Instructions For Form 1120-Ric - U.s. Income Tax Return For Regulated Investment Companies - 2006

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2006
Department of the Treasury
Internal Revenue Service
Instructions for Form
1120-RIC
U.S. Income Tax Return for Regulated Investment Companies
See the instructions for line 28h on
When contacting the Taxpayer
Section references are to the Internal
Revenue Code unless otherwise noted.
page 9.
Advocate, the RIC should provide the
Controlled groups must complete
following information:
Contents
Page
new Schedule O (Form 1120), Consent
The RIC’s name, address, and
Unresolved Tax Issues . . . . . . . . . . .1
Plan and Apportionment Schedule for a
employer identification number (EIN).
How To Get Forms and
Controlled Group, before completing
The name and telephone number of
Publications . . . . . . . . . . . . . . . . . .1
Schedule J. See the Instructions for
an authorized contact person and the
How To Access the Internal
Schedule O.
hours he or she can be reached.
Revenue Bulletin (I.R.B.) . . . . . . . .2
The type of tax return and year(s)
General Instructions . . . . . . . . . . . .2
involved.
Photographs of Missing
Purpose of Form . . . . . . . . . . . . . . . .2
A detailed description of the problem.
Who Must File . . . . . . . . . . . . . . . . . .2
Children
Previous attempts to solve the
General Requirements to
problem and the office that was
The Internal Revenue Service is a
Qualify as a RIC . . . . . . . . . . . . . . .2
contacted.
proud partner with the National Center
Other Requirements . . . . . . . . . . . . .2
A description of the hardship the RIC
for Missing and Exploited Children.
Definition of a Fund . . . . . . . . . . . . . .2
is facing and supporting documentation
Photographs of missing children
(if applicable).
When To File . . . . . . . . . . . . . . . . . .2
selected by the Center may appear in
Where To File . . . . . . . . . . . . . . . . . .3
instructions on pages that would
The RIC can contact a Taxpayer
otherwise be blank. You can help bring
Who Must Sign . . . . . . . . . . . . . . . . .3
Advocate as follows.
these children home by looking at the
Paid Preparer Authorization . . . . . . . .3
Call the Taxpayer Advocate’s toll-free
photographs and calling
Other Forms That May Be
number: 1-877-777-4778.
1-800-THE-LOST (1-800-843-5678) if
Required . . . . . . . . . . . . . . . . . . . .3
Call, write, or fax the Taxpayer
you recognize a child.
Statements . . . . . . . . . . . . . . . . . . . .4
Advocate office in its area (see Pub.
Assembling the Return . . . . . . . . . . .4
1546 for addresses and phone
Unresolved Tax Issues
Accounting Methods . . . . . . . . . . . . .5
numbers).
TTY/TDD help is available by calling
Accounting Periods . . . . . . . . . . . . . .5
If the RIC has been unsuccessful in its
1-800-829-4059.
Rounding Off to Whole Dollars . . . . .5
attempts to deal with an IRS problem, it
Visit the website at
Recordkeeping . . . . . . . . . . . . . . . . .5
should contact the Taxpayer Advocate.
advocate.
The Taxpayer Advocate independently
Depository Methods of Tax
represents the RIC’s interest and
Payment . . . . . . . . . . . . . . . . . . . .5
concerns within the IRS by protecting
How To Get Forms
Specific Instructions . . . . . . . . . . . .6
its rights and resolving problems that
Period Covered . . . . . . . . . . . . . . . . .6
and Publications
have not been fixed through normal
Name and Address . . . . . . . . . . . . . .6
channels.
Item B. Date RIC Was
Internet
Established . . . . . . . . . . . . . . . . . .6
While Taxpayer Advocates cannot
You can access the IRS website 24
Item C. Employer Identification
change the tax law or make a technical
hours a day, 7 days a week, at
Number (EIN) . . . . . . . . . . . . . . . .6
tax decision, they can clear up
gov to:
problems that resulted from previous
Item D. Total Assets . . . . . . . . . . . . .6
Download forms, instructions, and
contacts and ensure that the RIC’s
Item E. Final Return, Name
publications;
case is given a complete and impartial
Change, Address Change,
Order IRS products online;
review.
or Amended Return . . . . . . . . . . . .6
Research your tax questions online;
Part I — Investment Company
The RIC’s assigned personal
Search publications online by topic or
Taxable Income . . . . . . . . . . . . . 7-9
advocate will listen to its point of view
keyword; and
Schedule A . . . . . . . . . . . . . . . . . . . 10
and work with the RIC to address its
Sign up to receive local and national
Schedule B . . . . . . . . . . . . . . . . . . . 10
concerns. The RIC can expect the
tax news by email.
Schedule J . . . . . . . . . . . . . . . . . . . 10
advocate to provide:
IRS tax products CD. You can order
A “fresh look” at a new or ongoing
Schedule K . . . . . . . . . . . . . . . . . . . 12
Pub. 1796, IRS Tax Products CD, and
problem.
Schedule L . . . . . . . . . . . . . . . . . . . 13
obtain:
Timely acknowledgement.
Schedule M-1 . . . . . . . . . . . . . . . . . 13
Current-year forms, instructions, and
The name and phone number of the
publications;
taxpayer advocate assigned to its case.
What’s New
Prior-year forms, instructions and
Updates on progress.
publications;
RICs that paid the federal telephone
Timeframes for action.
Bonus: Historical Tax Products DVD
excise tax on long distance or bundled
Speedy resolution.
service may be able to request a credit.
Courteous service.
– Ships with the final release;
Cat. No. 64251J

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