1120-RIC

U.S. Income Tax Return for Regulated Investment Companies

Agency
IRS
Revision
2025
Fillable fields
325
Pages
4
Official source
IRS form page
Checked
October 21, 2026
Fill 1120-RIC online
Page 1 of form 1120-RIC

Form 1120-RIC: U.S. Income Tax Return for Regulated Investment Companies

Form 1120-RIC is the U.S. income tax return for regulated investment companies. The IRS says regulated investment companies (RIC) file this form to report their income, gains, losses, deductions, credits, and to figure their income tax liability. This page covers the 2025 form, which the instructions say is filed for calendar year 2025 and fiscal years that begin in 2025 and end in 2026.

The instructions say a domestic corporation that meets certain conditions files Form 1120-RIC if it elects to be treated as a RIC for the tax year, and that the election is made by computing taxable income as a RIC on this form. The return is four pages: investment company taxable income, tax and payments, the tax on undistributed net capital gain, and Schedules A, B, J, K, L, M-1 and M-2.

The return is signed by a corporate officer. You can fill out Form 1120-RIC free in your browser on this page and download the result without an account.

What's on Form 1120-RIC

Header, items A to F

The year of RIC status election, the date the fund was established, the EIN, total assets, return type boxes and a personal holding company check box.

Part I: Investment Company Taxable Income

Income on lines 1 to 8, deductions on lines 9 to 23, the deduction for dividends paid on line 25 and investment company taxable income on line 26.

Tax and Payments, lines 27 to 33

Total tax, estimated tax payments, credits such as the Form 2439 credit, the estimated tax penalty, the amount owed or overpaid and direct deposit fields.

Part II: undistributed net capital gain

Tax on undistributed net capital gain not designated under section 852(b)(3)(D). The form multiplies line 3 by 21% (0.21) and carries the tax to Schedule J, line 1b.

Schedules A, B, J and K

Schedule A figures the deduction for dividends paid, Schedule B covers income from tax-exempt obligations, Schedule J computes the tax and Schedule K asks other information questions.

Schedules L, M-1 and M-2

The balance sheets per books, the reconciliation of book income with income per return, and the analysis of unappropriated retained earnings.

How to fill out Form 1120-RIC

  1. 1

    Name, address and EIN

    The instructions say to enter the RIC's true name as set forth in its charter, the address of its principal office or place of business and the EIN, not the registered agent's address.

  2. 2

    Income and deductions

    Report dividends, interest and other income on lines 1 to 7, then the fund's deductions, such as advisory fees and custodian fees, on lines 9 to 22.

  3. 3

    Schedule A and line 26

    Complete Schedule A for ordinary and capital gain dividends paid. Line 8a goes to Part I, line 25a, and line 26 shows investment company taxable income.

  4. 4

    Part II and Schedule J

    Figure any tax on undistributed net capital gain in Part II, then complete Schedule J. Schedule J, line 9, is the total tax entered on line 27.

  5. 5

    Payments and refund

    Enter payments and credits on lines 28a to 28z. For an overpayment, line 33 splits it between 2026 estimated tax and a refund, with direct deposit details on lines 33c to 33e.

  6. 6

    Schedule K, balance sheets and signature

    Answer the Schedule K questions, complete Schedules L, M-1 and M-2, and have an authorized officer sign. The form notes M-1 and M-2 are not required when Schedule L, line 13, column (d) is less than $25,000.

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Deadlines, where to file and signatures

Due date

The instructions say generally by the 15th day of the 4th month after the end of the tax year. A RIC with a fiscal tax year ending June 30 files by the 15th day of the 3rd month after the end of its tax year.

Extension

The instructions say to file Form 7004 to request an extension of time to file, generally by the regular due date of the return.

Where to file

The address depends on the state of the principal business, office or agency and on total assets: Kansas City, MO 64999-0012 or Ogden, UT 84201-0012, per the chart in the instructions.

Electronic filing

The instructions say RICs will be able to file electronically beginning in mid-February 2026. The About page lists a notice of no penalty for not electronically filing Form 1120-RIC for 2025, dated 20-FEB-2026.

Who signs

The president, vice president, treasurer, assistant treasurer, chief accounting officer or any other corporate officer authorized to sign. A receiver, trustee or assignee signs instead when filing for the RIC.

Late filing

The instructions list a penalty of 5% of the unpaid tax for each month or part of a month late, up to 25%. For a return required to be filed in 2026 that is over 60 days late, the minimum is the smaller of the tax due or $525.

Related forms

Who files Form 1120-RIC?

  • Registered investment companies

    A domestic corporation registered throughout the tax year as a management company or unit investment trust under the Investment Company Act of 1940.

  • Business development companies

    A domestic corporation with an election in effect under the Investment Company Act of 1940 to be treated as a business development company.

  • Certain common trust funds

    A common trust fund or similar fund that is neither an investment company under section 3(c)(3) of the ICA nor a common trust fund as defined under section 584(a).

  • Series funds

    Schedule K, question 9, asks for the name of the RIC in which the fund is a series. The instructions say any officer authorized to sign for that corporation may sign the series fund's return.

  • Qualified opportunity funds

    The instructions say a RIC that intends to self-certify as a qualified opportunity fund files Form 1120-RIC and attaches Form 8996, even with no income or expenses to report.

Form 1120-RIC is filed by investment funds organized as domestic corporations, not by individual investors. The instructions say the term regulated investment company applies to any domestic corporation that falls into one of the groups below and also meets the income, asset, distribution and earnings and profits rules they describe.

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Questions about Form 1120-RIC

Who files Form 1120-RIC?

The instructions say a domestic corporation that meets certain conditions files it if it elects to be treated as a RIC for the tax year, or made the election for a prior year that has not been terminated or revoked.

How is the RIC election made?

The instructions say the election is made by computing taxable income as a RIC on Form 1120-RIC.

Which tax years does the 2025 form cover?

The instructions say the 2025 return is filed for calendar year 2025 and fiscal years that begin in 2025 and end in 2026, with limited use for a short 2026 tax year if the 2026 form is not yet available.

Can Form 1120-RIC be filed electronically?

The instructions say RICs will be able to e-file beginning in mid-February 2026, and that a RIC filing 10 or more returns of any type during the calendar year is required to e-file unless it gets a waiver.

What other forms does a RIC often file?

The instructions list, among others, Form 2438 when undistributed long-term capital gains are designated, Form 2439 for shareholders, Form 8613 for the excise tax on undistributed income and Form 1099-DIV.

What happens if the distribution requirements are not met?

The instructions say a RIC that does not satisfy the distribution requirements will be subject to taxation as a C corporation.