Instructions for Form

2025

Instructions for Form

1120-POL

U.S. Income Tax Return for Certain Political Organizations

Section references are to the Internal Revenue Code unless

otherwise noted.

General Instructions

Future Developments

Purpose of Form

For the latest information about developments related to Form

1120-POL and its instructions, such as legislation and other

guidance issued after they were published, go to IRS.gov/

Form1120POL.

What’s New

Electronic payments. If you have access to U.S. banking

services or electronic payment systems, you should use direct

deposit for any refunds and pay electronically for any payments

whenever possible.

Making a payment. If there is a balance due on Part III,

line 24, go to IRS.gov/Payments for information on how to make

a payment. See the instructions for Part III, line 24, later, for more

details.

Direct deposit. If there is an overpayment on Part III, line 25,

enter the organization's direct deposit information on Form 8050,

Direct Deposit of Tax Exempt or Government Entity Tax Refund.

See the instructions for Part III, line 25, later, for more details.

Reminders

Line 21. Tax credits. This line was expanded to include

separate lines for common tax credits such as the foreign tax

credit, other credits, and general business credit.

Section 965(a) inclusion. Section 965(a) inclusion amounts

from Form 965 are not applicable for tax year 2022 and later

years. However, if the organization continues to make tax-based

installment payments on a prior-year section 965(a) election,

continue to attach Form 965-B to Form 1120-POL.

Electronic filing. Under final regulations (T.D. 9972) issued in

February 2023, filers are required to file Form 1120-POL

electronically if they file 10 or more returns in the aggregate in a

calendar year. The regulations are effective for returns required

to be filed for tax years ending on or after December 31, 2023.

See When and Where To File for more information.

How To Get Tax Help

If you have questions about a tax issue; need help preparing

your tax return; or want to download free publications, forms, or

instructions, go to IRS.gov to find resources that can help you

right away.

Getting tax forms and publications. Go to IRS.gov/Forms to

view, download, or print all the forms, instructions, and

publications you may need. Or, you can go to IRS.gov/

OrderForms to place an order.

Phone Help

If 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 Friday.

Nov 7, 2025

Political organizations and certain exempt organizations file Form

1120-POL to report their political organization taxable income

and income tax liability under section 527.

Who 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.

An exempt organization that isn’t a political organization must

file Form 1120-POL if it is treated as having political organization

taxable income under section 527(f)(1).

Political Organizations

A political organization is a party, committee, association, fund

(including a separate segregated fund described in section

527(f)(3) set up by a section 501(c) organization), or other

organization, organized and operated primarily for the purpose of

accepting contributions or making expenditures, or both, to

influence the selection, nomination, election, or appointment of

any individual to any public office or office in a political

organization, or the election of Presidential or Vice Presidential

electors. Political organizations include the following.

1. Newsletter fund if it is a fund established and maintained

by an individual who holds, has been elected to, or is a

candidate (as defined in section 527(g)(3)) for nomination or

election to any federal, state, or local elective public office. The

fund must be maintained exclusively for the preparation and

circulation of the individual’s newsletter.

2. Separate segregated fund if it is maintained by a

section 501(c) organization (exempt from tax under section

501(a)). For more information, see section 527(f)(3) and

Regulations section 1.527-6(f).

Taxable Income

Political organization taxable income (line 19) is the excess of (a)

gross income for the tax year (excluding exempt function income

(defined later)) over (b) deductions directly connected with the

earning of gross income (excluding exempt function income).

Taxable income is figured with the following adjustments.

1. A specific deduction of $100 is allowed (but not for

newsletter funds).

2. The net operating loss deduction isn’t allowed.

3. The dividends-received deduction and other special

deductions for corporations aren’t allowed. See section 527(c)

(2)(C).

Effect of failure to file Form 8871. Unless excepted (see

Other Reports and Returns That May Be Required, later), every

political organization, in order to be considered a tax-exempt

organization, must file Form 8871, Political Organization Notice

of Section 527 Status. An organization that is required to file

Instructions for Form 1120-POL (2025) Catalog Number 94018K

Department of the Treasury Internal Revenue Service www.irs.gov

Form 8871 but fails to file it when due must include, in taxable

income for the period before Form 8871 is filed, its exempt

function income (including contributions received, membership

dues, and political fundraising receipts), minus any deductions

directly connected with the production of that income. The

organization may not deduct its exempt function expenditures

because section 162(e) denies a deduction for political

campaign expenditures.

