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Instructions for

Department of the Treasury

Internal Revenue Service

Form 1120-ND

(Rev. December 2016)

(Use with the October 2013 revision of Form 1120-ND)

Return for Nuclear Decommissioning Funds and Certain Related Persons

the present value of the nuclear power

Section references are to the Internal Revenue Code

Increase in penalty for failure to file. For

unless otherwise noted.

plant's decommissioning costs. Taxpayers

returns required to be filed after December

can apply for a new ruling amount if the

31, 2015, the minimum penalty for failure to

Future Developments

nuclear power plant is granted a license

file a return that is over 60 days late has

renewal, extending its useful life. See section

increased to the smaller of the tax due or

For the latest information about

468A for more information.

$205. See Late filing of return, later.

developments affecting Form 1120-ND and

Who Must File

its instructions, such as legislation enacted

General Instructions

after they were published, go to

All section 468A nuclear decommissioning

form1120nd.

funds must file Form 1120-ND. A disqualified

Purpose of Form

person engaging in self-dealing must file

What’s New

Nuclear decommissioning funds use Form

Form 1120-ND to report the initial tax. See

1120-ND to report contributions received,

Part II, Initial Taxes on Self-Dealing (Section

Change in due date for filing fund re-

income earned, the administrative expenses

4951), later, to determine if an individual has

turns. For tax years beginning after 2015,

of operating the fund, and the tax on

engaged in self-dealing as a trustee or

the due date for filing fund returns generally

modified gross income. The return is also

disqualified person.

is the 15th day of the 4th month after the end

used to report the section 4951 initial taxes

of the fund's tax year. Special rules apply for

on self-dealing.

Note. Each person liable for filing a return to

funds with tax years ending in June. See

pay any tax reportable on this form must file

Taxpayers, electing under section 468A,

When To File, later.

a separate return.

are allowed deductions for amounts

contributed to a qualified fund, up to 100% of

When To File

Generally, a fund must file its income tax

Where To File

return by the 15th day of the 4th month after

the end of its tax year. The return of a trustee

File the fund's or disqualified person's or trustee's return at the applicable IRS address listed

or self-dealer who owes tax under section

below.

4951 must be filed by the 15th day of the 4th

month after the end of the tax year of the

And the total assets at

trustee or self-dealer.

the end of the tax year

However, a fund with a fiscal tax year

If the fund's principal

(Form 1120-ND,

ending on June 30 must file by the 15th day

business, office, or agency

Schedule L, line 6,

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

is located in:

column (b)) are:

Use the following address:

A fund with a short tax year ending in June

Connecticut, Delaware, District

Less than $10 million

Department of the Treasury

will be treated as if the short year ended on

of Columbia, Florida, Georgia,

Internal Revenue Service Center

June 30, and must file by the 15th day of the

3rd month after the end of its tax year.

Illinois, Indiana, Kentucky,

Cincinnati, OH 45999-0012

Maine, Maryland,

$10 million or more

Department of the Treasury

If the due date falls on a Saturday,

Massachusetts, Michigan,

Internal Revenue Service Center

Sunday, or legal holiday, the fund may file on

New Hampshire, New Jersey,

Ogden, UT 84201-0012

the next business day.

New York, North Carolina,

Private delivery services. Funds can use

Ohio, Pennsylvania, Rhode

certain private delivery services designated

Island, South Carolina,

by the IRS to meet the timely mailing as

Tennessee, Vermont, Virginia,

“timely filing/paying” rule for tax returns and

West Virginia, Wisconsin

payments. See the Instructions for Form

Alabama, Alaska, Arizona,

1120, U.S. Corporation Income Tax Return,

Arkansas, California,

for details.

Colorado, Hawaii, Idaho, Iowa,

Private delivery services cannot

Kansas, Louisiana, Minnesota,

Department of the Treasury

deliver items to P.O. boxes. The

Mississippi, Missouri,

Any amount

Internal Revenue Service Center

fund must use the U.S. Postal

Montana, Nebraska, Nevada,

CAUTION

Ogden, UT 84201-0012

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

New Mexico, North Dakota,

address.

Oklahoma, Oregon, South

Dakota, Texas, Utah,

Extension of time to file. File Form 7004,

Washington, Wyoming

Application for Automatic Extension of Time

A foreign country or U.S.

Internal Revenue Service Center

To File Certain Business Income Tax,

possession

Any amount

P.O. Box 409101

Information, and Other Returns, to request

an extension of time to file. Generally, file

Ogden, UT 84409

Form 7004 by the regular due date of the

return.

Jan 11, 2017

Cat. No. 11508V

Instructions For Form 1120-Nd - Return For Nuclear Decommissioning Funds And Certain Related Persons - 2016

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