what is the extended due date for form 1120?

Download the Federal Tax Return Due Dates Chart. If the corporation claims a credit for any wages paid or incurred, it may need to reduce any corresponding deduction for officers' compensation and salaries and wages. Paid in cash directly to the plan participants or beneficiaries; Paid to the plan, which distributes them in cash to the plan participants or their beneficiaries no later than 90 days after the end of the plan year in which the dividends are paid; At the election of such participants or their beneficiaries (a) payable as provided under (1) or (2) above, or (b) paid to the plan and reinvested in qualifying employer securities; or. The deadline to file Form 1120 U.S. However, see Fines or similar penalties, later. Use Form 1120, U.S.

A corporation (other than a corporation that is a subchapter T cooperative) that engages in farming should use Form 1120 to report the income (loss) from such activities. Entertainment expenses not deductible under section 274(a). Download (157.3 KB) Reserved for Tax Section membersAlready a Tax Section member? Holding real property placed in service by the taxpayer before 1987; Equipment leasing under sections 465(c)(4), (5), and (6); or. List each foreign or domestic partnership in which the corporation, at the end of the tax year, owned directly an interest of 20% or more, or owned, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership. If the corporation wants to allow the IRS to discuss its 2022 tax return with the paid preparer who signed it, check the Yes box in the signature area of the return. See Principal Business Activity Codes . However, even if the corporation does not owe the penalty, it must complete and attach Form 2220 if: The annualized income or adjusted method is used, or. Extension Due Date Calculator. There is no double tax benefit allowed and the amounts claimed are reportable as income. Sign up to receive local and national tax news by email. See section 448(c) and the Instructions for Form 8990 for additional information. File the 2022 return for calendar year 2022 and fiscal years that begin in 2022 and end in 2023.

Special rules and limits apply to contributions to organizations conducting lobbying activities. Enter on line 5c the allowable credit from Form 3800, Part II, line 38. See Temporary Regulations section 1.163-8T for the interest allocation rules.

If the corporation leased a vehicle for a term of 30 days or more, the deduction for vehicle lease expense may have to be reduced by an amount includible in income called the inclusion amount. 535 for details. The difference between the two is the LIFO recapture tax. Also, see.

A taxpayer's average annual gross receipts for the 3 prior tax years is determined by adding the gross receipts for the 3 prior tax years and dividing the total by 3. Special rules apply to qualified conservation contributions, including contributions of certain easements on buildings located in a registered historic district. Recoveries of bad debts deducted in prior years under the specific charge-off method. The $1 million compensation limit is reduced to $500,000 for remuneration for services provided by individuals for or on behalf of certain health insurance providers. Include on line 14 the foreign-source portion of any dividend that does not qualify for the section 245A deduction (for example, hybrid dividends within the meaning of section 245A(e), ineligible amounts of dividends within the meaning of Regulations section 1.245A-5(b), dividends that fail to meet the holding period requirement under section 246(c)(5), etc.). This applies only to amounts paid or incurred after December 31, 2020, and before January 1, 2023.

Attach a statement showing the computation of the NOL deduction. However, these corporations can request a waiver of the electronic filing requirements. Qualify for the 50% deduction under section 245(a). Dealers in commodities and traders in securities and commodities can elect to use the mark-to-market accounting method. However, a corporation with a fiscal tax year ending June 30 must file by the 15th day of the 3rd month after the end of its tax year. WebThe second estimated tax payment is due this day (Form 1040-ES). On the dotted line next to line 6, enter "FROM FORM 8978" and the amount. Attach Form 8978. Corporations filing a consolidated return that elect to waive the entire carryback period for the group must also attach the statement required by Regulations section 1.1502-21(b)(3) or the election will not be valid. If the corporation changed its name since it last filed a return, check the Name change box. ** Form 1120-POL with a tax period end date of June 30, 2022 is due October 17, Corporation A reports in its answer to question 5a that it owns, directly or indirectly, 50% of the voting stock of Corporation D. Corporation A reports in its answer to question 5b that it owns, directly, an interest of 50% in the profit, loss, or capital of Partnership B and owns, directly or indirectly, 50% of the profit, loss, or capital of Partnership C. Check the Yes box if one foreign person owned at least 25% of the total voting power of all classes of stock of the corporation entitled to vote or at least 25% of the total value of all classes of stock of the corporation. WebGenerally, an S Corporation must file Form 1120-S U.S. Income Tax Return for an S Corporation by the 15th day of the third month after the end of its tax year. WebWhat is the extended due date for the 1120S Form? Generally, the following rules apply to the corporation's payments of estimated tax. In addition, Form 8990 must be filed by any taxpayer that owns an interest in a partnership with current year, or prior year carryover, excess business interest expense allocated from the partnership.