Exempt Function and Exempt Function Income

The exempt function of a political organization includes all

activities that are related to and support the process of

influencing or attempting to influence the selection, nomination,

election, or appointment of any individual to any federal, state, or

local public office, or office of a political organization, or the

election of Presidential or Vice Presidential electors, whether or

not the individuals or electors are selected, nominated, elected,

or appointed. The term “exempt function” also means the making

of expenditures relating to the individual’s office, once selected,

nominated, elected, or appointed, but only if the expenditures

would be deductible by an individual under section 162(a).

Exempt function income is the total of all amounts received

from the following sources (to the extent that they are separately

segregated only for use for an exempt function).

• Contributions of money and property.

• Membership dues, fees, or assessments paid by a member of

a political party.

• Proceeds from a political fundraising or entertainment event,

or from the sale of political campaign materials, if those amounts

aren’t received in the active conduct of a trade or business.

• Proceeds from the conduct of a bingo game, as described in

section 513(f)(2).

Specified Taxable Income

Newsletter fund. Taxable income of a newsletter fund is

figured in the same manner as taxable income of a political

organization except that the specific deduction of $100 isn’t

allowed.

Exempt organization that isn’t a political organization.

Gross income for an exempt organization described in section

501(c) that isn’t a political organization should include the lesser

of:

1. The net investment income of the organization for the tax

year, or

2. The aggregate amount spent for an exempt function

during the tax year either directly or indirectly through another

organization.

Net investment income, for this purpose, is the excess of:

1. The gross amount of interest, dividends, rents, and

royalties, plus the excess, if any, of gains from the sale or

exchange of assets, over the losses from the sale or exchange of

assets; over

2. The deductions directly connected with the production of

this income.

Taxable income is figured with the adjustments shown in (1),

(2), and (3) under Taxable Income, earlier.

Who Must Sign

The return must be signed and dated by:

• The president, vice president, treasurer, assistant treasurer,

chief accounting officer; or

• Any other officer (such as tax officer) authorized to sign.

Receivers, trustees, and assignees must also sign and date

any return filed on behalf of an organization.

2

If an employee of the organization completes Form

1120-POL, the Paid Preparer Use Only area should remain

blank. In addition, anyone who prepares Form 1120-POL but

doesn’t charge the organization shouldn’t complete that section.

Generally, anyone who is paid to prepare the return must sign it

and fill in the Paid Preparer Use Only area.

The paid preparer must complete the required preparer

information and:

• Sign the return in the space provided for the preparer’s

signature, and

• Give a copy of the return to the taxpayer.

Note: A paid preparer may sign original or amended returns by

rubber stamp, mechanical device, or computer software

program. Also, facsimile signatures are authorized.

Paid Preparer Authorization

If the organization wants to allow the IRS to discuss its 2025 tax

return with the paid preparer who signed it, check the “Yes” box

in the signature area of the return. This authorization applies only

to the individual whose signature appears in the Paid Preparer

Use Only section of the return. It doesn’t apply to the firm, if any,

shown in that section.

If the “Yes” box is checked, the organization is authorizing the

IRS to call the paid preparer to answer any questions that may

arise during the processing of its return. The organization is also

authorizing the paid preparer to:

• Give the IRS any information that is missing from its return;

• Call the IRS for information about the processing of its return

or the status of any refund or payment(s); and

• Respond to certain IRS notices that the organization may

have shared with the preparer about math errors, offsets, and

return preparation. The notices won’t be sent to the preparer.

The organization isn’t authorizing the paid preparer to receive

any refund check, bind the organization to anything (including

any additional tax liability), or otherwise represent it before the

IRS. If the organization wants to expand the paid preparer’s

authorization, see Pub. 947, Practice Before the IRS and Power

of Attorney.

However, the authorization will automatically end no later than

the due date (excluding extensions) for filing the 2026 tax return.

