Nonlife insurance companies with total assets of $10 million or more on the last day of the tax year must complete new Schedule M-3 (Form 1120-PC), Net Income (Loss) Reconciliation for U.S. Property and Casualty Insurance Companies With Total Assets of $10 Million or More. See the Schedule M-3 (Form 1120-PC) and related instructions for more information.

The filing address for corporations whose principal business, office, or agency is located in a foreign country or U.S. possession has changed. See Where To File on page 2.

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.

Cash contributions made in tax years beginning after August 17, 2006, must be supported by a dated bank record or receipt. See Substantiation requirements on page 11.

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 11.

The larger deductions for contributions of certain food inventory and qualified book contributions to certain schools have been extended through December 31, 2007. See Other special rules on page 11.

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 14i on page 8.

Controlled groups must complete new Schedule O (Form 1120), Consent Plan and Apportionment Schedule for a Controlled Group, before completing Form 1120-PC. See the Instructions for Schedule O.

The possessions tax credit under section 936 or section 30A has expired for most corporations for tax years beginning in 2006. For guidance on certain issues that may arise depending on the manner in which the business of the corporation continues to be conducted after 2005, see Notice 2005-21, 2005-11 I.R.B. 727.

For tax years beginning in 2006, a corporation that is an existing credit claimant with respect to American Samoa, may be able to claim the American Samoa economic development credit. See the Instructions for Form 5735.

A “fresh look” at a new or ongoing problem,

Timely acknowledgment,

The name and phone number of the individual assigned to its case,

Updates on progress,

Timeframes for action,

Speedy resolution, and

Courteous service.

The corporation's name, address, and employer identification number.

The name and telephone number of an authorized contact person and the hours he or she can be reached.

The type of tax return and year(s) involved.

A detailed description of the problem.

Previous attempts to solve the problem and the office that was contacted.

A description of the hardship the corporation is facing and supporting documentation (if applicable).

Call the Taxpayer Advocate's toll-free number: 1-877-777-4778.

Call, write, or fax the Taxpayer Advocate office in its area (see Pub. 1546 for addresses and phone numbers).

TTY/TDD help is available by calling 1-800-829-4059.

Visit the website at www.irs.gov/advocate.

You can e-file your Form 7004; Form 940 and 941 employment tax returns; Form 1099 and other information returns. Visit www.irs.gov/efile for details.

You can pay taxes online or by phone using the free Electronic Federal Tax Payment System (EFTPS). Visit www.eftps.gov or call 1-800-555-4477 for details.