Form K-120s - Kansas Small Business Corporation - 2004 Page 2
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1
2PART I - APPORTIONMENT SCHEDULE
This schedule is to be used only by corporations with nonresident shareholders which derive income from sources within and outside of Kansas.
PERCENT
1. Allocation fraction - Enclose Schedule of Computation:
WITHIN KANSAS
TOTAL COMPANY
WITHIN KANSAS
a. Average cost of real and tangible personal property owned at beginning and end of
year plus 8 times the net annual rent. (Exclude property not connected with the
1a
%
business and construction in progress.) Enter % on line 15, block A, page 1. . . . . . . . . .
b. Payroll. Enter % on line 15, block B, page 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
%
c. Gross sales or revenue. Enter % on line 15, block C, page 1. . . . . . . . . . . . . . . . . . . . . .
1c
%
%
2. a. Total percent (Add lines 1a, 1b, and 1c if utilizing three factors) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2a
2b
%
b. Total percent (Add lines 1a and 1c if qualified and utilizing the elective two-factor formula) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
3. Average percent of either 2a or 2b, whichever is applicable (To line 15, page 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
%
This schedule must be completed for all shareholders. If you have nonresident
PART II - SHAREHOLDER’S DISTRIBUTION OF INCOME
partners, you must complete Form KW-7S.
(1)
(2)
(3)
(4)
Name and address
Social Security
Check box if
Number of
Shareholder's
of shareholder
Number
nonresident
shares
applicable percentage
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
(j)
(k)
(l)
(m)
(n)
(o)
Continuation of PART II - (
)
See instructions for Nonresident Shareholder’s Computation of Columns 6, 7 and 8
(5)
(6)
(7)
(8)
Shareholder's portion of federal ordinary
Shareholder's portion of total
Income from Kansas sources. Kansas
Shareholder's modification. See
and other income (losses) and deductions.
Kansas income. Multiply the
residents multiply column 4 by line 12
instructions. Enter on Part A of
Multiply shareholder's percentage in
shareholder's percentage in column
page 1. Nonresidents; multiply
Schedule S, Form K-40.
column 4 by line 3, page 1.
4 by line 12, page 1.
shareholder's percentage in column 4
by line 12 page 1, or if income is
earned inside and outside of Kansas,
multiply shareholder's percentage in
column 4 by line 18, page 1.
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
(j)
(k)
(l)
(m)
(n)
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