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Form

Department of the Treasury


1120-POL U.S. Income Tax Return
for Certain Political Organizations
OMB No. 1545-0129

Internal Revenue Service

For calendar year 1993 or other tax year beginning , 1993, and ending , 19 .
Note: If you are a section 501(c) organization or a separate segregated fund described in section 527(f)(3), check here ©
Name of organization Employer identification number
Please print or type

Number, street, and room or suite no. (If a P.O. box, see page 4 of instructions.) Candidates for U.S. Congress Only
If this is a principal campaign committee, and it is the
ONLY political committee, check here
City or town, state, and ZIP code If this is a principal campaign committee, but is NOT
the only political committee, check here and attach a
copy of designation (See instructions on page 2.)
Check applicable boxes: (1) Final return (2) Change of address (3) Amended return
1 Dividends (attach schedule) 1
2 Interest 2
3 Gross rents 3
Income

4 Gross royalties 4
5 Capital gain net income (attach Schedule D (Form 1120)) 5
6 Net gain or (loss) from Form 4797, Part II, line 20 (attach Form 4797) 6
7 Other income and nonexempt function expenditures (see instructions) 7
8 Total income. Add lines 1 through 7 8
9 Salaries and wages 9
10 Repairs and maintenance 10
11 Rents 11
12 Taxes and licenses 12
Deductions

13 Interest 13
14 Depreciation (attach Form 4562) 14
15 Other deductions (attach schedule) 15
16 Total deductions. Add lines 9 through 15 16
17 Taxable income before specific deduction of $100 (see instructions). Section 501(c) organizations show:
a amount of net investment income ©

b aggregate amount expended for an exempt function (attach schedule) © 17c


18 Specific deduction of $100 (not allowed for newsletter funds defined under section 527(g)) 18
19 Taxable income. Subtract line 18 from line 17c (If line 19 is zero or less, do not file Form 1120-POL.) 19
20 Income tax (see instructions) 20
21 Tax credits (Attach all applicable forms.) (see instructions) 21
22 Total tax. Subtract line 21 from line 20 22
23a
Tax

23 Payments: a Tax deposited with Form 7004


b Credit from regulated investment companies (attach Form 2439) 23b
c Credit for Federal tax on fuels (attach Form 4136) 23c
d Total. Add lines 23a through 23c 23d
24 Tax due. Subtract line 23d from line 22. See instructions on page 3 for depositary method of payment 24
25 Overpayment. Subtract line 22 from line 23d 25
1 At any time during the tax year, did the organization have an interest in or a signature or other authority over a financial
account in a foreign country (such as a bank account, securities account, or other financial account)? (See instructions.) Yes No
If “Yes,” enter the name of the foreign country ©
Information
Additional

2 Was the organization the grantor of, or transferor to, a foreign trust that existed during the current tax
year, whether or not the organization has any beneficial interest in it? Yes No
If ‘‘Yes,’’ the organization may have to file Forms 926, 3520, or 3520-A.
3 Enter the amount of tax-exempt interest received or accrued during the tax year © $
4 Date organization formed ©
5a The books are in care of © b Enter name of candidate ©
c The books are located at © d Telephone No. ©
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge
Please and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Sign
Here © Signature of officer Date © Title

Paid
Preparer’s
Preparer’s
signature © Date
Check if
self-employed ©
Preparer’s social security no.

