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What is form 8871 used for?

Political organizations electronically file this form to notify the IRS: that they are to be treated as a section 527 organization, and. of any material change in the information reported on a previously filed form.

Who needs to file form 8871?

Form 8871 Notice of 527 Status To be tax-exempt, a political organization that expects to receive $25,000 or more in gross receipts in any taxable year must file Form 8871 with the IRS, unless it is required to report as a political committee to the FEC.

What is form 8871 irs?

To notify the IRS that it is claiming tax-exempt status, the organization must file Form 8871, Political Organization Notice of Section 527 Status.

irs form 8872

Form 990 Form 8872 pdf Form 8871 Form 8872 instructions a copy of the organization’s form 8871, 8872, or 990 from the irs website Form 8872 search Copy of Form 990 Form 990 pdf

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What is the penalty for filing form 8872?

The penalty for the late filing of Form 8872, which is the Return of Organization Exempt from Income Tax and Political Organization Report, is $20 per day for each day the filing is late. The maximum penalty is $10,000 or 5% of the total amount of contributions and expenditures reported on the form, whichever is less.

Who must file form 8871?

Form 8871 Notice of 527 Status To be tax-exempt, a political organization that expects to receive $25,000 or more in gross receipts in any taxable year must file Form 8871 with the IRS, unless it is required to report as a political committee to the FEC.

Who is required to file form 8872?

More In Forms and Instructions Tax-exempt section 527 political organizations file this form to report certain contributions received and expenditures made, unless an exception applies.

What is IRS form 8871 8872?

Form 8871, Political Organization Notice of Section 527 Status. Form 8872, Political Organization Report of Contributions and Expenditures.

Who is required to file form 8872?

More In Forms and Instructions Tax-exempt section 527 political organizations file this form to report certain contributions received and expenditures made, unless an exception applies.

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