Instructions For Form 1120-Ic-Disc - 2003 (Page 14 of 16) in pdf

Schedule O

Question 7. Tax-exempt interest. Show

Schedule P

any tax-exempt interest received or accrued.

Include any exempt-interest dividends

Other Information

Intercompany Transfer Price or

received as a shareholder in a mutual fund

Commission

or other regulated investment company.

Question 6. Boycott of Israel. If question

6a, 6b, or 6c is checked “Yes,” the IC-DISC

Complete and attach a separate Schedule P

must file Form 5713 and is also deemed to

(Form 1120-IC-DISC) for each transaction

distribute part of its income. See Form 5713

or group of transactions to which you apply

for more information.

the intercompany pricing rules of section

994(a)(1) and (2).

Paperwork Reduction Act Notice. We ask for the information on this form to carry out the Internal Revenue laws of the United States. You

are required to give us the information. We need it to ensure that you are complying with these laws and to allow us to figure and collect the

right amount of tax.

You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form

displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long as their contents may

become material in the administration of any Internal Revenue law. Generally, tax returns and return information are confidential, as

required by section 6103.

The time needed to complete and file the following forms will vary depending on individual circumstances. The estimated average times

are:

Copying, assembling,

Learning about the law or

and sending the form to

Form

Recordkeeping

the form

Preparing the form

the IRS

1120-IC-DISC

94 hr., 56 min.

20 hr.

30 hr., 48min.

2 hr., 24 min.

Schedule K

4 hr., 4 min.

18 min.

22 min.

— — —

Schedule P

12 hr., 40 min.

1 hr., 29 min.

1 hr., 46 min.

— — —

If you have comments concerning the accuracy of these time estimates or suggestions for making these forms simpler, we would be

happy to hear from you. You can write to the Tax Products Coordinating Committee, Western Area Distribution Center, Rancho Cordova,

CA 95743-0001. Do not send these tax forms to this office. Instead, see Where To File on page 2.

-14-

Instructions for Form 1120-IC-DISC

Instructions For Form 1120-Ic-Disc - 2003 Page 14

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