2008 Form 1120-RIC
May the IRS discuss this return with
the preparer shown below (see
instructions)?
C
Employer identification number
Year of RIC status
election
A
Name of fund
Please
type or
print
Number, street, and room or suite no. (If a P.O. box, see instructions.)
D
Total assets (see instructions)
Date fund was established
(see instructions)
B
City or town, state, and ZIP code
$
Amended return
(4)
Address change
(3)
Final return
(1)
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
F
Part I--Investment Company Taxable Income (see instructions)
1
Dividends
1
2
Interest
2
3
Net foreign currency gain or (loss) from section 988 transactions (attach schedule)
3
4
Payments with respect to securities loans
4
Excess of net short-term capital gain over net long-term capital loss from Schedule D (Form 1120),
line 12 (attach Schedule D (Form 1120))
5
Income
5
6
Net gain or (loss) from Form 4797, Part II, line 17 (attach Form 4797)
6
7
Other income (see instructions--attach schedule)
7
Total income. Add lines 1 through 7
8
8
9
9
Compensation of officers (Schedule E, line 2)
10
10
Salaries and wages (less employment credits)
11
11
Rents
12
12
Taxes and licenses
13
13
Interest
14
14
Depreciation (attach Form 4562)
15
15
Advertising
16
Registration fees
16
17
17
Insurance
18
18
Accounting and legal services
Deductions
(see instructions)
19
Management and investment advisory fees
19
20
Transfer agency, shareholder servicing, and custodian fees and expenses
20
21
21
Reports to shareholders
22
22
Other deductions (see instructions--attach schedule)
23
23
Total deductions. Add lines 9 through 22
24
24
Taxable income before deduction for dividends paid. Subtract line 23 from line 8
Less: Deduction for dividends paid (Schedule A, line 7a)
25
25
Investment company taxable income. Subtract line 25 from line 24
26
26
27
Total tax (Schedule J, line 7)
27
28a
2007 overpayment credited to 2008
28a
28b
2008 estimated tax payments
b
)
(
28d
d Bal
28c
Less 2008 refund applied for on Form 4466
c
28e
Tax deposited with Form 7004
e
28f
Credit for tax paid on undistributed capital gains (attach Form 2439)
f
28g
Credit for federal tax paid on fuels (attach Form 4136)
g
29
Estimated tax penalty (see instructions). Check if Form 2220 is attached
29
Tax and Payments
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
32
OMB No.
1545-1010
U.S. Income Tax Return for
Regulated Investment Companies
Form
1120-RIC
See separate instructions.
Department of the Treasury
Internal Revenue Service
Enter amount from line 31: Credited to 2009 estimated tax
For calendar year 2008 or tax year beginning
, 2008, and ending
, 20
Cat. No. 64140B
Refunded
Form
1120-RIC
(2008)
Check applicable boxes:
E
Name change
(2)
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.
Sign
Here
Title
Date
Signature of officer
Date
Preparer's SSN or PTIN
Preparer's
signature
Check if
self-employed
Paid
Preparer's
Use Only
Firm's name (or
yours if self-employed),
address, and ZIP code
EIN
Phone no. (
)
Yes
No
For Privacy Act and Paperwork Reduction Act Notice, see separate instructions.
28i
Refundable credits from Form 3800, line 19c, and Form 8827, line 8c
h
2008
28h
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)
Page
2
Form 1120-RIC (2008)
Part II--Tax on Undistributed Net Capital Gain Not Designated Under Section 852(b)(3)(D)
1
1
Net capital gain from Schedule D (Form 1120), line 13 (attach Schedule D (Form 1120))
2
2
Capital gain dividends from Schedule A, line 7b
3
3
Subtract line 2 from line 1
Qualified timber gain included in the amount reported on line 3
4
4
Deduction for Dividends Paid (Do not include exempt-interest dividends or capital gain dividends
reported on Form 2438, line 9b; see instructions.)
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)
1
1
2
2
Dividends declared in October, November, or December and deemed
paid on December 31 under section 852(b)(7)
3
3
4
Consent dividends (section 565) (attach Forms 972 and 973)
4
Foreign tax paid deduction (section 853(b)(1)(B)), if applicable
5
5
Information Required With Respect to Income From Tax-Exempt Obligations
Did the fund qualify under section 852(b)(5) to pay exempt-interest dividends for 2008?
No
Yes
If "Yes," complete lines 2 through 5.
2
Amount of interest excludible from gross income under section 103(a)
1
3
Amounts disallowed as deductions under sections 265 and 171(a)(2)
2
4
Net income from tax-exempt obligations. Subtract line 3 from line 2
3
Amount of line 4 designated as exempt-interest dividends
4
5
Compensation of Officers (see instructions for line 9, Part I)
Note: Complete Schedule E only if total receipts (line 8, Part I, plus net capital gain from line 1, Part II, and line 9a,
Form 2438) are $500,000 or more.
