Instructions for Form 1120-RIC (2006)

Instructions for Form 1120-RIC - 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.

Table of Contents

What's New

RICs 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 28h on page 9.
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.

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.

Unresolved Tax Issues

If the RIC has been unsuccessful in its attempts to deal with an IRS problem, it should contact the Taxpayer Advocate. The Taxpayer Advocate independently represents the RIC's interest and concerns within the IRS by protecting its rights and resolving problems that have not been fixed through normal channels.

While Taxpayer Advocates cannot change the tax law or make a technical tax decision, they can clear up problems that resulted from previous contacts and ensure that the RIC's case is given a complete and impartial review.

The RIC's assigned personal advocate will listen to its point of view and work with the RIC to address its concerns. The RIC can expect the advocate to provide:

A “fresh look” at a new or ongoing problem.
Timely acknowledgement.
The name and phone number of the taxpayer advocate assigned to its case.
Updates on progress.
Timeframes for action.
Speedy resolution.
Courteous service.

When contacting the Taxpayer Advocate, the RIC should provide the following information:

The RIC's name, address, and employer identification number (EIN).
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 RIC is facing and supporting documentation (if applicable).

The RIC can contact a Taxpayer Advocate as follows.

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.

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:

Download forms, instructions, and publications;
Order IRS products online;
Research your tax questions online;
Search publications online by topic or keyword; and
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:

Current-year forms, instructions, and publications;
Prior-year forms, instructions and publications;
Bonus: Historical Tax Products DVD - Ships with the final release;
Tax Map: an electronic research tool and finding aid;
Tax law frequently asked questions (FAQs);
Tax Topics from the IRS telephone response system;
Fill-in, print and save features for most tax forms;
Internal Revenue Bulletins; and
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 the National Technical Information Service (NTIS) 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-ROM 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.

How To Access the Internal Revenue Bulletin (I.R.B.)

You can access the I.R.B. on the Internet at www.irs.gov (post-1995 Bulletins only). Select the Tax Professionals button, select Basic Tools for Tax Pro, then page down to Reference Materials to locate the Internal Revenue Bulletins.