IRS Form 1120-PC U.S. Property and Casualty Insurance Company Income Tax Return

IRS Form 1120-PC Instructions

The 1120-PC Form must be signed and dated by the company's president, vice president, chief accounting officer, treasurer, assistant treasurer, or any corporate officer authorized to sign.

The 1120-PC filing deadline is on the 15th day of the 4th month after the end of the company's tax year. If the tax year ends on June 30, the company is required to file the form by the 15th day of the 4th month after the end of the company's tax year. If the due date falls on a weekend or legal holiday, the form may be filed on the next business day.

Should a company fail to file its income tax return by the due date, including extensions, it 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%. There is a minimum penalty for a return that is 60 or more days late: the tax due or $210, whichever is smaller. If the company can demonstrate that failure to file Form 1120-PC on time was due to reasonable cause, the penalty will not be imposed.

For companies whose principal office is located in the United States, the IRS address to file the return to is the following: Department of the Treasury, Internal Revenue Service Center, Ogden, UT 84201-0012 . Companies located in a foreign country must file this return at the Internal Revenue Service Center, P.O. Box 409101, Ogden, UT 84409.

IRS 1120-PC Related Forms:

• 1120, U.S. Corporation Income Tax Return. Domestic corporations use Form 1120, U.S. Corporation Income Tax Return to report income, gains, losses, deductions, and credits, and to calculate income tax liability.
• 1120-C, U.S. Income Tax Return for Cooperative Associations. Corporations that operate on a cooperative basis use this form to report their income, gains, losses, deductions, and credits, and to figure their income tax liability.
• 1120-F, U.S. Income Tax Return of a Foreign Corporation. This form is filed by foreign corporations to report their income, gains, losses, deductions, and credits, and to figure their U.S. 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, and 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 income earned, contributions received, the administrative expenses of fund operation, the tax on modified gross income, and the 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, and 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, U.S. 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 report their income, deductions, credits, gains, losses, certain penalties, and income tax liability.
• 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.
• Form 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.
• Form 1120-X, Amended U.S. Corporation Income Tax Return. This form is used by corporations 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.