Get For Certain Political Organizations

Political parties; campaign committees for candidates for federal, state or local office; and political action committees are all political organizations under IRC § 527. Among other requirements, most tax-exempt political organizations have a requirement to file periodic reports on Form 8872 with the IRS. Political Organizations | Internal Revenue Service IRS (.gov) https://.irs.gov › charities-non-profits › political-... IRS (.gov) https://.irs.gov › charities-non-profits › political-...

The political organization taxable income equals its gross income (excluding exempt function income) less deductions allowed by the Code that are directly connected with producing gross income (excluding exempt function income), computed with certain modifications set forth in § 527, including a specific deduction of ... Taxable Income - Political Organizations - IRS irs.gov https://.irs.gov › charities-non-profits › taxable-inco... irs.gov https://.irs.gov › charities-non-profits › taxable-inco...

A political organization subject to Code section 527 is a party, committee, association, fund or other organization (whether or not incorporated) organized and operated primarily for the purpose of directly or indirectly accepting contributions or making expenditures, or both, for an exempt function. Political Organization Defined | Internal Revenue Service irs.gov https://.irs.gov › charities-non-profits › political-org... irs.gov https://.irs.gov › charities-non-profits › political-org...

A political organization can apply for an EIN by completing an online Form SS-4, Application for Employer Identification Number, or by calling the toll-free Business & Specialty Tax Line (800-829-4933). Employer Identification Number - Political Organizations - IRS irs.gov https://.irs.gov › charities-non-profits › employer-id... irs.gov https://.irs.gov › charities-non-profits › employer-id...

A political organization subject to Code section 527 is a party, committee, association, fund or other organization (whether or not incorporated) organized and operated primarily for the purpose of directly or indirectly accepting contributions or making expenditures, or both, for an exempt function.

Political parties. Party coalitions. Parliamentary groups or Caucus. Technical group. Political group. Labour unions. See also. References.

Under IRC 527(a), a political organization is deemed exempt from income taxes for purposes of any law referring to such organizations.

The political organization taxable income equals its gross income (excluding exempt function income) less deductions allowed by the Code that are directly connected with producing gross income (excluding exempt function income), computed with certain modifications set forth in § 527, including a specific deduction of ...