Form Sf-1120 - Income Tax Corporate Return - 1999 Page 2
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1
2APPLIES TO SPRINGFIELD LOCATION ONLY
SCHEDULE C–PROFIT (OR LOSS) FROM BUSINESS
ATTACH A COMPLETE COPY OF YOUR FEDERAL 1120 OR 1120S.
BUSINESS DEDUCTIONS
. 00
. 00
1
Gross Receipts. . . . . . . . . . . . . . . . . . . . . . . . . .
1
$ _________________
12
Compensation of officers . . . . . . . . . . . .
12
$ _______________
. 00
. 00
2
Less returns and allowances . . . . . . . . . . . . . . .
2
__________________
13
Salaries and wages-not deducted elsewhere.
13
________________
. 00
. 00
3
Net Receipts. . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
__________________
14
Rents . . . . . . . . . . . . . . . . . . . . . . . . . . .
14
________________
. 00
15
Depreciation . . . . . . . . . . . . . . . . . . . . . .
15
________________
COST OF GOODS SOLD
. 00
. 00
4
Inventory at beginning of period . . . . . . . . . . . . .
4
__________________
16
Contributions . . . . . . . . . . . . . . . . . . . . .
16
________________
. 00
. 00
5
Merchandise bought for manufacture or sale. . .
5
__________________
17
Taxes (attach statement) . . . . . . . . . . . .
17
________________
. 00
. 00
6
Salaries and wages . . . . . . . . . . . . . . . . . . . . . .
6
__________________
18
Interest . . . . . . . . . . . . . . . . . . . . . . . . . .
18
________________
. 00
. 00
7
Other costs (attach statement) . . . . . . . . . . . . . .
7
__________________
19
Repairs . . . . . . . . . . . . . . . . . . . . . . . . . .
19
________________
. 00
. 00
8
Total—lines 4 through 7 . . . . . . . . . . . . . . . . . . .
8
__________________
20
Bad Debts . . . . . . . . . . . . . . . . . . . . . . .
20
________________
. 00
. 00
9
Less inventory at end of period . . . . . . . . . . . . .
9
__________________
21
Other (attach statement) . . . . . . . . . . . .
21
________________
. 00
. 00
10
Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . .
10
__________________
22
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22
________________
. 00
. 00
11
Gross Profit—line 3 less line 10 . . . . . . . . . . . . .
11
__________________
23
Total—lines 12 through 22 . . . . . . . . . . .
23
________________
. 00
24
Net profit or loss—line 11 less line 23 . .
24
________________
. 00
25
Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25
________________
. 00
26
Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
26
________________
. 00
27
Income from rents and royalties. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27
________________
. 00
28
Gain or loss from sale or exchange of property (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
28
________________
. 00
29
Other income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
29
________________
. 00
30
Total income (add lines 24 through 29) Enter here and on p. 1 line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
30
________________
SCHEDULE D—BUSINESS ALLOCATION PERCENTAGE
To compute the percentage for column III, divide column II by column I.
COLUMN I
COLUMN II
COLUMN III
Located
Located in
Percentage
Everywhere
Springfield
. 00
. 00
1A Average net book value of REAL AND TANGIBLE PERSONAL PROPERTY . . . .
$ _______________
$ _______________
. 00
. 00
1B Gross annual rent paid for REAL PROPERTY only, multiplied by 8. . . . . . . . . . . .
________________
________________
. 00
. 00
1C TOTAL—ADD lines 1A and 1B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
________________
________________
____________ %
2
Total WAGES, SALARIES, COMMISSIONS and OTHER COMPENSATION
. 00
. 00
of all employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
________________
________________
____________ %
. 00
. 00
3
GROSS RECEIPTS from sales made or services rendered. . . . . . . . . . . . . . . . . .
________________
________________
____________ %
4
ADD together the percentages in COLUMN III . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
____________ %
5
BUSINESS ALLOCATION PERCENTAGE—DIVIDE total from line 4 by the number *three, enter here and on PAGE 1, LINE 6 . . . .
____________ %
*When computing the Business Allocation Percentage, a factor should only be excluded from the computation when such a factor does not apply to the taxpayer’s
business operation. The sum of percentages in column III should be divided by the number of factors actually used.
SCHEDULE E
Schedule E is used to adjust the amount reported on page 1, line 1, to give effect to the requirements of the City of Springfield Income Tax Ordinance. The time
period used to compute items for Schedule E must be the same as the time period used to report income on page 1, line 1. Schedule E adjustments are allowed
only to the extent directly related to the NET INCOME as shown on page 1, line 1.
PERIOD FROM: ____________________ TO: ____________________
mo
day
yr
mo
day
yr
COLUMN 1
COLUMN 2
ADD—Items Not Deductible
DEDUCT—Items Not Taxable and Allowed Deductions
1
Adjustments to income relating to prior periods
6
Interest from U.S. obligations and from United
. 00
. 00
(See instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$_______________
States governmental units . . . . . . . . . . . . .
$ ______________
2
All expenses (including interest) incurred in connection
7
Dividends-Received-Deduction (exclude divi-
. 00
with derivation of income not subject to Springfield
dends in line 6 above) . . . . . . . . . . . . . . . .
_______________
. 00
income tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
________________
. 00
. 00
3
Springfield income tax paid or accrued . . . . . . . . . . . . .
________________
8
Dividend gross up of foreign taxes . . . . . . .
_______________
. 00
. 00
4
Other (submit schedule) . . . . . . . . . . . . . . . . . . . . . . . . .
________________
9
Foreign tax deduction. . . . . . . . . . . . . . . . .
_______________
. 00
. 00
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
________________
10 Other (submit schedule) . . . . . . . . . . . . . . .
_______________
. 00
. 00
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
________________
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
_______________
. 00
. 00
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
________________
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
_______________
. 00
5
ADD—Lines 1, 2, 3 and 4. (enter on page 1, line 2). . . .
$ _______________
11 TOTAL DEDUCTIONS—ADD Lines 6, 7, 8,
. 00
9 and 10 (enter on page 1, line 4) . . . . . . .
$ ______________
page 4
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