If the organization wants to revoke the authorization before it

ends, see Pub. 947.

When and Where To File

In general, an organization must file Form 1120-POL by the 15th

day of the 4th month after the end of the tax year.

If the due date falls on a Saturday, Sunday, or legal holiday,

the organization may file on the next business day.

Mandatory electronic filing. A filer required to file at least 10

returns of any type during the calendar year ending with or within

the tax year must file their returns electronically. “Returns” for

purposes of these instructions include information returns (for

example, Forms W-2 and Forms 1099), income tax returns,

employment tax returns (including quarterly Forms 941,

Employer’s Quarterly Federal Tax Return), and excise tax

returns. The failure to file a return electronically when required is

deemed a failure to file the return even if the filer submits a paper

return.

Any other filer can voluntarily file electronically; for general

information about electronic filing, visit IRS.gov/Efile, and see

Pub. 4163, Modernized e-File Information for Authorized IRS

e-File Providers for Business Returns. For more information

about electronic filing see Regulations section 301.6012-2.

2025 Instructions for Form 1120-POL

Paper filing. Where applicable Form 1120-POL can be filed

with the:

Department of the Treasury

Internal Revenue Service Center

Ogden, UT 84201

If the organization’s principal business, office, or agency is

located in a foreign country or a U.S. territory, the address for

mailing their return should be:

Internal Revenue Service Center

P.O. Box 409101

Ogden, UT 84409

Private delivery services. Organizations can use certain

private delivery services (PDSs) designated by the IRS for paper

filing to meet the “timely mailing as timely filing” rule for tax

returns. Go to IRS.gov/PDS for the current list of designated

services.

For the IRS mailing address to use if you’re using a PDS, go

to IRS.gov/PDSStreetAddresses. PDSs can’t deliver items to

P.O. boxes. You must use the U.S. Postal Service to mail any

item to an IRS P.O. box address.

Extension of Time To File. File Form 7004, Application for

Automatic Extension of Time To File Certain Business Income

Tax, Information, and Other Returns, to request an extension of

time to file.

Other Reports and Returns That May Be

Required

An organization that files Form 1120-POL may also be required

to file the following forms.

1. Form 8871, Political Organization Notice of Section 527

Status.

Generally, to be tax exempt, a political organization must file

this form within 24 hours of the date it is established and within

30 days of any material change in the organization. However,

don’t file this form if the organization is:

• An organization that reasonably expects its annual gross

receipts to always be less than $25,000,

• A political committee required to report under the Federal

Election Campaign Act of 1971 (2 U.S.C. 431 et seq.),

• A political committee of a state or local candidate,

• A state or local committee of a political party, or

• A tax-exempt organization described in section 501(c) that is

treated as having political organization taxable income under

section 527(f)(1).

2. Form 8872, Political Organization Report of Contributions

and Expenditures (periodic reports are required during the

calendar year).

Generally, a political organization that files Form 8871 and

accepts a contribution or makes an expenditure for an exempt

function during the calendar year must file this form. However,

this form isn’t required to be filed by an organization excepted

from filing Form 8871 (see (1) earlier), or a qualified state or local

political organization (QSLPO) (see the Instructions for Form

8871 and Rev. Rul. 2003-49, 2003-20 I.R.B. 903, for the

definition of a QSLPO).

3. Form 990, Return of Organization Exempt From Income

Tax, or Form 990-EZ, Short Form Return of Organization

Exempt From Income Tax.

An exempt political organization must also file one of these

forms if its annual gross receipts are $25,000 or more ($100,000

or more for a QSLPO).

2025 Instructions for Form 1120-POL

The following political organizations aren’t required to file

Form 990 or Form 990-EZ.

• Any political organization excepted from the requirement to

file Form 8871.

• Any caucus or association of state or local officials.

See the instructions for Form 990 or Form 990-EZ.

4. Form 8997, Initial and Annual Statement of Qualified

Opportunity Fund (QOF) Investments.

Use Form 8997 to identify qualified investments held in a

qualified opportunity fund at any time during the year. If the

organization held a qualified investment in a qualified opportunity

fund at any time during the year, the organization must file Form

1120-POL with Form 8997 attached. See the Instructions for

Form 8997.

