Form 1120-RIC

Department of the Treasury 

Internal Revenue Service 

U.S. Income Tax Return for 

Regulated Investment Companies

For calendar year 2013 or tax year beginning , 2013, and ending , 20

▶Information about Form 1120-RIC and its instructions is at www.irs.gov/form1120ric.

OMB No. 1545-1010

2013

Please 

type or 

print

Name of fund

Number, street, and room or suite no. (If a P.O. box, see instructions.)

City or town, state, and ZIP code

A Year of RIC status 

election

B Date fund was established 

(see instructions)

C Employer identification number

D Total assets (see instructions)

$ 

E Check applicable boxes: (1) Final return (2) Name change (3) Address change (4) Amended return

F Check if the fund is a personal holding company (attach Sch. PH) or if the fund is not in compliance with Regs. sec. 1.852-6 for this tax year ▶

Part I—Investment Company Taxable Income (see instructions) Income

1 Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 

2 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 

3 Net foreign currency gain or (loss) from section 988 transactions (attach statement) . . . . . 3 

4 Payments with respect to securities loans . . . . . . . . . . . . . . . . . . 4 

5 Excess of net short-term capital gain over net long-term capital loss from Schedule D (Form 1120), 

line 16 (attach Schedule D (Form 1120)) . . . . . . . . . . . . . . . . . . 5 

6 Net gain or (loss) from Form 4797, Part II, line 17 (attach Form 4797) . . . . . . . . . 6 

7 Other income (see instructions—attach statement) . . . . . . . . . . . . . . . 7 

8 Total income. Add lines 1 through 7 . . . . . . . . . . . . . . . . . . ▶ 8 

Deductions (see instructions)

9 Compensation of officers (see instructions—attach Form 1125-E) . . . . . . . . . . 9 

10 Salaries and wages (less employment credits) . . . . . . . . . . . . . . . . 10 

11 Rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 

12 Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . 12 

13 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 

14 Depreciation (attach Form 4562) . . . . . . . . . . . . . . . . . . . . . 14 

15 Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 

16 Registration fees . . . . . . . . . . . . . . . . . . . . . . . . . 16 

17 Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 

18 Accounting and legal services . . . . . . . . . . . . . . . . . . . . . 18 

19 Management and investment advisory fees . . . . . . . . . . . . . . . . . 19 

20 Transfer agency, shareholder servicing, and custodian fees and expenses . . . . . . . 20 

21 Reports to shareholders . . . . . . . . . . . . . . . . . . . . . . . 21 

22 Other deductions (see instructions—attach statement) . . . . . . . . . . . . . . 22 

23 Total deductions. Add lines 9 through 22 . . . . . . . . . . . . . . . . ▶ 23 

24 Taxable income before deduction for dividends paid and deductions under sections 851(d)(2) and 

851(i). Subtract line 23 from line 8 . . . . . . . . . . . . . . . . . . . . 24 

25 Less: a Deduction for dividends paid (Schedule A, line 8a) . . . 25a 

b Deductions for tax imposed under sections 851(d)(2) and 

851(i) (Schedule J, line 2c) . . . . . . . . . . . 25b 25c

Sign 

Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, 

correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

▲

Signature of officer Date ▲

Title

May the IRS discuss this return 

with the preparer shown below 

(see instructions)? Yes No 

Paid 

Preparer 

Use Only

Print/Type preparer’s name Preparer’s signature Date Check if 

self-employed 

PTIN

Firm’s name ▶

Firm’s address ▶

Firm's EIN ▶

Phone no. 

For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 64140B Form 1120-RIC (2013)
Form 1120-RIC (2013) Page 2 

Part I—Investment Company Taxable Income (see instructions) continued Tax and Payments

26 Investment company taxable income. Subtract line 25c from line 24 . . . . . . . . . 26 

27 Total tax (Schedule J, line 7) . . . . . . . . . . . . . . . . . . . . . . 27 

28a 2012 overpayment credited to 2013 . 28a

b 2013 estimated tax payments . . 28b

c Less 2013 refund applied for on Form 4466 28c ( ) dBal ▶ 28d

e Tax deposited with Form 7004 . . . . . . . . . . . . . 28e

f Credit for tax paid on undistributed capital gains (attach Form 2439) . 28f

g Credit for federal tax paid on fuels (attach Form 4136) . . . . . . 28g

h Refundable credits from Form 8827, line 8c . . . . . . . . . 28h 28i

29 Estimated tax penalty (see instructions). Check if Form 2220 is attached . . . . . . ▶ 29 

30 Amount owed. If line 28i is smaller than the total of lines 27 and 29, enter amount owed . . . 30 

31 Overpayment. If line 28i is larger than the total of lines 27 and 29, enter amount overpaid . . . 31 

32 Enter amount from line 31: Credited to 2014 estimated tax ▶ Refunded ▶ 32 

Part II—Tax on Undistributed Net Capital Gain Not Designated Under Section 852(b)(3)(D)

1 Net capital gain from Schedule D (Form 1120), line 17 (attach Schedule D (Form 1120)) . . . . . 1

2 Capital gain dividends from Schedule A, line 8b . . . . . . . . . . . . . . . . . 2

3 Amount subject to tax. Subtract line 2 from line 1 . . . . . . . . . . . . . . . . 3

4 Capital gains tax. Multiply line 3 by 35% (.35). Enter tax here and on line 2b, Schedule J . . . . 4

Schedule A Deduction for Dividends Paid (Do not include exempt-interest dividends or capital gain dividends

reported on Form 2438, line 9b; see instructions.)

