Instructions For Form 41 - Idaho State Tax Commission

FORM 41 SPECIFIC INSTRUCTIONS

Instructions are for lines not fully explained on the form.

General information instructions beginning on page 1 also apply to this form.

HEADING

filing this return and another corporation, check the "Yes"

File the 1998 return for calendar year 1998 or a fiscal year that

box.

begins in 1998. For a fiscal year, fill in the tax year space at the

d. Check the "Yes" box if this is a combined report and two or

top of the form.

more corporations included in the report are authorized to

transact business in Idaho or are transacting business in Idaho.

If you received a preaddressed label that is in error, correct the

label and place it over the name and address area of the return.

Question 10 MULTINATIONAL TAXPAYER

If you did not receive a preaddressed label, type or print the

a. If the corporation filing this return is a multinational taxpayer,

business/company name, address, and federal employer identi-

indicate whether the return is prepared on a worldwide or

fication number in the space provided.

water's edge method.

b. If this return is filed by a multinational taxpayer using the

QUESTIONS 1-11

water's edge method, you may elect to forego filing the do-

Mark the appropriate box and provide the requested informa-

mestic disclosure spreadsheet by checking the "Yes" box.

tion. Each question must be answered or the return will be

considered incomplete. Incomplete returns will cause process-

Question 11 COMPUTING FOREIGN INCOME

ing delays.

Check the "Yes" box if the income of foreign subsidiaries is

computed by conforming their profit and loss statements to tax

Question 1 NAME CHANGE

accounting standards that would be required by the Internal

Question 1 NAME CHANGE

If the corporation changed its name since it last filed, check the

Revenue Service if the foreign subsidiaries were required to file

"Yes" box and enter the name the way it appeared on the last

federal income tax returns. All book to tax adjustments must

return filed.

be made for all foreign subsidiaries if this method is used.

ADDITIONS

Question 2 FEDERAL AUDIT

If a federal audit was finalized during the tax year, enter the

LINE 12

LINE 12 FEDERAL TAXABLE INCOME

FEDERAL TAXABLE INCOME

most recent tax year covered in the audit.

Enter the taxable income from federal Form 1120, line 30 or

federal Form 1120-A, line 26.

Question 3 INACTIVE OR NAMEHOLDER CORPORATIONS

A corporation that is authorized to transact business in Idaho

Unitary groups having only domestic affiliates (not using Part II,

but has no business activity and no income attributable to Idaho

Schedule 42) should make the following adjustments to the fed-

would check the "Yes" box.

eral consolidated taxable income:

Question 4 QUARTERLY ESTIMATED PAYMENTS

•

include the amount of federal taxable income of unitary

a. Check the "No" box if the corporation was not required to

affiliates commonly owned more than 50% that were not

make federal quarterly estimated payments in 1998.

included in the federal consolidated return.

b. Check the "Yes" box if your quarterly estimated payments

•

exclude the amount of federal taxable income of affiliates in-

were based on annualized amounts.

cluded in the federal consolidated return that were not unitary.

Question 5 FINAL RETURN

Both amounts should be adjusted for intercompany transactions.

If this is the corporation's final return for Idaho, check the box

that explains the reason and enter the date the event occurred.

Unitary groups with foreign affiliates will make these adjust-

Enter the new federal employer identification number (EIN) if

ments on Schedule 42.

the corporation has merged or reorganized.

LINE 13 INTEREST AND DIVIDENDS NOT TAXABLE UNDER

Question 6 NEXT YEAR'S FORMS

INTERNAL REVENUE CODE

If the corporation does not need income tax forms mailed to it

Enter the interest and dividends net of applicable amortization

next year, check the "No" box.

received or accrued from obligations of any state or political

subdivision excluded from federal taxable income under the pro-

Question 7 EXTENDED FEDERAL DUE DATE FOR SHORT

visions of the Internal Revenue Code. Attach a schedule.

PERIOD RETURN

If this is a short period return and the corporation has an

LINE 14

LINE 14 STATE, MUNICIPAL OR LOCAL TAXES

STATE, MUNICIPAL OR LOCAL TAXES

extended federal due date, enter the federal due date on this line.

Enter the total of all state, municipal and local taxes measured

by net income that have been paid or accrued during the tax

Question 8 ELECTRICAL OR TELEPHONE UTILITY

year less any refunds which have been included in federal tax-

If this return is for an electrical or telephone utility, check the

able income. Attach a schedule of all taxes deducted on the

"Yes" box. Electrical and telephone utilities apportion business

federal return.

income using a different apportionment factor calculation.

LINE 16 DIVIDENDS RECEIVED DEDUCTION

Question 9 COMBINED REPORTING INFORMATION

Enter the special deduction for dividends deducted from federal

Check the "Yes" box if this return is prepared using the com-

income as allowed by Internal Revenue Code Sections 243(a)

bined reporting method. Even if you checked the "No" box,

and (c), 244, 245 and 246A.

answer questions a. through c.

a. If the corporation filing this return owns more than 50% of

LINE 17 O

THER

ADDITIONS

LINE 17 O

LINE 17 OTHER

THER

THER ADDITIONS

ADDITIONS

another corporation, check the "Yes" box.

Enter any miscellaneous Idaho additions. If you are a multina-

b. If another corporation owns more than 50% of the corpora-

tional taxpayer, include the total additions from Schedule 42,

tion filing this return, check the "Yes" box.

Part II, line 8. Attach a schedule identifying each miscellaneous

c. If the same interest owns more than 50% of the corporation

addition.

Instructions For Form 41 - Idaho State Tax Commission - 1998 Page 5

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