Question 1

&#x2705; What is the penalty for filing Form 1120-POL late?

Accepted Answer

If you fail to file Form 1120-POL on time, the IRS charges an additional fine equal to 5% of the tax due for each month the return is late. This amount cannot exceed 25% of the total amount of tax due. read more

Question 2

&#x2705; How to give access to other users to manage 1120-POL Forms in ExpressTaxExempt?

Accepted Answer

Through your Account Settings, you can add multiple users and give them varying levels of access to manage the 1120-POL Forms in your ExpressTaxExempt account. read more

Question 3

&#x2705; What information is needed to file Form 1120-POL?

Accepted Answer

To file a Form 1120-POL, you must have some important information regarding your political organization. Here is some of the important information regarding your political organization that must be present on your Form 1120-POL read more

Question 4

&#x2705; Does the IRS require political organizations to attach Schedule D to their Form 1120-POL return?

Accepted Answer

Certain organizations are required to complete and attach Schedule D to their Form 1120-POL return. If required, you must attach Schedule D to your Form 1120-POL return for it to be considered complete by the IRS. read more

Question 5

&#x2705; Can I continue a Form 1120-POL that I started but didn't finish in my ExpressTaxExempt account?

Accepted Answer

Yes! Our cloud-based program saves your progress as you complete the various sections of your 1120-POL Form. If you need to leave and come back, everything will be saved and you can pick back up where you left off to e-file your return. read more

Question 6

&#x2705; Can I retransmit my rejected 1120-POL Form with ExpressTaxExempt?

Accepted Answer

Yes. If your return has been rejected, ExpressTaxExempt makes it easy to make corrections and retransmit your return. And if you e-filed your original return with us, you can submit your retransmitted form absolutely free! read more

Question 7

&#x2705; Can I share my 1120-POL Form with other users to review before I e-file?

Accepted Answer

Yes. If you need to share an 1120-POL Form with another user or member of the organization before e-filing, you can share a sample PDF of the return through your ExpressTaxExempt account. read more

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