Forms And Instructions For Application Form For Refund Of Montana Diesel Or Gasoline Tax Page 8

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Corporation - Qualification Worksheet
½
STEP 1 - In the blank lines of columns A & B on the worksheet, enter only your share of the $ income
amount from your most recent federal corporation tax return.
½
STEP 2 - Total columns A & B on worksheet.
½
STEP 3 –Divide column B by column A. If less than 30% you are not eligible for a refund under this
option, see page 1 for other options. If 30% or greater, transfer the % to line 1 of Schedule A.
Column A
Column B
TOTAL
FARM
EARNED
INCOME
INCOME
$
$
Gross Receipts or Sales
- Form 1120; or Form 1120S, line 1c
Other Income –
Form 1120, line 10; or Form 1120S, line 5
$
$
(Enter total in column A & only farm income in column B)
Total Columns
$
$
Column B divided by Column A =
% Farm Income
6

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Parent category: Financial