Federal Free Printable 2016 Form 1120-RIC for 2017 Federal U.S. Income Tax Return for Regulated Investment Companies

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U.S. Income Tax Return for Regulated Investment Companies
2016 Form 1120-RIC

Form U.S. Income Tax Return for Regulated Investment Companies 1120-RIC Department of the Treasury Internal Revenue Service A Year of RIC status election B Date fund was established (see instructions) For calendar year 2016 or tax year beginning ▶ Information Please type or print OMB No. 1545-0123 , 2016, and ending 2016 , 20 about Form 1120-RIC and its instructions is at www.irs.gov/form1120ric. Name of fund C Employer identification number Number, street, and room or suite no. (If a P.O. box, see instructions.) D Total assets (see instructions) City or town, state, and ZIP code $ E F (1) (2) (3) (4) Check applicable boxes: Final return Name change Address change Amended return Check if the fund is a personal holding company (attach Sch. PH) or if the fund is not in compliance with Regs. sec. 1.852-6 for this tax year ▶ Deductions (see instructions) Income Part I—Investment Company Taxable Income (see instructions) 1 2 3 4 5 Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net foreign currency gain or (loss) from section 988 transactions (attach statement) . . . . . Payments with respect to securities loans . . . . . . . . . . . . . . . . . . Excess of net short-term capital gain over net long-term capital loss from Schedule D (Form 1120), line 16 (attach Schedule D (Form 1120)) . . . . . . . . . . . . . . . . . . 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Net gain or (loss) from Form 4797, Part II, line 17 (attach Form 4797) Other income (see instructions—attach statement) . . . . . . Total income. Add lines 1 through 7 . . . . . . . . . . 25 Less: a . . . . . . Compensation of officers (see instructions—attach Form 1125-E) . . . Salaries and wages (less employment credits) . . . . . . . . . Rents . . . . . . . . . . . . . . . . . . . . . . Taxes and licenses . . . . . . . . . . . . . . . . . . Interest . . . . . . . . . . . . . . . . . . . . . Depreciation (attach Form 4562) . . . . . . . . . . . . . . Advertising . . . . . . . . . . . . . . . . . . . . Registration fees . . . . . . . . . . . . . . . . . . Insurance . . . . . . . . . . . . . . . . . . . . . Accounting and legal services . . . . . . . . . . . . . . Management and investment advisory fees . . . . . . . . . . Transfer agency, shareholder servicing, and custodian fees and expenses Reports to shareholders . . . . . . . . . . . . . . . . Other deductions (see instructions—attach statement) . . . . . . . Total deductions. Add lines 9 through 22 . . . . . . . . . . Taxable income before deduction for dividends paid and deductions under 851(i). Subtract line 23 from line 8 . . . . . . . . . . . . . b Deduction for dividends paid (Schedule A, line 8a) . . Deductions for tax imposed under sections 851(d)(2) and 851(i) (Schedule J, line 2c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . sections . . . . 25a . 25b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 851(d)(2) . . . . . . . . . . . . . . . . . ▶ ▶ and . 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25c Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Signature of officer Paid Preparer Use Only Date Print/Type preparer’s name Firm’s name Preparer’s signature ▲ ▲ Sign Here . . . 1 2 3 4 May the IRS discuss this return with the preparer shown below? Yes No See instructions. Title Date PTIN Firm’s EIN ▶ ▶ Firm’s address ▶ For Paperwork Reduction Act Notice, see separate instructions. Check if self-employed Phone no. Cat. No. 64140B Form 1120-RIC (2016) Page 2 Form 1120-RIC (2016) Part I—Investment Company Taxable Income (see instructions) continued Tax and Payments 26 27 28a b c e f g h 29 30 31 32 Investment company taxable income. Subtract line 25c from line 24 . . . . . . . . . Total tax (Schedule J, line 7) . . . . . . . . . . . . . . . . . . . . . . 2015 overpayment credited to 2016 . . 28a 2016 estimated tax payments . . . 28b ) dBal ▶ 28d Less 2016 refund applied for on Form 4466 28c ( 28e Tax deposited with Form 7004 . . . . . . . . . . . . . Credit for tax paid on undistributed capital gains (attach Form 2439) . 28f Credit for federal tax paid on fuels (attach Form 4136) . . . . . . 28g Refundable credits from Form 8827, line 8c . . . . . . . . . 28h Estimated tax penalty (see instructions). Check if Form 2220 is attached . . . . . . ▶ Amount owed. If line 28i is smaller than the total of lines 27 and 29, enter amount owed . . . Overpayment. If line 28i is larger than the total of lines 27 and 29, enter amount overpaid . . . Enter amount from line 31: Credited to 2017 estimated tax ▶ Refunded ▶ 26 27 Part II—Tax on Undistributed Net Capital Gain Not Designated Under Section 852(b)(3)(D) 1 2 3 4 5 6 7 8 Net capital gain from Schedule D (Form 1120), line 17 (attach Schedule D (Form 1120)) Capital gain dividends from Schedule A, line 8b . . . . . . . . . . . . Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . Qualified timber gain included in the amount reported on line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . Subtract line 4 from line 3 . . . . . . . . . . . . . . . . . Multiply line 4 by 23.8% (0.238) . . . . . . . . . . . . . . . Multiply line 5 by 35% (0.35) . . . . . . . . . . . . . . . . Capital gains tax. Add lines 6 and 7. Enter tax here and on line 2b, Schedule J . . . . . . . . . . . . . . . . . . . . Schedule A Dividends paid (other than dividends paid after the end of the tax year). Do not include dividends deemed paid in the preceding tax year under section 852(b)(7) or 855(a), or deficiency dividends as defined in section 860(f) . . 1 2 Dividends paid in the 12-month period following the close of the tax year that the fund elects to treat as paid during the tax year under section 855(a) . . 2 3 Dividends declared in October, November, or December and deemed paid on December 31 under section 852(b)(7) . . . . . . . . . 4 5 6 7 8 Consent dividends (section 565) (attach Forms 972 and 973) . . . . Deficiency dividends (section 860) (attach Form 976) . . . . . . Foreign tax paid deduction (section 853(b)(1)(B)), if applicable . . . . Credits from tax credit bonds distributed to shareholders (see instructions) . Deduction for dividends paid: Ordinary dividends. Add lines 1 through 7 of column (a). Enter here and on line 25a, Part I Capital gain dividends. Add lines 1 through 5 of column (b). Enter here and on line 2, Part II, above . . . . . . . . . . . . . . Schedule B 1 . . . . (a) Ordinary dividends (b) Capital gain dividends 3 4 5 6 7 8a 8b Information Required With Respect to Income From Tax-Exempt Obligations 2 3 4 5 Did the fund qualify under section 852(b)(5) or 852(g) to pay exempt-interest dividends for 2016? If “Yes,” complete lines 2 through 5. Amount of interest excludible from gross income under section 103(a) . . . . . . . . . Amounts disallowed as deductions under sections 265 and 171(a)(2) . . . . . . . . . Net income from tax-exempt obligations. Subtract line 3 from line 2 . . . . . . . . . . Amount of line 4 designated as exempt-interest dividends . . . . . . . . . . . . . 1 2a b c d e 3a b c d e Check if the fund is a member of a controlled group (attach Schedule O (Form 1120)) 2a Tax on investment company taxable income . . . . . . . . . 2b Tax on undistributed net capital gain (from Part II, line 8) . . . . . 2c Tax imposed under sections 851(d)(2) and 851(i) . . . . Alternative minimum tax (attach Form 4626) . . . . . . . . . 2d Income tax. Add lines 2a through 2d . . . . . . . . . . . . . . . Foreign tax credit (attach Form 1118) . . . . . . . . . . . 3a Credit from Form 8834, line 7 (attach Form 8834) . . . . . . . 3b General business credit (attach Form 3800) . . . . . . . . . 3c Other credits (attach statement—see instructions) . . . . . . . 3d Total credits. Add lines 3a through 3d . . . . . . . . . . . . . . . Schedule J 1 2 3 4 5 6 7 8 Deduction for Dividends Paid (Do not include exempt-interest dividends or capital gain dividends reported on Form 2438, line 9b. See instructions.) 1 a b . . . . 28i 29 30 31 32 . . . . . . . 2 3 4 5 Tax Computation (see instructions) . . . ▶ . . . . . 2e . . . . . 3e .▶ Yes No Form 1120-RIC (2016) Page 3 Form 1120-RIC (2016) Schedule J 4 5 6 7 Tax Computation (see instructions) continued Subtract line 3e from line 2e . . . . . . . . . . . . . . . . . . . Personal holding company tax (attach Schedule PH (Form 1120)) . . . . . . . Other taxes. Check if from: Form 4255 Other (attach statement) Total tax. Add lines 4 through 6. Enter here and on line 27 . . . . . . . . . Schedule K . . . . . . . . . . . . 4 5 6 7 . . . . Other Information (see instructions) Yes No Check method of accounting: a Cash Accrual b c Other (specify) ▶ 2 At the end of the tax year, did the RIC own, directly or indirectly, 50% or more of the voting stock of a domestic corporation? (For rules of attribution, see section 267(c).) If “Yes,” attach a statement showing (a) name and identification number, (b) percentage owned, and (c) taxable income or (loss) before a net operating loss (NOL) and special deductions of such corporation for the tax year ending with or within your tax year. 1 3 Is the RIC a subsidiary in a parent-subsidiary controlled group? . . . . . . . . . . If “Yes,” enter the employer identification number and the name of the parent corporation ▶ 4 At the end of the tax year, did any individual, partnership, corporation, estate, or trust own, directly or indirectly, 50% or more of the RIC’s voting stock? (For rules of attribution, see section 267(c).) . . . . . . . . . . . . . . . If “Yes,” attach a statement showing name and identification number. (Do not include any information already entered in 3 above.) Enter percentage owned ▶ 5 . At any time during the tax year, did one foreign person own, directly or indirectly, at least 25% of: a The total voting power of all classes of stock of the fund entitled to vote or b The total value of all classes of stock of the fund? . . . . . . . . . . . . . . . If “Yes,” enter: (1) Percentage owned ▶ (2) Owner’s country ▶ The fund may have to file Form 5472. Enter number of Forms 5472 attached ▶ 6 7 8 9 a b 10a b . . . . . . . . . . . . . . . During