INSTRUCTIONS: U.S. LIFE INSURANCE COMPANY INCOME TAX RETURN (Form 1120-L)

Life insurance companies use a form 1120-L in order to file their federal income tax return. This document can be found on the website of the Internal Revenue Service.

U.S. Life Insurance Company Income Tax Return 1120-L Step 1: Check all applicable statements in box A.

U.S. Life Insurance Company Income Tax Return 1120-L Step 2: Enter your company name and address where indicated.

U.S. Life Insurance Company Income Tax Return 1120-L Step 3: Enter your employer identification number in box B, the date of your incorporation in box C, and check the boxes next to the applicable statements in boxes D and E.

U.S. Life Insurance Company Income Tax Return 1120-L Step 4: Complete lines 1 through 3 as instructed. To complete line 2, you will first need to complete Schedule F on the third page.

U.S. Life Insurance Company Income Tax Return 1120-L Step 5: To complete line 4, you must first complete Schedule B on the second page. This will require you to first complete section A on the same page. Transfer the value from line 8 of Schedule B to line 4 of the first page.

U.S. Life Insurance Company Income Tax Return 1120-L Step 6: Complete lines 5 through 8 on the first page as instructed.

U.S. Life Insurance Company Income Tax Return 1120-L Step 7: Enter total death benefits and similar costs paid on line 9.

U.S. Life Insurance Company Income Tax Return 1120-L Step 8: Transfer line 35 from Schedule F to line 10 of the first page.

U.S. Life Insurance Company Income Tax Return 1120-L Step 9: Complete lines 11 through 26 as directed. This may require completion of Schedule G on the fourth page, Schedule H on the fifth page, Schedule I on the same page, and/or Schedule J on the sixth page.

U.S. Life Insurance Company Income Tax Return 1120-L Step 10: Enter your total taxable income on line 27.

U.S. Life Insurance Company Income Tax Return 1120-L Step 11: Complete Schedule K on the sixth page to compute your tax. Transfer the value from line 10 there to line 28 of Part I. Complete lines 29a through 33 as directed. Sign and date the bottom of the first page and provide your title.