Form 480.10(E) - Special Partnership Informative Income Tax Return (Page 4 of 4) in pdf

Form 480.10(E) Rev. 05.10

Special Partnerships - Page 4

Computation of gross income percentage derived from eligible activities

Income from not eligible activities

(A)

Income from eligible activities

(B)

Sources within Puerto Rico

(C)

Sources outside 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 eligible activities (Column A) .....................................................................................

(4)

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

(5)

Questionnaire

Yes

Did the special partnership keep part of its records on

Does the special partnership currently have an election

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

under Section 340 of the Puerto Rico Income Tax Act

(1)

The special partnership's books are in care of:

of 1954 at the closing of the last taxable year before July

Name_______________________________________

1, 1995?..................................................................................

(7)

Address____________________________________

Enter the earnings or profits at that date __________

____________________________________________

Did the special partnership had earnings or profit

Check accounting method used:

related to periods when it was not a special

Cash

Accrual

partnership, or received in liquidations or

Other (specify):

reorganizations? Enter amount _______________

(8)

Did the special partnership file the following documents

Did the special partnership distribute profits during the

(a) Informative Return (Form 480.5, 480.6A, 480.6B).

taxable year?.........................................................................

(4a)

(9)

(b) Withholding Statement (Form 499R-2/W-2PR) .....

10.

Is the special partnership a partner in other special

(4b)

If the special partnership gross income exceeds

partnership?..........................................................................

(10)

$500,000, are financial statements audited by a CPA

Name_____________________________________

licensed in Puerto Rico included with this return? ..........

Employer Identification Number of the inferior Special

(5)

Did the partnership claim deductions for expenses

Partnership_________________________________

connected with:

Enter the proportion of participation ______________

(a) Vessels? .......................................................................

11.

Enter the amount of exempt interest _____________

(6a)

(b) Living expenses? (except business employees) .

12.

Enter the amount of charitable contributions to

(6b)

municipalities included in Part VI, line 38

______________

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

13.

Did the special partnership receive income from temporary

(6c)

investment during the first 36 months of starting the

eligible activity ? ...................................................................

(13)

OATH

I _________________________________________, the managing partner of the partnership for which this Special Partnership Informative Income Tax

Return is made, under the penalty of perjury, declare 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 informative return, made in good faith, pursuant to the Puerto Rico Internal Revenue Code

of 1994, as amended, and the Regulations thereunder.

Managing partner's signature

Affidavit No. ___________________________________

Sworn and subscribed before me by_____________________________________________, of legal age, ___________ (civil status),

NOTARY

____________________ (occupation) and resident of____________________________, personally known by me or identified by means of

SEAL

___________________________ , at ___________________________________________, _______________, this _____th day of

______________________________, _____ .

Title of the person administering oath

Signature of the 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.

Date

Specialist's name (Print)

Registration Number

Check if self-employed

Firm's name

Employer Identification Number

Specialist's signature

Address

Zip code

NOTE TO TAXPAYER

tion number.