Does a political organization have to answer all of the questions in Part V of Form 990?
The organization must answer yes or no, to each of the questions in Part V. But it need not attach schedules or statements specifically required for other types of exempt organizations (for example, section 501(c)(3) organizations). Thus, for example, a political organization will answer No to question 73, lines e and f, because that question addresses personal benefit contracts, which section 527 organizations generally do not provide. Because it answers no, the organization need not file the forms referred to in the instructions to Part V for organizations answering yes.
