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Transfers to a corporation controlled

The RIC is entitled to hold itself out as

Name and Address

by the transferor. Every significant

a money market fund, or an equivalent of

Enter the RIC’s true name (as set forth in

transferor (as defined in Regulations

a money market fund.

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the charter or other legal document

section 1.351-3(d) that receives stock of a

The RIC provides a statement to the

creating it), address, and EIN on the

corporation in exchange for property in a

partnership that it consents to the

appropriate lines. Enter the address of the

nonrecognition event must attach the

partnership’s election to close its books

RIC’s principal office or place of business.

statement required by Regulations

monthly and that the RIC will include in its

Include the suite, room, or other unit

section 1.351-3(a)) to its return for the tax

taxable income its distributive share of

number after the street address. If the

year of the exchange. The transferee

partnership items in a manner consistent

post office does not deliver mail to the

corporation must include the statement

with the election. See Rev. Proc. 2002-16

street address and the RIC has a P.O.

required by Regulations section

for the required contents of the statement

box, show the box number instead.

1.351-3(b) for the tax year of the

of consent.

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exchange, unless all the required

The RIC provides the statement of

Note. Do not use the address of the

information is included in any

consent to the custodian or manager of

registered agent for the state in which the

statement(s) provided by a significant

the partnership by the last day of the

RIC is incorporated. For example, if a

transferor that is attached to the same

second month after the month in which

business is incorporated in Delaware or

return for the same section 351

the RIC acquires the partnership interest.

Nevada and the RIC’s principal office is

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exchange.

The partnership is eligible under Rev.

located in Little Rock, AR, the RIC should

Proc. 2002-16 to make the monthly

enter the Little Rock address.

Distributions under section 355. Every

closing election and the election is

If the RIC receives its mail in care of a

corporation that makes a distribution of

effective by the second month after the

third party (such as an accountant or an

stock or securities of a controlled

month in which the RIC acquires the

attorney), enter on the street address line

corporation, as described in section 355

partnership interest.

“C/O” followed by the third party’s name

(or so much of section 356 as it relates to

Statement of consent. The consent to a

and street address or P.O. box.

section 355), must attach the statement

partnership’s monthly closing election is

required by Regulations section 1.355-5

Item B. Date RIC Was

effective for the month in which the RIC

to its return for the year of the distribution.

acquires the partnership interest, unless

If the distributing corporation is a

Established

the RIC requests that the consent be

controlled foreign corporation, each U.S.

If this return is being filed for a series fund

effective for either of the two immediately

shareholder (within the meaning of

(as described in section 851(g)(2)), enter

following calendar months. In addition to

section 951(b)), must include the

the date the fund was created. Otherwise,

timely providing the partnership with the

statement on or with its return.

enter the date the RIC was incorporated

statement of consent, the statement

Dual consolidated losses. If a

or organized.

should be filed with Form 1120-RIC for

domestic corporation incurs a dual

the first tax year in which the consent is

Item C. Employer

consolidated loss (as defined in

effective. The monthly closing consent

Regulations section 1.1503-2(c)(5)), the

(and the partnership’s election) may be

Identification Number (EIN)

corporation (or consolidated group) may

revoked only with the consent of the

Enter the RIC’s EIN. If the RIC does not

need to attach an elective relief

Commissioner. However, the RIC’s

have an EIN, it must apply for one. An

agreement and/or an annual certification

consent becomes ineffective on any day

EIN may be applied for:

as provided in Temporary Regulations

when the RIC ceases to be an eligible

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Online — Click on the EIN link at www.

section 1.1503-2(g)(2).

partner and the partnership’s monthly

irs.gov/businesses/small. The EIN is

closing election is terminated as of the

Notice to shareholders. A RIC must

issued immediately once the application

first day of any month the partnership is

notify its shareholders within 60 days after

information is validated.

no longer eligible for the election under

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the close of its tax year of the distribution

By telephone at 1-800-829-4933 from

Rev. Proc. 2002-16. For more details, see

made during the tax year that qualifies for

7:00 a.m. to 10:00 p.m. in the RIC’s local

the Revenue Procedure.

the dividends-received deduction under

time zone.

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section 243. For purposes of the

Other forms and statements. See Pub.

By mailing or faxing Form SS-4,

dividends-received deduction, a capital

542 for a list of other forms and

Application for Employer Identification

gain dividend received from a RIC is not

statements a corporation may need to file

Number.

treated as a dividend. The capital gain

in addition to the forms and statements

If the RIC has not received its EIN by

discussed throughout these instructions.

dividend is treated as a long-term capital

the time the return is due, write “Applied

gain by the shareholder.

for” and the date you applied in the space

for the EIN. See the Instructions for Form

Consent to partnership election to

Specific Instructions

SS-4 for details.

close its books monthly. Certain

money market funds that obtain an

Item D. Total Assets

interest in an eligible partnership that

Period Covered

invests in assets exempt from taxation

Enter the RIC’s total assets (as

File the 2008 return for calendar year

under section 103 may be qualified to pay

determined by the accounting method

2008 and fiscal years that begin in 2008.

exempt-interest dividends to their

regularly used in keeping the fund’s

For a fiscal year return, fill in the tax year

shareholders. To qualify for payment of

books and records) at the end of the tax

space at the top of the form.

exempt-interest dividends, a RIC must

year. If there are no assets at the end of

meet the quarterly net asset value (NAV)

Note. The 2008 Form 1120-RIC may

the tax year, enter -0-.

requirements under section 852(b)(5). To

also be used if:

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Item E. Final Return, Name

maintain the required NAV at the end of

The RIC has a tax year of less than 12

each quarter, the RIC may take into

months that begins and ends in 2009; and

Change, Address Change,

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account on a monthly basis its distributive

The 2009 Form 1120-RIC is not

share of partnership items if the eligible

or Amended Return

available at the time the RIC is required to

partnership makes a proper election to

file its return.

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If this is the RIC’s final return and it will

close its books at the end of each month.

The RIC must show its 2009 tax year

no longer exist, check the “Final return”

See Rev. Proc. 2002-16 for details.

on the 2008 Form 1120-RIC and take into

box.

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Eligibility. A RIC is entitled to take

account any tax law changes that are

If the RIC has changed its name since

into account its distributive share of

effective for tax years beginning after

it last filed a return, check the “Name

partnership items on a monthly basis if:

December 31, 2008.

change” box. Generally, a RIC must also

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Instructions For Form 1120-Ric - U.s. Income Tax Return For Regulated Investment Companies Page 6

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