Form 480.20(I) - Corporation Of Individuals Informative Income Tax Return (Page 4 of 4) in pdf

Form 480.20 (I) Rev. 03.99

Corporation of Individuals - Page 4

Computation of gross income percentage from business or industry

Income from not related activities

(A) Income from business or industry

(B) Sources within Puerto Rico

Gross income derived during the period (Add Columns A to C) ..................................................

_______________________________________________

(1)

Gross income from sources within Puerto Rico (Add Columns A and B) .......................................................

_______________________________________________

(2)

Divide line 2 by line 1 ...........................................................................................................................

________________________________________________

(3)

Gross income from industry or business (Column A) ...........................................................

__________________________________________

(4)

Divide line 4 by line 2 ...........................................................................................................................

(5)

Questionnaire

(c)

Employees attending conventions or meetings

YES

YES NO

Did the corporation keep any part of its records on a

outside Puerto Rico or the United States? ..........

computerized system during this year? .....................

(6c)

(1)

Did the corporation had earnings or profits related to

The corporation's books are in care of:

periods when it was not a Corporation of Individuals,

Name ___________________________________

or received in liquidations or reorganizations? ............

Address _________________________________

(7)

Enter amount _______________________________

________________________________________

Did the corporation distributed profits during the tax

Check the accounting method used:

year? ..................................................................................

Cash

(8)

Accrual

Is the corporation a stockholder in other individual

Other (specify): ______________________

corporation?......................................................................

Did the corporation file the following documents?

(9)

Name _____________________________________

Informative Return (Form 480.5, 480.6A,

Employer's Identification Number of the Individual

(a)

480.6B) ............................................................

(4a)

Corporation_________________________________

Withholding Statement (Form

Enter the proportion __________________________

(b)

499R-2/W-2PR) .....................................................

(4b)

10.

Enter the amount of exempt interest _____________

If the gross income exceeds $500,000, are financial

11.

Enter the amount of charitable contributions to municipalities

statements audited by a CPA licensed in Puerto Rico

included on Part VI, line 38 ________________________

included with this return?................................................

(5)

12.

Did the corporation receive income from temporary

Did the corporation claim deductions for expenses

investment during the first 36 months of starting the

connected with:

business or industry?.....................................................

(a)

Vessels? ..................................................................

(12)

(6a)

13.

Number of stockholders _______________________

(b)

Living expenses? (except business employees) .

(6b)

14.

Number of employees _________________________

OATH

We, the undersigned president (or vice president or other principal officer) and treasurer (or assistant treasurer), or agent of the

corporation for which this Corporation of Individuals Informative Income Tax Return is made, declare under the penalty of perjury, that

this return (including schedules and statements attached) has been examined by us, and to the best of our knowledge and belief, is

a true, correct and complete Informative Return, made in good faith, pursuant to the Puerto Rico Internal Revenue Code of 1994, as

amended, and the Regulations thereunder.

___________________________________________________________________

President's or vice president's signature

Treasurer's or assistant treasurer's signature

Affidavit No. _______________________________

_______________________________

Agent

NOTARY

Sworn and subscribed before me by ________________________________________ , of legal age, __________________________ (civil status),

___________________________ (occupation), and resident of ________________________, ___________, and by _____________________________,

SEAL

of legal age, _______________________ (civil status), _______________________ (occupation) and resident of ____________________________,

________________, personally known to me or identified by means of___________________________, at _________________________________,

___________, this ____ th day of _____________________________, ____.

___________________________________________________________________

Title of the person administering oath

Signature of person administering oath

Specialist's Use Only

I declare under the penalty of perjury that this return (including schedules and statements attached) has been examined by me and to the best of my

knowledge and belief is a true, correct and complete return. The declaration of the person that prepares this return is with respect to the information

received, and this information may be verified.

Specialist's name (Print letter)

Registration number

Date

Specialist's social security number

Check if self - employed

Employer's identification number

Firm's name

Specialist's signature

Address

Zip Code

Form 480.20(I) - Corporation Of Individuals Informative Income Tax Return Page 4

Related Articles

Related forms

Related Categories