Form 480.10(E) - Special Partnership Informative Income Tax Return Page 3
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4Special Partnership - Page 3
Form 480.10(E) Rev. 05.13
Compensation to partners or officers
Social Security Number
Percentage of time devoted to
Percentage of stocks or shares owned
Name of Partner
Compensation
Business
Common
Preferred
00
00
00
00
00
00
Total compensation to partners or officers (Transfer to Part VII, line 16)
00
Comparative Balance Sheet
00
Beginning of the Year
Ending of the Year
Assets
Total
Total
1.
Cash on hands and in bank .....................................
00
00
(1)
(1)
2.
Accounts receivable .............................................
00
00
(2)
(2)
3.
Less: Reserve for bad debts ..................................
(
)
(
)
00
00
00
00
(3)
(3)
4.
Notes receivable ..................................................
00
00
(4)
(4)
5.
Inventories .........................................................
00
00
(5)
(5)
6.
Investments .......................................................
00
00
(6)
(6)
7.
Depreciable assets ...............................................
00
00
(7)
(7)
8.
(
)
Less: Reserve for depreciation ...............................
(
)
(
)
00
00
00
00
(8)
(8)
9.
Land ..................................................................
00
00
(9)
(9)
10.
Other assets .......................................................
00
00
(10)
(10)
11.
Total Assets .......................................................
00
00
(11)
(11)
Liabilities and Net Worth
Liabilities
12.
Accounts payable .................................................
00
00
(12)
(12)
13.
Accrued expenses (not paid) .................................
00
00
(13)
(13)
14.
Long-term notes payable .......................................
00
00
(14)
(14)
15.
Other liabilities .....................................................
00
00
(15)
(15)
16.
Total Liabilities ................................................
00
00
(16)
(16)
Net Worth
17.
Partner’s interest ..................................................
00
00
(17)
(17)
18.
Undistributed profit ...............................................
00
00
(18)
(18)
19.
Total Net Worth ................................................
00
00
(19)
(19)
20.
Total Liabilities and Net Worth ...........................
00
00
(20)
(20)
Reconciliation of Net Income (or Loss) per Books with Net Taxable Income (or Loss) per Return
1.
Net income per books ........................................
00
(1)
5.
Income recorded on books this year not included
2.
Taxable income not recorded on books this year (Itemize)
on this return
(a) _________________________________________
(a) Exempt interest _______________________
(b) _________________________________________
(b) _____________________________________
(c) _________________________________________
(c) _____________________________________
Total .............................................................
00
(2)
3.
00
Expenses recorded on books this year not claimed on
Total ..........................................................
(5)
this return
6.
Deductions on this return not charged against book
(a) Meal and entertainment (amount not
income this year
claimed) ______________________________
(a) Depreciation __________________________
(b) Depreciation ______________________________
(b) _____________________________________
(c) Motor vehicles (in excess of the limit) __________
(c) _____________________________________
__________________________________________
00
Total ..........................................................
(6)
(d) Vessels, aircrafts and property located outside of Puerto
00
7.
Total (Add lines 5 and 6) .............................
(7)
Rico __________________________________
8.
Net taxable income (or loss) per return
(e) __________________________________________
00
(Subtract line 7 from line 4) ...............................
(8)
Total ..................................................................
00
(3)
4.
Total (Add lines 1 through 3) ................................
00
(4)
Analysis of Undistributed Profits per Books
Distributions: (a) Cash .................................
00
5.
1.
(5a)
Balance at the beginning of the year ........................
00
(1)
00
(b) Property ...........................
2.
Net income per books ..........................................
(5b)
00
(2)
00
(c) Stocks ..............................
3.
(5c)
Other increases (Itemize, use schedule if necessary)
00
6.
Other decreases (Itemize) .............................
(6)
(a) __________________________________________
00
(3a)
00
7.
Total (Add lines 5 and 6) ...............................
(b) __________________________________________
(7)
00
(3b)
Balance at end of year (Subtract line 7 from
8.
4.
Total (Add lines 1, 2 and 3) ....................................
(4)
00
00
line 4) ........................................................
(8)
Retention Period: Ten (10) years
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