1 Dividends paid (other than dividends paid after the end of the tax year). Do 

not include dividends deemed paid in the preceding tax year under section 

852(b)(7) or 855(a), or deficiency dividends as defined in section 860(f) . .

(a) Ordinary dividends (b) Capital gain dividends

1

2 Dividends paid in the 12-month period following the close of the tax year that 

the fund elects to treat as paid during the tax year under section 855(a) . . 2

3 Dividends declared in October, November, or December and deemed 

paid on December 31 under section 852(b)(7) . . . . . . . . . 3

4 Consent dividends (section 565) (attach Forms 972 and 973) . . . . 4

5 Deficiency dividends (section 860) (attach Form 976) . . . . . . 5

6 Foreign tax paid deduction (section 853(b)(1)(B)), if applicable . . . . 6

7 Credits from tax credit bonds distributed to shareholders (see instructions) . 7

8 Deduction for dividends paid:

a Ordinary dividends. Add lines 1 through 7 of column (a). Enter here and on line 25a, Part I 8a

b Capital gain dividends. Add lines 1 through 5 of column (b). Enter here

and on line 2, Part II, above . . . . . . . . . . . . . . 8b

Schedule B Information Required With Respect to Income From Tax-Exempt Obligations

1 Did the fund qualify under section 852(b)(5) or 852(g) to pay exempt-interest dividends for 2013? . . . . ▶ Yes No

If “Yes,” complete lines 2 through 5.

2 Amount of interest excludible from gross income under section 103(a) . . . . . . . . . . 2

3 Amounts disallowed as deductions under sections 265 and 171(a)(2) . . . . . . . . . . 3

4 Net income from tax-exempt obligations. Subtract line 3 from line 2 . . . . . . . . . . . 4

5 Amount of line 4 designated as exempt-interest dividends . . . . . . . . . . . . . . 5

Schedule J Tax Computation (see instructions)

1 Check if the fund is a member of a controlled group (attach Schedule O (Form 1120)) . . . ▶

2a Tax on investment company taxable income . . . . . . . . . 2a

b Tax on undistributed net capital gain (from Part II, line 4) . . . . . 2b

c Tax imposed under sections 851(d)(2) and 851(i) . . . . 2c

d Alternative minimum tax (attach Form 4626) . . . . . . . . . 2d

e Income tax. Add lines 2a through 2d . . . . . . . . . . . . . . . . . . . . 2e

3a Foreign tax credit (attach Form 1118) . . . . . . . . . . . 3a

b Credit from Form 8834, line 7 (attach Form 8834) . . . . . . . 3b

c General business credit (attach Form 3800) . . . . . . . . . 3c

d Other credits (attach statement—see instructions) . . . . . . . 3d

e Total credits. Add lines 3a through 3d . . . . . . . . . . . . . . . . . . . . 3e

4 Subtract line 3e from line 2e . . . . . . . . . . . . . . . . . . . . . . . 4

5 Personal holding company tax (attach Schedule PH (Form 1120)) . . . . . . . . . . . 5

6 Other taxes. Check if from: Form 4255 Other (attach statement) . . . . 6

7 Total tax. Add lines 4 through 6. Enter here and on line 27 . . . . . . . . . . . . . 7

Form 1120-RIC (2013)
Form 1120-RIC (2013) Page 3 

Schedule K Other Information (see instructions) Yes No

1 Check method of accounting:

a Cash

b Accrual

c Other (specify) ▶

2 At the end of the tax year, did the RIC own, directly or indirectly, 50% or more of the voting stock of a domestic corporation?

(For rules of attribution, see section 267(c).)

If “Yes,” attach a statement showing (a) name and identification number, (b) percentage owned, and (c) taxable income or 

(loss) before a net operating loss (NOL) and special deductions of such corporation for the tax year ending with or within your 

tax year. 

3 Is the RIC a subsidiary in a parent-subsidiary controlled group? . . . . . . . . . . . . . . . . . . .

If “Yes,” enter the employer identification number and the name of the parent corporation ▶

4 At the end of the tax year, did any individual, partnership, corporation, estate, or trust own, directly or indirectly, 50% or 

more of the RIC’s voting stock? (For rules of attribution, see section 267(c).) . . . . . . . . . . . . . . .

If “Yes,” attach a statement showing name and identification number. (Do not include any information already entered in 3

above.) Enter percentage owned ▶

5 At any time during the tax year, did one foreign person own, directly or indirectly, at least 25% of:

a The total voting power of all classes of stock of the fund entitled to vote or

 b The total value of all classes of stock of the fund? . . . . . . . . . . . . . . . . . . . . . . .

