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Taxpayers using separate accounting shall include in income subject to

LINE 8 AND LINE 9. Taxpayers may deduct income, war profits and

tax a proportionate share of dividends, interest and other non-operating

excess profits taxes imposed by foreign countries or possessions of the

income of the total corporation. This type of income is apportioned to

United States, allocable to income included in taxable net income, any

Springfield activity on the same basis as general administrative and

part of which would be allowable as a deduction in determining federal

overhead costs are apportioned.

taxable income under the applicable provisions of the federal Internal

Revenue Code.

SCHEDULE G

If a foreign tax credit, rather than a foreign tax deduction, was claimed on

LINE 1. Net operating losses carried forward are to be reported on this

your federal return, enter on line 8 the portion of the foreign tax credit

line. There is no provision for carrying back losses to prior tax years.

which was grossed up and included in your Springfield return as dividends

Carryover losses are to be allocated to Springfield at the percentage of

received.

business conducted in Springfield in the year in which the loss was

Enter on line 9 the "foreign taxes paid or accrued" portion of the foreign

sustained. If all business was not conducted in Springfield in the year in

tax credit claimed on your federal return, not in excess of the federal

which the loss was sustained, use the business allocation percentage

limitations thereon. The balance of your foreign tax credit is not deductible.

formula to arrive at the deductible portion of the loss. Attach a schedule

showing your computation for the amount reported on this line.

LINE 10. Enter on line 10 the nontaxable portion of a gain from the sale

LINE 2. Enter on this line the net capital loss carryover applicable to

or exchange of property acquired prior to January 1, 1989. The portion of

Springfield. Net capital losses sustained by a corporation for periods

the gain occurring prior to the inception of the Ordinance, January 1,

subsequent to January 1, 1989, may be carried forward in the same

1989, is not recognized. Refer to the instructions for Schedule C, line 1

manner as under the federal Internal Revenue Code. No deduction will be

for computation instructions.

allowed for capital losses sustained prior to January 1, 1989. If all

Capital gains from US Government obligations included in income

reported on page 1, line 1, are not taxable.

Remove these gains by

business was not conducted in Springfield in the year in which the loss

including them in the amount reported on line 10.

was sustained, use the business allocation percentage formula to arrive at

the deductible portion of the loss. Attach a schedule showing you

LINE 11.

Enter income from entities filing as partnerships that are

computation for the amount reported on this line.

included in taxable income reported on page 1, line 1.

LINE 3. Corporations who are partners in a business activity taxed as a

SCHEDULE D

partnership that has business activity in Springfield must enter on this line

their portion of the Springfield taxable income or loss from the partnership

The business allocation percentage formula must be used by corporations

(s). Attach a schedule showing your computation for the amount reported

with business activity both within and outside the City of Springfield who

on this line including the name and taxpayer identification number of the

have not been approved to use the separate accounting method.

partnership(s).

LINE 1a. Enter in column 1 the average net book value of all real and

DECLARATION AND PAYMENT OF ESTIMATED TAX

tangible personal property owned by the business, regardless of location,

1. WHO MUST FILE: Every corporation subject to the tax on all or part

and in column 2 show the net book value of the real and tangible personal

property owned and located or used in the City of Springfield. The average

of its net profits must file a Declaration of Estimated Income Tax (Form

SF-1040ES). A Declaration is not required from corporations if the

net book value of real and tangible personal property may be determined

estimated tax is two hundred fifty dollars ($250.00) or less.

by adding the net book values at the beginning of the year and the net

2 . WHEN AND WHERE TO FILE AND PAY:

book values at the end of the year and dividing the sum thus obtained by

two.

A. Declaration for Calendar Year. The Declaration for a calendar year

LINE 1b. Enter in column 1 the gross annual rent multiplied by 8 for all

must be filed on or before April 30th of that year. The estimated tax

rented real property regardless of location. In column 2 show the gross

is payable in equal installments on or before April 30th, June 30th,

annual rent multiplied by 8 for rented real property located in the City of

September 30th and January 31st.

Springfield. Gross annual rent refers to real property only, rented or

B. Declaration for Fiscal Year: The Declaration for a year or period

leased during the taxable period, and should include the actual sums of

differing from the calendar year must be filed within four (4) months

money or other consideration paid, directly or indirectly, by the taxpayer or

after the beginning of each fiscal year or period. For example, if a

the use or possession of such property.

fiscal year begins on April 1st, the Declaration will be due on July

31st. Remaining installments will then be due on the last day of the

LINE 2. Enter in column 1 the total compensation paid to all employees

6th, 9th and 13th months after the beginning of the fiscal year.

during the year, and in column 2 show the amount of compensation paid to

employees for work or services performed within the City of Springfield

C. Filing and Payment: The Declaration should be filed with City of

during the year.

Springfield 601 Avenue A Springfield MI 49015. The first installment

LINE 3. Enter in column 1 the total gross revenue from all sales or

payment must accompany the Declaration. The estimated tax may be

paid in full with the Declaration.

services rendered during the year, and in column 2 show the amount of

revenue derived from sales made or services rendered in the City of

ASSISTANCE

Springfield during the year. If there is no regularly maintained sales force

If you have questions, would like to request forms, or need assistance in

outside of the city, this allocation factor must be 100% for businesses with

preparing your return call (269) 965-8324. Questions by mail should be

no other business activity outside the city.

directed to: Springfield Income Tax Department, 601 Avenue A, Springfield

MI 49015.

Separate Accounting - The taxpayer may petition for, or the Finance

Director may require, use of the separate accounting method. If such

WEBSITE

method is petitioned, the Finance Director may require a detailed

Income tax forms, instructions and additional information are available

statement to determine whether the net profits attributable to the city will

under the Income Tax Department City of Springfield web site, www.

be apportioned with reasonable accuracy (Ordinance Section 19).

Generally, a corporation that is unitary in nature (i.e., has central

NOTICE

management, purchasing, warehousing, advertising, etc.) cannot use

These instructions are interpretations of the Springfield Income Tax

separate accounting. Taxpayers allocating on any basis other than

Ordinance. The Ordinance will prevail in any disagreement between the

separate accounting shall include all interest, dividends and other non-

instructions and the Ordinance.

operating income to arrive at the total income subject to the allocation

percentage.

Page 2

Instructions For Form Sf-1120 - Corporation Income Tax Return - City Of Springfield - 2006 Page 2

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