Form U.S. Income Tax Return for Regulated Investment Companies 1120-RIC Department of the Treasury Internal Revenue Service A Year of RIC status election B Date fund was established see instructions For calendar year 2024 or tax year beginning OMB No. 1545-0123 2024 and ending Go to www.irs.gov/Form1120RIC for instructions and the latest information. Please type or print Name of fund C Employer identification number Number street and room or suite no. If a P. O. box see instructions. D Total...assets see instructions City or town state and ZIP code E Check applicable boxes F Check if the fund is a personal holding company attach Sch* PH or if the fund is not in compliance with Regs. sec* 1. 852-6 for this tax year. Final return Name change Address change Amended return Deductions see instructions Income Part I Investment Company Taxable Income see instructions Dividends. Interest. Net foreign currency gain or loss from section 988 transactions attach statement. Payments with respect...to securities loans. Excess of net short-term capital gain over net long-term capital loss from Schedule D Form 1120 line 16 attach Schedule D Form 1120. Net gain or loss from Form 4797 Part II line 17 attach Form 4797. Other income see instructions attach statement. Total income. Add lines 1 through 7. Compensation of officers see instructions attach Form 1125-E. Salaries and wages less employment credits. Rents. Taxes and licenses. Interest see instructions. Depreciation attach Form 4562....Advertising. Registration fees. Insurance. Accounting and legal services. Management and investment advisory fees. Transfer agency shareholder servicing and custodian fees and expenses. Reports to shareholders. Other deductions see instructions attach statement. Total deductions. Add lines 9 through 22. Taxable income before dividends paid and section 851 deductions. Subtract line 23 from line 8. Less a Deduction for dividends paid Schedule A line 8a. 25a b Deductions for tax imposed under...sections 851 d 2 and 851 i Schedule J lines 1c and 1d. 25b. Investment company taxable income. Subtract line 25c from line 24. 25c Sign Here Under penalties of perjury I declare that I have examined this return including accompanying schedules and statements and to the best of my knowledge and belief it is true correct and complete. Declaration of preparer other than taxpayer is based on all information of which preparer has any knowledge. Signature of officer Print/Type preparer s name Paid...Preparer Firm s name Use Only Firm s address Date Preparer s signature For Paperwork Reduction Act Notice see separate instructions. May the IRS discuss this return with the preparer shown below Yes No Title Check if self-employed PTIN Firm s EIN Phone no. Cat* No* 64140B Form 1120-RIC 2024 Page 2 Part I Tax and Payments see instructions Tax and Payments 28a b c d e f g z Total tax. Schedule J line 9 Preceding year s overpayment credited to the current year. Current year s estimated tax payments...28b 28c Tax deposited with Form 7004.
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Instructions and Help about IRS 1120-RIC
How to edit IRS 1120-RIC
How to fill out IRS 1120-RIC
Instructions and Help about IRS 1120-RIC
How to edit IRS 1120-RIC
To edit IRS Form 1120-RIC, download the form from the IRS website. Use PDF editing software, such as pdfFiller, to modify the fields as needed. Ensure to save changes before printing or submitting the form.
How to fill out IRS 1120-RIC
Filling out IRS Form 1120-RIC requires accurate information about the regulated investment company's income, expenses, and distributions. Follow these steps for proper completion:
01
Gather necessary financial records, including income statements and expense reports.
02
Complete the identification section, including the company name, address, and Employer Identification Number (EIN).
03
Report total income, deductions, and any applicable tax credits on the form.
Double-check the calculations and ensure all required sections are filled to avoid delays or penalties.
Latest updates to IRS 1120-RIC
Latest updates to IRS 1120-RIC
Review the IRS website or recent publications for any updates regarding Form 1120-RIC. Changes to tax law or form requirements can impact how you complete the form each year.
All You Need to Know About IRS 1120-RIC
What is IRS 1120-RIC?
What is the purpose of this form?
Who needs the form?
When am I exempt from filling out this form?
Components of the form
What are the penalties for not issuing the form?
What information do you need when you file the form?
Is the form accompanied by other forms?
Where do I send the form?
All You Need to Know About IRS 1120-RIC
What is IRS 1120-RIC?
IRS Form 1120-RIC is the U.S. Corporation Income Tax Return for regulated investment companies. This form is used to report the income, gains, losses, deductions, and credits of regulated investment companies, which primarily include mutual funds.
What is the purpose of this form?
The purpose of IRS Form 1120-RIC is to determine the taxable income of a regulated investment company. This form must be filed annually to report the company's financial performance and to figure the tax liability for the year.
Who needs the form?
Form 1120-RIC is required for all regulated investment companies in the United States. Any entity that meets the IRS criteria for a regulated investment company must file this form to comply with federal tax regulations.
When am I exempt from filling out this form?
There are no blanket exemptions from filing IRS Form 1120-RIC; however, certain small qualifying companies may qualify for simplified reporting. If your company does not fall within the IRS's definition of a regulated investment company, then you are exempt from filing this form.
Components of the form
IRS Form 1120-RIC consists of several components, including the identification section, tax calculation, dividend and distribution details, and any applicable schedules. Be sure to include all supporting documentation as required by the form.
What are the penalties for not issuing the form?
Failing to file IRS Form 1120-RIC by the due date can result in penalties, including a late filing fee and interest on any unpaid taxes. It is crucial to file the form on time to avoid financial repercussions.
What information do you need when you file the form?
Gather the following information before filing IRS Form 1120-RIC:
01
Company identification details, such as name, address, and EIN.
02
Financial statements reflecting income, gains, losses, and expenses.
03
Details on distributions made to shareholders during the tax year.
This information helps accurately complete the form and report financial activities.
Is the form accompanied by other forms?
IRS Form 1120-RIC may need to be filed alongside supporting forms, such as Schedule D for capital gains and losses and Form 8990 if applicable. Be sure to check the latest IRS guidelines for updates on required attachments.
Where do I send the form?
Send IRS Form 1120-RIC to the address specified in the form instructions. This may vary based on whether the company is making a payment or not, so carefully review the instruction booklet provided by the IRS.
FAQ about IRS 1120-RIC
What should I do if I discover an error after submitting IRS 1120-RIC?
If you realize there are mistakes in your submitted IRS 1120-RIC, you should file an amended return using the correct form and clearly indicate it as an amendment. Retain documentation of any changes made, as this can be crucial for any future audits or inquiries.
How can I track the status of my IRS 1120-RIC submission?
To track the status of your IRS 1120-RIC, you can use the IRS online tracking tools or contact their phone support. Keep your submission confirmation handy to expedite the process. If you filed electronically, checking your e-filing software's tracking feature can also provide updates.
Are e-signatures acceptable on the IRS 1120-RIC?
Yes, e-signatures are accepted for the IRS 1120-RIC when filed electronically. Ensure that your e-signature complies with IRS requirements, which typically involves using certain software that meets their standards for electronic submissions.
How can I ensure data security when filing IRS 1120-RIC online?
To enhance data security when filing your IRS 1120-RIC online, use IRS-approved e-filing software, enable two-factor authentication, and ensure your internet connection is secure. Regularly update your software to protect against vulnerabilities and be cautious about sharing sensitive information.
What should I do if I receive an IRS notice after filing IRS 1120-RIC?
If you receive an IRS notice after submitting your IRS 1120-RIC, carefully read the notice to understand the issue. Respond promptly, providing any requested documentation or clarity. It's wise to retain copies of your responses and any correspondence for your records.
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