Instructions for Form 1120-F - Introductory Material
This is archived information that pertains only to the 2006 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.
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The IRS has changed the filing address for Form 1120-F. See Where To File on page 4.
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Corporations must include in income part or all of the proceeds received from certain corporate-owned life insurance contracts
issued after
August 17, 2006. See section 101(j) for details.
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Cash contributions made in tax years beginning after August 17, 2006, must be supported by a dated bank record or receipt.
See the
instructions for line 19 on page 14.
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Certain corporate farmers and ranchers may have an increased contribution limit and carryover period for donations of conservation
property.
See Suspension of 10% limitation for farmers and ranchers on page 14.
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New rules and restrictions apply to certain contributions of real property interests located in a registered historic district.
Also, a $500
filing fee may apply to certain deductions over $10,000. See Special rules for contributions of certain easements in registered historic
districts on page 15.
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The larger deduction for contributions of certain food inventory and qualified book contributions to certain schools has been
extended
through December 31, 2007. See Other special rules on page 15.
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Corporations that paid the federal telephone excise tax on long distance or bundled service may be able to request a credit.
See the
instructions for line 5i on page 8.
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Controlled groups must complete new Schedule O (Form 1120), Consent Plan and Apportionment Schedule for a Controlled Group,
before
completing Schedule J. See the instructions for Schedule O (Form 1120).
Photographs of Missing Children
The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Photographs of
missing children
selected by the Center may appear in instructions on pages that would otherwise be blank. You can help bring these children
home by looking at the
photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child.
If the corporation has attempted to deal with an IRS problem unsuccessfully, it should contact the Taxpayer Advocate. The
Taxpayer Advocate
independently represents the corporation's interests and concerns within the IRS by protecting its rights and resolving problems
that have not been
fixed through normal channels.
While Taxpayer Advocates may not change the tax law or make a technical tax decision, they may clear up problems that resulted
from previous
contacts and ensure that the corporation's case is given a complete and impartial review.
The corporation's assigned personal advocate will listen to its point of view and will work with the corporation to address
its concerns. The
corporation can expect the advocate to provide:
When contacting the Taxpayer Advocate, the corporation should be prepared to provide the following information:
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The corporation's name, address, and employer identification number (EIN).
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The name and telephone number of an authorized contact person and the hours he or she can be reached.
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The type of tax return and year(s) involved.
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A detailed description of the problem.
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Previous attempts to solve the problem and the office that was contacted.
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A description of the hardship the corporation is facing and verifying documentation (if applicable).
The corporation may contact a Taxpayer Advocate as follows:
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Call the Taxpayer Advocate's toll-free number: 1-877-777-4778.
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Call, write, or fax the Taxpayer Advocate office in its area (see Pub. 1546 for addresses and phone numbers).
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TTY/TDD help is available by calling 1-800-829-4059.
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Visit the website at
www.irs.gov.advocate.
How To Get Forms and Publications
Internet.
You can access the IRS website 24 hours a day, 7 days a week, at
www.irs.gov to:
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Download forms, instructions, and publications;
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Order IRS products online;
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Research your tax questions online;
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Search publications online by topic or keyword; and
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Sign up to receive local and national tax news by email.
IRS Tax Products CD.
You can order Pub. 1796, IRS Tax Products CD, and obtain:
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Current year forms, instructions, and publications.
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Prior-year forms and instructions and publications.
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Bonus: Historical Tax Products DVD - Ships with the final release.
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Tax Map: an electronic research tool and finding aid.
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Tax law frequently asked questions (FAQs).
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Tax Topics from the IRS telephone response system.
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Fill-in, print and save features for most tax forms.
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Internal Revenue Bulletins.
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Toll-free and email technical support.
The CD is released twice during the year. The first release will ship the beginning of January, and the final release
will ship the beginning of
March.
Buy the CD from National Technical Information Service at
www.irs.gov/cdorders for $25 (no handling fee) or
call
1-877-CDFORMS (1-877-233-6767) toll-free to buy the CD for $25 (plus a $5 handling fee).
Price is subject to change.
By phone and in person.
You can order forms and publications by calling 1-800-TAX-FORM (1-800-829-3676). You can also get most forms and publications
at your local IRS
office.
