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IRS E-Services Make

3rd month after the end of its tax year. A

If a return is filed on behalf of a

new corporation filing a short-period

corporation by a receiver, trustee, or

Taxes Easier

return must generally file by the 15th day

assignee, the fiduciary must sign the

of the 3rd month after the short period

return, instead of the corporate officer.

Now more than ever before, businesses

ends. A corporation that has dissolved

Returns and forms signed by a receiver or

can enjoy the benefits of filing and paying

must generally file by the 15th day of the

trustee in bankruptcy on behalf of a

their federal taxes electronically. Whether

3rd month after the date it dissolved.

corporation must be accompanied by a

you rely on a tax professional or handle

copy of the order or instructions of the

your own taxes, the IRS offers you

If the due date falls on a Saturday,

court authorizing signing of the return or

convenient programs to make taxes

Sunday, or legal holiday, the corporation

form.

easier.

can file on the next business day.

•

You can e-file your Form 7004,

If an employee of the corporation

Private Delivery Services

Application for Automatic Extension of

completes Form 1120-PC, the paid

Time To File Certain Business Income

preparer space should remain blank.

Corporations can use certain private

Tax, Information, and Other Returns,

Anyone who prepares Form 1120-PC but

delivery services designated by the IRS to

Form 940, Employer’s Annual Federal

does not charge the corporation should

meet the “timely mailing as timely filing”

Unemployment (FUTA) Tax Return, 941,

not complete that section. Generally,

rule for tax returns. These private delivery

Employer’s QUARTERLY Federal Tax

anyone who is paid to prepare the return

services include only the following.

Return, Form 1099-MISC, Miscellaneous

must sign it and fill in the “Paid Preparer

•

DHL Express (DHL): DHL Same Day

Income, and other information returns.

Use Only” area.

Service.

Visit

for details.

•

The paid preparer must complete the

•

Federal Express (FedEx): FedEx

You can pay taxes online or by phone

required preparer information and:

Priority Overnight, FedEx Standard

using the free Electronic Federal Tax

•

Sign the return in the space provided

Overnight, FedEx 2Day, FedEx

Payment System (EFTPS). Visit

for the preparer’s signature.

International Priority, and FedEx

or call 1-800-555-4477 for

•

Give a copy of the return to the

International First.

details.

•

taxpayer.

United Parcel Service (UPS): UPS Next

Use these electronic options to make

Day Air, UPS Next Day Air Saver, UPS

Note. A paid preparer may sign original

filing and paying taxes easier.

2nd Day Air, UPS 2nd Day Air A.M., UPS

or amended returns by rubber stamp,

Worldwide Express Plus, and UPS

mechanical device, or computer software

Worldwide Express.

General Instructions

program.

The private delivery service can tell

Paid Preparer

you how to get written proof of the mailing

Purpose of Form

date.

Authorization

Use Form 1120-PC, U.S. Property and

Private delivery services cannot

If the corporation wants to allow the IRS

Casualty Insurance Company Income Tax

deliver items to P.O. boxes. You

to discuss its 2011 tax return with the paid

Return, to report the income, gains,

must use the U.S. Postal Service

preparer who signed it, check the “Yes”

CAUTION

losses, deductions, credits, and to figure

to mail any item to an IRS P.O. box

box in the signature area of the return.

the income tax liability of insurance

address.

This authorization applies only to the

companies, other than life insurance

individual whose signature appears in the

companies.

Extension of Time To File

“Paid Preparer Use Only” section of the

File Form 7004 to request a 6-month

Who Must File

return. It does not apply to the firm, if any,

extension of time to file. Generally, the

shown in that section.

Every domestic nonlife insurance

corporation must file Form 7004 by the

If the “Yes” box is checked, the

company and every foreign corporation

regular due date of the return. See the

corporation is authorizing the IRS to call

that would qualify as a nonlife insurance

Instructions for Form 7004.

the paid preparer to answer any

company subject to taxation under

questions that may arise during the

section 831, if it were a U.S. corporation,

Who Must Sign

processing of its return. The corporation

must file Form 1120-PC. This includes

The return must be signed and dated by:

is also authorizing the paid preparer to:

organizations described in section

•

The president, vice-president,

Give the IRS any information that is

501(m)(1) that provide commercial-type

treasurer, assistant treasurer, chief

missing from the return,

insurance and organizations described in

•

accounting officer; or

Call the IRS for information about the

section 833.

•

Any other corporate officer (such as tax

processing of the return or the status of

Exceptions. A nonlife insurance

officer) authorized to sign.

any related refund or payment(s), and

company that is:

•

Exempt under section 501(c)(15)

should file Form 990, Return of

Where To File

Organization Exempt from Income Tax.

•

Subject to taxation under section 831,

and disposes of its insurance business

File the corporation’s return at the applicable IRS address listed below.

and reserves, or otherwise ceases to be

taxed under section 831, but continues its

corporate existence while winding up and

liquidating its affairs, should file Form

If the corporation’s principal business, office, or

1120, U.S. Corporation Income Tax

agency is located in:

Use the following addresses:

Return.

Life insurance companies. Life

Department of the Treasury

insurance companies should file Form

Internal Revenue Service Center

The United States

1120-L, U.S. Life Insurance Company

Ogden, UT 84201-0012

Income Tax Return.

Internal Revenue Service Center

When To File

A foreign country or U.S. possession

P.O. Box 409101

Generally, a corporation must file its

Ogden, UT 84409

income tax return by the 15th day of the

-2-

Instructions for Form 1120-PC (2011)

Instructions For Form 1120-Pc - U.s. Property And Casualty Insurance Company Income Tax Return Page 2

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