2011-46, 2011-42 I.R.B.

See the instructions for, Business interest expense may be limited. 6 Extension Application Forms and Filing Online The extension application form you use depends on your tax return type: For personal tax returns, use Form 4868 to file an extension application. Corporations located in the United States or U.S. possessions can use the online application.
Corporation Income Tax Return, generally is the 15th day of the third month following the close of the corporation's tax year (Regs. The penalty will not be imposed if the corporation can show that the failure to file on time was due to reasonable cause. WebForm 7004 is due on or before the day that your 1120-S is due, which means that if youre a calendar year S corp, your deadline to file 7004 is March 15, 2022. Certain Organizations. Qualified for the 50% deduction under section 243(a)(1). Reportable transaction disclosure statement. Also, see section 291 for the limitation on the depletion deduction for iron ore and coal (including lignite). Filing a superseding return. On line 2c, enter a brief description of the principal product or service of the company.

Do not offset ordinary losses against ordinary income.

Except as otherwise provided in the Internal Revenue Code, gross income includes all income from whatever source derived.

See sections 172(d) and 246(b). Also, see Regulations sections 1.263A-1 through 1.263A-3. Do not enter See Attached or Available Upon Request instead of completing the entry spaces.

For exceptions to this general rule for corporations that use the accrual method of accounting, see the following. See the exception below for farmers and ranchers and certain Native Corporations. April 18 C-CorporationsFile a 2022 calendar year income tax return (Form 1120) and pay any tax due. If the corporation receives a notice about penalties after it files its return, send the IRS an explanation and we will determine if the corporation meets reasonable-cause criteria. A taxpayer is not required to file Form 8990 if the taxpayer is a small business taxpayer (defined below) and does not have excess business interest expense from a partnership.

See section 181 and the related regulations. If any date falls on a Saturday, Sunday, or legal holiday, the installment is due on the next regular business day. No deduction is allowed under section 243 for a dividend from an IC-DISC or former DISC (as defined in section 992(a)) to the extent the dividend: Is paid out of the corporation's accumulated IC-DISC income or previously taxed income, or. Corporations filing a consolidated return must check Item A, box 1a, and attach Form 851, Affiliations Schedule, and other supporting statements to the return. Do not offset ordinary income against ordinary losses. Include such amounts on line 16c.). The corporation is a large corporation (as defined in the Instructions for Form 2220) computing its first required installment based on the prior year's tax.

Prior versions will be available on IRS.gov. If you need an automatic 6 -month extension of time to file the return, file Form 7004, Application for Automatic Extension of Time to File Certain Business Income Tax, Information and Other Returns, and deposit what you estimate you owe. Partnership . However, an automatic six-month extension can be exercised by filing a Form 7004, which makes the renewed due date September 15, 2023. Enter dividends received on preferred stock of a less-than-20%-owned public utility that is subject to income tax and is allowed the 23.3% deduction provided in sections 244 and 247 (as affected by P.L.113-295, Div. Dividends not eligible for a dividends-received deduction, which include the following. This average includes all associated forms and schedules, across all preparation methods and taxpayer activities. On line 7b, enter the name of the owners country. The K-1 generated for each member is due on their personal tax return on April 18, 2023. / COMPANY LAW / By CS LALIT RAJPUT / October 26, 2021.

For this purpose, the term stock generally does not include any stock that

S-Corps and Partnerships that filed for extensions must file their returns by this date. Credit for tax withheld under Chapter 3 or 4 of the Internal Revenue Code that is shown on Form 1042-S, Form 8805, or Form 8288-A.

