Form Al-1120 - Corporate Income Tax Return - 2005 Page 2
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1
2
3Statement of Business Enterprise
A. Enter the name and address of the
Name
Corporation’s resident agent in Michigan.
Street Address
B. Attach a schedule listing all officers of
this corporation who are Albion residents.
Include name, address & social security
City, State, Zip
numbers.
C. Is this a consolidated return?
Yes
No
If yes, attach a schedule listing the names and addresses of included corporations and showing the percent of
voting stock owned by each corporation.
D. If 50 percent or more of voting stock of this corporation is owned by any corporation, individual, trust, partnership
or other person, attach a statement showing the owner’s name, address and percentage owned.
E. Indicate the number of Albion locations included in this return___________.
F. Indicate the total dividends paid to all stockholders during the period covered by this return $_______________.
G. If your federal tax liability for the period covered by this return was changed as a result of an IRS audit, attach an
explanation of any audit adjustments which changed your tax liability.
Schedule C – Profit or Loss Statement
Complete this schedule only if using the separate accounting method. Enter amounts applicable only to Albion business activity.
Complete all items for the same return period as the US 1120 or 1120S.
1.
Gross Receipts…………………………………..
1.
2.
Returns and allowances………………………..
2.
3.
Net Receipts. Subtract line 2 from line 1………………………………
3.
Cost of Goods Sold
4.
Inventory at the beginning of the period……….
4.
5.
Merchandise bought for manufacture or sale..
5.
6.
Salaries and wages………………………………
6.
7.
Other costs (attach schedule)…………………..
7.
8.
Add lines 4 through 7…………………………….
8.
Inventory at the end of the
9.
period……………….
9.
Cost of goods sold. Subtract line 9 from line 8……………………….
10.
10.
11.
Gross profit. Subtract line 10 from line 3……………………………..
11.
Business Deductions
12.
Compensation paid to officers…………………
12.
13.
Salaries and wages not deducted elsewhere.
13.
14.
Rents………………………………………………
14.
15.
Depreciation………………………………………
15.
16.
Contributions……………………………………..
16.
17.
Taxes………………………………………………
17.
18.
Interest……………………………………………..
18.
19.
Repairs…………………………………………….
19.
20.
Bad debts………………………………………….
20.
21.
Other (attach schedule)………………………….
21.
22.
Total deductions. Add lines 12 through 21…………………………..
22.
23.
Net profit or loss. Subtract line 22 from line 11.
23.
24.
Dividend income………………………………….
24.
25.
Interest income…………………………………..
25.
26.
Income from rents and royalties………………..
26.
27.
Gain or loss from sale or exchange of property
27.
28.
Other income……………………………………..
28.
29.
Total income. Add lines 23 through 28, enter on AL-1120, line 10........
29.
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