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Line 3. Related U.S. Persons

Providing export management services.

An estate or trust (other than a foreign

estate or trust as defined in section

For commission sales, export gross

Enter on line 3 the name, address, and

7701(a)(31)).

receipts include the total receipts on

identifying number of related U.S.

which the IC-DISC earned the

persons in your controlled group.

Export Gross Receipts

commission.

For purposes of line 2, Schedule N

Schedule O

Column (a). All IC-DISCs should

only, no reduction is to be made for

complete column (a) in line 2. If two or

receipts attributable to military property.

Other Information

more IC-DISCs are related persons, only

Therefore, an IC-DISC’s export gross

the IC-DISC with the largest export gross

Question 6. Boycott of Israel. If

receipts for purposes of line 2 includes

receipts should complete columns (b) and

question 6a, 6b, or 6c is checked “Yes,”

the total of the amounts from page 2,

(c). If an IC-DISC acts as a commission

the IC-DISC must file Form 5713 and is

Schedule B, columns (b) and (d) of lines

agent for a related person, attribute the

also deemed to distribute part of its

1c, 2a, 2b, 2c, and 2d.

total amount of the transaction to the

income. See Form 5713 for more

Related persons are:

IC-DISC.

information.

•

An individual, partnership, estate, or

trust that controls the IC-DISC;

Complete column (a) to report the

Question 7. Tax-exempt interest.

•

A corporation that controls the IC-DISC

IC-DISC’s export gross receipts from all

Report any tax-exempt interest received

or is controlled by it; or

sources (including the United States) for

or accrued. Include any exempt-interest

•

A corporation controlled by the same

the current tax year.

dividends received as a shareholder in a

person or persons who control the

mutual fund or other regulated investment

IC-DISC.

Column (b). Export gross receipts of

company.

Control means direct or indirect

related IC-DISCs. Complete column (b)

ownership of more than 50% of the total

to report related IC-DISCs’ export gross

Schedule P

voting power of all classes of stock

receipts from all sources (including the

entitled to vote. See section 993(a)(3).

United States).

Intercompany Transfer Price or

U.S. person is:

Commission

•

Column (c). Export gross receipts of

A citizen or resident of the United

all other related U.S. persons.

States, which includes the

Complete and attach a separate

Complete column (c) to report other

Commonwealth of Puerto Rico and

Schedule P (Form 1120-IC-DISC) for

related U.S. persons’ export gross

possessions of the United States;

each transaction or group of transactions

•

receipts from all sources except the

A domestic corporation or partnership;

to which you apply the intercompany

United States.

pricing rules of section 994(a)(1) and (2).

Paperwork Reduction Act Notice. We ask for the information on this form to carry out the Internal Revenue laws of the United

States. You are required to give us the information. We need it to ensure that you are complying with these laws and to allow us to

figure and collect the right amount of tax.

You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the

form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long as their

contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return information are

confidential, as required by section 6103.

The time needed to complete and file the following forms will vary depending on individual circumstances. The estimated average

times are:

Copying, assembling,

Learning about the law or

and sending the form to

Form

Recordkeeping

the form

Preparing the form

the IRS

1120-IC-DISC

89 hr., 26 min.

21 hr., 52 min.

39 hr., 12 min.

4 hr., 17 min.

Schedule K

4 hr., 18 min.

47 min.

54 min.

— — —

Schedule P

12 hr., 54 min.

1 hr., 35 min.

1 hr., 52 min.

— — —

If you have comments concerning the accuracy of these time estimates or suggestions for making these forms simpler, we would

be happy to hear from you. You may write to the Internal Revenue Service, Tax Products Coordinating Committee,

SE:W:CAR:MP:T:M:S, 1111 Constitution Ave. NW, IR-6526, Washington, D.C. 20224. Do not send these tax forms to this office.

Instead, see Where To File on page 2.

-12-

Instructions for Form 1120-IC-DISC (Rev. 12-2011)

Instructions For Form 1120-Ic Disc - Interest Charge Domestic International Sales Corporation Return - 2011 Page 12

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