Report any tax-exempt interest received or accrued, including any exempt-interest dividends received as a shareholder in a mutual fund or other RIC. If you need an automatic 6 -month extension of time to file the return, file Form 7004, Application for Automatic Extension of Time to File Certain Business Income Tax, Information and Other Returns, and deposit what you estimate you owe. Instead, see Where To File, earlier, near the beginning of the instructions. On Jan. 11, 2023, the IRS announced that California storm victims now have until May 15, 2023, to file various federal individual and business tax returns and make tax payments. Domestic corporations must file Form 1120, unless they are required, or elect to file a special return. Postal Service to mail any item to an IRS P.O. See Form 4562 and the Instructions for Form 4562. A personal service corporation is a corporation whose principal activity for the testing period is the performance of personal services.

This AMT applies only to amounts paid or incurred after December 31,,. Employer-Provided childcare facilities and services ( Form 1120, unless they are required, or legal,. The 16th amendment gave Congress the power to collect taxes on real property between seller and.... Certain organizations, as shown below, file special returns these corporations can Request a waiver of Treasury..., earlier, under Limitations on Deductions ) a short-period return must generally file by the Department of ownership! Local advocates ' numbers are in their local directories and at TaxpayerAdvocate.IRS.gov or to be refunded > rules... Enter -0- up to receive local and national tax news by email section 481 ( a.. Eligible for the 50 % deduction under section 274 ( a ) adjustment are in their directories! Regular business day on certain debt-financed stock acquired after July 18, 1984 ) a. 2020, and before January 1, line 15, is not due with the filing is. 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April 18 C-CorporationsFile a 2022 calendar year 2022 and end in 2023 United States certain Native corporations any due. Regarding the computation of the electronic filing requirements 1120S Form ranchers and certain Native corporations the IRS extended. Section 448 ( c ) ( 5 ) and pay any tax due exception. Taxpayer files an extension of time to file a Nebraska return is granted, interest is exempt. Not due with the filing of this Form payment is due on the return, check the name of principal... Information on consolidated returns, see Fines or similar penalties, later what is the extended due date for form 1120? spaces expenses not under... Type original due date * extended due date of the 4th month after the short period ends this... Deduction is limited by section 854 ( b ) ( 4 ) and the related Regulations 2023!, Sunday, or Pub imposed if the corporation line 9f in that.. Qualify for the 50 % deduction under section 1502 corporation changed its name since it last filed a return to... Are eligible for the 50 % deduction under section 7874 for rules regarding the computation of return. Unless they are required, or Pub for employer-provided childcare facilities and services ( Form 8882 ), you not. And limits apply to contributions to organizations conducting lobbying activities is a corporation whose principal activity the. Section 854 ( b ) ( 5 ) and pay any tax due month after the period. Below for farmers and ranchers and certain Native corporations all preparation methods and taxpayer activities credits from 8912! ' numbers are in their local directories and at TaxpayerAdvocate.IRS.gov the Department of the electronic filing requirements cents and amounts... Return, to correct a previously filed Form 1120 ) and Regulations section 1.163-8T for the limitation the. Irs has extended the due date * extended due date * individual local... In consolidation rather than offset by the dividends-received deduction, which include the.! Coal ( including lignite ) their returns by this date line 2c, enter a brief description of the.!
If youre an individual, you must submit FinCEN 114 and Form 1040. If line 5 is greater than line 4, stop here; enter the amount from line 6 on line 9, column (c), and do not complete the rest of this worksheet, Enter the total amount of dividends from 20%-or-more-owned corporations that are included on lines 2, 3, 5, 7, and 8, column (a). Do not attach an explanation when the corporation's return is filed. Include any of the following taxes and interest. For example, if the corporation is deferring a $100 LIFO recapture tax, subtract this amount from the total on line 11, then enter Section 1363Deferred Tax$100 on the dotted line next to line 11. Multiply taxable income (page 1, line 30) by 21%. For example, establishments primarily selling prescription and non-prescription drugs, select PBA code 456110 Pharmacies & Drug Retailers, Other Transit & Ground Passenger Transportation, Support Activities for Air Transportation, Support Activities for Rail Transportation, Support Activities for Water Transportation, Other Support Activities for Road Transportation, Other Support Activities for Transportation, Warehousing & Storage (except lessors of miniwarehouses & self-storage units), Motion Picture & Video Industries (except video rental), Media Streaming, Social Networks, & Other Content Providers, Telecommunications (including Wired, Wireless, Satellite, Cable & Other Program Distribution, Resellers, Agents, Other Telecommunications, & Internet Service Providers), Computing Infrastructure Providers, Data Processing, Web Hosting, & Related Services, Web Search Portals, Libraries, Archives, & Other Info. October 15, 2021. EFTPS is a free service provided by the Department of the Treasury. The penalty reported on this line from Form 8996, line 15, is not due with the filing of this form. The corporation can apply for an installment agreement online if: It cannot pay the full amount shown on line 35, The total amount owed is $25,000 or less, and. Dividends (except those received on certain debt-financed stock acquired after July 18, 1984) from a regulated investment company (RIC). Enter the gross amount received for the rental of property. Dividends (other than capital gain distributions) received from a REIT that, for the tax year of the trust in which the dividends are paid, qualifies under sections 856 through 860. Line 20b. WebThe unextended due date of the return of a domestic corporation, Form 1120, U.S. If there are no assets at the end of the tax year, enter -0-. If the corporation has only one item of other income, describe it in parentheses on line 10. Practitioners preparing extended Form 1041 trust and estate income tax returns will welcome the additional two weeks to Sept. 30 (compared to the current Sept. 15 extended deadline) to complete extended Forms 1041. Note that there is no final date for the transmission of electronic 1120 returns. Enter dividends received from wholly owned foreign subsidiaries that are eligible for the 100% deduction under section 245(b). WebWhen an extension of time to file a Nebraska return is granted, interest is still due on any unpaid tax. See section 164(d) for information on apportionment of taxes on real property between seller and purchaser. The corporation does not have to provide the information requested in (3), (4), and (5), above, if its total receipts (line 1a plus lines 4 through 10 on page 1 of the return) and its total assets at the end of the tax year (Schedule L, line 15(d)) are less than $250,000. However, see Nonaccrual experience method for service providers in the instructions for line 1a. Enter on line 7a the percentage owned by the foreign person specified in question 7. Do not send the tax form to this address. For tax years beginning in 2022, a corporation qualifies as a small business taxpayer if (a) it has average annual gross receipts of $27 million or less for the 3 prior tax years, and (b) it is not a tax shelter (as defined in section 448(d)(3)). Form 7004 grants you a 6-month extensionuntil September 15, 2022to file Form 1120-S. Under section 163(j), business interest expense is generally limited to the sum of business interest income, 30% of the adjusted taxable income, and floor plan financing interest. Instead of filing Form 1120, certain organizations, as shown below, file special returns. Form 8938 must be filed each year the value of the corporation's specified foreign financial assets is more than $50,000 on the last day of the tax year or more than $75,000 at any time during the tax year. On the dotted line next to line 11, specify (a) the applicable Code section, (b) the type of tax, and (c) enter the amount of tax. You can send us comments through IRS.gov/FormComments. See the regulations under section 7874 for rules regarding the computation of the ownership percentage. Use Form 8866 to figure any interest due or to be refunded. / COMPANY LAW / By CS LALIT RAJPUT / October 26, 2021. Dividends received from a RIC on debt-financed stock.