this tax year, did the fund pay dividends (other than stock dividends and distributions in exchange for stock) in excess of the fund’s current and accumulated earnings and profits? (see sections 301 and 316) . . . . . . . . . . . If “Yes,” file Form 5452. Check this box if the fund issued publicly offered debt instruments with original issue discount . . . . . . . ▶ If checked, the fund may have to file Form 8281. Enter the amount of tax-exempt interest received or accrued during the tax year. ▶ $ If this return is being filed for a series fund (as defined in section 851(g)(2)), enter The name of the regulated investment company in which the fund is a series ▶ The date the regulated investment company was incorporated or organized ▶ Section 853 election. Check this box if the fund meets the requirements of section 853(a) and section 901(k) and elects to pass through the deduction or credit for foreign taxes it paid to its shareholders. See the instructions for additional details and requirements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ▶ Section 852(g) election. Check this box if the fund meets the requirements of section 852(g) and elects the application of section 853 without regards to the requirement of section 853(a)(1). See the instructions for additional details and requirements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ▶ 11 Section 853A election. Check this box if the fund elects under section 853A to pass through credits from tax credit bonds to its shareholders. See instructions . . . . . . . . . . . . . . . . . . . . . . . ▶ 12 Section 852(b)(8) election. Check this box if, for purposes of computing taxable income, the fund elects under Section 852(b)(8) to defer all or part of its post-October capital loss or late-year ordinary loss for this tax year . . . . . ▶ a b . If the election is made, enter the amounts deferred: Post-October capital loss ▶ Late-year ordinary loss ▶ Form 1120-RIC (2016) Page 4 Form 1120-RIC (2016) Schedule L Balance Sheets per Books Beginning of tax year Assets (a) 1 2a b 3 4 5 6 7 8 9a b 10 11a b 12 13 Cash . . . . . . . . . . . Trade notes and accounts receivable . Less allowance for bad debts . . . . U.S. government obligations . . . . Tax-exempt securities (see instructions) Other current assets (attach statement) . Loans to shareholders . . . . . . Mortgage and real estate loans . . . Other investments (attach statement) . Buildings and other fixed depreciable assets Less accumulated depreciation . . . Land (net of any amortization) . . . . Intangible assets (amortizable only) . . Less accumulated amortization . . . Other assets (attach statement) . . . Total assets . . . . . . . . . 14 15 16 17 18 19 20 21 22 23 24 25 26 Accounts payable . . . . . . . . Mortgages, notes, bonds payable in less than 1 year Other current liabilities (attach statement) . Loans from shareholders . . . . . . Mortgages, notes, bonds payable in 1 year or more Other liabilities (attach statement) . . . Capital stock . . . . . . . . . . Additional paid-in capital . . . . . . Retained earnings—Appropriated (attach statement) Retained earnings—Unappropriated . . Adjustments to shareholders' equity (attach statement) Less cost of treasury stock . . . . . Total liabilities and shareholders' equity . . . . . . . . . . . . . . . . . . End of tax year (b) (c) (d) ( ) ( ) ( ) ( ) ( ) ( ) Liabilities and Shareholder's Equity ( ) ( ) Note: The fund is not required to complete Schedules M-1 and M-2 if the total assets on Schedule L, line 13, column (d), are less than $25,000. Schedule M-1 1 2 3 4 Reconciliation of Income (Loss) per Books With Income per Return (see instructions) Net income (loss) per books . . . . Federal income tax (less built-in gains tax) Excess of capital losses over capital gain Income subject to tax not recorded on books this year (itemize): 5 7 Income recorded on books this year not included on this return (itemize): Tax-exempt interest 8 Deductions on this return not charged against book income this year (itemized): a b Expenses recorded on books this year not deducted on this return (itemize): a b c d 6 $ Depreciation . . . Expenses allocable to tax-exempt interest income . . . . . $ $ Section 4982 tax . . Travel and entertainment $ Add lines 1 through 5 Schedule M-2 1 2 3 4 . . . . . $ Depreciation . . . $ Deduction for dividends paid (line 25a, Part I) . . . $ 9 10 Net capital gain from Form 2438, line 9a If the fund did not file Form 2438, enter the net capital gain from Schedule D (Form 1120), line 17. Otherwise, enter -0- 11 12 Add lines 7 through 10 . . . Investment company taxable income (line 26, Part I)—line 6 less line 11 . Analysis of Unappropriated Retained Earnings per Books (Schedule L, line 23) Balance at beginning of year . Net income (loss) per books . Other increases (itemize): Add lines 1, 2, and 3 . . . . . . . . . . . . . 5 6 a Cash . . b Stock . . c Property . Other decreases (itemize): 7 8 Add lines 5 and 6 . . . . . Balance at end of year (line 4 less line 7) Distributions: . . . Form 1120-RIC (2016)
Extracted from PDF file 2016-federal-form-1120-ric.pdf, last modified January 2017