©
Firm’s name (or E.I. No. ©
Use Only yours, if self-employed)
and address ZIP code ©

For Paperwork Reduction Act Notice, see instructions on page 2. Cat. No. 11523K Form 1120-POL (1993)
Form 1120-POL (1993) Page 2

Paperwork Reduction Act election, or appointment of any individual to 3. The dividends-received deduction and
any public office or office in a political other special deductions for corporations are
Notice organization, or the election of Presidential or not allowed. See Regulations section 1.527-4.
We ask for the information on this form to Vice-Presidential electors. Political Newsletter Fund Taxable Income.—Taxable
carry out the Internal Revenue laws of the organizations include principal campaign income of a newsletter fund is figured in the
United States. You are required to give us the committees, newsletter funds, and certain same manner as taxable income of a political
information. We need it to ensure that you are tax-exempt organizations. organization except that the specific
complying with these laws and to allow us to Principal Campaign Committees.—A deduction of $100 is not allowed.
figure and collect the right amount of tax. principal campaign committee is the political Tax-Exempt Organization Taxable
The time needed to complete and file this committee designated by a candidate for Income.—Taxable income of a tax-exempt
form will vary depending on individual Congress as his or her principal campaign organization is the lesser of (1) the amount
circumstances. The estimated average time committee for purposes of section 302(e) of spent for an exempt function during the tax
is: the Federal Election Campaign Act of 1971 year either directly or indirectly through
and section 527(h). another organization or (2) the net investment
Recordkeeping 15 hr., 32 min.
If a candidate for Congress elects to make income of the organization for the tax year.
Learning about the a designation under section 527(h), he or she This income is subject to the adjustments
law or the form 6 hr., 23 min. must designate the principal campaign under Taxable Income above.
Preparing the form 15 hr., 18 min. committee by attaching a copy of the Net investment income, for this purpose, is
Copying, assembling, Statement of Candidacy to Form 1120-POL. (1) the gross amount of interest, dividends,
and sending the This can be either the Federal Election rents, and royalties, plus the excess, if any, of
form to the IRS 2 hr., 25 min. Commission’s Form 2 or an equivalent gains from the sale or exchange of assets,
statement filed with the Federal Election over the losses from the sale or exchange of
If you have comments concerning the Commission.The designation may also be
accuracy of these time estimates or assets, over (2) the deductions directly
made by attaching a signed statement with connected with the production of this income.
suggestions for making this form more the following information:
simple, we would be happy to hear from you. Exempt Function.—The exempt function of a
You can write to both the Internal Revenue ● The candidate’s name and address. political organization is the function of
Service, Attention: Reports Clearance Officer, ● The candidate’s identifying number. influencing or attempting to influence the
PC:FP, Washington, DC 20224; and the ● The candidate’s party affiliation and office selection, the nomination, election, or
Office of Management and Budget, sought. appointment of any individual to any Federal,
Paperwork Reduction Project (1545-0129), state, or local public office, or office of a
Washington, DC 20503. DO NOT send the ● The district and state in which the office is political organization, or election of
tax form to either of these addresses. sought. Presidential or Vice-Presidential electors,
Instead, see Where To File on page 3. ● The name and address of the principal whether or not the individual or electors are
campaign committee. selected, nominated, elected, or appointed.
Changes To Note The term “exempt function” also means the
Note: If the candidate for Congress has a
The Revenue Reconciliation Act of 1993 (the making of expenditures relating to the
designation in effect from an earlier year,
“Act”) increased the maximum tax rate for a individual’s office, once selected, nominated,
attach a copy of the earlier year’s designation
principal campaign committee to 35% for elected, or appointed, but only if the
to this year’s Form 1120-POL and check the
committees with taxable income over $10 expenditures would be deductible by an
appropriate box on the form. See Regulations
million. A principal campaign committee with individual under section 162(a).
section 1.527-9. If a candidate for Congress
taxable income over $15 million is subject to
has only one political campaign committee, Exempt Function Income.—Exempt function
an additional tax of 3% of the excess over
no designation is required. However, be sure income is the total of all amounts received
$15 million, or $100,000 whichever is smaller.
to check the appropriate box on Form from the following sources (to the extent that
The new rates appear on page 4 of the
1120-POL. they are separately segregated only for use
instructions.
Newsletter Fund.—A newsletter fund is a for an exempt function):
The Act increased the tax on a political
fund established and maintained by an 1. Contributions of money and property.
organization that is not a principal campaign
individual who holds, has been elected to, or 2. Membership dues, fees, or assessments
committee from 34% to 35%. See page 4 of
is a candidate (as defined in section 527(g)(3)) paid by a member of a political party.
the instructions.
for nomination or election to any Federal,
state, or local elective public office. The fund 3. Proceeds from a political fundraising, or
General Instructions is maintained exclusively for the preparation entertainment event, or from the sale of
Section references are to the Internal and circulation of the individual’s newsletter. political campaign materials, if those amounts
Revenue Code unless otherwise noted. are not received in the active conduct of a
Tax-Exempt Organizations.—A separate trade or business.
Purpose of Form.—Form 1120-POL is used segregated fund maintained by a section
to report the taxable income and income tax 501(c) organization (exempt from tax under 4. Proceeds from the conduct of a bingo
liability of political organizations. section 501(a)) is treated as a political game, as described in section 513(f)(2).
Who Must File organization. For more information, see
section 527(f) and Regulations section
When To File
A political organization must file Form 1.527-6. In general, an organization must file Form
1120-POL if the organization has any political 1120-POL by the 15th day of the 3rd month
organization taxable income. Taxable Income.—Taxable income of a
political organization is the excess of after the end of the tax year.
Political Organizations (1) gross income for the tax year (excluding If the due date falls on a Saturday, Sunday,
A political organization is a party, committee, exempt function income) over (2) deductions or legal holiday, the organization may file on
association, fund (including a separate directly connected with the earning of gross the next business day.
segregated fund described in section 527(f)(3) income. Taxable income is figured with the Extension.—File Form 7004, Application for
set up by a section 501(c) organization), or following adjustments: Automatic Extension of Time To File
other organization, organized and operated 1. A specific deduction of $100 is allowed. Corporation Income Tax Return, to request a
primarily for the purpose of accepting 2. The net operating loss deduction is not 6-month extension of time to file Form
contributions or making expenditures, or allowed. 1120-POL.
both, to influence the selection, nomination,
Form 1120-POL (1993) Page 3

