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  • 2004 Instruction 1120 Ric. Instructions For Form 1120-ric - Irs

Get 2004 Instruction 1120 Ric. Instructions For Form 1120-ric - Irs

E 1 of 13 Instructions for Form 1120-RIC 10:50 - 1-MAR-2005 The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing. 2004 Department of the Treasury Internal Revenue Service Instructions for Form 1120-RIC U.S. Income Tax Return for Regulated Investment Companies Section references are to the Internal Revenue Code unless otherwise noted. Contents What s New . . . . . . . . . . . . . . . . . . Photographs of Missing Children.

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To make this election, attach to Form 1120-RIC for the tax year that includes the last day of the calendar year for which the fund makes the election a statement that it is making an election under Temporary Regulations section 1.67-2T(j)(2).

A US investment company that meets certain tax requirements regarding its assets, income and distributions, and has made an election to be taxed as a RIC. Mutual funds and closed-end investment companies typically are taxed as RICs.

Registry Identification Code form – Natural Person Submission Type.

An RIC must derive a minimum of 90% of its income from capital gains, interest, or dividends earned on investments. To qualify, at least 50% of a company's total assets must be in the form of cash, cash equivalents, or securities.

Use Form 1120-RIC, U.S. Income Tax Return for Regulated Investment Companies, to report the income, gains, losses, deductions, credits, and to figure the income tax liability of a regulated investment company (RIC) as defined in section 851.

The IRS considers the futures income to be bad income, and because the mutual fund is a regulated investment company (RIC) it can therefore not receive the profits or losses from transacting in futures contracts.

Regulated investment companies (RIC) file this form to report their. income, gains, losses, deductions, credits, and. to figure their income tax liability.

The Gross Income Test In order to qualify as a regulated investment company, the entity must derive at least 90% of its gross income from dividends, interest and similar income items earned in its business of investing in stock, securities, and currencies.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232