Fillable Form Clt-4 - Montana Corporation License Tax Return

M M D D Y Y Y Y

Form CLT-4, Page 3

Period End Date

FEIN

Computation of Montana Taxable Income and Net Amount Due

1. Taxable income reported on your federal tax return (line 28) (attach a copy of signed federal Form 1120) ... 1.

2. Additions

2a. State, local, foreign and franchise taxes based on income (attach breakdown of

your Form 1120, line 17) .............................................................................................. 2a.

2b. Federal tax exempt interest ......................................................................................... 2b.

2c. Contributions used to compute qualified endowment credit .........................................2c.

2d. Income/loss of foreign parent and foreign subsidiaries for worldwide combined filers 2d.

2e. Income/loss of unitary corporations not included in federal consolidated return ......... 2e.

2f. Extraterritorial income exclusion................................................................................... 2f.

2g. Deemed dividends—Water’s Edge filers only. (attach Schedule WE) ......................... 2g.

2h. Income/loss of corporations incorporated in tax havens—Water’s Edge filers only .... 2h.

2i. Federal capital loss carry-over utilized on federal return ...............................................2i.

2j. All of your other additions (attach a detailed breakdown)..............................................2j.

Add lines 2a through 2j and enter the result. This is the total of your additions. ....................................... 2.

3. Reductions

3a. IRC Section 243 dividend received deduction ............................................................. 3a.

3b. Nonbusiness income (attach a detailed breakdown) ................................................... 3b.

3c. Montana recycling deduction (attach Form RCYL).......................................................3c.

3d. Income/loss of nonunitary corporations included in federal consolidated return ......... 3d.

3e. Income/loss of 80/20 companies—Water’s Edge filers only ........................................ 3e.

3f. Capital loss incurred in current year (attach federal Schedule D) ................................ 3f.

3g. All of your other reductions (attach a detailed breakdown) ......................................... 3g.

Add lines 3a through 3g and enter the result. This is the total of your reductions. .................................... 3.

4. Add lines 1 and 2, then subtract line 3 and enter the result. This is your adjusted taxable income. ......... 4.

5. Income apportioned to Montana (multiply line 4 X___________% from Schedule K, line 5) .......................... 5.

Combined filers must use the Schedule K included on page 5 of Form CLT-4.

6. Enter the income that you allocated directly to Montana (attach a detailed breakdown) ................................ 6.

7. Montana taxable income before net operating loss (add lines 5 and 6 or enter amount reported on line 4) .. 7.



If line 7 is a loss, do you wish to forego the net operating loss carry-back provision?

Yes

Note: If you have reported a loss on line 7 and have not checked either box, the loss has to be carried back first.

8. Enter your Montana net operating loss carried over to this period (attach a detailed schedule) ..................... 8.

9. Subtract line 8 from line 7 and enter the result here. This is your Montana taxable income. ..................... 9.

10. Multiply line 9 by 6.75% (or line 9 by 7% if you have a valid Water’s Edge election). This is your Montana tax

liability. (This amount cannot be less than the minimum tax liability of $50.) ............................................... 10.

Check this box if you are calculating your tax liability using the Alternative Tax method.

*20010301*

Form Clt-4 - Montana Corporation License Tax Return - 2010 Page 3