Where To File include the cash, accrual, or any other Caution: If the organization owes tax when it
method authorized by the Internal Revenue files Form 1120-POL, do not include the
If the political Use the following Code. In all cases, the method used must payment with the tax return. Instead, mail or
organization’s main Internal Revenue clearly show taxable income. deliver the payment with Form 8109 to a
office is located in Service Center address qualified depositary or FRB.
Under the accrual method, an amount is
Ä Ä includible in income when all the events have
New Jersey, New York (New occurred that fix the right to receive the Interest and Penalties
York City and counties of
Holtsville, NY 00501 income and the amount can be determined Interest.—Interest is charged on taxes not
Nassau, Rockland, Suffolk, with reasonable accuracy. See Regulations
and Westchester) paid by the due date even if an extension of
section 1.451-1(a) for details. time to file is granted. Interest is also charged
New York (all other counties), Generally, an accrual basis taxpayer can on penalties imposed for failure to file,
Connecticut, Maine,
Massachusetts, Andover, MA 05501 deduct accrued expenses in the tax year in negligence, fraud, gross valuation
New Hampshire, which all events that determine the liability overstatements, and substantial
Rhode Island, Vermont have occurred, the amount of the liability can understatement of tax from the due date
Florida, Georgia, be figured with reasonable accuracy, and (including extensions) to the date of payment.
Atlanta, GA 39901 economic performance takes place with The interest charge is figured at a rate
South Carolina
respect to the expense. There are exceptions determined under section 6621.
Kansas, New Mexico,
Oklahoma, Texas
Austin, TX 73301 to the economic performance rule for certain Late filing of return.—An organization that
items, including recurring expenses. See does not file its tax return by the due date,
Indiana, Kentucky, Michigan, section 461(h) and the related regulations for including extensions, may have to pay a
Cincinnati, OH 45999
Ohio, West Virginia the rules for determining when economic penalty of 5% of the unpaid tax for each
Illinois, Iowa, Minnesota, performance takes place. month or part of a month the return is late,
Kansas City, MO 64999
Missouri, Wisconsin Generally, the organization may change the up to a maximum of 25% of the unpaid tax.
Alabama, Arkansas, method of accounting used to report taxable The minimum penalty for a return that is more
Louisiana, Mississippi, Memphis, TN 37501 income (for income as a whole or for any than 60 days late is the smaller of the tax due
North Carolina, Tennessee material item) only by getting consent on or $100. The penalty will not be imposed if
Alaska, Arizona, California Form 3115, Application for Change in the organization can show that the failure to
(counties of Alpine, Amador, Accounting Method. For more information, file on time was due to reasonable cause.
Butte, Calaveras, Colusa, get Pub. 538, Accounting Periods and Organizations that file late must attach a
Contra Costa, Del Norte, El Methods.
Dorado, Glenn, Humboldt, statement explaining the reasonable cause.
Lake, Lassen, Marin, Change in Accounting Period.—Generally, Late payment of tax.—An organization that
Mendocino, Modoc, Napa, before changing an accounting period, the
Nevada, Placer, Plumas, does not pay the tax when due may have to
Sacramento, San Joaquin, Ogden, UT 84201 Commissioner’s approval must be obtained pay a penalty of 1⁄2 of 1% of the unpaid tax
Shasta, Sierra, Siskiyou, (Regulations section 1.442-1) by filing Form for each month or part of a month the tax is
Solano, Sonoma, Sutter, 1128, Application To Adopt, Change, or not paid, up to a maximum of 25% of the
Tehama, Trinity, Yolo, and Retain a Tax Year. Also see Pub. 538.
