Form Sf-1120 - Income Tax Corporate Return - 2003 Page 2
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1
2APPLIES TO SPRINGFIELD LOCATION ONLY
SCHEDULE C - PROFIT (OR LOSS) FROM BUSINESS
ATTACH A COMPLETE COPY OF YOUR FEDERAL 1120 OR 1120S.
BUSINESS DEDUCTIONS
1
Gross Receipts
. . . . . . . . . . . .
1 $
12
Compensation of officers
. . .
. . . . . .
12 $
2
Less returns and allowances
. . . . . .
2
13
Salaries and wages-not deducted elsewhere
.
13
3
Net Receipts
. . . . . . . . . . . . .
3
14
Rents . . . . . . . . . . .
. . . . . .
14
15
Depreciation
. . . . . . . .
. . . . . .
15
COST OF GOODS SOLD
4
Inventory at beginning of period
. . . . .
4
16
Contributions
. . . . . . . .
. . . . . .
16
5
Merchandise bought for manufacture or sale
5
17
Taxes (attach statement)
. . .
. . . . . .
17
6
Salaries and wages
. . . . . . . . . .
6
18
Interest
. . . . . . . . . .
. . . . . .
18
7
Other costs (attach statement)
. . . . . .
7
19
Repairs
. . . . . . . . . .
. . . . . .
19
8
Total - Lines 4 thru 7
. . . . . . . . . .
8
20
Bad Debts
. . . . . . . . .
. . . . . .
20
9
Less inventory at end of period
. . . . .
9
21
Other (attach statement)
. . .
. . . . . .
21
10
Cost of goods sold
. . . . . . . . . .
10
22
Other (attach statement)
. . .
. . . . . .
22
11
Gross Profit - Line 3 less Line 10
. . . . .
11
23
Total - Lines 12 thru 22
. . . .
. . . . . .
23
24
Net Profit or Loss - Line 11 less Line 23
. . .
24
25
Dividend income . . . . . . . . . . . . . .
. . . . . . . . .
. . . . . . . . . . . . . .
. . . . . .
25
26
Interest income
. . . . . . . . . . . . . .
. . . . . . . . .
. . . . . . . . . . . . . .
. . . . . .
26
27
Income from rents and royalties
. . . . . . .
. . . . . . . . .
. . . . . . . . . . . . . .
. . . . . .
27
28
Gain or loss from sale or exchange or property (see instructions)
. . .
. . . . . . . . . . . . . .
. . . . . .
28
29
Other income . . . . . . . . . . . . . . .
. . . . . . . . .
. . . . . . . . . . . . . .
. . . . . .
29
30
Total income (add Lines 24 thru 29) Enter here and on page 1 Line 1
. .
. . . . . . . . . . . . . .
. . . . . .
30
SCHEDULE D - BUSINESS ALLOCATION PERCENTAGE
To compute the percentage for column III, divide column II by column I.
COLUMN I
COLUMN II
COLUMN III
Percentage
Located
Located in
Everywhere
Springfield
1A
Average net book value of REAL AND TANGIBLE PERSONAL PROPERTY
. . . . .
$
$
1B
Gross annual rent paid for REAL PROPERTY only, multiplied by 8
. . .
. . . . .
1C
TOTAL - ADD Lines 1A and 1B
. . . . . .
. . . . . . . . .
. . . . .
%
2
Total WAGES, SALARIES, COMMISSIONS and OTHER COMPENSATION
of all employees
. . . . . . . . . . . . .
. . . . . . . . .
. . . . .
%
3
GROSS RECEIPTS from sales made or services rendered
. . . . . .
. . . . .
%
4
ADD together the percentages in COLUMN III
. . . . . . . . .
. . . . . . . . . . . . . .
. . . . . . .
%
*
5
BUSINESS ALLOCATION PERCENTAGE - DIVIDE total from line 4 by the number
three (3), enter here and on PAGE 1, LINE 6
. .
%
*
When computing the Business Allocation Percentage, a factor should only be excluded from the computation when such a factor does not apply to the
taxpayer's business operation. The sum of percentages in column III should be divided by the number of factors actually used.
SCHEDULE E
Schedule E is used to adjust the amount reported on page 1, Line 1, to give effect to the requirements of the City of Springfield Income Tax Ordinance. The time
period used to compute items for Schedule E must be the same as the time period used to report income on page 1, Line 1. Schedule E adjustments are allowed
only to the extent directly related to the NET INCOME as shown on page 1, Line 1.
PERIOD FROM: _____________________ TO ______________________
month
day
year
month
day
year
COLUMN 1
COLUMN 2
ADD - Items Not Deductible
DEDUCT - Items Not Taxable and Allowed Deductions
1
Adjustments to income relating to prior
6
Interest from U.S. obligations and from United
periods (see instructions)
. . . . . . . . .
$
States governmental units
. . .
. . . . . . .
$
2
All expenses (including interest) incurred in
7
Dividends-Received-Deduction (exclude dividends
connection with derivation of income not subject to
in Line 6 above)
. . . . . . .
. . . . . . .
Springfield income tax.
. . . . . . . . . .
8
Dividend gross up foreign taxes
. . . . . . .
3
Springfield income tax paid or accrued.
. . .
9
Foreign tax deduction
. . . .
. . . . . . .
4
Other (submit schedule)
. . . . . . . . .
10
Other (submit schedule)
. . .
. . . . . . .
. . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . .
. . . . . . .
. . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . .
. . . . . . .
. . . . . . . . . . . . . . . . . . . .
11
TOTAL DEDUCTIONS - ADD Lines 6, 7, 8, 9
5
ADD - Lines 1, 2, 3 and 4. (enter on page 3, Line 2)
$
and 10 (enter page 3, line 4)
.
. . . . . .
$
Page 4
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