Form 1120-L

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Form 1120-L

A tax return for the income of a life insurance company. A life insurance company files Form 1120-L to report its revenue, expenses, and profits or losses. It also uses Form 1120-L to claim deductions and credits, which is especially important in the United States because corporate tax rates historically have been high compared to other countries.
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No changes are currently planned in the Schedule M-3 filing requirements for filers of Forms 1120-L or 1120-PC, or for Form 1120 mixed-group taxpayers.