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Definition of a corporation that can apply for recognition of exemption from federal income taxation under IRC section 501(a).

Links to materials relating to the "corporation sole" abusive tax avoidance transaction.

A description of how S corporations involve charities in abusive tax avoidance transactions.

Form 1120-POL – Final Return (527 organizations).

Nonprofit status may make an organization eligible for certain benefits, such as state sales, property, and income tax exemptions; however, this corporate status does not automatically grant exemption from federal income tax. To be tax exempt, most organizations must apply for recognition of exemption from the Internal Revenue Service to obtain a ruling or determination letter recognizing tax exemption.

Overview of information reported on Form 1120-POL.

Political Organization Filing Requirements: Deductions Allowed on Form 1120-POL

Definition of Corporation - Section 527 Political Organizations

Information about Form 2220, Underpayment of Estimated Tax By Corporations, including recent updates, related forms, and instructions on how to file. Form 2220 is used by corporations, certain tax-exempt organizations, and private foundations to determine whether they are subject to the penalty for underpayment of estimated tax, and if so, the amount of the penalty.

Suggested language for organizing documents for corporations and associations seeking recognition of exemption from federal income taxation under IRC section 501(c)(3).