What are the main sections of Form 8872?

Form 8872 is organized into several key sections: Line A requires the beginning and ending dates for the reporting period. Line B asks for the type of report, which can be initial, change of address, amended, or final. Schedule A lists each contributor from whom the organization accepted contributions during the calendar year, while Schedule B details the in-kind expenditures made by the organization.

How often must Form 8872 be filed?

Form 8872 must be filed either quarterly or monthly based on the organization's choice. Quarterly reports are due by the 15th day after the last day of each calendar quarter, except for the year-end report, which is due by January 31 of the following year. Monthly reports are due by the 20th day after the end of each month, with the December report also due on January 31 of the following year.

Do I need to file Form 8872 electronically?

Yes, electronic filing of Form 8872 is required if your organization has or anticipates contributions or expenditures exceeding $50,000. To file electronically, you will need a username and password, which can be acquired by completing the electronic filing of Form 8871 and submitting a signed Form 8453-X.

What information must be reported on Form 8872?

You must report all contributions accepted and expenditures made by the political organization during the reporting period. This includes both monetary contributions and in-kind contributions, along with a list of each contributor and the respective amounts received from them.

What happens if I fail to comply with the public inspection requirement?

Failure to comply with the public inspection requirement can result in a penalty of $20 per day for each day the failure continues. The maximum penalty for failures related to one report is $10,000.

Fill Form 8872 Political Organization Report 2024-2025

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What is Form 8872?

Form 8872, known as the Political Organization Report of Contributions and Expenditures, is a crucial document for political organizations. It requires these organizations to disclose their financial activities, including all contributions received and expenditures made. This form plays a vital role in promoting transparency and accountability in political finance, ensuring organizations maintain their tax-exempt status. By providing this information, political organizations help the public understand how funds are being used, fostering trust in the political process.

What is Form 8872 used for?

Form 8872 is essential for political organizations to report their financial activities. It serves several key purposes:

Reporting Contributions: Discloses contributions received by a tax-exempt section 527 political organization.
Reporting Expenditures: Reveals expenditures made by the organization.
Public Inspection: Makes reports available for public viewing.
Compliance with IRS Requirements: Ensures adherence to IRS regulations, including specific filing dates based on election schedules.

How to fill out Form 8872?

1
Fill out the organization's name and address at the top of Form 8872.
2
Select the reporting period and frequency (monthly or quarterly).
3
Enter the date and purpose of each expenditure on Schedule A.
4
Record contributions with their dates on Schedule B.
5
Download the completed form for your records.
6
Ensure the form is ready for public inspection as required.

Who is required to fill out Form 8872?

Tax-exempt section 527 political organizations are responsible for completing Form 8872, which reports contributions and expenditures. They must file unless exempt under specific conditions.

The IRS uses Form 8872 to monitor financial activities of these organizations, making it available for public inspection to promote transparency in campaign finance.

When is Form 8872 not required?

Form 8872 is not required for political organizations that do not need to file Form 8871. Organizations that face tax penalties for failing to file or amend Form 8871 also do not need to submit this form. Additionally, qualified state or local political organizations (QSLPOs) that report similar information under state law and make it publicly accessible are exempt from Form 8872.

When is Form 8872 due?

The deadline for Form 8872 is the 20th day after the end of each month, except for November and December in election years. In non-election years, semi-annual reports are due by January 31 and July 31. For election years, quarterly reports must be submitted by the 15th day after the last day of each quarter.

How to get a blank Form 8872?

To obtain a blank Form 8872, Political Organization Report of Contributions and Expenditures, simply visit our platform. The Internal Revenue Service (IRS) issues this form, and we have it pre-loaded in our editor for you to fill out. Remember, our website helps with filling and downloading but does not support filing forms.

How to sign Form 8872 online?

To sign Form 8872, you must provide an electronic or a handwritten signature. Ensure the form is signed by an authorized official from your organization. After filling out the form using PDF Guru, download it for printing and signing. Remember to check for the latest updates regarding submission requirements, as PDF Guru does not support form submission.

Where to file Form 8872?

To submit Form 8872, you must file it electronically. First, ensure you have a username and password received after filing Form 8871 and submitting Form 8453-X.

If you've lost your login credentials, you can request new ones by writing to the IRS. If filing by mail, send your completed form to the IRS Center in Ogden, UT.