Form Sf-1120 - Corporation Income Tax Return - City Of Springfield - 2007 Page 3

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SF-1120
CITY OF SPRINGFIELD
2007
CORPORATION INCOME TAX RETURN
or Fiscal Year Beginning ________, 2007 and ending _________,
Federal Employer Identification Number
Name
Address (Number and Street or Rural Route)
City or Town
State
Zip Code
A. Amended return?►
See instructions
E. Initial Springfield Return►______________________
B. Is this amended as a result of a federal audit?►
Yes
No
F. Final Springfield Return►______________________
C. If yes, enter the federal determination date.►________________
G. Did you file a consolidated return with the IRS?►
Yes
No
D. Is this a consolidated return?►
Yes
No
H. Short period ►
Round numbers to
nearest dollar
TAX COMPUTATION
1. Taxable income before net operation loss deduction and special deductions
per U.S. 1120 or per pg. 2, Sch S, Line 5 (attach complete copy of Federal
1120, 1120A or 1120S and Sch K as filed with the IRS)
1.
2. Enter items not deductible under Springfield Income Tax Ordinance (from pg. 2,
Sch C, column 1, line 5)
2.
3. TOTAL (add lines 1 and 2)
3.
4. Enter items not taxable under Springfield Income Tax Ordinance (from pg. 2, Sch C,
column 2, line 12)
4.
5. TOTAL (line 3 less line 4)
5.
6. Apportionment percentage from Sch D line 5
6.
%
7. TOTAL (multiply line 5 by percentage on line 6)
7.
8. ADJUSTMENTS: applicable portion of net operations loss carryover and/or capital
loss carryover and/or allocated partnership income (Sch G line 4)
8.
9. TOTAL income subject to tax (line 7 less line 8)
9.
10. Tax (multiply line 9 by 1% [.01])
10.
PAYMENTS AND CREDITS
11. 2007 estimated payments, credits and other payments (see instructions)
11.
TAX DUE OR REFUND
12. If line 11 is larger than 10, enter amount of overpayment
12.
13. Amount to be credited to 2008 estimated tax
13.
14. Amount to be refunded via refund check
14.
15. If line 10 is larger than line 11, enter amount of tax due (Make check payable to: City of Springfield)
15.
16. Electronic refund or payment
Mark one:
Refund-direct deposit
Pay tax due-electronic
Electronic funds withdrawal
funds withdrawal
effective date: ____________________
(if blank default is date return processed)
a. Routing number: __________________________
b. Type of account: Checking
Savings
c. Account number: __________________________

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