Electronic Filing

RICs can generally electronically file (e-file) Form 1120-RIC, related forms, schedules, and attachments; Form 7004 (automatic extension of time to file); and Forms 940, 941, and 944 (employment tax returns). If there is a balance due, the RIC can authorize an electronic funds withdrawal while e-filing. Form 1099 and other information returns can also be electronically filed. The option to e-file does not, however, apply to certain returns.

RICs are required to e-file Form 1120-RIC if the RIC files 10 or more returns of any type during the calendar year (including income tax, employment tax, excise tax, and information returns). See Regulations section 301.6011-5. However, these RICs can request a waiver of the electronic filing requirements.

For more information on e-filing, see E-file for business and self-employed taxpayers on IRS.gov.