Get the free Under section 501(c), 527, or 4947(a(1) of the Internal Revenue Code (except private...

FormEXTENDED TO MAY 15, 2017990Return of Organization Exempt From Income Tax Under section 501(c), 527, or 4947(a(1) of the Internal Revenue Code (except private foundations) Do not enter social security

How to fill out under section 501c 527

How to fill out under section 501c 527

1. To fill out under section 501(c)(527), follow these steps:
2. Start by determining if your organization qualifies for section 501(c)(527) status. This section is specifically applicable to political organizations, including state, district, and local political parties; campaign committees for candidates for federal, state, or local elective public offices; and political action committees.
3. Obtain Form 8871, Political Organization Notice of Section 527 Status, from the IRS website or by calling their toll-free number. This form must be filed within 24 hours of becoming a section 527 organization.
4. Fill out Form 8871 with accurate information about your organization, including its name, address, purpose, and details about responsible parties.
5. Attach the required schedules, such as Schedule A (Contributions and Loans Received), Schedule C (Political Organization Report of Contributions and Expenditures), and any other applicable schedules, depending on the nature and activities of your organization.
6. Review the completed form and schedules to ensure all information is correct, legible, and properly supported by documentation.
7. Sign and date the form, certifying that the information provided is true, correct, and complete to the best of your knowledge.
8. Keep a copy of the completed form and all supporting documentation for your records.
9. Submit the completed Form 8871 and schedules to the IRS by mail or electronically, as directed in the form's instructions.
10. Pay any applicable filing fees, if required.
11. After filing, monitor any correspondence from the IRS regarding your application or status as a section 501(c)(527) organization. Respond promptly to any requests for additional information or clarification.
12. Note: It is recommended to consult with a qualified tax professional or attorney for assistance in properly filling out and submitting the required forms.

Who needs under section 501c 527?

1. Under section 501(c)(527) of the Internal Revenue Code, political organizations such as state, district, and local political parties; campaign committees for candidates for federal, state, or local elective public offices; and political action committees (PACs) need to fill out Form 8871 and comply with the reporting requirements.
2. These organizations engage in political activities, support candidates for public office, and raise funds for political purposes. By obtaining section 501(c)(527) status, they can benefit from certain tax exemptions and reporting provisions specific to political organizations.

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What is under section 501c 527?

Under section 501c 527 is a tax-exempt organization which is required to report its financial activities to the IRS.

Who is required to file under section 501c 527?

Political organizations that engage in political activities and seek to influence the selection, nomination, election, or appointment of any individual to any federal, state, or local public office.

How to fill out under section 501c 527?

To fill out under section 501c 527, the organization must file Form 8871 with the IRS within 24 hours of formation and then file periodic reports using Form 8872.

What is the purpose of under section 501c 527?

The purpose of under section 501c 527 is to provide a tax-exempt status to political organizations while ensuring transparency and disclosure of their financial activities.

What information must be reported on under section 501c 527?

Information such as contributions received, expenditures made, and other financial activities related to political campaigns must be reported under section 501c 527.