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austinphish
05-24-2007, 04:43 PM
I wanted to start a thread for treasures about filing and legal requirements. I am a CPA, but this sort of stuff isn't taught, it is just learned from experience, which I have little of.

What I have gathered is that each PAC must fill out this form with the FEC:
Statement of Organization, FEC Form 1 [PDF].
http://www.fec.gov/pdf/forms/fecfrm1.pdf
Every quarter you must file Form 3X to the FEC. This requires downloading the FEC's "FECFILE" software.

If you are going to be raising more than $25,000 in a year you must also file IRS forms 8871 & 8872.

By 3 months and 15 days after year end you must file your 1120 POL and if you raised more than $25,000 also a 990.

If you have questions about 527s I can share a little info on that as well.