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Home›Karmayogi›Form 1120-RIC

Global Tax Practice · Simulator

Form 1120-RIC Regulated Investment Company

Prepare a mutual fund return and its distribution designations.

3 Levels30 Practice ReturnsTax Year 20256 Months AccessWorkpapers & Answer Key

Plans and Prices

Free Demo

₹0
  • One fixed-number case per level
  • Full guided walkthrough
Try the Demo

Basic

₹3,300 ₹2,500$30
Save ₹800
  • 10 Basic practice returns
  • Source documents, workpapers, answer key and Input Mode

Intermediate

₹4,500 ₹3,500$40
Save ₹1,000
  • 10 Intermediate practice returns
  • Source documents, workpapers, answer key and Input Mode

Advanced

₹6,000 ₹4,500$55
Save ₹1,500
  • 10 Advanced practice returns
  • Source documents, workpapers, answer key and Input Mode

Complete BundleBest Value

₹10,500 ₹8,000$95
Save ₹2,500
₹10,500 if bought separately
  • All three levels: 30 practice returns
  • Source documents, workpapers and answer key for every return

Already enrolled? Log in, then open your level: Basic · Intermediate · Advanced.

Self-study course. Practise on your laptop, desktop, tablet or mobile. Live classes, video lectures and in-person coaching are not included and are charged separately: see Coaching Classes.

6 months of access. Secure Razorpay checkout: pay in Indian rupees, or in US dollars if you are outside India (choose at checkout).

Fund tax teams handle dividend designations and excise tax rules that are rarely taught in college. This simulator gives guided practice on them.

A simulator for US regulated investment companies (mutual funds and ETFs): investment company taxable income, the dividends paid deduction, dividend designations and the RIC qualification tests.

Who It Is For

  • Fund tax and fund administration staff
  • Staff in asset-management GCCs

Skills You Build

Investment Company Taxable IncomeDividends Paid DeductionDividend DesignationsExcise TaxIncome and Diversification TestsRetained Capital Gains
Sample screen
Sample screen

What You Learn

BasicInvestment company taxable income, the dividends paid deduction, the 90% test, capital gain, qualified and §199A dividends.
IntermediateDecember and spillback dividends, the 4% excise tax, exempt-interest dividends, income and diversification tests.
AdvancedThe §851(i) tax, retained capital gains (Forms 2438 and 2439) and managed distributions.

What You Get

  • Software-Style Input Mode: Key every source record into data entry screens like professional software, clear the diagnostics, review and file, then see every line that differs from the answer key and the input that caused it. Try it free.
  • Guided Walkthrough: Every number moves from its source document to its line, step by step, with the rule and the maths. Auto-Play and narration included.
  • Your Own Numbers: 10 case studies per level. Each student gets unique figures, and New Version gives fresh numbers whenever you want to practise again.
  • Practice Mode: Blank lines to fill in yourself. Check My Answers shows what matches and hints at the rest.
  • Answer Sheet: Every correct value with its working, grouped by form or workpaper.
  • Scope and Assumptions: Each form lists what is included, excluded and assumed, so you know exactly what you are learning.
  • Presenter Mode: Large, clean screens for classrooms and group sessions.
  • Certificate: Score 80% or more on all 10 cases of a level in Certificate Attempts (fresh numbers, no hints of right or wrong, first check counts) to earn a Vyas Peeth certificate with an ID employers can verify; add it to LinkedIn in one click.
  • US Tax Career Kit: 150 interview questions with model answers, resume templates and a LinkedIn kit, included with your plan.
Surya P Vyas
Designed by Your Mentor

Surya P Vyas

CA, EA, B.Com, PG DBM, Six Sigma & Pursuing ACCA · 25+ years in global tax, 10+ years in the US · Former Big 4 Tax and Transformation Leader who led teams of 600+ professionals.

DeloittePwCShellKPMGThomson Reuters

About Your Mentor → · What People Say →

FAQs

What is a RIC?

A regulated investment company, such as a US mutual fund or ETF, that passes its income to investors through dividends.

Does it cover exempt-interest dividends?

Yes. Intermediate covers exempt-interest dividends along with the excise tax and the qualification tests.

Can I try it free?

Yes. The free demo has one fixed case per level.

How do I subscribe?

Choose a plan above and press Buy Now. Enter your name, login email and WhatsApp, pay on Razorpay, then activate on the Thank You page with your Payment ID. Colleges and coaching centres with 10+ students can ask for an institution licence.

What do I need?

A current browser (Chrome, Edge, Safari or Firefox) and internet. A laptop works best for simulators. One login, up to 2 of your own devices.

Are classes included?

No. This is a self-study course that you use on your laptop, desktop, tablet or mobile. Live classes, video lectures and in-person or classroom coaching are not included in the price; they can be arranged separately at an extra charge. See Coaching Classes or WhatsApp +91 81478 99500.

How long is access?

6 months from activation. Full refund within 7 days (bundles as a whole).

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Questions? WhatsApp us or see the FAQs. What each form covers: Scope & Assumptions.

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Your Details

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Self-study access (laptop, desktop, tablet or mobile) for 6 months; live, video or in-person classes are not included. Your login works on up to 2 of your own devices. By paying you agree to the Terms and Refund Policy.