(d) Percent of fund
stock owned
(c) Percent of time
devoted to business
(e) Amount of
compensation
(b) Social security
number
(a) Name of officer
%
%
%
%
2
Total compensation of officers. Enter here and on line 9, Part I
2
Tax Computation (see instructions)
Check if the fund is a member of a controlled group (attach Schedule O (Form 1120))
1
Tax on investment company taxable income
2a
b
3a
3a
3b
Credit from Form 8834
b
Total credits. Add lines 3a through 3d
e
3e
4
4
Subtract line 3e from line 2d
5
5
6
Personal holding company tax (attach Schedule PH (Form 1120))
6
7
Other taxes. Check if from:
7
Total tax. Add lines 4 through 6. Enter here and on page 1, line 27
Schedule A
Schedule B
Schedule J
Schedule E
1
5
Deduction for dividends paid:
Ordinary dividends. Add lines 1 through 6 of column (a). Enter here and on line 25, Part I
Capital gain dividends. Add lines 1 through 4 of column (b). Enter here
and on line 2, Part II, above
(b) Capital gain dividends
(a) Ordinary dividends
7
7a
7b
a
b
3c
c
Form
1120-RIC
(2008)
Form 4255
Other (attach schedule)
c
d
Tax on undistributed net capital gain (from Part II, line 8)
Alternative minimum tax (attach Form 4626)
Income tax. Add lines 2a through 2c
2a
2b
2d
2c
d
Other credits (attach schedule--see instructions)
3d
Foreign tax credit (attach Form 1118)
General business credit (attach Form 3800)
Subtract line 4 from line 3
5
Multiply line 4 by 15% (.15)
6
Multiply line 5 by 35% (.35)
7
Capital gains tax. Add lines 6 and 7. Enter tax here and on line 2b, Schedule J
8
5
6
7
8
Credits from tax credit bonds distributed to shareholders (see instructions)
6
6
Page
3
Form 1120-RIC (2008)
No
Yes
Other Information (see instructions)
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?
(1)
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.
Check method of accounting:
Cash
Accrual
Other (specify)
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.
Enter the amount of tax-exempt interest received or accrued during the tax year.
If this return is being filed for a series fund (as defined in section 851(g)(2)), enter
The name of the regulated investment company in which the fund is a series
The date the regulated investment company was incorporated or organized
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
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:
Post-October capital loss
Post-October currency loss
Schedule K
3
4
a
b
c
5
6
7
8
9
10
12
1
At any time during the tax year, did one foreign person own, directly or indirectly, at least 25% of:
The total voting power of all classes of stock of the fund entitled to vote or
The total value of all classes of stock of the fund?
a
b
a
b
Percentage owned
$
(2)
Owner's country
The fund may have to file Form 5472. Enter number of Forms 5472 attached
a
b
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
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 schedule showing name and identification number. (Do not include any information already entered in 3
above.) Enter percentage owned
If "Yes," attach a schedule 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.
If "Yes," enter:
(For rules of attribution, see section 267(c).)
Form
1120-RIC
(2008)
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)
11
Page
4
Form 1120-RIC (2008)
End of tax year
Beginning of tax year
(d)
(c)
(b)
(a)
Assets
(
)
(
)
Less allowance for bad debts
b
U.S. government obligations
3
Tax-exempt securities (see instructions)
4
5
Other current assets (attach schedule)
6
Loans to shareholders
7
Mortgage and real estate loans
8
Other investments (attach schedule)
Buildings and other fixed depreciable assets
9a
(
)
(
)
Less accumulated depreciation
b
Land (net of any amortization)
10
11a
Intangible assets (amortizable only)
(
)
(
)
Less accumulated amortization
b
12
Other assets (attach schedule)
Total assets
13
Liabilities and Shareholders' Equity
Accounts payable
14
Mortgages, notes, bonds payable in less than 1 year
15
16
Other current liabilities (attach schedule)
17
Loans from shareholders
Mortgages, notes, bonds payable in 1 year or more
18
Other liabilities (attach schedule)
19
20
Capital stock
Additional paid-in capital
21
Retained earnings--Appropriated (attach schedule)
22
Retained earnings--Unappropriated
23
)
)
(
(
Less cost of treasury stock
25
26
Total liabilities and shareholders' equity
Reconciliation of Income (Loss) per Books With Income per Return
(see instructions)
Analysis of Unappropriated Retained Earnings per Books (Schedule L, line 23)
Schedule M-2
Schedule M-1
Schedule L
Income recorded on books this year not
included on this return (itemize):
7
Tax-exempt interest
Deductions on this return not charged
against book income this year (itemize):
8
Expenses recorded on books this year not
deducted on this return (itemize):
5
Depreciation
a
b
Depreciation
a
Expenses allocable to tax-exempt interest
income
b
d
Travel and entertainment
Net capital gain from Form 2438, line 9a
9
10
If the fund did not file Form 2438, enter the
net capital gain from Schedule D (Form
1120), line 13. Otherwise, enter -0-
6
Add lines 1 through 5
Balance at beginning of year
1
Distributions:
a Cash
5
Net income (loss) per books
2
b Stock
Other increases (itemize):
3
c Property
Other decreases (itemize):
6
Add lines 5 and 6
7
4
8
Add lines 1, 2, and 3
Balance at end of year (line 4 less line 7)
Net income (loss) per books
1
Federal income tax (less built-in gains tax)
2
Excess of capital losses over capital gains
3
Income subject to tax not recorded on
books this year (itemize):
4
Section 4982 tax
c
11
Add lines 7 through 10
12
Investment company taxable income
(line 26, Part I)--line 6 less line 11
Cash
1
Trade notes and accounts receivable
2a
Deduction for dividends
paid (line 25, Part I)
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.
$
$
$
$
$
Balance Sheets per Books
24
Adjustments to shareholders' equity (attach schedule)
Form
1120-RIC
(2008)
$
$