Form 480.20(I) - Corporation Of Individuals Informative Income Tax Return Page 3
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4Form 480.20 (I) Rev. 03.99
Corporation of Individuals - Page 3
Compensation to stockholders or officers
Percentage of stocks or shares owned
Social Security
Percentage of time
Name of Stockholder
Compensation
Number
devoted to business
Common
Preferred
00
00
00
00
0 0
Total compensation to stockholders or officers (Enter on Part VI, line 16)
0 0
Comparative Balance Sheet
Beginning of the Year
Ending of the Year
Total
Total
Assets
00
0 0
1.
Cash on hands and in bank ...............
___________________________
______________________________
(1)
(1)
00
00
2.
Accounts receivable ..........................
___________________________
__________________________
(2)
(2)
(
)
(
)
00
00
00
00
3.
Less: Reserve for bad debts ..............
___________________________
___________________________
___________________________
(3)
(3)
00
00
4.
Notes receivable ...............................
___________________________
___________________________
(4)
(4)
00
00
5.
Inventories .......................................
___________________________
___________________________
(5)
(5)
00
00
6.
Investments ......................................
___________________________
___________________________
(6)
(6)
00
00
7.
Depreciable assets ...........................
___________________________
__________________________
(7)
(7)
(
)
(
)
00
00
00
00
8.
Less: Reserve for depreciation ..........
___________________________
___________________________
___________________________
(8)
(8)
00
00
9.
Land ................................................
___________________________
___________________________
(9)
(9)
00
00
10.
Other assets .....................................
___________________________
___________________________
(10)
(10)
00
00
11.
Total Assets ....................................
___________________________
___________________________
(11)
(11)
Liabilities and Stockholder's Equity
Liabilities
00
00
12.
Accounts payable .............................
______________________________
__________________________
(12)
(12)
00
00
13.
Notes payable ...................................
______________________________
__________________________
(13)
(13)
00
00
14.
Accrued expenses (not paid) ................
______________________________
__________________________
(14)
(14)
00
00
15.
Other liabilities ......................................
______________________________
__________________________
(15)
(15)
00
00
16.
Total Liabilities .....................................
___________________________
___________________________
(16)
(16)
Stockholder's Equity
17.
Capital stock
0 0
0 0
(a) Preferred stock.................................
______________________________
__________________________
(17a)
(17a)
0 0
0 0
(b) Common stock................................
______________________________
__________________________
(17b)
(17b)
0 0
0 0
18.
Additional Paid in Capital.....................
______________________________
__________________________
(18)
(18)
0 0
0 0
19.
Retained Earnings................................
______________________________
___________________________
(19)
(19)
0 0
0 0
20.
Reserve ..................................................
(20)
(20)
0 0
0 0
21.
Total Stockholder's Equity .................
______________________________
______________________________
(21)
(21)
0 0
0 0
22.
......
Total Liabilities and Stockholder's Equity
(22)
(22)
Reconciliation of Net Income (or Loss) per Books with Net Taxable Income ( or Loss) per Return
0 0
5.
Income recorded on books this year
1.
Net income per books ..........................
______________________________
(1)
not included on this return
2.
Taxable income not recorded on books
(a) Exempt interest ______________
this year (Itemize)
(b)
__________________________
____________________________
(a)
(c)
__________________________
____________________________
(b)
0 0
Total ................................................
____________________________
(c)
______________________________
(5)
0 0
6.
Deductions on this tax return not
Total ................................................
______________________________
(2)
charged against book income this year
3.
Expenses recorded on books this year
(a) Depreciation _________________
not claimed on this return
(b) ___________________________
Meal and entertainment (amount
(a)
(c) ___________________________
not claimed) _________________
0 0
Total ................................................
Depreciation _________________
(b)
______________________________
(6)
0 0
7.
Total (Add lines 5 and 6) ....................
____________________________
(c)
______________________________
(7)
0 0
8.
Net taxable income (or loss) per
Total ................................................
______________________________
(3)
0 0
0 0
return (Subtract line 7 from line 4) ....
4.
Total (Add lines 1 through 3) ..................
(8)
(4)
Analysis of Undistributed Profits per Books
0 0
0 0
5.
Distributions:
(a) Cash ..................
1.
Balance at beginning of the year .......
______________________________
______________________________
(5a)
(1)
0 0
0 0
(b) Property .............
2.
Net income per books .......................
______________________________
______________________________
(5b)
(2)
0 0
(c) Stocks ..................
3.
Other increases (Itemize, use schedule
______________________________
(5c)
0 0
6.
Other decreases (Itemize) ...................
if necessary)
______________________________
(6)
0 0
0 0
7.
Total (Add lines 5 and 6) ...................
_____________________________
(a)
______________________________
______________________________
(7)
(3a)
0 0
8.
Balance at end of the year (Subtract
_____________________________
(b)
______________________________
(3b)
0 0
0 0
line 7 from line 4) ...............................
4.
Total (Add lines 1, 2 and 3) .................
(8)
(4)
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