Instructions For Form 1120-Pc - 2008 (Page 2 of 20) in pdf

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Internal Revenue Bulletins.

Exempt under section 501(c)(15)

The private delivery service can tell

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Toll-free and email technical support.

should file Form 990, Return of

you how to get written proof of the mailing

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Two releases during the year.

Organization Exempt from Income Tax.

date.

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– The first release will ship early in

Subject to taxation under section 831,

Private delivery services cannot

January 2009.

and disposes of its insurance business

deliver items to P.O. boxes. You

– The final release will ship early in

and reserves, or otherwise ceases to be

must use the U.S. Postal Service

March 2009.

CAUTION

taxed under section 831, but continues its

to mail any item to an IRS P.O. box

corporate existence while winding up and

Purchase the DVD from the National

address.

liquidating its affairs, should file Form

Technical Information Service (NTIS) at

1120, U.S. Corporation Income Tax

Extension of Time To File

for $30 (no

Return.

handling fee) or call 1-877- CDFORMS

File Form 7004 to request a 6-month

(1-877-233-6767) toll free to buy the DVD

Life insurance companies. Life

extension of time to file. Generally, the

for $30 (plus a $6 handling fee).

insurance companies should file Form

corporation must file Form 7004 by the

1120-L, U.S. Life Insurance Company

regular due date of the return.

By phone and in person. You can

Income Tax Return.

order forms and publications by calling

Who Must Sign

1-800-TAX-FORM (1-800-829-3676). You

can also get most forms and publications

When To File

The return must be signed and dated by:

at your local IRS office.

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The president, vice-president,

Generally, a corporation must file its

treasurer, assistant treasurer, chief

income tax return by the 15th day of the

IRS E-Services Make

accounting officer; or

3rd month after the end of its tax year. A

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Any other corporate officer (such as tax

Taxes Easier

new corporation filing a short-period

officer) authorized to sign.

return must generally file by the 15th day

Now more than ever before, businesses

of the 3rd month after the short period

If a return is filed on behalf of a

can enjoy the benefits of filing and paying

ends. A corporation that has dissolved

corporation by a receiver, trustee, or

their federal taxes electronically. Whether

must generally file by the 15th day of the

assignee, the fiduciary must sign the

you rely on a tax professional or handle

3rd month after the date it dissolved.

return, instead of the corporate officer.

your own taxes, the IRS offers you

Returns and forms signed by a receiver or

convenient programs to make taxes

If the due date falls on a Saturday,

trustee in bankruptcy on behalf of a

easier.

Sunday, or legal holiday, the corporation

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corporation must be accompanied by a

You can e-file your Form 7004,

can file on the next business day.

copy of the order or instructions of the

Application for Automatic Extension of

court authorizing signing of the return or

Time To File Certain Business Income

Private Delivery Services

form.

Tax, Information, and Other Returns,

Corporations can use certain private

Form 940, Employer’s Annual Federal

If an employee of the corporation

delivery services designated by the IRS to

Unemployment (FUTA) Tax Return, 941,

completes Form 1120-PC, the paid

meet the “timely mailing as timely filing/

Employer’s Quarterly Federal Tax Return,

preparer’s space should remain blank.

paying” rule for tax returns and payments.

Form 1099-MISC, Miscellaneous Income,

Anyone who prepares Form 1120-PC but

These private delivery services include

and other information returns. Visit www.

does not charge the corporation should

only the following.

irs.gov/efile for details.

not complete that section. Generally,

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You can pay taxes online or by phone

DHL Express (DHL): DHL Same Day

anyone who is paid to prepare the return

using the free Electronic Federal Tax

Service, DHL Next Day 10:30 am, DHL

must sign it and fill in the “Paid Preparer’s

Payment System (EFTPS). Visit www.

Next Day 12:00 pm, DHL Next Day 3:00

Use Only” area.

eftps.gov or call 1-800-555-4477 for

pm, and DHL 2nd Day Service.

The paid preparer must complete the

details.

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Federal Express (FedEx): FedEx

required preparer information and:

Priority Overnight, FedEx Standard

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Use these electronic options to make

Sign the return in the space provided

Overnight, FedEx 2Day, FedEx

filing and paying taxes easier.

for the preparer’s signature.

International Priority, and FedEx

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Give a copy of the return to the

International First.

taxpayer.

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General Instructions

United Parcel Service (UPS): UPS Next

Day Air, UPS Next Day Air Saver, UPS

Note. A paid preparer may sign original

2nd Day Air, UPS 2nd Day Air A.M., UPS

or amended returns by rubber stamp,

Purpose of Form

Worldwide Express Plus, and UPS

mechanical device, or computer software

Use Form 1120-PC, U.S. Property and

Worldwide Express.

program.

Casualty Insurance Company Income Tax

Return, to report the income, gains,

losses, deductions, credits, and to figure

Where To File

the income tax liability of insurance

companies, other than life insurance

companies.

File the corporation’s return at the applicable IRS address listed below.

Who Must File

Every domestic nonlife insurance

If the corporation’s principal business, office, or

company and every foreign corporation

agency is located in:

Use the following addresses:

that would qualify as a nonlife insurance

company subject to taxation under

section 831, if it were a U.S. corporation,

Department of the Treasury

must file Form 1120-PC. This includes

Internal Revenue Service Center

The United States

organizations described in section

Ogden, UT 84201-0012

501(m)(1) that provide commercial-type

insurance and organizations described in

Internal Revenue Service Center

section 833.

A foreign country or U.S. possession

P.O. Box 409101

Ogden, UT 84409

Exceptions. A nonlife insurance

company that is:

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Instructions for Form 1120-PC

Instructions For Form 1120-Pc - 2008 Page 2

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