Yuba), Colorado, Idaho, unpaid tax. This penalty may also apply to
Montana, Nebraska, Nevada, any additional tax not paid within 10 days of
North Dakota, Oregon, South Rounding Off to Whole the date of the notice and demand for
Dakota, Utah, Washington,
Wyoming Dollars payment. The penalty will not be imposed if
the organization can show that the failure to
California (all other The organization may show amounts on the pay on time was due to reasonable cause.
Fresno, CA 93888
counties), Hawaii return and accompanying schedules as whole
dollars. To do so, drop any amount less than Other penalties.—Other penalties can be
Delaware, District of
Columbia, Maryland, Philadelphia, PA 19255 50 cents and increase any amount from 50 imposed for negligence, substantial
Pennsylvania, Virginia cents through 99 cents to the next higher understatement of tax, and fraud. See
dollar. sections 6662 and 6663.
Who Must Sign Depositary Method of Tax Attachments
The return must be signed and dated by the
president, vice president, treasurer, assistant
Payment Attach Form 4136, Credit for Federal Tax
treasurer, chief accounting officer, or any The organization must pay the tax due in full Paid on Fuels, after page 1 of Form
other organization officer (such as tax officer) no later than the 15th day of the 3rd month 1120-POL. Attach schedules in alphabetical
authorized to sign. Receivers, trustees, and after the end of the tax year. Deposit order and other forms in numerical order after
assignees must also sign and date any return organization income tax payments with Form Form 4136.
filed on behalf of an organization. 8109, Federal Tax Deposit Coupon. Do not To assist us in processing the return,
If an organization officer completed Form send deposits directly to an IRS office. Mail please complete every applicable entry space
1120-POL, the Paid Preparer’s space should or deliver the completed Form 8109 with the on Form 1120-POL. Do not write “See
remain blank. Anyone who prepares Form payment to a qualified depositary for Federal attached” instead of completing the entry
1120-POL but does not charge the taxes or to the Federal Reserve bank (FRB) spaces. If you need more space on the forms
organization should not sign the return. servicing the organization’s geographic area. or schedules, attach separate sheets. Use the
Generally, anyone who is paid to prepare the Make checks or money orders payable to that same size and format as on the printed
return must sign it and fill in the Paid depositary or FRB. forms. But show your totals on the printed
Preparer’s Use Only area. To help ensure proper crediting, write the forms. Attach these separate sheets after all
organization’s employer identification number, the schedules and forms. Be sure to put the
The paid preparer must complete the organization’s name and EIN on each sheet.
the tax period to which the deposit applies,
required preparer information and:
and “Form 1120-POL” on the check or
● Sign the return, by hand, in the space money order. Be sure to darken the “1120” Specific Instructions
provided for the preparer’s signature
(signature stamps and labels are not
box on the coupon. These records of Period Covered
deposits will be sent to the IRS.
acceptable). File the 1993 return for calendar year 1993
A penalty may be imposed if the deposits
and fiscal years that begin in 1993 and end in
● Give a copy of the return to the taxpayer. are mailed or delivered to an IRS office rather
1994. For a fiscal year, fill in the tax year
than to an authorized depositary or FRB.
spaces at the top of the form.
Accounting Methods For more information on deposits, see the
Taxable income must be computed using the instructions in the coupon booklet (Form
method of accounting regularly used in 8109) and Pub. 583, Taxpayers Starting a
keeping the organization’s books and Business.
records. Generally, permissible methods
Form 1120-POL (1993) Page 4

