Instructions For Form 1120-Pc - 2005

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Department of the Treasury
Internal Revenue Service
Instructions for
Form 1120-PC
U.S. Property and Casualty Insurance Company
Section references are to the Internal Revenue Code unless otherwise noted.
Domestic Production Activities Deduction.
ensure that the corporation’s case is
Contents
Page
Report the deduction on line 31, page 2,
given a complete and impartial review.
Photographs of Missing Children . . . . 1
Form 1120-PC.
Unresolved Tax Issues . . . . . . . . . . . . 1
The corporation’s assigned personal
The Gulf Opportunity Zone Act of 2005
How To Get Forms and
advocate will listen to its point of view and
provides certain tax relief benefits for
Publications . . . . . . . . . . . . . . . . . . 1
will work with the corporation to address
corporations. For details, see Pub. 4492,
IRS E-Services . . . . . . . . . . . . . . . . . 2
its concerns. The corporation can expect
Information for Taxpayers Affected by
the advocate to provide:
General Instructions . . . . . . . . . . . . . 2
Hurricanes Katrina, Rita, and Wilma.
A “fresh look” at a new or ongoing
Purpose of Form . . . . . . . . . . . . . . . . 2
A corporation can elect to deduct
problem,
Who Must File . . . . . . . . . . . . . . . . . . 2
qualified cash contributions made after
Timely acknowledgment,
When To File . . . . . . . . . . . . . . . . . . . 2
August 27, 2005, and before January 1,
The name and phone number of the
Where To File . . . . . . . . . . . . . . . . . . 2
2006, for relief efforts related to Hurricane
individual assigned to its case,
Who Must Sign . . . . . . . . . . . . . . . . . 2
Katrina, Rita, or Wilma, without regard to
Updates on progress,
Paid Preparer Authorization . . . . . . . . 3
the 10% taxable income limit. See page
Timeframes for action,
Consolidated Return . . . . . . . . . . . . . . 3
12.
Speedy resolution, and
Statements . . . . . . . . . . . . . . . . . . . . 3
A corporation with a food inventory
Courteous service.
Assembling the Return . . . . . . . . . . . . 3
from a trade or business may deduct
When contacting the Taxpayer
Depository Methods of Tax
charitable contributions of “apparently
Advocate, the corporation should be
Payment . . . . . . . . . . . . . . . . . . . . 3
wholesome food” that were made after
prepared to provide the following
Estimated Tax Payments . . . . . . . . . . 4
August 27, 2005, and before January 1,
information.
Interest and Penalties . . . . . . . . . . . . . 4
2006. See section 170(e)(3)(C).
The corporation’s name, address, and
Accounting Methods . . . . . . . . . . . . . . 4
A corporation is allowed a deduction for
employer identification number.
Accounting Period . . . . . . . . . . . . . . . 4
qualified book contributions made after
The name and telephone number of an
August 27, 2005, and before January 1,
Rounding Off to Whole Dollars . . . . . . 5
authorized contact person and the hours
2006, to certain public schools. See
Recordkeeping . . . . . . . . . . . . . . . . . . 5
he or she can be reached.
section 170(e)(3)(D).
Other Forms and Statements
The type of tax return and year(s)
involved.
That May Be Required . . . . . . . . . . 5
A detailed description of the problem.
Photographs of Missing
Specific Instructions . . . . . . . . . . . . 5
Previous attempts to solve the problem
Period Covered . . . . . . . . . . . . . . . . . 5
Children
and the office that was contacted.
Name and Address . . . . . . . . . . . . . . 5
A description of the hardship the
The Internal Revenue Service is a proud
Item A . . . . . . . . . . . . . . . . . . . . . . . . 5
corporation is facing and supporting
partner with the National Center for
Item B . . . . . . . . . . . . . . . . . . . . . . . . 6
documentation (if applicable).
Missing and Exploited Children.
Item E . . . . . . . . . . . . . . . . . . . . . . . . 6
Photographs of missing children selected
The corporation can contact a
Taxable Income . . . . . . . . . . . . . . . . . 6
by the Center may appear in instructions
Taxpayer Advocate as follows.
Tax Computation and Payments
. . . . 6
on pages that would otherwise be blank.
Call the Taxpayer Advocate’s toll-free
Schedule A . . . . . . . . . . . . . . . . . . . . 9
You can help bring these children home
number: 1-877-777-4778.
Schedule B, Part I . . . . . . . . . . . . . . 14
by looking at the photographs and calling
Call, write, or fax the Taxpayer
Schedule B, Part II . . . . . . . . . . . . . . 15
1-800-THE-LOST (1-800-843-5678) if you
Advocate office in its area (see Pub. 1546
Schedule C . . . . . . . . . . . . . . . . . . . 15
recognize a child.
for addresses and phone numbers).
Schedule E . . . . . . . . . . . . . . . . . . . 17
TTY/TDD help is available by calling
Schedule F . . . . . . . . . . . . . . . . . . . 17
1-800-829-4059.
Unresolved Tax Issues
Schedule G . . . . . . . . . . . . . . . . . . . 18
Visit the website at
If the corporation has attempted to deal
Schedule H . . . . . . . . . . . . . . . . . . . 18
advocate.
with an IRS problem unsuccessfully, it
Schedule I . . . . . . . . . . . . . . . . . . . . 19
should contact the Taxpayer Advocate.
How To Get Forms and
Schedule L . . . . . . . . . . . . . . . . . . . 19
The Taxpayer Advocate independently
Schedule M-1 . . . . . . . . . . . . . . . . . 20
Publications
represents the corporation’s interests and
Index . . . . . . . . . . . . . . . . . . . . . . . . 21
concerns within the IRS by protecting its
Internet. You can access the IRS
rights and resolving problems that have
What’s New
website 24 hours a day, 7 days a week, at
not been fixed through normal channels.
to:
The corporation may be able to deduct
While Taxpayer Advocates cannot
Download forms, instructions, and
a portion of the income from certain
change the tax law or make a technical
publications;
qualified domestic production activities.
tax decision, they can clear up problems
Order IRS products online;
See section 199 and Form 8903,
that resulted from previous contacts and
Research your tax questions online;
Cat. No. 64537I

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