Form 512-X - Amended Corporation Income Tax Return - 2002 Page 2
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4Schedule A
Form 512X - Page 2
For corporations whose income is all within Oklahoma and/or
for corporations whose income is partly within and partly without Oklahoma (Not Unitary)
Enclose a complete copy of your Federal return (1120-X, 1139 or amended 1120)
IMPORTANT -- All applicable lines and schedules must be completed.
Column A
Column B
Gross Income
As Reported on
Total Applicable
Federal Return
to Oklahoma
1
1
Gross receipts or gross sales
Less: Returns and allowances
...........
2
2
Less: Cost of goods sold
........................................................................
3
3
Gross profit
................................................................................................
4
4
Dividends
...................................................................................................
Interest on obligations of the United States and U.S. Instrumentalities
5
5
...
6a
6
(a) Other Interest
.......................................................................................
6b
(b) Municipal Interest
................................................................................
7
7
Gross rents
.................................................................................................
8
8
Gross royalties
...........................................................................................
9
9a
(a) Net capital gains
..................................................................................
9b
(b) Ordinary gain or (loss)
........................................................................
10
Other income
10
.............................................................................................
11
11
TOTAL INCOME-Add lines 3 through 10
.................
Deductions
12
12
Compensation of officers
.........................................................................
13
13
Salaries and wages
..................................................................................
14
14
Repairs
.......................................................................................................
15
15
Bad debts
...................................................................................................
16
16
Rents
...........................................................................................................
17
17
Taxes
..........................................................................................................
18
18
Interest
.......................................................................................................
19
19
Contributions
.............................................................................................
20
20
Amortization
..............................................................................................
21
21
Depreciation
...............................................................................................
22
22
Depletion (see instructions below)
.........................................................
23
23
Advertising
.................................................................................................
24
24
Pension, profit-sharing, etc., plans
.........................................................
25
25
Employee benefit programs
....................................................................
26
26
Other deductions (enclose schedule)
....................................................
27
27
TOTAL DEDUCTIONS - Add lines 12 through 26
........
Taxable income before net operating loss deductions and special deductions
28
28
......
Less: (a) NOL deduction (schedule)
..
29 a
29
29 b
(b) Special deductions
...............
29
Taxable income (line 28 less line 29) (enter on line 1, page 1)
.........
30
30
NOTE: Indicate method used to allocate expenses to Oklahoma and enclose schedule of computations
Oklahoma Depletion in Lieu of Federal Depletion
Oklahoma depletion on oil and gas may be computed at 22% of gross income derived from each Oklahoma property during the taxable
year but limited to 50% of the net income from such property
for 1996 tax years and prior and for tax year
(computed without allowance for depletion)
2000. For tax years 1997 through 1999 and for tax year 2001 and subsequent, only major oil companies, as defined in Section 288.2 of
Title 52 of the Oklahoma Statutes, when computing Oklahoma depletion shall be limited to 50% of the net income from each property.
General and administrative expense (computed on basis of Oklahoma direct expense to total direct expense) must be
NOTE:
deducted before applying the 50% test.
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