Address.—Include the suite or room or other Line 17(c), Taxable income before specific Disabled access credit. See Form 8826,
unit number after the street address. If the deduction of $100.—Political organizations, Disabled Access Credit, and section 44.
Post Office does not deliver mail to the street newsletter funds, and separate segregated Credit for fuel produced from a
address and the organization has a P.O. box, funds: Subtract line 16 from line 8 and enter nonconventional source. See section 29 for a
show the box number instead of the street the result on line 17(c). Section 501(c) definition of qualified fuels, provisions for
address. organizations, enter on line 17(c) the lesser of figuring the credit, and other special rules.
Note: If a change in address occurs after the line 17(a) or line 17(b).
Enhanced oil recovery credit. See Form
return is filed, the organization should use Line 20, Income tax.—The rate of tax 8330, Enhanced Oil Recovery Credit, and
Form 8822, Change of Address, to notify the imposed depends on whether the political section 43.
IRS of the new address. organization is a principal campaign
Qualified electric vehicle credit. See Form
Final Return, Change of Address, Amended committee as defined in section 527(h). The
8834, Qualified Electric Vehicle Credit, and
Return.—If the organization ceases to exist, tax rate is lower for a principal campaign
section 30.
check the “Final return” box. To amend a committee.
previously filed Form 1120-POL, file a Renewable electric production credit. See
Political organization not a principal
corrected Form 1120-POL and check the Form 8835, Renewable Electricity Production
campaign committee.—An organization that
“Amended return” box. Credit, and section 45.
is not a principal campaign committee
If the organization has changed its address computes its tax on political organization Enter the total amount of these credits on
since it last filed a return, check the box for taxable income as follows: Multiply line 19 by line 21 and attach the appropriate forms.
“Change of address.” 35% and enter the result on line 20. Note: Investment credit and jobs credit do
Employer Identification Number (EIN).— Principal campaign committee (section not apply to political organizations.
Show the correct EIN in the space provided. 527(h)).—A political organization that is a
If the organization does not have an EIN, it principal campaign committee of a candidate Additional Information
should apply for one on Form SS-4, for U.S. Congress computes its tax as Question 1
Application for Employer Identification follows:
Number. Form SS-4 can be obtained at most Foreign financial accounts.—Check the
1. Enter taxable income (line 19,
IRS or Social Security Administration (SSA) “Yes” box if either 1 or 2 below applies to the
Form 1120-POL)
offices. If the organization has not received its organization. Otherwise, check the “No” box:
2. Enter line 1 or $50,000,
EIN by the time the return is due, write whichever is less 1. At any time during the 1993 calendar
“Applied for” in the space provided for the year the organization had an interest in or
EIN. See Pub. 583 for more information. 3. Subtract line 2 from line 1 signature or other authority over a bank,
Income and Deductions.—Campaign 4. Enter line 3 or $25,000, securities, or other financial account in a
contributions and other exempt function whichever is less foreign country; and
income are not includible in income; likewise, 5. Subtract line 4 from line 3 ● The combined value of the accounts was
campaign expenditures and other exempt 6. Enter line 5 or $9,925,000, more than $10,000 at any time during the
function expenditures are not deductible. whichever is less calendar year; and
Generally, to be deductible in computing ● The account was NOT with a U.S. military
