Instructions For Form 1120-Ic-Disc - 2003
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Department of the Treasury
Internal Revenue Service
Instructions for
Form 1120-IC-DISC
Interest Charge Domestic International
Sales Corporation Return
Section references are to the Internal Revenue Code unless otherwise noted.
•
Contents
Page
A description of the hardship the
corporation is facing (if applicable).
Photographs of Missing Children . . . . . . . 1
Photographs of
Unresolved Tax Issues . . . . . . . . . . . . . 1
The corporation may contact a Taxpayer
Missing Children
Advocate by calling 1-877-777-4778 (toll
How To Make a Contribution To
The Internal Revenue Service is a proud
free). Persons who have access to TTY/
Reduce the Public Debt . . . . . . . . . . . 1
partner with the National Center for Missing
TDD equipment may call 1-800-829-4059
How To Get Forms and
and Exploited Children. Photographs of
and ask for Taxpayer Advocate assistance.
Publications . . . . . . . . . . . . . . . . . . . 1
missing children selected by the Center may
If the corporation prefers, it may call, write,
appear in instructions on pages that would
or fax the Taxpayer Advocate office in its
General Instructions . . . . . . . . . . . . . . 2
otherwise be blank. You can help bring
area. See Pub. 1546, The Taxpayer
Purpose of Form . . . . . . . . . . . . . . . . . . 2
these children home by looking at the
Advocate Service of the IRS, for a list of
Who Must File . . . . . . . . . . . . . . . . . . . 2
photographs and calling 1-800-THE-LOST
addresses and fax numbers.
(1-800-843-5678) if you recognize a child.
When To File . . . . . . . . . . . . . . . . . . . . 2
How To Make a
Where To File . . . . . . . . . . . . . . . . . . . . 2
Unresolved Tax Issues
Contribution To Reduce
Who Must Sign . . . . . . . . . . . . . . . . . . . 3
If the corporation has attempted to deal with
Other Forms, Schedules, and
the Public Debt
an IRS problem unsuccessfully, it should
Statements That May Be
contact the Taxpayer Advocate. The
To help reduce the public debt, make a
Required . . . . . . . . . . . . . . . . . . . . . 3
Taxpayer Advocate independently
check payable to “Bureau of the Public
represents the corporation’s interests and
Assembling the Return . . . . . . . . . . . . . 4
Debt.” Send it to Bureau of Public Debt,
concerns within the IRS by protecting its
Department G, P.O. Box 2188, Parkersburg,
Accounting Methods . . . . . . . . . . . . . . . 4
rights and resolving problems that have not
WV 26106-2188. Or, enclose a check with
Accounting Periods . . . . . . . . . . . . . . . . 4
been fixed through normal channels.
Form 1120-IC-DISC. Contributions to
Rounding Off to Whole Dollars . . . . . . . . 4
reduce the public debt are deductible
While Taxpayer Advocates cannot
subject to the rules and limitations for
Recordkeeping . . . . . . . . . . . . . . . . . . . 4
change the tax law or make a technical tax
charitable contributions.
decision, they can clear up problems that
Definitions . . . . . . . . . . . . . . . . . . . . . . 5
resulted from previous contacts and ensure
Penalties . . . . . . . . . . . . . . . . . . . . . . . 6
How To Get Forms and
that the corporation’s case is given a
complete and impartial review.
Specific Instructions . . . . . . . . . . . . . . 6
Publications
Taxable Income . . . . . . . . . . . . . . . . . . 6
The corporation’s assigned personal
Personal computer. You can access the
advocate will listen to its point of view and
Schedule A — Cost of Goods Sold . . . . . . 7
IRS website 24 hours a day, 7 days a week,
will work with the corporation to address its
Schedule B — Gross Income . . . . . . . . . . 7
at to:
concerns. The corporation can expect the
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Order IRS products online.
Schedule C — Dividends and
advocate to provide:
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•
Download forms, instructions, and
Dividends-Received Deduction . . . . . . 8
A “fresh look” at a new or on-going
publications.
problem.
•
Schedule E — Deductions . . . . . . . . . . . . 9
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See answers to frequently asked tax
Timely acknowledgment.
•
Schedule J — Deemed and Actual
questions.
The name and phone number of the
•
Distributions and Deferred DISC
Search publications online by topic or
individual assigned to its case.
•
keyword.
Income for the Tax Year . . . . . . . . . . 11
Updates on progress.
•
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Send us comments or request help by
Timeframes for action.
Schedule K — Shareholder’s
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email.
Speedy resolution.
Statement of IC-DISC
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Sign up to receive local and national tax
Courteous service.
Distributions . . . . . . . . . . . . . . . . . . 13
news by email.
Schedule L — Balance Sheets per
When contacting the Taxpayer Advocate,
You can also reach us using file transfer
Books . . . . . . . . . . . . . . . . . . . . . . . 13
the corporation should be prepared to
protocol at ftp.irs.gov.
provide the following information:
Schedule N — Export Gross
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The corporation’s name, address, and
CD-ROM. Order Pub. 1796, Federal Tax
Receipts of the IC-DISC and
employer identification number (EIN).
Products on CD-ROM, and get:
Related U.S. Persons . . . . . . . . . . . . 13
•
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The name and telephone number of an
Current year forms, instructions, and
Schedule O — Other Information . . . . . . 14
authorized contact person and the hours he
publications.
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or she can be reached.
Prior year forms, instructions, and
Schedule P — Intercompany
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The type of tax return and year(s)
publications.
Transfer Price or Commission . . . . . . 14
•
involved.
Frequently requested tax forms that may
Codes for Principal Business
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A detailed description of the problem.
be filled in electronically, printed out for
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Activity . . . . . . . . . . . . . . . . . . . . . . 15
Previous attempts to solve the problem
submission, and saved for recordkeeping.
•
Schedule N Product Code System
. . . 16
and the office that was contacted.
The Internal Revenue Bulletin.
Cat. No. 11476W
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