Form Sf-1120 - Corporation Income Tax Return - City Of Springfield - 2007 Page 4

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SCHEDULE S
Sch S is used by Subchapter S corporations to reconcile the amount reported on line 1, pg. 1 with federal form 1120S and Sch K of federal 1120S
1. Ordinary income (loss) from trade or business (per federal 1120S)
1.
2. Income (loss) per Sch K, federal 1120S, lines 2 through 10
2.
3. Total income (loss) (add lines 1 and 2)
3.
4. Deductions per Sch K, federal 1120S
4.
5. Taxable income before NOL deduction and special deductions (subtract line 4 from line 3) enter on page 1, line 1.
5.
SCHEDULE C
Sch C is used for adjustments provided in the City Income Tax Ordinances. The period of time used to compute these adjustments
must be the same as the time period used to report income. These adjustments are allowed to the extent that they are related to
income reported on pg.1, line 1.
COLUMN 1 - Add Items Not Deductible
COLUMN 2 - Deduct Items Deductible
1. Nondeductible portion of loss, from sale or
6. Interest from obligations of the United States,
exchange of property acquired prior to 1-1-1989.
1.
the states or subordinate units of government.
6.
2. All expenses (including interest) incurred
7. Dividends received deduction
7.
in connection with income
8. Foreign dividend gross up
8.
not subject to Springfield income tax
2.
9. Foreign taxes paid or accrued deduction
9.
3. Springfield income tax paid or accrued
3.
10. Nontaxable portion of gain from sale of
4. Other (submit schedule)
property acquired prior to 1-1-1989
10.
4.
11. Other (submit schedule)
11.
5. Total additions (enter on pg. 1, line 2)
5.
12. Total deductions (enter on pg. 1, line 4)
12.
SCHEDULE D
In the case of a taxpayer authorized by the Finance Director to use a special formula, attach computations and furnish the following:
a. Copy of approval letter
b. Percentage used - enter here ______________ and on pg. 1, line 6.
Are you electing to use the Multistate Tax Compact Provision?
Yes (if yes, attach schedules)
No
Located in
Located
Percentage
Everywhere (col. 1)
Springfield (col. 2)
(col. 2 ÷ col. 1)
INCOME APPORTIONMENT
1. Average net book value of real and tangible personal property
a. Gross annual rent paid for real property multiplied by 8
b. Total (add line 1 and 1a)
%
2. Total wages, salaries, commissions and other compensation of all employees
%
3. Gross receipts from sales made or services rendered
%
4. Total (add lines 1b, 2 and 3. You must compute a percentage for each line)
%
5. Average* (enter here and on page 1, line 6)
%
*In determining the average, divide line 4 by 3. However, if a factor does not exist, divide the sum of the percentages by the number
of factors actually used.
SCHEDULE G - AFTER ALLOCATION ADJUSTMENTS
1. Allocated net operating loss deduction (enter as a negative amount)
1.
2. Allocated capital loss carryover (enter as a negative amount)
2.
3. Allocated partnership income (enter income as a positive and losses as a negative)
3.
4. Total adjustments (add lines1 through 3) enter here and on page 1, line 8
4.
Where incorporated ________________________
Date incorporated __________________ Principal business activity (NAICS) ________________
Number of city locations included in this return ________________
Total number of locations everywhere ______________
Address in Springfield:
Contact person:
THIRD PARTY DESIGNEE Do you want to allow another person to discuss this return with the Income Tax Department?
Yes. Complete the following
NO
Designee's name:
Phone No.
Under penalty of perjury, I declare that I have examined this return (including accompanying schedules and statements) and to the best of
my knowledge and belief it is true, correct and complete. If prepared by a person other than taxpayer, the declaration is based on
all information of which the preparer has any knowledge.
Signature of Officer
Date
Title of Officer
Signature of preparer other than taxpayer
Date
Address
MAILING INSTRUCTIONS: This return is due April 30, 2008 or at the end of the fourth month after the close of your tax year.
Send returns to: City of Springfield Income Tax Department
Check this box if someone else prepared your return and you DO NOT
601 Avenue A, Springfield, MI 49037-7774
need a booklet mailed to you next year.

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