Instructions For Form 1120-Fsc - 2007 (Page 13 of 13) in pdf

Using the list of activities and codes below,

Once the principal business activity is determined,

Forms 1120-FSC

determine from which activity the FSC derives the

entries must be made on Form 1120-FSC, page 2,

largest percentage of its “total receipts.” Total

Additional Information, lines 1a, 1b, and 1c. For the

Principal Business Activity Codes

receipts is defined as the sum of the foreign trading

business activity code number, enter the six digit

gross receipts on Form 1120-FSC, page 3, Schedule

code selected from the list below. On line 1b, enter a

This list of principal business activities and their

B, line 6a, and the total income on page 4, Schedule

brief description of the FSC’s business activity.

associated codes is designed to classify an

F, lines 4 and 17. If the FSC’s largest percentage of

Finally, enter a description of the principal product or

enterprise by the type of activity in which it is

its total receipts is derived from the wholesale

service of the FSC on line 1c.

engaged to facilitate the administration of the

Internal Revenue Code. These principal business

trading of durable goods, the FSC must use one of

the corresponding codes from the list below

activity codes are based on the North American

(423100-423990).

Industry Classification System.

Code

Wholesale Trade

424400 Grocery & Related Products

Motion Picture and Sound

532210 Consumer Electronics &

Recording Industries

Appliances Rental

424500 Farm Product Raw Materials

Merchant Wholesalers, Durable

512100 Motion Picture & Video

532220 Formal Wear & Costume

424600 Chemical & Allied Products

Goods

Industries (except video

Rental

424700 Petroleum & Petroleum

423100 Motor Vehicle & Motor

rental)

532230 Video Tape & Disc Rental

Products

Vehicle Parts & Supplies

512200 Sound Recording Industries

532290 Other Consumer Goods

424800 Beer, Wine, & Distilled

423200 Furniture & Home

Broadcasting (except Internet)

Rental

Alcoholic Beverages

Furnishings

532310 General Rental Centers

515100 Radio & Television

424910 Farm Supplies

423300 Lumber & Other Construction

Broadcasting

532400 Commercial & Industrial

Materials

424920 Book, Periodical, &

515210 Cable & Other Subscription

Machinery & Equipment

Newspapers

423400 Professional & Commercial

Rental & Leasing

Programming

Equipment & Supplies

424930 Flower, Nursery Stock, &

Telecommunications

Florists’ Supplies

423500 Metal & Mineral (except

Professional Services

Petroleum)

517000 Telecommunications

424940 Tobacco & Tobacco Products

(including paging, cellular,

Architectural, Engineering, and

423600 Electrical & Electronic Goods

424950 Paint, Varnish, & Supplies

satellite, cable & other

Related Services

423700 Hardware, & Plumbing &

424990 Other Miscellaneous

program distribution,

541310 Architectural Services

Heating Equipment &

Nondurable Goods

resellers, other

Supplies

541320 Landscape Architecture

Wholesale Electronic Markets and

telecommunications &

Services

423800 Machinery, Equipment, &

Agents and Brokers

internet service providers)

Supplies

541330 Engineering Services

425110 Business to Business

Data Processing Services

423910 Sporting & Recreational

541340 Drafting Services

Electronic Markets

518210 Data Processing, Hosting, &

Goods & Supplies

541350 Building Inspection Services

425120 Wholesale Trade Agents &

Related Services

423920 Toy & Hobby Goods &

Brokers

541360 Geophysical Surveying &

Other Information Services

Supplies

Mapping Services

519100 Other Information Services

423930 Recyclable Materials

Information

541370 Surveying & Mapping (except

(including news syndicates,

423940 Jewelry, Watch, Precious

Geophysical) Services

Publishing Industries (except

libraries, internet publishing &

Stone, & Precious Metals

Internet)

541380 Testing Laboratories

broadcasting)

423990 Other Miscellaneous Durable

511110 Newspaper Publishers

Other Professional Services

Goods

511120 Periodical Publishers

Rental and Leasing

541600 Management Consulting

Merchant Wholesalers, Nondurable

Services

511130 Book Publishers

Rental and Leasing Services

Goods

511140 Directory & Mailing List

532100 Automotive Equipment Rental

424100 Paper & Paper Products

Publishers

& Leasing

424210 Drugs & Druggists’ Sundries

511190 Other Publishers

424300 Apparel, Piece Goods, &

511210 Software Publishers

Notions

-13-

Instructions For Form 1120-Fsc - 2007 Page 13

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