Form 541 - Partnerships - Department Of Treasury Internal Revenue Service - 2002 Page 21
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281065
U.S. Return of Partnership Income
OMB No. 1545-0099
Form
2002
For calendar year 2002, or tax year beginning
, 2002, and ending
, 20
.
Department of the Treasury
See separate instructions.
Internal Revenue Service
D Employer identification number
A Principal business activity
Use the
DEC02
1 0-9876543
Retail
IRS
AbleBaker Book Sto re
B
Principal product or service
E Date business started
label.
Other-
334 West Main Street
Books
10-1-79
wise,
Orange, MD 2090 4
print
F Total assets (see page 14 of
C
Business code number
the instructions)
or type.
451211
$
45,391
G
Check applicable boxes:
(1)
Initial return
(2)
Final return
(3)
Name change
(4)
Address change
(5)
Amended return
H
Check accounting method:
(1)
Cash
(2)
Accrual
(3)
Other (specify)
2
I
Number of Schedules K-1. Attach one for each person who was a partner at any time during the tax year
Caution: Include only trade or business income and expenses on lines 1a through 22 below. See the instructions for more information.
1a
409,465
1 Gross receipts or sales
a
3,365
1b
1c
406,100
b Less returns and allowances
2
267,641
2 Cost of goods sold (Schedule A, line 8)
3
138,459
3 Gross profit. Subtract line 2 from line 1c
4
Ordinary income (loss) from other partnerships, estates, and trusts (attach schedule)
4
5
5 Net farm profit (loss) (attach Schedule F (Form 1040))
6
6 Net gain (loss) from Form 4797, Part II, line 18
7
559
7 Other income (loss) (attach schedule)
8 Total income (loss). Combine lines 3 through 7
8
139,018
9
29,350
9 Salaries and wages (other than to partners) (less employment credits)
25,000
10
10
Guaranteed payments to partners
11
1,125
11
Repairs and maintenance
12
250
12
Bad debts
13
20,000
13
Rent
3,295
14
14
Taxes and licenses
15
1,451
15
Interest
16a
1,174
16a
Depreciation (if required, attach Form 4562)
16b
– 0 –
16c
1,174
b
Less depreciation reported on Schedule A and elsewhere on return
17
17
Depletion (Do not deduct oil and gas depletion.)
18
18 Retirement plans, etc.
19
19
Employee benefit programs
20
8,003
20
Other deductions (attach schedule)
21
Total deductions. Add the amounts shown in the far right column for lines 9 through 20
21
89,648
22
Ordinary income (loss) from trade or business activities. Subtract line 21 from line 8
22
49,370
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge
and belief, it is true, correct, and complete. Declaration of preparer (other than general partner or limited liability company member) is based on all
information of which preparer has any knowledge.
Sign
May the IRS discuss this return
Here
with the preparer shown below (see
Frank W. Able
3-12-03
instructions)?
Yes
No
Signature of general partner or limited liability company member
Date
Date
Preparer’s SSN or PTIN
Preparer’s
Check if
Paid
signature
self-employed
Preparer’s
Firm’s name (or yours
EIN
Use Only
if self-employed),
address, and ZIP code
Phone no.
(
)
1065
For Paperwork Reduction Act Notice, see separate instructions.
Cat. No. 11390Z
Form
(2002)
Page 21
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