Form Al-1120 - Corporate Income Tax Return - 2006

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CITY OF ALBION
2006
CORPORATE INCOME TAX RETURN
AL-1120
(rev 12/06)
Issued under P.A. 284 of 1974. Filing is mandatory.
Beginning
Ending
This return is for calendar year 2006 or for the tax year:
Date>
Date>
Corporation Name
Federal Employer Identification Number
Street Address
State Where Incorporated
Date Incorporated
City
State
Principal Business Activity
Contact Person
Telephone Number
Albion Business Location
Check if an amended return.
Check if amended return is result of a federal audit.
See instructions
If result of federal audit enter determination date:
Check box if you filed a consolidated return with the IRS
Check box if this is a consolidated return.
Tax Computation
Enter taxable income (before net operating loss and special deductions) from attached
1.
copy of Federal return as filed with the IRS. OR, if you have been approved to use a
separate accounting method enter income from attached Schedule PL, Profit or Loss
Statement, attach copy of approval letter. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ►
1.
Enter items not deductible under city income tax ordinance from Schedule C, column 1 on
2.
page 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ►
2.
3.
Total (add lines 1 & 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ►
3.
Enter items not taxable under city income tax ordinance from Schedule C, column 2 on
4.
page 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ►
4.
5.
Total (line 3 less line 4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ►
5.
Apportionment percentage from Schedule D. If all business is conducted in Albion, enter
6.
100 percent and do not complete Schedule D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ►
%
6.
7.
Multiply line 5 by the percent on line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ►
7.
Enter the applicable portion of any net operating loss carryover or capital loss carryover,
8.
attach schedule (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ►
8.
9.
Net income. Subtract line 8 from line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .►
9.
10.
Tool & Die Recovery Zone Deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ►
10.
11.
Total income subject to tax. Subtract line 10 from line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . ►
11.
12.
City of Albion Tax. Multiply line 11 by 1% (.01) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ►
12.
Payments and Credits
13. Enter any amount paid with tentative return or extension. . . . . . . . . ►
13.
14. Enter 2006 estimated payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . ►
14.
15. Credits forward. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ►
15.
16. Total payments (add lines 13, 14 & 15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ►
16.
Tax Due or Refund
17. If tax (line 12) is more than payment/credits (line 16), enter the BALANCE DUE
17.
Include interest
and penalty
if applicable.
Make check payable to: City of Albion
18. If tax (line 12) is less than payments/credits (line 16) enter the overpayment . . . . . . . . . . . ►
18.
19. Enter the amount of overpayment from line 18 to be DONATED TO THE OPERATIONAL
EXPENSES OF THE CITY OF ALBION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ►
19.
20. Enter the amount of overpayment from line 18 to be
CREDITED FORWARD
. . . . . . . . . ►
20.
REFUNDED
21. Enter the amount of overpayment from 18 to be
. . . . . . . . . . . . . . . . . . . . . . ►
21.

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