IRS Form 1120-ND Return for Nuclear Decommissioning Funds and Certain Related Persons

IRS Form 1120-ND Instructions

Detailed information is provided in the IRS-distributed instructions for Form 1120-ND. The form must be dated and signed by an authorized trustee. The return of any person who engaged in any self-dealing act must be signed either by that person or the person authorized to sign on their behalf. Generally, anyone who gets paid to prepare the return is required to sign it and fill in the "Paid Preparer Use Only" section.

In general, this income tax return must be filed by the 15th day of the 4th month after the end of the fund's tax year. If the fund's fiscal year ends in June, then the due date is the 15th day of the 3rd month after the end of the tax year. If the due date falls on a weekend, or a legal holiday, the fund's income tax return is due on the next business day.

If a fund does not meet the 1120-ND filing deadline, including extensions, a penalty of 5% of the unpaid tax for each month or day the return is late, and up to a maximum of 25%, shall apply. The minimum penalty for a return late for 60 (or over 60) days is the tax due or $210, whichever is smaller. If the fund can demonstrate that failure to file on time was due to reasonable cause, the penalty will not be imposed.

For funds whose principal office is located in the United States, the applicable IRS address where to file the return is the Department of the Treasury, Internal Revenue Service Center, Ogden, UT 84201-0012. The funds located in a foreign country must send this form to the Internal Revenue Service Center, P.O. Box 409101, Ogden, UT 84409.

IRS 1120-ND Related Forms:

• Form 1120, U.S. Corporation Income Tax Return. Domestic corporations use this form in order to report income, gains, losses, deductions, and credits, and to figure their income tax liability;
• Form 1120-C, U.S. Income Tax Return for Cooperative Associations. This form is used by corporations operating on a cooperative basis in order to report their income, gains, losses, deductions, and credits, and to figure their income tax liability;
• Form 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 also to figure their U.S. income tax liability;
• Form 1120-H, U.S. Income Tax Return for Homeowners Associations. With the help of this form, homeowners associations exclude the Exempt Function Income from their gross income;
• Form 1120-L, U.S. Life Insurance Company Income Tax Return. Life insurance companies use this form to report their income, gains, losses, deductions, and credits, as well as to figure their income tax liability;
• Form 1120-S, U.S. Income Tax Return for an S Corporation. This is a form filed with the IRS for reporting 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;
• Form 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;
• Form 1120-IC-DISC, Interest Charge Domestic International Sales Corporation Return. Interest charge domestic international sales corporations (IC-DISCs), former DISCs, and former IC-DISCs are required to file this form with the IRS;
• Form 1120-POL, US Income Tax Return for Certain Political Organizations. This form must be filed with the IRS by political organizations and certain exempt organizations to report their political organization taxable income and income tax liability (Section 527);
• Form 1120-PC, U.S. Property and Casualty Insurance Company Income Tax Return. Insurance companies, apart from life insurance companies, are required to file this form to report their tax return, and to figure their income tax liability;
• Form 1120-REIT, U.S. Income Tax Return for Real Estate Investment Trusts. Corporations, trusts, and associations electing to be called Real Estate Investment Trusts file this form in order to report their income, deductions, credits, gains, losses, certain penalties, and income tax liability;
• Form 1120-RIC, U.S. Income Tax Return for Regulated Investment Companies. Regulated investment companies (RIC) file this form with the IRS in order to report their income, deductions, gains, losses, credits, and to calculate their income tax liability;
• Form 1120-SF, U.S. Income Tax Return for Settlement Funds (Under Section 468B). Qualified settlement funds file this form with the IRS in order 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 file this form with the IRS 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 in order to correct mistakes made on Form 1120 or Form 1120-A, a claim for refund, or an examination, as well as to make certain elections after the prescribed deadline.