If “Yes,” enter:

(1) Percentage owned ▶

(2) Owner’s country ▶

The fund may have to file Form 5472. Enter number of Forms 5472 attached ▶

6 During this tax year, did the fund pay dividends (other than stock dividends and distributions in exchange for stock) in excess 

of the fund’s current and accumulated earnings and profits? (see sections 301 and 316) . . . . . . . . . . .

If “Yes,” file Form 5452.

7 Check this box if the fund issued publicly offered debt instruments with original issue discount . . . . . . . ▶

If checked, the fund may have to file Form 8281.

8 Enter the amount of tax-exempt interest received or accrued during the tax year. ▶ $

9 If this return is being filed for a series fund (as defined in section 851(g)(2)), enter

a The name of the regulated investment company in which the fund is a series ▶

b The date the regulated investment company was incorporated or organized ▶

10a Section 853 election. Check this box if the fund meets the requirements of section 853(a) and section 901(k) and elects 

to pass through the deduction or credit for foreign taxes it paid to its shareholders. See the instructions for additional 

details and requirements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ▶

b Section 852(g) election. Check this box if the fund meets the requirements of section 852(g) and elects the application 

of section 853 without regards to the requirement of section 853(a)(1). See the instructions for additional details and 

requirements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ▶

11 Section 853A election. Check this box if the fund elects under section 853A to pass through credits from tax credit

bonds to its shareholders (see instructions) . . . . . . . . . . . . . . . . . . . . . . . ▶

12 Regulations section 1.852-11 election. Check this box if, for purposes of computing taxable income, the fund elects

under Regulations section 1.852-11(f)(1) to defer all or part of its post-October capital loss or post-October currency loss 

for this tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ▶

If the election is made, enter the amounts deferred:

a Post-October capital loss ▶

b Post-October currency loss ▶

Form 1120-RIC (2013)
Form 1120-RIC (2013) Page 4 

Schedule L Balance Sheets per Books Beginning of tax year End of tax year

( ) ( ) 

( ) ( ) 

( ) ( ) 

( ) ( ) 

Assets (a) (b) (c) (d)

1 Cash . . . . . . . . . . .

2a Trade notes and accounts receivable .

b Less allowance for bad debts . . . .

3 U.S. government obligations . . . .

4 Tax-exempt securities (see instructions) 

5 Other current assets (attach statement) .

6 Loans to shareholders . . . . . .

7 Mortgage and real estate loans . . .

8 Other investments (attach statement) .

9a Buildings and other fixed depreciable assets

b Less accumulated depreciation . . .

10 Land (net of any amortization) . . . .

11a Intangible assets (amortizable only) . .

b Less accumulated amortization . . .

12 Other assets (attach statement) . . .

13 Total assets . . . . . . . . .

Liabilities and Shareholder's Equity

14 Accounts payable . . . . . . .

15 Mortgages, notes, bonds payable in less than 1 year

16 Other current liabilities (attach statement)

17 Loans from shareholders . . . . .

18 Mortgages, notes, bonds payable in 1 year or more

19 Other liabilities (attach statement) . .

20 Capital stock . . . . . . . . .

21 Additional paid-in capital . . . . .

22 Retained earnings - Appropriated (attach statement)

23 Retained earnings - Unappropriated . .

24 Adjustments to shareholders' equity (attach statement)

25 Less cost of treasury stock . . . .

26 Total liabilities and shareholders' equity 

Note: The fund is not required to complete Schedules M-1 and M-2 if the total assets on Schedule L, line 13, column (d), are less than $25,000.

Schedule M-1 Reconciliation of Income (Loss) per Books With Income per Return (see instructions)

1 Net income (loss) per books . . . .

2 Federal income tax (less built-in gains tax)

3 Excess of capital losses over capital gain

4 Income subject to tax not recorded on 

books this year (itemize):

5 Expenses recorded on books this year not 

deducted on this return (itemize):

a Depreciation . . . $

b Expenses allocable to tax-exempt interest 

income . . . . . $

c Section 4982 tax . . $

d Travel and entertainment $

6 Add lines 1 through 5 . . . . . .

7 Income recorded on books this year 

not included on this return (itemize):

Tax-exempt interest $

8 Deductions on this return not charged 

against book income this year (itemized):

a Depreciation . . . $

b Deduction for dividends paid (line 

25a, Part I) . . . $

9 Net capital gain from Form 2438, line 9a

10 If the fund did not file Form 2438, enter 

the net capital gain from Schedule D 

(Form 1120), line 17. Otherwise, enter -0-

11 Add line 7 through 10 . . . .

12 Investment company taxable income 

(line 26, Part I)-line 6 less line 11 .

Schedule M-2 Analysis of Unappropriated Retained Earnings per Books (Schedule L, line 23)

1 Balance at beginning of year . . . .

2 Net income (loss) per books . . . .

3 Other increases (itemize):

4 Add lines 1, 2, and 3 . . . . . . .

5 Distributions: a Cash . . .

b Stock . . .

c Property . .

6 Other decreases (itemize):

7 Add lines 5 and 6 . . . . .

8 Balance at end of year (line 4 less line 7)

Form 1120-RIC (2013)