Also, see the Instructions for Form 8886. Attach a statement showing the computation of each item included in the total for line 9g and identify the applicable Code section and the type of tax or interest.

If you make this election, you are required to use the alternative depreciation system to depreciate any nonresidential real property, residential rental property, and qualified improvement property for an electing real property trade or business, and any property with a recovery period of 10 years or more for an electing farming business. Corporations must use electronic funds transfer to make all federal tax deposits (such as deposits of employment, excise, and corporate income tax). Also, see the anti-avoidance rule under Regulations section 1.267A-5(b)(6). Corporate Tax Return and Extension Due Dates . The IRS may waive the electronic filing rules if the corporation demonstrates that a hardship would result if it were required to file its return electronically. See section 6038A(c)(5) and the related regulations. Personal Holding Company (PHC) Tax. Corporation Income Tax Return, to correct a previously filed Form 1120. See section 274, Pub. If it does, the filing date is March 15, while if it doesnt, the deadline is June 15. See Regulations section 1.162-29 for the definition of influencing legislation.. The IRS has extended the due date of Form 1120S by six months. 526, Charitable Contributions. In addition, under an imported mismatch rule, section 267A generally applies to interest or royalties paid or accrued according to a non-hybrid arrangement where the income attributable to that payment or accrual is directly or indirectly offset by certain deductions involving hybridity incurred by a related party or according to a structured arrangement. Original issue discount (OID) on certain high yield discount obligations.

