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Department of the Treasury

Internal Revenue Service

Instructions for Form

1120-RIC

U.S. Income Tax Return for Regulated Investment Companies

Section references are to the Internal Revenue Code unless otherwise noted.

Contents

Page

photographs and calling 1-800-THE-LOST

How To Get Forms

(1-800-843-5678) if you recognize a child.

Photographs of Missing Children . . . . . . . 1

and Publications

Unresolved Tax Issues . . . . . . . . . . . . . 1

How To Get Forms and

Unresolved Tax Issues

Publications . . . . . . . . . . . . . . . . . . . 1

Internet

If the RIC has attempted to deal with an IRS

How To Access the Internal

You can access the IRS website 24 hours a

problem unsuccessfully, it should contact

Revenue Bulletin (I.R.B.) . . . . . . . . . . 1

day, 7 days a week, at to:

the Taxpayer Advocate. The Taxpayer

•

General Instructions . . . . . . . . . . . . . . 2

Download forms, instructions, and

Advocate independently represents the

Purpose of Form . . . . . . . . . . . . . . . . . . 2

publications;

RIC’s interest and concerns within the IRS

•

Who Must File . . . . . . . . . . . . . . . . . . . 2

Order IRS products online;

by protecting its rights and resolving

•

General Requirements to Qualify

Research your tax questions online;

problems that have not been fixed through

•

as a RIC . . . . . . . . . . . . . . . . . . . . . . 2

Search publications online by topic or

normal channels.

Other Requirements . . . . . . . . . . . . . . . 2

keyword; and

•

While Taxpayer Advocates cannot

Definition of a Fund . . . . . . . . . . . . . . . . 2

change the tax law or make a technical tax

When To File . . . . . . . . . . . . . . . . . . . . 2

news by email.

decision, they can clear up problems that

Where To File . . . . . . . . . . . . . . . . . . . . 2

CD-ROM for tax products. You can order

resulted from previous contacts and ensure

Who Must Sign . . . . . . . . . . . . . . . . . . . 3

Pub. 1796, IRS Tax Products CD, and

that the RIC’s case is given a complete and

Paid Preparer Authorization . . . . . . . . . . 3

obtain:

impartial review.

Other Forms That May Be

•

A CD that is released twice so you have

Required . . . . . . . . . . . . . . . . . . . . . 3

The RIC’s assigned personal advocate

the latest products. The first release ships in

Statements . . . . . . . . . . . . . . . . . . . . . 3

will listen to its point of view and will work

late December and the final release ships in

Assembling the Return . . . . . . . . . . . . . 4

with the RIC to address its concerns. The

late February;

•

Accounting Methods . . . . . . . . . . . . . . . 4

RIC can expect the advocate to provide:

Current-year forms, instructions, and

•

Accounting Periods . . . . . . . . . . . . . . . . 4

A “fresh look” at a new or on-going

publications;

•

Rounding Off to Whole Dollars . . . . . . . . 4

problem.

Prior-year forms and instructions and

•

Recordkeeping . . . . . . . . . . . . . . . . . . . 4

Timely acknowledgement.

publications;

•

Depository Methods of Tax

Tax Map: an electronic research tool and

The name and phone number of the

Payment . . . . . . . . . . . . . . . . . . . . . . 4

finding aid;

individual assigned to its case.

•

Tax law frequently asked questions

Estimated Tax Payments . . . . . . . . . . . . 5

Updates on progress.

•

(FAQs);

Interest and Penalties . . . . . . . . . . . . . . 5

Timeframes for action.

•

Tax Topics from the IRS telephone

Specific Instructions . . . . . . . . . . . . . . 5

Speedy resolution.

response system;

•

Period Covered . . . . . . . . . . . . . . . . . . 5

Courteous service.

•

Fill-in, print and save features for most tax

Name and Address . . . . . . . . . . . . . . . . 5

forms;

When contacting the Taxpayer Advocate,

Item B. Date RIC Was Established

. . . . 5

•

Internal Revenue Bulletins; and

the RIC should be prepared to provide the

Item C. Employer Identification

•

Toll-free and email technical support.

following information:

Number (EIN) . . . . . . . . . . . . . . . . . . 5

•

The RIC’s name, address, and employer

Item D. Total Assets . . . . . . . . . . . . . . . 5

Buy the CD-ROM from the National

identification number (EIN).

Item E. Final Return, Name

Technical Information Service (NTIS) at

•

The name and telephone number of an

Change, Address Change, or

/cdorders for $25 (no handling

authorized contact person and the hours he

Amended Return . . . . . . . . . . . . . . . . 5

fee) or call 1-877-CDFORMS

or she can be reached.

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

Part I — Investment Company

•

The type of tax return and year(s)

CD-ROM for $25 (plus a $5 handling fee).

Taxable Income . . . . . . . . . . . . . . . . 6-8

involved.

Schedule A . . . . . . . . . . . . . . . . . . . . . 8

•

A detailed description of the problem.

By phone and in person

Schedule B . . . . . . . . . . . . . . . . . . . . . 8

•

Previous attempts to solve the problem

Schedule J . . . . . . . . . . . . . . . . . . . . . . 9

You can order forms and publications by

and the office that was contacted.

Schedule K . . . . . . . . . . . . . . . . . . . . 11

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

•

A description of the hardship the RIC is

Schedule L . . . . . . . . . . . . . . . . . . . . . 12

You can also get most forms and

facing and supporting documentation (if

Schedule M-1 . . . . . . . . . . . . . . . . . . . 12

publications at your local IRS office.

applicable).

The RIC can contact a Taxpayer Advocate

Photographs of Missing

How To Access the

as follows.

•

Children

Call the Taxpayer Advocate’s toll-free

Internal Revenue Bulletin

number: 1-877-777-4778.

The Internal Revenue Service is a proud

•

(I.R.B.)

Call, write, or fax the Taxpayer Advocate

partner with the National Center for Missing

office in its area (see Pub. 1546 for

and Exploited Children. Photographs of

You can access the I.R.B. on the Internet at

addresses and phone numbers).

missing children selected by the Center may

(post-1995 Bulletins only).

•

TTY/TDD help is available by calling

appear in instructions on pages that would

Under Tax Professionals Topics, select

1-800-829-4059.

otherwise be blank. You can help bring

Resources for Tax Professionals to locate

•

these children home by looking at the

Visit the website at /advocate.

the Internal Revenue Bulletins.

Cat. No. 64251J

Instructions For Form 1120-Ric - U.s. Income Tax Return For Regulated Investment Companies - 2005

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