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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In addition, the statistics for all FCDCs include data from the small numbers of other domestic corporation income tax returns filed on Forms 1120L (U.
Forms 1120L, 1120-RIC, 1120-REIT, and 1120-PC were sampled based solely on the size of total assets.
This information is also reported on Forms 1120L, 1120-PC, 1120-REIT, and 1120-RIC, in different locations.
This includes federal forms 1120L, 1120PC (including life-nonlife consolidations), and all applicable state returns.
21) The count of 41 Forms 1120L does not include returns of life insurance companies that were filed as part of consolidated returns under IRC section 1504(c).
20) The count of 33 Forms 1120L does not include returns of life insurance companies that were filed as part of consolidated returns under IRC section 1504(c).