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.S.
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.
(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).