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Form 1120-RIC U.S. Income Tax Return for Regulated Investment Companies For calendar year 1998 or tax year beginning Name of fund Please type or print, 1998, and ending, 19 C OMB No. 1545-1010 Department
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What is form 1120ric - irs?
Form 1120-RIC is a tax form used by regulated investment companies (RICs) to report their income, capital gains, and losses to the Internal Revenue Service (IRS).
Who is required to file form 1120ric - irs?
RICs, also known as mutual funds or real estate investment trusts (REITs), are required to file Form 1120-RIC with the IRS. These entities must meet certain qualifications outlined in the Internal Revenue Code and elect to be treated as RICs for federal income tax purposes.
How to fill out form 1120ric - irs?
To fill out Form 1120-RIC, RICs need to provide information about their income, deductions, credits, and other relevant details. The form includes various schedules and attachments that need to be completed depending on the specific circumstances of the RIC. It is recommended to consult the instructions provided by the IRS to ensure accurate completion of the form.
What is the purpose of form 1120ric - irs?
The purpose of Form 1120-RIC is to report the financial activities and tax obligations of regulated investment companies to the IRS. By filing this form, RICs fulfill their tax reporting requirements and enable the IRS to assess and enforce the correct amount of tax owed by these entities.
What information must be reported on form 1120ric - irs?
Form 1120-RIC requires RICs to report various information, including their income from dividends, interest, capital gains, as well as deductions, expenses, and credits. Additionally, RICs must report details about their shareholders, affiliates, and any tax-exempt organizations they are associated with or have made distributions to.
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