Form Al-1120 - Corporate Income Tax Return - 2006 Page 2
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3AL-1120 2006
SCHEDULE C
Schedule C is used for adjustments provided for in the city income tax ordinance. Adjustments must be for same time period as the
return. Schedule C adjustments are allowed to the extent they are related to income reported on page 1, line 1.
Column 1 - Add - Items not deductible
Column 2 - Deduct - Items Deductible
Nondeductible portion of loss, from sale of
Interest from obligations of the United States, the
1.
1.
property acquired prior to January 1, 1972
states or subordinate units of government.
1.
1.
2.
All expenses (include interest) incurred in
2.
Dividend received deduction; exclude any included
connection with income not subject to Albion
In line 1 above.
2.
2.
income tax
3.
Albion income tax paid or accrued
3.
Foreign Tax deduction
3.
3.
4.
Other (list, submit schedules)
4.
Non taxable portion of gain from sales of property
4.
acquired prior to January 1, 1972
Other (list, submit schedules)
5.
5.
5.
6.
6.
Total Additions (enter on page 1, line 2).
Total Deductions (enter on page 1, line 4).
SCHEDULE D
A
B
C
Located
Located in
Percentage
Property Factor
Everywhere
Albion
B/A
1.
Average net book value of real and tangible personal property
1.
2.
Gross rentals of real property, multiplied by 8
2.
%
Total Property. Add lines 1 and 2 in columns A and B
3.
3.
Payroll Factor
%
4.
4.
Total wages, salaries, commissions and other compensation of all employees
Sales Factor
%
5.
Gross receipts from sales made or services rendered.
5.
Percentages. Divide column B by column A for lines 3, 4 and 5; enter percentages in column C.
%
6.
Add and enter total for column C:
6.
7.
Average percentage. Divide line 6 by 3, enter on AL-1120, line 6
7.
%
In determining the average percentage, if a factor does not exist, the sum of the percentages must be divided by number of factors actually used.
Special Apportionment Formula.
If the City of Albion authorized the use of a special formula, attach computations, a copy of the approval letter and complete:
1. Numerator used in computation:
2. Denominator:
3. Percentage; enter here and on line page 1 line 6:
STATEMENT OF BUSINESS ENTERPRISE
A.
Enter name and address of corporation's resident agent in Michigan:
B.
Attach a schedule listing all officers of this corporation who are Albion residents; include name, address, and social security numbers.
C.
If this is a consolidated return attach a schedule listing the names, addresses and percentage of voting stock of included corporations.
D.
Provide name, address and percentage owned for any owner of 50 percent or more of voting stock of this corporation:
E.
Indicate the number of Albion locations included in this return:_____________
F.
Indicate the total dividends paid to all stockholders during the period covered by this return: $______________
Authorized Signature and Preparer Signature
I declare under penalty of perjury that I have examined this return,
I declare under penalty of perjury that this return is based on all information
including accompanying schedules, and to the best of my knowledge it is
of which I have any knowledge.
true and complete.
Authorized Person's Name (please print)
Preparer's Signature
Date
Authorized Person's Signature
Date
Business Address and Phone
Mail to: City of Albion, Income Tax Division, 112 West Cass St., Albion, MI 49224-0900
th
This return is due April 30, 2007 or by the last day of the 4
month after your tax year closes.
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