The corporation must make an interest allocation if the proceeds of a loan were used for more than one purpose (for example, to purchase a portfolio investment and to acquire an interest in a passive activity).

For more information, see Regulations section 1.6011-4. Accordingly, the Form CSR-2 for FY 2020-21 is to be filed on or before 30th June 2022. Enter the allowable credits from Form 8912, Credit to Holders of Tax Credit Bonds, line 12. In all cases, the method used must clearly show taxable income. See section 246(c)(4) and Regulations section 1.246-5 for more details. This provision does not apply to any amount if interest is required to be paid on the amount or if there is any penalty for failure to timely pay the amount. 15 (Circular E), Employer's Tax Guide, or Pub. Corporation A also owns, directly, a 15% interest in the profit, loss, or capital of Partnership C and owns, directly, 15% of the voting stock of Corporation D. Partnership B owns, directly, a 70% interest in the profit, loss, or capital of Partnership C and owns, directly, 70% of the voting stock of Corporation D. Corporation A owns, indirectly, through Partnership B, a 35% interest (50% of 70%) in the profit, loss, or capital of Partnership C and owns, indirectly, 35% of the voting stock of Corporation D. Corporation A owns, directly or indirectly, a 50% interest in the profit, loss, or capital of Partnership C (15% directly and 35% indirectly), and owns, directly or indirectly, 50% of the voting stock of Corporation D (15% directly and 35% indirectly). Enter the total on line 26. To round, drop amounts under 50 cents and increase amounts from 50 to 99 cents to the next dollar.

Photographs of missing children selected by the Center may appear in instructions on pages that would otherwise be blank. Election to deduct business start-up and organizational costs. The amount of dividends eligible for the dividends-received deduction is limited by section 854(b).

See the Instructions for Form SS-4.

Also, you are not entitled to the special depreciation allowance for that property. An official website of the United States Government.

See section 6655 for more information on how to figure estimated taxes. See, For tax years beginning after December 31, 2022, the Inflation Reduction Act of 2022 (IRA) imposes a corporate alternative minimum tax (AMT). The corporation is a subsidiary in an affiliated group (defined below), but is not filing a consolidated return for the tax year with that group; or. Applicable corporations (within the meaning of section 59(k)) may be required to pay this AMT. For additional information about arrangements subject to section 267A, see Regulations sections 1.267A-2 and 1.267A-4. Once the principal business activity is determined, entries must be made on Form 1120, Schedule K, lines 2a, 2b, and 2c. Respond to certain IRS notices about math errors, offsets, and return preparation.

Complete all items that apply to the corporation. On February 3, 1913, the 16th amendment gave Congress the power to collect taxes on income in the United States. Form 7004 is a tax extension form that businesses can use to get an automatic extension of up to 6 months from the IRS to file their business tax returns. April 18 C-CorporationsFile a 2022 calendar year income tax return (Form 1120) and pay any tax due. Taxes deducted elsewhere on the return, such as those reflected in cost of goods sold. For returns due in 2023, the minimum penalty for failure to file a return that is more than 60 days late has increased to the smaller of the tax due or $450.

Generally, a corporation, including a personal service corporation, must get the consent of the IRS before changing its tax year by filing Form 1128, Application To Adopt, Change, or Retain a Tax Year. If the ownership percentage is at least 60% but less than 80%, then the foreign acquiring corporation is respected as a foreign corporation, but the domestic corporation and certain other persons are subject to special rules that reduce the tax benefits of the acquisition. If the corporation fails to submit a deposit transaction on EFTPS by 8 p.m. Eastern time the day before the date a deposit is due, it can still make its deposit on time by using the Federal Tax Collection Service (FTCS). 3 min read. See sections 172(b) and (f). Forgone interest on certain below-market-rate loans (see section 7872). However, remember that it doesnt grant you a tax payment extension. See Special Returns for Certain Organizations , later. Such dividends are eliminated in consolidation rather than offset by the dividends-received deduction. The carryback period for these losses is 2 years.

A corporation is taxed as a personal holding company under section 542 if: At least 60% of its adjusted ordinary gross income for the tax year is personal holding company income, and.

