Form 60 - Small Business Corporation Income Tax Return - 2001
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1
2North Dakota
2001
Small Business Corporation Income Tax Return
FORM 60
J
Check
Calendar Year January 1, 2001, through December 31, 2001
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One:
Fiscal Year beginning ___________________________, _______, and ending __________________________, _______
Federal employer identification no.
Please Type or Print
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Name
—
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Mailing address
Is this a farming or ranching corporation?
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®
Yes J
No J
City, State, Zip Code
Phone number
Is this a Renaissance Fund Organization?
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Yes J
No J
if Schedule RZ
if extension attached
if final return
if amended return
Business code (from federal ret.)
Date of incorporation
is attached J
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J
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J
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J
_____/_____/_____
Income (loss) from trade or business
1
Shareholders' share of income/loss
1 ________________
(Federal Form 1120S, Schedule K, lines 1 through 6) ........................................
2
Section 179 Expense Deduction
2 ________________
(Federal Form 1120S, Schedule K, line 8) ..............................................................
3
Other deductions
(Enter amount not subject to itemized deductions, Federal Form 1120S, Schedule K, line 10) .......
3 __________________
4
Balance
4 ________________
(Subtract lines 2 and 3 from line 1) ....................................................................................................................
5
Interest on state and local obligations
5 _______________
(Excluding North Dakota obligations) ...............
6
Other additions
6 _______________
(Attach worksheet - See instructions) ........................................................
7
Total additions
7 ________________
(Add lines 5 and 6) .................................................................................................................................
8
Subtotal
8 ________________
(Add lines 4 and 7) .............................................................................................................................................
9
North Dakota domestic dividend exclusion
9 _______________
(See instructions) .......................................
File With
File With
State Tax Commissioner
Office of State
10
Interest on U.S. obligations .....................................................................................
10 _______________
Tax Commissioner
State Capitol
11
Allocable income less expenses
11 _______________
(Attach worksheet - See instructions) ...........................
600 E. Boulevard Ave.
600 E. Boulevard Ave.
12
Other subtractions
12 _______________
Bismarck, ND 58505-0599
Bismarck, ND 58505-0599
(Attach worksheet - See instructions) ...................................................
13
Total subtractions
13 ________________
(Add lines 9, 10, 11 and 12) ..............................................................................................................
14
North Dakota apportionable income
14 ________________
(Subtract line 13 from line 8) ............................................................................
_ . _ _ _ _ _ _
15
Apportionment factor
(Sch. B, line 14. Enter 1.000000 if income only within N.D.) ....................................................
15
16
Income apportioned to North Dakota
16 ________________
(line 14 multiplied line 15) ..............................................................................
17
North Dakota allocable income less expenses
17 ________________
(Attach worksheet - See instructions) ...............................................
18
North Dakota adjusted income
18 ________________
(Add lines 16 and 17. Distribute to shareholders on Schedule A, page 2) ..............
Complete this section if subject to federal income tax.
Please see instructions.
19
Federal excess net passive income
(01) 19 ________________
(See instructions) .......................................................................................
20
Federal taxable income from certain capital gains
(02) 20 ________________
(See instructions) ............................................................
21
Federal net recognized built-in gains
(03) 21 ________________
(Federal Form 1120S, Schedule D) ......................................................
22
Total income
22 ________________
(Add lines 19, 20 and 21) ...............................................................................................................
23
Federal tax deduction
(04) 23 ________________
(See instructions) .............................................................................................................
24
North Dakota apportionable income
24 ________________
(Subtract line 23 from line 22) ...............................................................
_ . _ _ _ _ _ _
25
Apportionment factor
(05) 25
(Enter factor from line 15 above) ....................................................................................
26
Income apportioned to North Dakota
26 ________________
(Line 24 multiplied by line 25) .............................................................
27
North Dakota net operating loss deduction
(08) 27 ________________
(Attach worksheet from page 2 of instructions) ..........................
28
North Dakota taxable income
(09) 28 ________________
(Subtract line 27 from line 26) ...........................................................................
29
Income Tax Due (See tax rate table below)........................................................................................... (06) 29 ________________
30
Penalty and interest
(07) 30 ________________
(See instructions) .................................................................................................................
31
Payment Due
(Add lines 29 and 30. Enter $0 if less than $5. Pay to North Dakota State Tax Commissioner)
31 __________________
I declare under the penalties of North Dakota Century Code § 12.1-11-02, which provides for a Class A misdemeanor for making a false statement in a governmental matter,
that this return, including any accompanying schedules and statements, has been examined by me and to the best of my knowledge and belief is true, correct, and complete.
________________________
________________________________________________________
____________________________________________________
Date
Signature of Officer
Title
________________________
________________________________________________________
____________________________________________________
Date
Signature of individual or firm preparing this return
Address
Please Do Not Write
Tax Rate Table
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In This Space
If the amount on Line 28 is not over $3,000 ................................................................... 3%
"Buy North Dakota Products"
$ 3,000 to $ 8,000 ....
$
90.00 plus
4.5%
of excess over
$
3,000
$ 8,000 to $ 20,000 ....
$
315.00 plus
6%
of excess over
$
8,000
®
$ 20,000 to $ 30,000 ....
$ 1,035.00 plus
7.5%
of excess over
$ 20,000
$ 30,000 to $ 50,000 ....
$ 1,785.00 plus
9%
of excess over
$ 30,000
28717
Over $50,000 .....................
$ 3,585.00 plus 10.5%
of excess over
$ 50,000
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