Business, Legal & Accounting Glossary
U.S. Income Tax Return for Regulated Investment Companies. This form is used to report the income, gains, losses, deductions, and credits, as well as to figure the income tax liability of a regulated investment company (RIC) as defined in IRS section 851. This form is filed by a domestic corporation that meets certain conditions should it elect to be treated as a RIC for the tax year, or has made an election for a prior tax year and the election has not been terminated or revoked.
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Definitions for 1120-RIC Form are sourced/syndicated and enhanced from:
This glossary post was last updated: 13th November, 2021 | 0 Views.