5. Form 8992, U.S. Shareholder Calculation of Global

Intangible Low-Taxed Income (GILTI).

Use Form 8992 to figure the domestic corporation’s GILTI and

attach it to Form 1120-POL. See section 951A for more

information.

Accounting Methods

Figure taxable income using the method of accounting regularly

used in keeping the organization’s books and records. Generally,

permissible methods include:

• Cash,

• Accrual, or

• Any other method authorized by the Internal Revenue Code.

In all cases, the method used must clearly show taxable

income.

Change in accounting method. Generally, the organization

may only change the method of accounting used to report

taxable income (for income as a whole or for any material item)

by getting consent on Form 3115, Application for Change in

Accounting Method. For more information, see Pub. 538,

Accounting Periods and Methods.

Accounting Period

The organization must figure its taxable income on the basis of a

tax year. The tax year is the annual accounting period the

organization uses to keep its records and report its income and

expenses. The tax year can be a calendar year or a fiscal year.

However, an organization that doesn’t keep books or doesn’t

have an annual accounting period must use the calendar year as

its tax year. A new organization adopts its tax year by filing its

first income tax return using that tax year.

Change of tax year. After the organization has adopted a tax

year, it must get the consent of the IRS to change its tax year by

filing Form 1128, Application To Adopt, Change, or Retain a Tax

Year. See Regulations section 1.442-1 and Pub. 538.

Rounding Off to Whole Dollars

The organization may round off cents to whole dollars on the

return and accompanying schedules. If the organization does

round to whole dollars, it must round all amounts. To round, drop

amounts under 50 cents and increase amounts from 50 to 99

cents to the next dollar. For example, $1.39 becomes $1 and

$2.50 becomes $3.

If two or more amounts must be added to figure the amount to

enter on a line, include cents when adding the amounts and

round off only the total.

3

Federal Tax Deposits Must Be Made by

Electronic Funds Transfer

Organizations must use electronic funds transfer to make all

federal deposits (such as deposits of estimated tax, employment

tax, and excise tax).

Electronic Federal Tax Payment System (EFTPS). Payment

of the tax due may be submitted electronically through EFTPS.

EFTPS is a free service of the Department of the Treasury. See

IRS.gov/EFTPS and EFTPS.gov for more information.

Same-day wire. Payment of the tax due may be submitted

electronically through same-day wire from the organization’s

financial institution. Contact the organization’s financial

institution for availability, cost, and time frames. See IRS.gov/

SameDayWire for the worksheet and more information.

Deposits on business days only. If a deposit is required to be

made on a day that isn’t a business day, the deposit is

considered timely if it is made by the close of the next business

day. A business day is any day other than a Saturday, Sunday, or

legal holiday. For example, if a deposit is required to be made on

a Friday and Friday is a legal holiday, the deposit will be

considered timely if it is made by the following Monday (if that

Monday is a business day). The term “legal holiday” means any

legal holiday in the District of Columbia.

Caution: If the organization owes tax when it files Form

1120-POL, don’t include the payment with the tax return.

Instead, use EFTPS.

Interest and Penalties

Interest

Interest is charged on taxes paid late even if an extension of time

to file is granted. Interest is also charged on penalties imposed

for failure to file, negligence, fraud, gross valuation

overstatements, and substantial understatement of tax from the

due date (including extensions) to the date of payment. The

interest charge is figured at a rate determined under section

6621.

Penalties

Penalties may be imposed if the organization is required to file

Form 1120-POL and it fails to file the form by the due date. The

following penalties may apply if the organization doesn’t file its

tax return by the due date, including extensions.

Late filing of return. The organization may be charged a

penalty of 5% of the unpaid tax for each month or part of a month

the return is late, up to a maximum of 25% of the unpaid tax. The

minimum penalty for a return that is more than 60 days late is the

smaller of the tax due or $525. If the organization receives a

notice about a penalty after this return is filed, reply to the notice

with an explanation and we will determine if reasonable-cause

criteria is met. Do not include an explanation when filing the

return.

