IRS Form 1120-F U.S. Income Tax Return of a Foreign Corporation

IRS Form 1120-F Instructions

Foreign corporations that maintain an office within the United States must file Form 1120-F by the 15th day of the 4th month after the end of the corporation's tax year. If the tax year ends on June 30, the corporation must file the form by the 15th day of the 4th month after the end of the corporation's tax year. If the corporation has dissolved, the return must be filed by the 15th day of the 4th month after the date of dissolution. On the other hand, foreign corporations that do not maintain an office within the United States are required to file the 1120-F Form by the 15th day of the 6th month after the end of the corporation's tax year.

A corporation may file Form 7004 by the return due date specified above to request an extension of time to file. If the Form 1120-F due date falls on a weekend or legal holiday, the form may be filed on the next business day.

Foreign corporations that do not file their income tax return by the due date, including extensions, may be imposed a penalty of 5% of the unpaid tax for each month or days the return is late, and up to a maximum of 25%. The minimum penalty for a tax return that is 60 or more days late is the tax due or $210, whichever is smaller. If the corporation can demonstrate that failure to file Form 1120-F on time was due to a reasonable cause, the penalty will not be imposed.

The return must be signed and dated by the corporation's president, vice president, chief accounting officer, treasurer, assistant treasurer, or any corporate officer authorized to sign. The IRS provides specific instructions for Form 1120-F. The foreign corporation income tax return must be filed at the IRS Center, PO Box 409101, Ogden, UT 84409.

IRS 1120-F Related Forms:

• 1120, U.S. Corporation Income Tax Return. Domestic corporations can use this form to report their income, gains, losses, deductions, and credits, and to figure their income tax liability.
• 1120-C, U.S. Income Tax Return for Cooperative Associations. Corporations that operate on a cooperative basis file this form to report their income, gains, losses, deductions, and credits, and to figure their income tax liability.
• 1120-H, U.S. Income Tax Return for Homeowners Associations. A homeowners association files this form to exclude the exempt function income from its gross income.
• 1120-L, U.S. Life Insurance Company Income Tax Return. Life insurance companies use this form to report income, gains, losses, deductions, and credits, as well as to figure their income tax liability.
• 1120-ND, Return for Nuclear Decommissioning Funds and Certain Related Persons. Nuclear decommissioning funds file this form to report their income, contributions, the administrative expenses of fund operation, the tax on modified gross income, and Section 4951 initial taxes.
• 1120-S, U.S. Income Tax Return for an S Corporation. This is a form used to report the income, gains, losses, deductions, and credits of a domestic corporation or any other entity for any tax year covered by an election to be an S corporation. 1120-FSC, U.S. Income Tax Return of a Foreign Sales Corporation. Foreign Sales Corporation (FSC) or small FSC use this form to report their income, deductions, losses, gains, credits, as well as to calculate their income tax liability.
• 1120-IC-DISC, Interest Charge Domestic International Sales Corporation Return. This form is filed by interest charge domestic international sales corporations (IC-DISCs), former DISCs, and former IC-DISCs.
• 1120-POL, US Income Tax Return for Certain Political Organizations. This form is filed by political organizations and certain Exempt Organizations to report their political organization taxable income and income tax liability (Section 527).
• 1120-REIT, U.S. Income Tax Return for Real Estate Investment Trusts. Corporations, trusts, and associations electing to be treated as Real Estate Investment Trusts file this form to inform the IRS of their income, deductions, credits, gains, losses, certain penalties, and income tax liability.
• 1120-PC, U.S. Property and Casualty Insurance Company Income Tax Return. This form is filed to report the income, gains, losses, deductions, and credits, and to figure the income tax liability of insurance companies, apart from life insurance companies.
• 1120-RIC, U.S. Income Tax Return for Regulated Investment Companies. Regulated investment companies (RIC) file this form to report their income, deductions, gains, losses, credits, and to calculate their income tax liability.
• 1120-SF, U.S. Income Tax Return for Settlement Funds (Under Section 468B). Qualified settlement funds file this form to report transfers received, income earned, deductions claimed, distributions made, and a designated or qualified settlement fund income tax liability.
• 1120-W, Estimated Tax for Corporations. Corporations use this form to estimate their tax liability and to figure the amount of their estimated tax payments.
• 1120-X, Amended U.S. Corporation Income Tax Return. American corporations use this document to correct Form 1120 (or Form 1120-A), a claim for refund, or an examination, as well as to make certain elections after the prescribed deadline.