Form 480.20(I) - Corporation Of Individuals Informative Income Tax Return

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Form 480.20 (I) Rev.03.99
___
___
Reviewer:
Liquidator:
Serial Number
COMMONWEALTH OF PUERTO RICO
DEPARTMENT OF THE TREASURY
YEAR
YEAR
Field audited by:
CORPORATION OF INDIVIDUALS
AMENDED RETURN
INFORMATIVE INCOME TAX RETURN
Date ______/ ______/ ______
Payment Stamp
TAXABLE YEAR BEGINNING ON
R
M N
_______________, ____ AND ENDING ON ______________, ____
Employer's Identification Number
Entity's Name
Postal Address
Industrial Code
Municipal Code
Telephone Number - Extension
Zip Code
Location of principal Industry or Business - Number, Street, City
Date Incorporated or created
Month_____/ Day_____/ Year_____
Type of Principal Industry or Business
Place Incorporated or created
Date of election to operate as Corporation of Individuals
TotalForms 480.6 IC
Act No. 225 of 1995
Indicate if the entity had partially exempt income
Act No. 52 of 1983
Act No. 47 of 1987
under the following acts:
Act No. 78 of 1993
Act No. 225 of 1995
The entity elected for this year the exemption
Act No. 52 of 1983
Act No. 47 of 1987
provided by:
Act No. 78 of 1993
Distributable share per category
Amount
Tax Withheld
1.
Net long term capital gain (or loss) on sale or exchange of capital assets (Schedule
00
D Corporation) .....................................................................................................
(1)
2.
Net short term capital gain (or loss) on sale or exchange of capital assets (Schedule
00
D Corporation) .....................................................................................................
(2)
3.
Net gain (or loss) on sale or exchange of substantially all assets dedicated to an
00
activity under Act No. 78 of 1993 (Schedule D Corporation) .........................................
(3)
4.
Net gain (or loss) on sale or exchange of property used in the business (Schedule
00
D Corporation) ......................................................................................................................
(4)
5.
Net income (or loss) of the corporation from the eligible activity (Part VI, line
00
00
43)...........................................................................................................................................
(5)
00
00
6.
Net income (or loss) from partially exempt income (Schedule L, Part I, line 3) ........
(6)
00
00
7.
Eligible distribution of dividends from corporations or profits from partnerships ....
(7)
00
00
Interest income from deposits in financial institutions .................................................
8.
(8)
9.
Distributable share on income, gain or loss from a special partnership owned by the
00
00
corporation of individuals .........................,...........................................................................
(9)
10.
Total net income (or loss) on distributable share per category (Add lines 1
through 9) .............................................................................................................................
00
00
(10)
Credits
1.
Credit for taxes paid to the United States, its possessions and foreign countries (Schedule C
00
Corporation) ........................................................................................................................................
(1)
00
2.
Credit for investment in the Capital Investment Fund, other funds or direct investments (Schedule Q) ........
(2)
00
3.
Credit attributable to losses in the Capital Investment Fund or other funds (Schedule Q) ...............................
(3)
00
4.
Credit for tax withheld at source from Industrial Development dividends (Act No. 8 of 1987) .........................
(4)
00
5.
Credit for contribution to the Educational Foundation for Free Selection of Schools ................................
(5)
00
6.
Credit for the purchase of tax credits (Submit detail) ..............................................................................
(6)
7.
Total Tax Credits (Add lines 1 through 6) ..............................................................................................................
00
(7)
Tax computation on built-in gain
00
1.
Tax liability (Schedule U, Part IV, line 14) ..............................................................................................
(1)
2.
Less amount paid:
00
a)
Automatic extension or original return .......................................................
(2a)
00
b)
Tax withheld at source ..............................................................................
(2b)
00
c)
Estimated tax ...........................................................................................
(2c)
00
d)
With the return .........................................................................................
(2d)
e)
Total (Add lines 2(a) through 2(d)) ............................................................................................
00
(2e)
3.
Balance of tax due (Subtract line 2(e) from line 1. If line 2(e) is larger than line 1, enter the difference
00
on line 4) .....................................................................................................................................
(3)
4.
Amount overpaid (Subtract line 2(e) from line 1) ....................................................................................
(4)
00

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