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Instructions for Form 1120-C - Introductory Material

Table of Contents

What's New

Change of address.   New Form 8822-B, Change of Address — Business, has been created specifically for business use. A cooperative uses this form to notify the IRS of its new business address or location. See the instructions for Item D.

Cost of goods sold.   For tax years beginning in 2011, a cooperative must use new Form 1125-A, Cost of Goods Sold, to report a deduction for cost of goods sold. See the instructions for line 2.

Compensation of officers.   For tax years beginning in 2011, a cooperative must use new Form 1125-E, Compensation of Officers, if it deducts compensation for officers and has total receipts of $500,000 or more. See the instructions for line 11.

Expiring provisions.   Certain tax provisions will expire for certain amounts paid or incurred after December 31, 2011, including the following.

  • The increased deduction for charitable contributions of qualified food inventory (see section 170(e)(3)(C)), and contributions of qualified book inventory to public schools (see section 170(e)(3)(D)).

  • Certain film and television production expenses (see section 181).

  • Certain environmental remediation costs (see section 198).

Future developments.   The IRS has created a page on IRS.gov for information about Form 1120-C and its instructions at 
www.irs.gov/form1120c. Information about any future developments affecting Form 1120-C (such as legislation enacted after we release it) will be posted on that page.

Photographs of Missing Children

The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Photographs of missing children selected by the Center may appear in instructions on pages that would otherwise be blank. You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child.

Unresolved Tax Issues

The Taxpayer Advocate Service (TAS) is an independent organization within the IRS whose employees assist taxpayers who are experiencing economic harm, who are seeking help in resolving tax problems that have not been resolved through normal channels, or who believe that an IRS system or procedure is not working as it should. The service is free, confidential, tailored to meet your needs, and is available for businesses, as well as individuals.

The cooperative can contact the TAS as follows.

  • Call the TAS toll-free case intake line at 1-877-777-4778 or TTY/TDD 1-800-829-4059 to see if the cooperative is eligible for assistance.

  • Call or write the cooperative's local taxpayer advocate, whose phone number and address are listed in the local telephone directory and in Pub. 1546, Taxpayer Advocate Service—Your Voice at the IRS.

  • File Form 911, Request for Taxpayer Advocate Service Assistance, or ask an IRS employee to complete it on the cooperative's behalf.

For more information, go to  
www.irs.gov/advocate.

How To Make a Contribution To Reduce Debt Held by the Public

To help reduce debt held by the public, make a check payable to “Bureau of the Public Debt.” Send it to:

Bureau of the Public Debt 
Department G 
P.O. Box 2188 
Parkersburg, WV 26106-2188

Or the cooperative can enclose a check with its income tax return. Do not add the contributions to any tax the cooperative may owe. Contributions to reduce debt held by the public are deductible subject to the rules and limitations for charitable contributions.

How To Get Formsand Publications

Internet.   You can access the IRS website 24 hours a day, 7 days a week, at IRS.gov to:

  • Download forms, instructions, and publications;

  • Order IRS products online;

  • Research your tax questions online;

  • Search publications online by topic or keyword;

  • Use the online Internal Revenue Code, regulations, or other official guidance;

  • View Internal Revenue Bulletins (IRBs) published in the last few years; and

  • Sign up to receive local and national tax news by email.

DVD for tax products.   You can order Pub. 1796, IRS Tax Products DVD, and obtain:

  • Current-year forms, instructions, and publications.

  • Prior-year forms, instructions, and publications.

  • Tax Map: an electronic research tool and finding aid.

  • Tax law frequently asked questions.

  • Tax Topics from the IRS telephone response system.

  • Internal Revenue Code—Title 26 of the U.S. Code.

  • Links to other Internet based Tax Research Materials.

  • Fill-in, print, and save features for most tax forms.

  • Internal Revenue Bulletins.

  • Toll-free and email technical support.

  • Two releases during the year. 
    – The first release will ship early in January. 
    – The final release will ship early in March.

  Purchase the DVD from National Technical Information Service (NTIS) at www.irs.gov/cdorders for $30 (no handling fee) or call 1-877-233-6767 toll free to purchase the DVD for $30 (plus a $6 handling fee).

By phone and in person.   You can order forms and publications by calling 1-800-TAX-FORM (1-800-829-3676). You can also get most forms and publications at your local IRS office.

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