Late payment of tax. An organization that doesn’t pay the tax

when due may generally have to pay a penalty of ½ of 1% of the

unpaid tax for each month or part of a month the tax isn’t paid,

up to a maximum of 25% of the unpaid tax. If the organization

receives a notice about a penalty after this return is filed, reply to

the notice with an explanation and we will determine if

reasonable-cause criteria is met. Do not include an explanation

when filing the return.

Other penalties. Other penalties can be imposed for

negligence, substantial understatement of tax, and fraud. See

sections 6662 and 6663.

4

Assembling the Return

Attach Form 4136, Credit for Federal Tax Paid on Fuels, after

page 2 of Form 1120-POL. Attach schedules in alphabetical

order and other forms in numerical order after Form 4136.

Complete every applicable entry space on Form 1120-POL.

Do not write “See attached” instead of completing the entry

spaces. If more space is needed on the forms or schedules,

attach separate sheets using the same size and format as on the

printed forms. Show the totals on the printed forms. Attach these

separate sheets after all the schedules and forms. Be sure to put

the organization’s name and EIN on each sheet.

Specific Instructions

Period covered. File the 2025 return for calendar year 2025

and fiscal years that begin in 2025 and end in 2026. For a fiscal

year, fill in the tax year space at the top of the form.

Note: The 2025 Form 1120-POL may also be used if:

• The organization has a tax year of less than 12 months that

begins and ends in 2026, and

• The 2026 Form 1120-POL isn’t available at the time the

organization is required to file its return. The organization must

show its 2026 tax year on the 2025 Form 1120-POL and take

into account any tax law changes that are effective for tax years

beginning after 2025.

Address. Include the suite, room, or other unit number after the

street address. If the post office doesn’t deliver mail to the street

address and the organization has a P.O. box, show the box

number instead of the street address.

Final return, name change, address change, or amended

return. If the organization ceases to exist, check the “Final

return” box.

If the organization has changed its name since it last filed a

return, check the “Name change” box.

If the organization has changed its address since it last filed a

return, check the “Address change” box.

Note: If a change in address occurs after the return is filed, the

organization should use Form 8822-B, Change of Address or

Responsible Party—Business, to notify the IRS of the new

address.

Amended return. If the organization is filing an amended Form

1120-POL:

• Check the “Amended return” box,

• Complete the entire return,

• Correct the appropriate lines with the new information, and

• Refigure the tax liability.

Attach a sheet that explains the reason for the amendments

and identifies the lines and amounts being changed on the

amended return. Generally, the amended return must be filed

within 3 years after the date the original return was due or 3

years after the date the organization filed it, whichever is later.

Employer identification number (EIN). Enter the nine-digit

EIN assigned to the organization. If the organization doesn’t

have an EIN, it must apply for one. An EIN can be applied for

online by going to IRS.gov/EIN. The organization may also apply

for an EIN by faxing or mailing Form SS-4 to the IRS. Customers

outside the United States or U.S. territories may also apply for an

EIN by calling 267-941-1099 (toll call).

The online application process isn’t yet available for

organizations with addresses in foreign countries.

If the organization hasn’t received its EIN by the time the

return is due, write “Applied for” in the space provided for the

EIN. See Pub. 583, Starting a Business and Keeping Records,

for details.

2025 Instructions for Form 1120-POL

Income and deductions. Campaign contributions and other

exempt function income are generally not includible in income;

likewise, campaign expenditures and other exempt function

expenditures aren’t deductible. To be deductible in figuring

political organization taxable income, expenses must be directly

connected with the production of political organization taxable

income. In those cases where expenses are attributable to the

production of both exempt function income and political

organization taxable income, the expenses should be allocated

on a reasonable and consistent basis. Only the portion allocable

to the production of political organization taxable income may be

deducted. No deduction is allowed for general administrative or

indirect expenses.

Line 7. Other income and nonexempt function expenditures. Enter the income from other sources, such as the

following.

• Exempt function income that wasn’t properly segregated for

exempt functions.

• Income received in the ordinary course of a trade or business.

• Ordinary income from the trade or business activities of a

partnership (from Schedule K-1 (Form 1065), Partner’s Share of

Income, Deductions, Credits, etc., Part III, box 1).

