Instructions for  
Form 1120-PC - Introductory Material

Future Developments

For the latest information about developments related to Form 1120-PC and its instructions, such as legislation enacted after they were published, go to

What's New

Deduction for compensation paid by health insurance providers.    Section 162(m)(6) limits the allowable deduction for remuneration for services provided by individuals for or on behalf of certain health insurance providers. See Limitation on tax benefits for remuneration under the Patient Protection and Affordable Care Act under Limitations on Deductions, later.


Patient-centered outcomes research fee.   The Affordable Care Act (Public Law 111-148, amended by Public Law 111-152) (the “Act”) imposes fees on issuers of certain health insurance policies and plan sponsors of certain self-insured health plans to help fund the Patient- Centered Outcomes Research Institute. The fees, reported on Form 720 and paid annually, are based on the average number of lives covered under the policy or plan. The fees apply to certain health insurance policies and certain self-insured health plans with policy or plan years ending on or after October 1, 2012, and before October 1, 2019.

  You can find more information about Act provisions, including links to published guidance, at

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 corporation can contact the TAS as follows.

  • Call the TAS toll-free line at 1-877-777-4778 to see if the corporation is eligible for assistance. People who are deaf, hard of hearing, or have a speech disability and who have access to TTY/TDD equipment can call 1-800-829-4059. Deaf or hard-of-hearing individuals can also contact the IRS through relay services such as the Federal Relay Service available at

  • Call or write the corporation'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 (And Application for Taxpayer Assistance Order), or ask an IRS employee to complete it on the corporation's behalf.

For more information, go to

How To Get Forms and Publications

Internet.   You can access the IRS website 24 hours a day, 7 days a week, at to:
  • Download forms, instructions, and publications;

  • Order IRS products online;

  • Research your tax questions online;

  • Search publications online by topic or keyword;

  • View Internal Revenue Bulletins (IRBs) published in recent years; and

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

By phone and in person.   You can order current year and prior year 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.

IRS E-Services Make Taxes Easier

Now more than ever before, businesses can enjoy the benefits of filing and paying their federal taxes electronically. Whether you rely on a tax professional or handle your own taxes, the IRS offers you convenient programs to make taxes easier.

  • You can e-file your Form 7004, Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns, Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return, Form 941, Employer's QUARTERLY Federal Tax Return, Form 1099-MISC, Miscellaneous Income, and other information returns. Visit for details.

  • You can pay taxes online or by phone using the free Electronic Federal Tax Payment System (EFTPS). Visit or call 1-800-555-4477 for details.

Use these electronic options to make filing and paying taxes easier.

More Online Instructions