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Instructions for Form 1120-IC-DISC

• Changes To Note
• Photographs of Missing Children
• Unresolved Tax Issues
• How To Make a Contribution To Reduce the Public Debt
• How To Get Forms and Publications
• General Instructions
  • Purpose of Form
    • What Is an IC-DISC?
  • Who Must File
  • When To File
  • Who Must Sign
  • Other Forms, Returns, Schedules, and Statements That May Be Required
    • Forms
    • Schedules
    • Statements
  • Assembling the Return
  • Accounting Methods
  • Accounting Periods
  • Rounding Off to Whole Dollars
  • Recordkeeping
  • Definitions
    • Section 993
    • Section 994, Intercompany Pricing Rules
    • Section 994(c), Export Promotion Expenses
  • Penalties
• Specific Instructions
  • Period Covered
  • Address
    • Item C - Employer Identification Number (EIN)
    • Item E - Total Assets
    • Item F - Initial Return, Final Return, Name Change, Address Change, or Amended Return
    • Question G(1)
  • Taxable Income
    • Line 6a - Net Operating Loss Deduction
    • Line 6b - Dividends-Received Deduction
    • Line 7 - Taxable Income
    • Line 8 - Refundable Credit for Federal Tax Paid on Fuels
  • Schedule A
    • Cost of Goods Sold
    • Line 1
      • Inventory at Beginning of Year
    • Line 4
      • Additional Section 263A Costs
    • Line 5
      • Other Costs
    • Line 7
      • Inventory at End of Year
    • Lines 9a through 9f
      • Inventory Valuation Methods
  • Schedule B
    • Gross Income
    • Commissions: Special Rule
    • Line-by-Line Instructions
  • Schedule C
    • Dividends and Special Deductions
      • Line 1, Column (a)
      • Line 2, Column (a)
      • Line 3, Column (a)
      • Line 3, Columns (b) and (c)
      • Line 4, Column (a)
      • Line 5, Column (a)
      • Line 6, Column (a)
      • Line 7, Column (a)
      • Line 8, Column (a)
      • Line 9, Column (c) - Limitation on Dividends-Received Deduction
      • Line 13, Column (a) - Other Dividends
      • Line 15, Column (a)
  • Schedule E
    • Deductions
      • Limitations on Deductions
      • Line 1 - Export Promotion Expenses
      • Line 1c - Depreciation
      • Line 1h - Freight
      • Line 1i - Compensation of Officers
      • Line 1j - Repairs and Maintenance
      • Line 1k - Pension, Profit-sharing, etc., Plans
      • Line 1l - Employee Benefit Programs
      • Line 1m - Other
      • Line 2a - Bad Debts
      • Line 2b - Taxes and Licenses
      • Line 2c - Interest
      • Line 2d - Charitable Contributions
      • Line 2e - Freight
      • Line 2g - Other
  • Schedule J
    • Part I - Deemed Distributions Under Section 995(b)(1)
      • Line 2 - Recognized Gain on Section 995(b)(1)(B) Property
      • Line 3 - Recognized Gain on Section 995(b)(1)(C) Property
      • Line 4 - Income Attributable to Military Property
      • Line 9 - Deemed Distributions to
      • Line 10 - International Boycott Income
      • Line 11 - Illegal Bribes, etc.
      • Line 14 - Earnings and Profits
      • Line 17 - Foreign Investment Attributable to Producer Loans
    • Part II - Section 995(b)(1)(E) Taxable Income
      • Line 1 - Export Receipts
      • Line 3 - Controlled Group Allocation
      • Lines 4 and 5 - Proration of $10 Million Limit
      • Line 7 - Taxable Income
    • Part III - Deemed Distributions Under Section 995(b)(2)
    • Part IV - Actual Distributions
      • Line 1 - Distributions To Meet Section 992(c)(2)(B)
      • Line 4a - Previously Taxed Income
    • Part V - Deferred DISC Income Under Section 995(f)(3)
  • Schedule K
    • Shareholders Statement of IC-DISC Distributions
  • Schedule L
    • Balance Sheets per Books
      • Line 12 - Accumulated Pre-1985 DISC Income
      • Line 13 - Accumulated IC-DISC Income
  • Schedule N
    • Line 1
      • Product Code and Percentage
    • Line 2
      • Definitions
      • Export Gross Receipts for 2001
    • Line 3
      • Related U.S. Persons
  • Schedule O
  • Schedule P
    • Intercompany Transfer Price or Commission
• Paperwork Reduction Act Notice.

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Index

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• Instructions

I

• Inventory:

S

• Section 263A costs

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