7. Subtract line 6 from line 5
political organization taxable income, banking facility operated by a U.S. financial
expenses must be directly connected with the 8. Multiply line 2 by 15%
institution.
production of political organization taxable 9. Multiply line 4 by 25%
income. In those cases where expenses are 2. The organization owns more than 50%
10. Multiply line 6 by 34% of the stock in any corporation that would
attributable to the production of both exempt
function income and political organization 11. Multiply line 7 by 35% answer “Yes” to item 1 above.
taxable income, the expenses should be 12. If line 1 is greater than Get Form TD F 90-22.1, Report of Foreign
allocated on a reasonable and consistent $100,000, enter the smaller of: Bank and Financial Accounts, to see if the
basis; only the portion allocable to the 5% of taxable income in organization is considered to have an interest
production of political organization taxable excess of $100,000, or in or signature or other authority over a
income may be deducted. No deduction is $11,750 financial account in a foreign country.
allowed for general administrative or indirect 13. If line 1 is greater than $15 If “Yes” is checked for this question, file
expenses. million, enter the smaller of:
Form TD F 90-22.1 by June 30, 1994, with
3% of taxable income in
Line 7, Other income and nonexempt excess of $15 million or the Department of the Treasury at the
function expenditures.—Enter the total $100,000 address shown on the form. Form TD F
income from other sources, such as exempt 90-22.1 is not a tax return, so do not file it
14. Add lines 8 through 13. Enter
function income that was not properly with Form 1120-POL.
here and on line 20, Form
segregated for exempt functions and income 1120-POL You can get Form TD F 90-22.1 from an
received in the course of an ordinary trade or IRS Distribution Center or by calling our
business. Also include on this line the total Note: Estimated tax, alternative minimum tax, toll-free number 1-800-TAX-FORM
expenditures that were made from exempt and environmental tax do not apply to political (1-800-829-3676).
function income that were not for an exempt organizations.
function and resulted in a direct or indirect Also, if “Yes” is checked for this question,
Line 21, Credits.—The organization may write the name of the foreign country or
financial benefit to the political organization. qualify for the following credits:
Also include on line 7 those expenditures that countries. Attach a separate sheet if
were illegal. Attach a schedule listing all Foreign tax credit. See Form 1118, Foreign necessary.
income and expenditures included on line 7. Tax Credit—Corporations.
Question 3
See Regulations section 1.527-5 for examples Possessions tax credit. See Form 5712,
of these types of expenditures. Election To Be Treated as a Possessions In the space provided, show any tax-exempt
Lines 17(a) and 17(b), Taxable income Corporation Under Section 936, and Form interest received or accrued. Include any
before specific deduction of $100.— 5735, Possessions Corporation Tax Credit exempt-interest dividends received as a
Complete these lines only if your organization Allowed Under Section 936. shareholder in a mutual fund or other
is a section 501(c) organization that made Alcohol fuel credit. See Form 6478, Credit regulated investment company.
exempt function expenditures that were not for Alcohol Used as Fuel, and section 40.
from a separate segregated fund. For a Research credit. See Form 6765, Credit for
description of the amounts to be entered on Increasing Research Activities, and section 41.
these lines, see “Tax-Exempt Organization
Taxable Income” on page 2 for the definition
of taxable income of a section 501(c)
organization.
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