More about the Federal Form 1120-RIC Corporate Income Tax Tax Return TY 2016

We last updated the U.S. Income Tax Return for Regulated Investment Companies in May 2017, so this is the latest version of Form 1120-RIC, fully updated for tax year 2016. You can download or print current or past-year PDFs of Form 1120-RIC directly from TaxFormFinder. You can print other Federal tax forms here.

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Form 941 Employer's Quarterly Federal Tax Return
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Form 990 or 990-EZ (Sch A) Public Charity Status and Public Support
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Form Sources:

The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 1120-RIC from the Internal Revenue Service in May 2017.

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Form 1120-RIC is a Federal Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Federal Form 1120-RIC

We have a total of six past-year versions of Form 1120-RIC in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2016 Form 1120-RIC

2016 Form 1120-RIC

U.S. Income Tax Return for Regulated Investment Companies 2015 Form 1120-RIC

2015 Form 1120-RIC

U.S. Income Tax Return for Regulated Investment Companies 2014 Form 1120-RIC

2014 Form 1120-RIC

U.S. Income Tax Return for Regulated Investment Companies 2013 Form 1120-RIC

2013 Form 1120-RIC

U.S. Income Tax Return for Regulated Investment Companies 2012 Form 1120-RIC

2012 Form 1120-RIC

U.S. Income Tax Return for Regulated Investment Companies 2011 Form 1120-RIC

2011 Form 1120-RIC


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