How get tax exemption for 527 committees?

Answer 1

The below information is available by going to the IRS gov website and use the search box for FAQs about the Annual Form Filing Requirements for Section 527 Organizations

Unless excepted, political organizations described in section 527 of the Internal Revenue Code are required to file some or all of four forms: Initial Notice - Form 8871

• An initial notice of status on Form 8871, Political Organization Notice of Section 527 Status;
• Periodic reports of contributions and expenditures on Form 8872 , Report of Contributions and Expenditures;
• Annual income tax returns on Form 1120-POL , U.S. Income Tax Return for Certain Political Organizations; and
• Annual information returns on Form 990 , Return of Organization Exempt from Income Tax, or Form 990-EZ , Short Form Return of Organization Exempt from Income Tax.

The purpose of this page is to set forth (in question and answer format) issues arising from the filing of the annual returns by political organizations. The following questions do not address the filing of these returns by other exempt organizations.

Unless excepted, political organizations described in section 527 of the Internal Revenue Code are required to file some or all of four forms:

To be exempt, a political organization must give notice electronically to the Service that it is a political organization described in Internal Revenue Code section 527, unless an exception applies. An organization must file an amended notice within 30 days after the occurrence of a material change in the information reported, and a final notice upon termination of the organization.