IRS Form 1120-ND Return for Nuclear Decommissioning Funds and Certain Related Persons

IRS Form 1120-ND Return for Nuclear Decommissioning Funds and Certain Related Persons

What Is IRS Form 1120-ND?

IRS Form 1120-ND, Return for Nuclear Decommissioning Funds and Certain Related Persons, is a form filed with the Internal Revenue Service (IRS) by nuclear decommissioning funds in order to report their income earned, contributions received, the administrative expenses of fund operation, tax on modified gross income, and Section 4951 initial taxes.

Form 1120-ND was revised on October 1, 2013. Individuals may use the latest fillable Form 1120-ND available for download below.

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IRS Form 1120-ND Instructions

Detailed information is provided in the IRS-distributed instructions for Form 1120-ND. The form must be dated and signed by an authorized trustee. The return of any person who engaged in any self-dealing act must be signed either by that person or the person authorized to sign on their behalf. Generally, anyone who gets paid to prepare the return is required to sign it and fill in the "Paid Preparer Use Only" section.

In general, this income tax return must be filed by the 15th day of the 4th month after the end of the fund's tax year. If the fund's fiscal year ends in June, then the due date is the 15th day of the 3rd month after the end of the tax year. If the due date falls on a weekend, or a legal holiday, the fund's income tax return is due on the next business day.

If a fund does not meet the 1120-ND filing deadline, including extensions, a penalty of 5% of the unpaid tax for each month or day the return is late, and up to a maximum of 25%, shall apply. The minimum penalty for a return late for 60 (or over 60) days is the tax due or $210, whichever is smaller. If the fund can demonstrate that failure to file on time was due to reasonable cause, the penalty will not be imposed.

For funds whose principal office is located in the United States, the applicable IRS address where to file the return is the Department of the Treasury, Internal Revenue Service Center, Ogden, UT 84201-0012. The funds located in a foreign country must send this form to the Internal Revenue Service Center, P.O. Box 409101, Ogden, UT 84409.


IRS 1120-ND Related Forms:

Download IRS Form 1120-ND Return for Nuclear Decommissioning Funds and Certain Related Persons

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