Other Items Related to Schedule UTP (Form 1120)
Frequently Asked Questions on Schedule UTP
As described in Announcement 2010-76, certain corporations will be required to support their uncertain tax positions (UTPs) starting with 2010 tax years. This FAQ provides important additional information and is linked to Article 221533.
Uncertain Tax Positions - Schedule UTP
IRS finalized Schedule UTP & instructions for reporting uncertain tax positions by certain corporations.
Form 1120, U.S. Corporation Income Tax Return
Use Form 1120, U.S. Corporation Income Tax Return, to report the income, gains, losses, deductions, credits, and to figure the income tax liability of a corporation.
Form 1120-F, U.S. Income Tax Return of a Foreign Corporation
A foreign corporation files this form to report their income, gains, losses, deductions, credits, and to figure their U.S. income tax liability. Also, use this form to claim any refund that is due, to transmit Form 8833, Treaty-Based Return Position Disclosure Under Section 6114 or 7701(b), or to calculate and pay a foreign corporation's branch profits tax liability and tax on excess interest, if any, under section 884.
Form 1120-L, U.S. Life Insurance Company Income Tax Return
Use Form 1120-L, U.S. Life Insurance Company Income Tax Return, to report the income, gains, losses, deductions, credits, and to figure the income tax liability of life insurance companies.
Form 1120-PC, U.S. Property and Casualty Insurance Company Income Tax Return
Use Form 1120-PC to report the income, gains, losses, deductions, credits, and to figure the income tax liability of insurance companies, other than life insurance companies.
