Form1120-POL U.S. Income Tax Return for Certain Political ...

1 Form1120-POLD epartment of the Treasury Internal Revenue Income Tax Return for Certain Political Organizations Go to for the latest No. 1545-01232018 For calendar year 2018 or other tax year beginning , 2018, and ending , 20 Check the box if this is a section 501(c) organization .. Check if: Final Return Name change Address change Amended Return Name of organizationNumber, street, and room or suite no. (If a box, see instructions.)City or town, state or province, country, and ZIP or foreign postal codeEmployer identification numberIncome 1 Dividends (attach statement) .. 1 2 Interest .. 2 3 Gross rents .. 3 4 Gross royalties.

2 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 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 .

3 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 Tax 19 Taxable Income . Subtract line 18 from line 17c. If line 19 is zero or less, see the instructions .. 19 20 Income tax. See instructions ..20 21 Tax credits. Attach the applicable credit forms. See instructions .. 21 22 Total tax. Subtract line 21 from line 20 .. 22 23 Payments: a 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 Total payments.

4 Add lines 23a through 23c ..23d 24 Tax due. Subtract line 23d from line 22. See instructions for depository method of 25 Overpayment. Subtract line 22 from line 23d .. 25 Additional Information 1 At any time during the 2018 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 .. YesNoIf Yes, enter the name of the foreign country 2 During the tax year, did the organization receive a distribution from, or was it the grantor of, or transferor to, a foreign trust?

5 If Yes, the organization may have to file Form 3520 ..YesNo3 Enter the amount of tax-exempt interest received or accrued during the tax year .. $4 Date organization formed 5aThe books are in care of b Enter name of candidate c The books are located at d Telephone No. Sign HereUnder 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. Signature of officerDate TitleMay the IRS discuss this Return with the preparer shown below?

6 See instructionsYesNo Paid Preparer Use OnlyPrint/Type preparer s namePreparer s signatureDateCheck if self-employedPTINFirm s name Firm s address Firm s EIN Phone Paperwork Reduction Act Notice, see No. 11523 KForm 1120-POL (2018) Form 1120-POL (2018)Page 2 Section references are to the Internal Revenue Code unless otherwise noted. Future developments. For the latest information about developments related to Form 1120-POL, such as legislation enacted after it was published, go to s New21% tax rate. 115-97 replaced the graduated corporate tax structure with a flat 21% corporate tax rate, effective for tax years beginning after 2017.

7 The 21% rate applies to both a principal campaign committee and a Political organization that is not a principal campaign 115-97 amended section 965. As a result of the amendment, Certain taxpayers are required to include in Income an amount (section 965(a) inclusion amount) based on the accumulated post-1986 deferred foreign Income of Certain foreign corporations of which they are shareholders, either directly or indirectly through other entities. Other taxpayers may have inclusions in Income under section 951(a) by reason of section 965 due to ownership of deferred foreign Income corporations (DFICs) through pass-through entities that are themselves shareholders of DFICs.

8 Section 965 also allows for a deduction (section 965(c) deduction). Section 965(a) inclusions and corresponding section 965(c) deductions are taken into account in the shareholder s year that includes the last day of the relevant foreign corporation s last tax year that began before January 1, of global intangible low-taxed Income (GILTI). 115-97 enacted new section 951A, which requires shareholders of controlled foreign corporations to determine and include their GILTI in taxable Income every year. Section 951A is effective for tax years of foreign corporations beginning after 2017, and to tax years of shareholders in which or with which such tax years of foreign corporations end.

9 Use Form 8992, Shareholder Calculation of Global Intangible Low-Taxed Income (GILTI), to figure the domestic corporation's GILTI and attach it to Form 1120-POL. See section 951A for more 8994, Employer Credit for Paid Family and Medical Leave. Form 8994 can be filed with Form 1120-POL. This is a new general business credit explained in 115-97, section tax years beginning after 2015, the due date of filing Form 1120-POL is the 15th day of the 4th month after the end of the organization s tax year. How To Get Forms and PublicationsInternet. You can access the IRS website 24 hours a day, 7 days a week, at to: Download forms, instructions, and publications; Order IRS products online; Research your tax questions online; Search publications online by topic or keyword; View Internal Revenue Bulletins (IRBs) published in recent years; and Sign up to receive local and national tax news by forms and publications.

10 Go to to view, download, or print all of the forms and publications you may need. You can also download and view popular tax publications and instructions (including the 1040 instructions) on mobile devices as an eBook at no charge. Or, you can go to to place an order and have forms mailed to you within 10 business Instructions Purpose of Form Political organizations and Certain exempt organizations file Form 1120-POL to report their Political organization taxable Income and Income tax liability under section 527. Phone HelpIf you have questions and/or need help completing Form 1120-POL, please call 877-829-5500. This toll-free telephone service is available Monday through Must File A Political organization, whether or not it is tax exempt, must file Form 1120-POL if it has any Political organization taxable Income .