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Regulated investment companies (RIC) file this form to report their. income, gains, losses, deductions, credits, and. to figure their income tax liability.
How do I file Form 1120? Form 1120 can be filed online or by mail. You can file this form electronically using IRS Free File or a tax software if you feel comfortable filling out and filing this form yourself. Otherwise you can hire a professional tax preparer.
A US investment company that meets certain tax requirements regarding its assets, income and distributions, and has made an election to be taxed as a RIC. Mutual funds and closed-end investment companies typically are taxed as RICs.
An RIC must derive a minimum of 90% of its income from capital gains, interest, or dividends earned on investments. To qualify, at least 50% of a company's total assets must be in the form of cash, cash equivalents, or securities.
Use Form 1120-RIC, U.S. Income Tax Return for Regulated Investment Companies, to report the income, gains, losses, deductions, credits, and to figure the income tax liability of a regulated investment company (RIC) as defined in section 851.
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Unlike a C-corporation, a RIC can deduct dividends distributed to its shareholders. A RIC is therefore generally not subject to an entity level tax on net investment income and net capital gain if it distributes these amounts to its shareholders within certain time limits.
Alaska, Arizona, California, Colorado, Hawaii, Idaho, New Mexico, Nevada, Oregon, Utah, Washington, Wyoming: Internal Revenue Service, P.O. Box 7704, San Francisco, CA 94120-7704.
Mailing Addresses for Forms 1120-RIC And the total assets at the end of the tax year are \u2026Use the following IRS center address ...Any amountDepartment of the Treasury Internal Revenue Service Ogden, UT 84201-00122 more rows
A regulated investment company (RIC) is a domestic corporation that acts as an investment agent for its shareholders, typically investing in corporate and government securities and distributing income earned from the investments as dividends (for example, a mutual fund or exchange-traded fund).
Mailing Addresses for Forms 1120-RIC And the total assets at the end of the tax year are \u2026Use the following IRS center address ...Any amountDepartment of the Treasury Internal Revenue Service Ogden, UT 84201-00122 more rows

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