• Exempt function income (minus any deductions directly

connected with the production of that income) taxable under

section 527(i)(4) for failure to timely file Form 8871. Include

amounts whether or not segregated for use for an exempt

function.

Also include on this line:

• Expenditures that were made from exempt function income

that weren’t for an exempt function and resulted in direct or

indirect financial benefit to the political organization (see

Regulations section 1.527-5 for examples), and

• Illegal expenditures.

Attach a schedule listing all income and expenditures

included on line 7.

Line 17. Taxable income before specific deduction of $100.

Political organizations, newsletter funds, and separate

segregated funds figure their tax by subtracting line 16 from

line 8 and entering the result on line 17c.

Exempt organizations (section 501(c)) that aren’t

political organizations. Complete lines 17a and 17b if the

organization made exempt function expenditures that weren’t

from a separate segregated fund. Enter on line 17c the smaller

of line 17a or 17b. See Exempt organization that isn’t a political

organization, earlier, for an explanation of the amounts to enter

on these lines.

Line 19. Taxable income. If the taxable income on line 19 is

zero or less, the Form 1120-POL isn’t required to be filed, but it

may be filed to start the statute of limitations period.

Line 20. Income tax. The tax rate for Form 1120-POL filers is

21%. Figure the tax by multiplying line 19 by 21% (0.21) and

enter the result on line 20.

Note: Estimated tax and alternative minimum tax don’t apply to

political organizations.

If Form 8978, Partner’s Additional Reporting Year Tax, was

filed, attach it to Form 1120-POL. Do not enter any amount from

Form 8978, line 14, on line 20.

Line 21. Tax credits. The organization may qualify for the

following credits.

• 21a, Foreign tax credit. See Form 1118, Foreign Tax

Credit—Corporations.

• 21b, Other credits. These credits can include the employer

credit for paid family and medical leave (see Form 8994,

employer credit for paid family and medical leave), and qualified

2025 Instructions for Form 1120-POL

electric vehicle credit (carryforward ONLY) (see Form 8834,

Qualified Electric Vehicle Credit).

• 21c, General business credit (excluding the small employer

health insurance premium credit, the work opportunity credit, the

empowerment zone employment credit, and the credit for

employer differential wage payments). See Form 3800, General

Business Credit.

Enter the total amount of qualified credits on line 21d and

attach the applicable credit forms.

If Form 8978 was filed, attach it to Form 1120-POL. Do not

enter any amount from Form 8978, line 14, on line 21.

Line 22. Total tax. If the political organization must recapture

any of the qualified electric vehicle credit, include the amount of

the recapture in the total for line 22. On the dotted line next to the

entry space, write “QEV recapture” and the amount. See

Regulations section 1.30-1 for details on how to figure the

recapture.

Line 23. Payments. The organization may have the following

payment types.

• Line 23a. Tax deposited with Form 7004.

• Line 23b. Credit for tax paid on undistributed capital gains.

Attach Form 2439.

• Line 23c. Credit for federal tax on fuels. Attach Form 4136.

• Line 23d. Elective payment election amount from Form 3800

(section 527 organization only). Enter on line 23d the total net

elective payment election amount from Form 3800, Part III,

line 6, column (j). See the Instructions for Form 3800.

Enter the total amount of payments on line 23e and attach the

applicable forms.

Line 24. Tax Due. If the amount on line 22 is more than the

amount on line 23e, subtract line 23e from line 22. This is the

amount owed.

Payments made to the federal government must be

processed electronically. Go to IRS.gov/Payments for more

information on how to make a payment and also see Federal Tax

Deposits Must Be Made by Electronic Funds Transfer, earlier.

What if I Can’t Pay Now? Apply for an online payment

agreement (IRS.gov/OPA) to meet the tax obligation in monthly

installments if the organization can’t pay in full today. Once the

online process is complete, the organization will receive

immediate notification of whether the agreement has been

approved.

Line 25. Overpayment. If the organization has access to U.S.

banking services, the organization should use direct deposit for

any refunds whenever possible. See IRS.gov/DirectDeposit for

more information.

Direct deposit is available for this form. If there is an

overpayment when filing the return, complete and attach Form

8050 to input the organization's direct deposit information. For

details, see Form 8050 for instructions.

