Form 1120-L

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.
References in periodicals archive ?
Corporation Income Tax Return, insurance companies filing Form 1120-L, U.S.
Nolan replied that the IRS has no plans to require additional schedules other than adding Schedule M-3 to the returns for partnerships (Form 1065), Subchapter S Corporations (Form 1120-S), life insurance companies (Form 1120-L), and property and casualty insurance companies (Form 1120-PC).
[4] SOI computes amounts for Schedule M-1 lines 1 and 2 for Form 1120-L from the statutory accounting statement (NAIC Annual Statement) filed with Form 1120-L.
business filing Form 1120-F; life insurance companies filing Form 1120-L; and property and casualty insurance companies filing Form 1120-PC.
Property and Casualty Insurance Company Income Tax Return, or Form 1120-L, U.S.