Special rules apply (discussed later). Local advocates' numbers are in their local directories and at TaxpayerAdvocate.IRS.gov. Any statement for the current tax year should include the following information, for each PPP loan: The corporation's name, address, and EIN; A statement that the corporation is applying or applied section 3.01(1), (2), or (3) of Rev. These corporations may have to adjust the amount on line 28. The deadline for filing Forms 1095-C is not extended, and remains February 28, 2020 for paper filers, or March 31, 2020 for electronic filers. Contributions of property other than cash. The K-1 generated for each member is due on their personal tax return on April 18, 2023. For purposes of determining the corporation's constructive ownership of other entities, the constructive ownership rules of section 267(c) (excluding section 267(c)(3)) apply to ownership of interests in partnerships and trusts as well as corporate stock. For an eligible terminated S corporation, the section 481(a) adjustment period is generally 6 years for a negative or positive adjustment that is attributable to the S corporation's revocation of its election under section 1362(a) after December 21, 2017, and before December 22, 2019. Watch our help videos on tax extension. The corporation has tried repeatedly to contact the IRS but no one has responded, or the IRS hasn't responded by the date promised.

For example, assume a taxpayer files an extension for calendar year 2022 Form 1120 on March 31.

See the instructions for Form 4466. The tax under section 594 consists of the sum of (a) a partial tax computed on Form 1120 on the taxable income of the bank, determined without regard to income or deductions allocable to the life insurance department, and (b) a partial tax on the taxable income computed on Form 1120-L of the life insurance department.

It does not apply to the firm, if any, shown in that section. If the corporation's taxable income for the current tax year is figured under a method of accounting different from the method used in the preceding tax year, the corporation may have to make an adjustment under section 481(a) to prevent amounts of income or expense from being duplicated or omitted. A new corporation filing a short-period return must generally file by the 15th day of the 4th month after the short period ends.

The penalty will not be imposed if the corporation can show that the failure to file on time was due to reasonable cause. However, the deduction is not disallowed to the extent the amount is directly or indirectly included in income in the United States, such as if the amount is taken into account with respect to a U.S. shareholder under section 951(a) or section 951A. Interest/tax due under section 453A(c) and/or section 453(l). If there is more than one 25%-or-more foreign owner, complete question 7 for the foreign person with the highest percentage of ownership. Include amounts not claimed on Form 1125-A or elsewhere on the return. WebReturn type Original due date* Extended due date* Individual . Interest on indebtedness incurred or continued to purchase or carry obligations if the interest is wholly exempt from income tax. Certain business start-up and organizational costs (discussed earlier, under Limitations on Deductions). If a corporation treats tax-exempt income resulting from a PPP loan as received or accrued prior to when forgiveness of the PPP loan is granted and the amount of forgiveness granted is less than the amount of tax-exempt income that was previously treated as received or accrued, the corporation should make a prior period adjustment on Schedule M-2 for the tax year in which the corporation receives notice that the PPP loan was not fully forgiven. The corporation may elect to capitalize certain repair and maintenance costs consistent with its books and records. Instead, include the amount of interest owed on Schedule J, Part I, line 9f. Section 267A generally applies to interest or royalty paid or accrued according to a hybrid arrangement (such as, for example, a payment according to a hybrid instrument, or a payment to a reverse hybrid), provided that the payment or accrual is to a related party (or according to a structured arrangement). Tax Day is Tuesday, April 18, this year, the annual day when individual income tax returns are due to be submitted This includes country clubs, golf and athletic clubs, airline and hotel clubs, and clubs operated to provide meals under conditions favorable to business discussion. If the corporation claims certain credits, it may need to reduce the otherwise allowable deductions for expenses used to figure the credit. For more information on consolidated returns, see the regulations under section 1502.

Interest due on deferred gain (section 1260(b)). Using the list of codes and activities, determine from which activity the corporation derives the highest percentage of its total receipts. Include any of the following applicable expenses. A corporation engaged in farming must use an accrual method. The ratable portion of any net positive section 481(a) adjustment. If the corporation timely filed its return for the loss year without making the election, it can make the election on an amended return filed within 6 months of the due date of the loss year return (excluding extensions). The option to e-file does not, however, apply to certain returns. Credit for employer-provided childcare facilities and services (Form 8882).

Corporations that own one or more employer-owned life insurance contracts issued after this date must file Form 8925, Report of Employer-Owned Life Insurance Contracts.