Form 480.20 - Corporation Of Individuals Informative Income Tax Return (Page 4 of 4) in pdf

Form 480.20(I) Rev. 05.13

Corporation of Individuals - Page 4

Computation of gross income percentage derived from trade or business

(A) Income from the conduct of a trade or business exclusively in P.R.

(B) Income from non related activities (including income from sources outside of P.R.)

Gross income derived during the period (Add Columns A and B) ..........................................................................

(1)

_______________________________________________________

Gross income from the trade or business (Column A) ..........................................................................................

(2)

________________________________________________________

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

(3)

Questionnaire

YES

YES NO

Did the corporation keep part of its records on a computerized system

transportation or lease? ...............................................

(7c1)

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

(1)

(d) Residential property outside of Puerto Rico?

(7d)

The corporation’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? ........................................................

(7d1)

__________________________________________________________

Did the corporation of individuals claim expenses connected to:

E-mail ___________________________________________________

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

(8a)

Telephone ________________________________________________

(b) Employees attending conventions or meetings outside Puerto

Check accounting method used:

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

(8b)

Cash

Accrual

Did the corporation of individuals have earnings or profit related to

Others (specify): _________________________________

periods when it was not a corporation of individuals, or received in

Did the corporation file the following documents?

liquidations or reorganizations? ...............................................

(9)

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

(4a)

Enter amount ___________________________________________

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

(4b)

10.

Is the corporation of individuals a partner in a partnership or special

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

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

(10)

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

(5)

Name__________________________________________________

Is the corporation a member of a group of related entities? ................

(6)

Employer Identification Number of the inferior Partnership or Special

Did the corporation claim deductions for expenses connected with

Partnership____________________________________________

ownership, use, maintenance and depreciation of:

Enter the proportion of participation _________________________

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

(7a)

11.

Enter the amount of charitable contributions to municipalities included

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

(7b)

in Part VII, line 37__________________

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

12.

Did the corporation of individuals receive income from temporary

exclusively related to fishing or passengers or cargo

investment during the first 36 months of starting the trade or business?

(12)

transportation or lease? ...................................................

(7b1)

13.

Number of stockholders ___________________

(7c)

14.

Number of employees ____________________

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

exclusively

passengers

cargo

OATH

I _________________________________________, principal officer of the corporation for which this Corporation of Individuals 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.

___________________________________________________________________

Principal officer'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 here 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

No. If you answered "Yes", require the Specialist's signature and registration number.