Form 1120-POL

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Form 1120-POL

A tax return for the income of a political action committee or other politically-oriented tax exempt organization. While these organizations are not taxed directly, they may use Form 1120-POL to receive credits for federal taxes paid, for example, on gasoline.
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Other tax-exempt forms currently available for e-file include Form 990EZ, Short Form for Return of Organization Exempt From Income Tax; Form 1120POL, U.S.
(Note that in prior years, Form 1120POL was included in the subtotal for "Corporation.") The newly-defined total for exempt organization returns is projected to be 868 thousand in CY 2004, and to grow to 976 thousand by 2010.
(*) Not required to be available for public inspection, but mentioned in the text of the accompanying article, are Form 990T, Exempt Organization Business Income Tax Return and Form 1120POL, U.S.