Additional Information

Line 26. Foreign financial accounts. Check the “Yes” box if

either (1) or (2) applies to the organization. Otherwise, check the

“No” box.

1. At any time during the 2025 calendar year, the

organization had a financial interest in or signature or other

authority over a bank, securities, or other types of financial

accounts in a foreign country; and

• The combined value of the accounts was more than $10,000

at any time during the calendar year; and

• The accounts weren’t with a U.S. military banking facility

operated by a U.S. financial institution.

2. The organization owns more than 50% of the stock in any

corporation that would answer “Yes” to item (1) above.

5

See FinCEN Form 114, Report of Foreign Bank and Financial

Accounts (FBAR), to find out if the organization is considered to

have an interest in or signature or other authority over a financial

account in a foreign country.

If “Yes” is checked for this question, file FinCEN Form 114

electronically with the Department of the Treasury using

FinCEN’s BSA E-Filing System. Because FinCEN Form 114 isn’t

a tax form, don’t file it with Form 1120-POL.

See FINCEN.gov for more information.

Also, if “Yes” is checked for this question, enter the name of

the foreign country or countries. Attach a separate sheet if more

space is needed.

You aren’t required to provide the information requested on a

form that is subject to the Paperwork Reduction Act unless the

form displays a valid OMB control number. Books or records

relating to a form or its instructions must be retained as long as

their contents may become material in the administration of any

Internal Revenue law. Generally, tax returns and return

information are confidential, as required by section 6103.

Line 27. If checked “Yes” to line 27, the organization may be

required to file Form 3520, Annual Return To Report

Transactions With Foreign Trusts and Receipt of Certain Foreign

Gifts. For details, see the Instructions for Form 3520.

If you have comments concerning the accuracy of these time

estimates or suggestions for making this form simpler, we would

be happy to hear from you. You can send us comments from

IRS.gov/FormComments. Or you can write to:

Note: An owner of a foreign trust must ensure that the trust files

an annual information return on Form 3520-A, Annual

Information Return of Foreign Trust With a U.S. Owner. For

details, see the Instructions for Form 3520-A.

Line 28. In the space provided, show any tax-exempt interest

income received or accrued. Include any exempt-interest

dividends received as a shareholder in a mutual fund or other

regulated investment company.

Paperwork Reduction Act Notice. We ask for the information

on this form to carry out the Internal Revenue laws of the United

States. You are required to give us the information. We need it to

ensure that you are complying with these laws and to allow us to

figure and collect the right amount of tax.

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The time needed to complete and file this form will vary

depending on individual circumstances. The estimated burden

for business taxpayers filing this form is approved under OMB

control number 1545-0123 and 1545-0047 and is included in the

estimates shown in the Instructions for Form 1120.

Internal Revenue Service

Tax Forms and Publications

1111 Constitution Ave. NW, IR-6526

Washington, DC 20224

Although we can’t respond individually to each comment

received, we do appreciate your feedback and will consider your

comments as we revise our tax products.

Do not send the form to this office. See When and Where To

File, earlier.

2025 Instructions for Form 1120-POL

Index

A

Accounting Methods 3

Accounting Period 3

Amended return 4

E

Employer identification number 4

Exempt Function and Exempt

Function Income 2

Exempt organizations (section

501(c)) that aren’t political

organizations 5

F

Federal Tax Deposits Must Be Made

by Electronic Funds Transfer 4

Foreign financial accounts 5

Form 8871 3

Form 8872 3

Form 8992 3

Form 8997 3

Form 990 3

G

General Instructions:

Purpose of Form 1

Who Must File 1

Period covered 4

Political Organizations 1

S

Specific Instructions 4

Specified Taxable Income 2

I

T

Income and deductions 5

Income tax 5

Interest and Penalties 4

Tax credits 5

Taxable income 5

Taxable Income 1

Taxable income before specific

deduction of $100 5

Total tax 5

O

Other income and nonexempt

function expenditures 5

Other Reports and Returns That May

Be Required 3

P

Paid Preparer Authorization 2

Payments 5

W

What’s New 1

When and Where To File 2

Who Must Sign 2

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