Political Organizations Can Now File Their Taxes with Ease

ExpressTaxExempt has a new form that’s specifically designed and ready to be filed by political organizations. Form 1120-POL is typically filed by political organizations and certain tax-exempt organizations with taxable income remaining after the $100 special deduction has been taken for the taxable year.

Form 1120-POL is due annually on the 15th day of the fourth month following the organization’s tax year end date.

For organizations that operate on a calendar tax year (January 1 to December 31), the due date is April 15 each year.

To e-file Form 1120-POL, you’ll need some information about the organization such as its tax year beginning and end dates as well as the organization name, employer identification number (EIN), and address. Financial details including income, deductions, and tax data will also be needed once you navigate through the e-filing process. Once this information has been submitted, an officer of the organization must sign Form 1120-POL before e-filing it with the IRS.

It is extremely important for political organizations to file this form. Failing to file or filing late can result in the group incurring penalties from the IRS. Organizations that fail to file are required to pay an additional fine equal to 5% of the tax due for each month the return is late, with a maximum of 25% of the total tax due. Form 1120-POL returns that are filed more than 60 days late will have to pay the remaining tax due or $135, whichever is smaller.

ExpressTaxExempt eliminates the hassle of a long filing process by providing Form 1120-POL with a very simplistic process that can be completed in five easy steps:

1) Create Your Account

• Enter your email address, password, and some basic identifying information to create your free account and start filing.

2) Start a New Form

• From your Dashboard, select the Start New Form option. Then, click Form 1120-POL to begin entering information to e-file your Form 1120-POL. 

3) Enter Organization Information

• Here, you’ll enter your basic organization information needed to file Form 1120-POL. This information includes your organization name, EIN, and address. This information must match what’s on the IRS’s records. 

4) Complete Our Interview Process

• Rather than fill out your form line by line, complete our simplified, interview-style process to enter information and complete your Form 1120-POL. Once you’ve finished, you can review your form to ensure everything looks correct. 

5) Pay & Transmit

• Once you’ve confirmed that everything looks good to go on your Form 1120-POL, all that’s left to do is to pay our one-time transmittal fee and e-file your Form 1120-POL directly with the IRS.

Our simple and easy-to-use form can be completed at any time with  ExpressTaxExempt for an affordable and competitive rate of $49.90. Be sure to take advantage of this great new form that will surely be beneficial to your organization when filing annually. If you have any questions about the e-filing process or need assistance while filing, we are always here to provide you with stellar customer support.  We’re here to assist you by phone at 704. 839.2321 on Monday through Friday from 9 a.m. to 6 p.m. EST or feel free to reach us 24/7 via email at support@ExpressTaxExempt.com.

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ExpressTaxExempt Now Offers Form 1120-POL for Political Organizations!

Political Organizations now have a form of their own to file their annual tax returns. Available through ExpressTaxExempt, Form 1120-POL has made it easier than ever for political organizations to transmit error-free returns to the IRS. 

Each year, political organizations and some tax-exempt organizations are required to file Form 1120-POL with the IRS if they have any taxable income. ExpressTaxExempt’s newest form provides a much faster and more secure       e-filing process that can be filled out and submitted directly to the IRS within minutes compared to the extended paper filing process. 

Since our mission at ExpressTaxExempt is to help organizations, we have created a simple and easy-to-use form that any leader can complete. With exclusive features such as our IRS-authorized status, interview-style process, internal error checks and US based support, Form 1120-POL is sure to be beneficial to political organizations worldwide. Furthermore, benefits of e-filing IRS form 1120-POL with ExpressTaxExempt include the support of all Form 1120-POL schedules and attachments, ability to add multiple users to manage, review, and approve the form on your behalf, retransmitting rejected forms at no extra cost, e-filing for unlimited organizations through one account, and receiving real-time e-mail notices throughout the e-filing process. 

The process to e-file Form 1120-POL is that of a very simple one and can be completed in five easy steps. Once these steps have been completed and all information has been confirmed, all that’s left to do is to simply pay and transmit directly to the IRS. As an IRS-authorized e-filing product, ExpressTaxExempt is able to offer e-filing Form 1120-POL at a very competitive rate. With no start-up costs or monthly fees, you will only pay a one-time transmittal fee of $49.90 to complete filing. 

ExpressTaxExempt also offers an extension service through affiliate ExpressExtension to file Form 1120-POL. Users can quickly file Form 7004 and be granted an automatic 6-month extension of time to file the information return. 

So this tax year, political organizations be sure to take advantage of the great benefits and features provided by Form 1120-POL by quickly, easily, and securely filing with ExpressTaxExempt. 

As always, feel free to contact our support team of e-file experts at 704.839.2321 for any questions or help with your e-filing experience. We’re here to assist you Monday through Friday from 9 a.m. to 6 p.m. EST or feel free to reach us 24/7 via email at support@ExpressTaxExempt.com.  

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