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Form 1120 pol is an annual information return typically filed by political in certain tax-exempt organizations electronically to e-file form 1120 pol click 990 series and choose form 1120 pol under start new forms in the dashboard of your account your initial step is to select your organisation from the address book or add new organisation details verify and edit the details of the organisation if necessary then click Next to proceed next choose the tax year based on the organisation's accounting period then specify if the business had any taxable income for 2017 the 1120 pol form is filed only if the political orgasm organization has any political income next specify whether the organisation is a 527 organization 501 C organization or other type of organisation and provide the date when the organization was formed review the summary of your organisation details displayed below make sure the details are accurate before moving forward in the e-filing process the below diagram is an overview of our filing process you will be guided through various questions where you can input your tax data to get started click begin select the section you want to complete of the 1120 pol in the income section you must provide the revenues earned by the organisation for the current tax year click the options start to fill each revenue category specify the details of each section before starting the remaining ones tax pandas will walk you through each section of the e-filing process simplifying each category into a series of basic questions during the e-filing process txt bandits will provide a tax summary where you can then input your payment option for the estimated tax and payments through electronic funds withdraw or EFTPS please note form 88 68 is an application for filing an extension of time not of payment after completing each section of the e-filing process txt bandits will provide a summary of your 1120 pol and a review audit report to see if any information has been missed or incorrect if all checks out proceed to review the service charge for each filing your form 1120 pol return with the IRS and apply your credit card details to process your payment before transmitting to the IRS if you would like to share and review the return with this officers and members for transmitting to the IRS she had the return with text Banda's managed reviewers and approvers option manage reviewers and approvers in issue invite users to review organizations returned before it gets transmitted to the IRS users can add their comments and electronically approve the return just click Edit user and add their contact details this video was brought to you by text bandits helping take back your time with the fish and eat filing for small businesses and nonprofits