Montana Form Clt-4s - Montana Small Business Corporation Tax Return

MONTANA

2001 Montana Small Business

CLT-4S

Corporation Tax Return

Rev. 8-01

For calendar year 2001 or tax year beginning_____________, 2001; ending_____________,20_____

Name

Check if

FEIN:______________

Federal Business Code:

Applicable:

____Initial

___________________

Address

Incorporated in State of:

Return

____Final Return

___________________

City

State

Zip + 4

Date:_______________

____Multistate

Corporation

Date Qualified

in Montana:__________

Reporting Method: Cash

______ Accrual _______ Other (please specify) _____________________

1. Ordinary income (loss) from trade or business activities (FORM 1120S, page 1, line 21)

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2. Net income (loss) from rental real estate activities

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0

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1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0

3. a. Gross income from other rental activities

3a.

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Expenses from other rental activities (attach schedule)

3b.

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Net income (loss) from other rental activities. (subtract line 3b from line 3a)

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1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0

4. Portfolio income (loss):

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Interest income

4a.

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Dividend income

4b.

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Royalty income

4c.

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Net short-term capital gain/(loss) (attach Federal Schedule D)

4d.

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Net long-term capital gain/(loss) (attach Federal Schedule D)

4e.

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Other portfolio income

4f.

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Total Portfolio Income

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5. Net gain (loss) under section 1231 (other than due to casualty or theft) (attach Form 4797)

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6. Other income

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7. Total lines 1 through 6

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8. Charitable contributions (attach schedule)

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9. Section 179 expense deduction (attach Form 4562)

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10.

Deductions related to portfolio income/(loss) (you must itemize)

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11.

Other deductions (attach schedule)

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12.

Total lines 8 through 11

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13.

Add: a. Taxes based on income or profits

13a.

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b. Other additions (Attach Detailed Breakdown)

13b.

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Total Montana Additions to Income

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14.

Subtract: Montana Reductions (Attach Detailed Breakdown)

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15.

Income taxable to shareholders (line 7 - line 12 + line 13 - line 14)

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16.

Multistate Taxpayers: line 15 X ____________% from Schedule K, line 5

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17.

Multistate Taxpayers: Income allocated directly to Montana

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Check here, if you DO NOT need the Montana Small Business Corporation Tax Return and Instructions sent to you next year.

A Copy of Your Federal Form 1120S Must be Attached

NOTICE

Pass-through entity changes for tax years beginning after December 31, 2001.

A partnership, S-corporation, limited liability company or other pass- through entity with a nonresident shareholder, partner

or member must remit taxes for any nonresident for whom the entity has not filed either a composite return or the nonresident’s

agreement to file and pay taxes.

A partnership, S-corporation, limited liability company or other pass- through entity who fails to file an information return

will be assessed a late file penalty of $10 multiplied by the number of partners, shareholders, or members for each month

the return is late, not to exceed 5 months. This penalty does not apply to a pass-through entity that has 10 or fewer

partners, shareholders, or members whom have filed their return and paid their tax.

204

Montana Form Clt-4s - Montana Small Business Corporation Tax Return - 2001

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