Form 480.10(E) - Special Partnership Informative Income Tax Return (Page 4 of 4) in pdf

Form 480.10(E) Rev. 05.13

Special Partnership - Page 4

Computation of gross income percentage derived from eligible activities

Income from non eligible activities

Income from eligible activities

(A) Sources within Puerto Rico

(B) Sources outside Puerto Rico

(D) Sources outside Puerto Rico

Gross income derived during the period (Add Columns A through D) ..........................................................................

(1)

Gross income from sources within Puerto Rico (Add Columns A and C) .....................................................................

(2)

Divide line 2 by line 1 ...........................................................................................................................................

(3)

Gross income from eligible activities (Add Columns A and B) .....................................................................................

(4)

Divide line 4 by line 1 ...........................................................................................................................................

(5)

Questionnaire

YES

Did the special partnership keep part of its records on a computerized

(d)

Residential

property

outside

Puerto

Rico?

system during this year? ................................................................

(6d)

(1)

The special partnership’s books are in care of:

(1) Did more than 80% of the total income was derived from

Name _____________________________________________________

activities exclusively related to the lease of property to non

Address ___________________________________________________

related persons? .............................................................

(6d1)

_____________________________________________________________

Did the special partnership claim expenses connected to:

(a) Housing? (except business employees) ...................................

E-mail _____________________________________________________

(7a)

Telephone __________________________________________________

(b) Employees attending conventions or meetings outside Puerto

Check accounting method used:

Rico or the United States? ......................................................

(7b)

Cash

Accrual

Does the special partnership currently have an election under Section 340 of the Puerto

Others (specify): ___________________________________

Rico Income Tax Act of 1954 at the closing of the last taxable year before July 1, 1995?

(8)

Did the special partnership file the following documents?

Enter the earnings or profits at that date _________________________

(a) Informative Returns ..............................................................

Did the special partnership have earnings or profit related to periods when

(4a)

(b) Withholding Statement (Form 499R-2/W-2PR) .......................

it was not a special partnership, or received in liquidations or reorganizations?

(9)

(4b)

If the special partnership’s gross income exceeds $3,000,000, are financial

Enter amount ______________________________________________

statements audited by a CPA licensed in Puerto Rico included with this return?

10.

Is the special partnership a partner in other partnership or special partnership?

(5)

Did the entity claim deductions for expenses connected with ownership,

(If more than one submit detail) ........................................................

(10)

use, maintenance and depreciation of:

Name___________________________________________________

(a) Vehicles? ...........................................................................

Employer Identification Number of the inferior Partnership or Special

(6a)

(b) Vessels? ............................................................................

Partnership_______________________________________________

(6b)

(1) Did more than 80% of the total income was derived from

Enter the proportion of participation ______________________________

activities exclusively related to fishing or transportation of

Enter the amount of charitable contributions to municipalities included in Part

11.

passengers or lease? .....................................................

VII, line 37___________________________________________________

(6b1)

12.

Did the special partnership receive income from temporary investment

(6c)

(1) Did more than 80% of the total income was derived from

during the first 36 months of starting the eligible activity? ........................

(12)

activities exclusively related to transportation of

Number of partners _____________________________

13.

passengers or lease? .....................................................

Number of employees ___________________________

14.

(6c1)

OATH

I _________________________________________, the managing partner of the partnership for which this Special Partnership Informative Income Tax Return is made,

declare under penalty of perjury, that this return (including schedules and statements attached) has been examined by me and to the best of my knowledge and

belief, is a true, correct and complete informative return, made in good faith, pursuant to the Puerto Rico Internal Revenue Code of 2011, as amended, and the

Regulations thereunder.

__________________________________________________________

Managing partner's signature

Specialist’s Use Only

I declare under penalty of perjury that this return (including schedules and statements attached) has been examined by me, and to the best of my knowledge and

belief is a true, correct, and complete return. The declaration of the person who prepares this return is with respect to the information received, and this information

may be verified.

Specialist's name (Print)

Registration No.

Date

Check if self - employed specialist

Firm's name

Specialist's signature

Address

Zip code

NOTE TO TAXPAYER

Indicate if you made payments for the preparation of your return:

Yes