How to Set Up Your Bank Account
- Your bank may ask you for a copy of your completed Statement of Organization (CPF 101).
-
Candidates should contact their banks in advance for further information about the bank's requirements to open a
campaign account. Unlike the Depository system, the campaign finance law does not have any special requirements about the type of account you open and your
bank will not have any campaign finance reporting requirements.
-
Many banks require committees to obtain an
Employer Identification Number
(EIN) to open a campaign account. The IRS allows you to apply for an
EIN online.
(click here for OCPF's instructions on how to obtain an EIN)
-
Candidates and committees should also consult the Massachusetts Department of Revenue
for information on any state tax requirements that may be applicable.
Additional Help & Information
-
OCPF Memorandum M-24-01: Information on
obtaining a Federal ID number and filing tax returns for political committees.
