Instructions For Form 1120-Pc - 2016
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232016
Department of the Treasury
Internal Revenue Service
Instructions for
Form 1120-PC
U.S. Property and Casualty Insurance Company Income Tax Return
Future Developments
Missing & Exploited Children®
(NCMEC).
Section references are to the Internal Revenue
Code unless otherwise noted.
Photographs of missing children selected
For the latest information about
by the Center may appear in instructions
Contents
Page
developments related to Form 1120-PC
on pages that would otherwise be blank.
What's New . . . . . . . . . . . . . . . . . .
1
and its instructions, such as legislation
You can help bring these children home
enacted after they were published, go to
Reminders . . . . . . . . . . . . . . . . . . .
1
by looking at the photographs and calling
Photographs of Missing Children . . . .
1
1-800-THE-LOST (1-800-843-5678) if you
The Taxpayer Advocate Service . . . . .
1
recognize a child.
What's New
How To Get Forms and
Publications . . . . . . . . . . . . . . .
1
The Taxpayer Advocate
Changes in due date for filing corpo-
General Instructions . . . . . . . . . . . . .
2
Service
rate returns. For tax years beginning
Purpose of Form . . . . . . . . . . . .
2
after 2015, the due date for filing corporate
The Taxpayer Advocate Service (TAS) is
Who Must File . . . . . . . . . . . . .
2
returns generally is the 15th day of the 4th
an independent organization within the
Where To File . . . . . . . . . . . . . .
2
month after the end of the corporation's
IRS that helps taxpayers and protects
Electronic Filing . . . . . . . . . . . .
2
tax year. Special rules apply to
taxpayer rights. TAS's job is to ensure that
When To File . . . . . . . . . . . . . .
2
corporations with tax years ending in
every taxpayer is treated fairly and knows
Who Must Sign . . . . . . . . . . . . .
2
June. See When To File, later.
and understands their rights under the
Paid Preparer Authorization . . . . .
3
Increase in penalty for failure to file.
Taxpayer Bill of
Rights.
Statements . . . . . . . . . . . . . . .
3
For returns required to be filed after
As a taxpayer, the corporation has
Assembling the Return . . . . . . . .
3
December 31, 2015, the minimum penalty
rights that the IRS must abide by in its
Tax Payments . . . . . . . . . . . . .
3
for failure to file a return that is over 60
dealings with the corporation. The TAS tax
Estimated Tax Payments . . . . . .
3
days late has increased to the smaller of
toolkit at
Interest and Penalties . . . . . . . . .
4
the tax due or $205. See Late filing of
can help the corporation understand these
return, later.
Accounting Methods . . . . . . . . .
4
rights.
Accounting Period . . . . . . . . . . .
4
Reminders
TAS can help the corporation if:
Rounding Off to Whole
A problem is causing financial difficulty
Dollars . . . . . . . . . . . . . . . .
4
Patient-centered outcomes research
for the business.
Recordkeeping . . . . . . . . . . . . .
5
institute fee. The Patient-Centered
The business is facing an immediate
Other Forms and
Outcomes Research Institute fee is
threat of adverse action.
Statements That May Be
imposed on issuers of specified health
Required . . . . . . . . . . . . . . .
5
The corporation has tried repeatedly to
insurance policies (section 4375) and plan
contact the IRS but no one has
Specific Instructions . . . . . . . . . . . . .
6
sponsors of applicable self-insured health
responded, or the IRS hasn't responded
Period Covered
. . . . . . . . . . . .
6
plans (section 4376) for policy and plan
by the date promised.
Name and Address . . . . . . . . . .
6
years ending on or after October 1, 2012.
Identifying Information . . . . . . . .
6
TAS has offices in every state, the
The Patient-Centered Outcomes
Employer Identification
District of Columbia, and Puerto Rico.
Research Institute fee that is imposed on
Number (EIN) . . . . . . . . . . . .
6
Local advocates' numbers are in their
issuers of specified health insurance
Section 953 Elections . . . . . . . . .
7
local directories and at
policies and plan sponsors of applicable
Final Return, Name Change,
Advocate/Local-Taxpayer-Advocate. The
self-insured health plans is payable
Address Change, or
corporation can also call TAS at
annually and reported on the Form 720
Amended Return . . . . . . . . . .
7
1-877-777-4778.
that is filed for the second quarter of each
Taxable Income . . . . . . . . . . . .
7
year, which is due no later than July 31 of
TAS also works to resolve large-scale
Tax Computation and
or systemic problems that affect many
the calendar year immediately following
Payments . . . . . . . . . . . . . .
7
taxpayers. If the corporation knows of one
the last day of the policy year or plan year
Schedule A . . . . . . . . . . . . . . .
9
to which the fee applies. The fee is based
of these broad issues, please report it to
Schedule B, Part I . . . . . . . . . .
16
on the average number of lives covered
TAS through the Systemic Advocacy
Schedule B, Part II . . . . . . . . . .
16
under the policy or plan.
Management System at
Schedule C . . . . . . . . . . . . . .
16
sams.
You can find more information about
Schedule E . . . . . . . . . . . . . .
18
Affordable Care Act provisions, including
For more information, go to
Schedule F . . . . . . . . . . . . . .
19
links to published guidance, at
advocate.
Schedule G . . . . . . . . . . . . . .
20
Affordable-Care-Act
.
Schedule H . . . . . . . . . . . . . .
20
How To Get Forms and
Schedule I . . . . . . . . . . . . . . .
20
Photographs of Missing
Publications
Schedule L . . . . . . . . . . . . . .
21
Children
Schedule M-1 . . . . . . . . . . . . .
22
Internet. You can access the IRS website
The Internal Revenue Service is a proud
Index . . . . . . . . . . . . . . . . . . . . .
23
24 hours a day, 7 days a week, at IRS.gov
partner with the
National Center for
to:
Dec 27, 2016
Cat. No. 64537I
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