Declaration Of Estimated Tax For Year 2012 - Village Of Malinta Page 2
ADVERTISEMENT
1
2SCHEDULE C
NOTE - IF column A is used, disregard Column B
COLUMN A
COLUMN B
As shown by
Allocable To
Federal Return
This Community
1. Net Profit or Loss per your Federal Income Tax Return (attach income statement)------------------- $
$
2. Add items not deductible under Tax Ordinance (Schedule X)----------------------------------------------- $
3. Deduct items not taxable under Tax Ordinance (Schedule X)----------------------------------------------- $
4. Adjusted Net Profit------------------------------------------------------------------------------------------------------ $
$
5. ________%(as determined by Business Allocation Formula)of Line4, Col. A.-------------------------- $
xxxxx
6. Net Profits - Line 5, Column A; or Line 4, Column B (Enter on Line 2 – Page 1)----------------------- $
$
SCHEDULE X
ADJUSTMENT OF NET PROFIT OR LOSS LINE 1, SCHEDULE C ABOVE, TO EXCLUDE INCOME NOT
TAXABLE AND EXPENSES NOT ALLOWABLE, UNDER INCOME TAX ORDINANCE
Schedule X entries are allowed only to the extent directly included in determination of net profits as shown in your Federal Return.
Items Not Deductible - ADD
Items Not Taxable – DEDUCT
a. Withdraw by proprietor or partners, if
included in any expense accounts------
$
e. Capital Gains----------------------------------------
$
b. All income taxes paid or accrued--------
$
c. Net operating loss carry-forward, from
Other - attach explanation citing legal basis for
Federal Return------------------------------
$
f.
deduction--------------------------------------------
$
d. Capital losses-------------------------------
$
Total Additions
Total Deductions
(enter on line 2, Schedule C above)----
$
(enter on line 3, Schedule C above)-------------
$
SCHEDULE G – INCOME FROM RENTS not included in Schedule C above
(Copy from Federal Income Tax Schedule)
Location of Property
Amt. Rent
Depreciation
Repairs
Other expense
Net Income
$
$
$
$
$
Total:
$
$
$
$
$
(If total gross monthly rental from all properties does not exceed $100.00 DO NOT show any Net Income here)
$
a.
b.
Located
Located in
Percentage
Business Allocation Formula
Everywhere
Municipality
(b divided by a)
Step 1.
Average Value of Real & Tangible Personal Property----
$
$
xxxxx
Gross Annual Rentals multiplied by 8-------------------------
$
$
xxxxx
Total Step 1----------------------------------------------------------
$
$
%
Step 2.
Net Sales-------------------------------------------------------------
$
$
%
Step 3.
Wages, Salaries Paid---------------------------------------------
$
$
%
Step 4.
Total Percentages
%
Step 5.
Average percentage (Divide total percentages by number of percentages used. Carry to line 5 - Schedule C, above)
%
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial