gov/polorgs IRS Keyword political orgs. Form 8871 including any supporting papers and any letter or other document the IRS issues with regard to Form 8871 are open to public inspection at the IRS in Washington DC and online at www.irs.gov/polorgs IRS Keyword political orgs. If not check the No box. If you have questions or need help completing Form 8871 please call 1-877.
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How to fill out the Form 8871 online
Form 8871 is essential for political organizations aiming to be recognized as tax-exempt under section 527. This guide provides clear, step-by-step instructions for completing the form online, ensuring you follow each necessary component accurately.
Follow the steps to complete Form 8871 smoothly.
- Click 'Get Form' button to access the form and open it in your preferred editing tool.
- Enter the Employer Identification Number (EIN) in the designated field. If you do not have an EIN, you will need to apply for one using Form SS-4.
- If filing an amended notice, provide the date of the material change on line 4b; otherwise, this step can be skipped for initial notices.
- On line 9, enter the name of the election authority and any identification numbers assigned, or enter 'None' if not applicable.
- List all officers, directors, and highly compensated employees on lines 15a through 15c, including names, titles, and addresses.
- After submitting, you can save changes, download, print, or share the form as necessary.
Complete your Form 8871 online today to ensure your political organization meets IRS requirements.
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Who must file Form 8872?
Form 8871 Notice of 527 Status To be tax-exempt, a political organization that expects to receive $25,000 or more in gross receipts in any taxable year must file Form 8871 with the IRS, unless it is required to report as a political committee to the FEC.
What is the difference between a 527 political action committee and a 501 c )( 4 )? Quizlet?
The main difference between a 527 Committee and a 501c(4) Committee is that... A 501c(4) is not legally required to disclose where it gets its money, while a 527 is legally required to do so. Was declined by both major-party candidates. ... The rights of individuals to spend their own money is constitutionally protected.
What is Section 527 of the IRS tax code?
IRC 527 provides that "political organizations" are subject to tax only to the extent provided for in that section. For all other purposes under federal law, they are treated as tax exempt organizations.
Do I have to file Form 8872?
Unless an exception applies (see Who Must File below), a tax-exempt section 527 political organization must file Form 8872 to report certain contributions received and expenditures made.
What is a form 8871?
Purpose of Form Political organizations must use Form 8871 to notify the IRS that the organization is to be treated as a tax-exempt section 527 organization. ... Political organizations must also use Form 8871 to notify the IRS of any material change in the information reported on a previously filed Form 8871.
Do I have to file Form 8871?
If an organization in fact has annual gross receipts of $25,000 or more for any taxable year, it must file Form 8871 within 30 days of receiving $25,000 in a single taxable year to continue to be tax-exempt.
What is a 527 entity?
A 527 organization or 527 group is a type of U.S. tax-exempt organization organized under Section 527 of the U.S. Internal Revenue Code (26 U.S.C. § 527). A 527 group is created primarily to influence the selection, nomination, election, appointment or defeat of candidates to federal, state or local public office.
Is a 527 a PAC?
The Section 527 Political Action Committee (527 PAC) in conjunction with Political Organization and Filing Disclosure (POFD) is an Internal Revenue Service (IRS) application controlled under the IRS TEGE Business Unit.
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