Instructions For Form 1120-Fsc - U.s. Income Tax Return Of A Foreign Sales Corporation - 2004 Page 14

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Using the list of activities and codes below,
Once the principal business activity is determined,
Forms 1120-FSC
determine from which activity the FSC derives the
entries must be made on Form 1120-FSC, page 2,
largest percentage of its “total receipts.” Total
Additional Information, lines 1a, 1b, and 1c. For the
Principal Business Activity Codes
receipts is defined as the sum of the foreign trading
business activity code number, enter the six digit
gross receipts on Form 1120-FSC, page 3, Schedule
code selected from the list below. On line 1b, enter a
This list of principal business activities and their
B, line 6a, and the total income on page 4, Schedule
brief description of the FSC’s business activity.
associated codes is designed to classify an
F, lines 4 and 17. If the FSC’s largest percentage of
Finally, enter a description of the principal product or
enterprise by the type of activity in which it is
its total receipts is derived from the wholesale
service of the FSC on line 1c.
engaged to facilitate the administration of the
Internal Revenue Code. These principal business
trading of durable goods, the FSC must use one of
the corresponding codes from the list below
activity codes are based on the North American
(423100-423990).
Industry Classification System.
Code
Code
Code
Code
Wholesale Trade
424700 Petroleum & Petroleum
512200 Sound Recording Industries
532210 Consumer Electronics &
Products
Appliances Rental
Broadcasting (except Internet)
Merchant Wholesalers, Durable
424800 Beer, Wine, & Distilled
532220 Formal Wear & Costume
515100 Radio & Television
Goods
Alcoholic Beverages
Rental
Broadcasting
423100 Motor Vehicle & Motor
424910 Farm Supplies
532230 Video Tape & Disc Rental
Vehicle Parts & Supplies
515210 Cable & Other Subscription
424920 Book, Periodical, &
532290 Other Consumer Goods
Programming
423200 Furniture & Home
Newspapers
Rental
Furnishings
Internet Publishing and
424930 Flower, Nursery Stock, &
532310 General Rental Centers
Broadcasting
423300 Lumber & Other Construction
Florists’ Supplies
532400 Commercial & Industrial
Materials
516110 Internet Publishing &
424940 Tobacco & Tobacco Products
Machinery & Equipment
Broadcasting
423400 Professional & Commercial
Rental & Leasing
424950 Paint, Varnish, & Supplies
Equipment & Supplies
Telecommunications
424990 Other Miscellaneous
423500 Metal & Mineral (except
517000 Telecommunications
Professional Services
Nondurable Goods
Petroleum)
(including paging, cellular,
satellite, cable & other
Architectural, Engineering, and
Wholesale Electronic Markets and
423600 Electrical & Electronic Goods
program distribution,
Related Services
Agents and Brokers
423700 Hardware, & Plumbing &
resellers, & other
541310 Architectural Services
Heating Equipment &
425110 Business to Business
telecommunications)
Supplies
Electronic Markets
541320 Landscape Architecture
Internet Service Providers, Web
Services
425120 Wholesale Trade Agents &
423800 Machinery, Equipment, &
Search Portals, and Data Processing
Supplies
Brokers
541330 Engineering Services
Services
423910 Sporting & Recreational
541340 Drafting Services
518111 Internet Service Providers
Information
Goods & Supplies
541350 Building Inspection Services
518112 Web Search Portals
423920 Toy & Hobby Goods &
Publishing Industries (except
541360 Geophysical Surveying &
Supplies
518210 Data Processing, Hosting, &
Internet)
Mapping Services
Related Services
423930 Recyclable Materials
511110 Newspaper Publishers
541370 Surveying & Mapping (except
Other Information Services
423940 Jewelry, Watch, Precious
Geophysical) Services
511120 Periodical Publishers
519100 Other Information Services
Stone, & Precious Metals
511130 Book Publishers
541380 Testing Laboratories
(including news syndicates &
423990 Other Miscellaneous Durable
511140 Directory & Mailing List
Other Professional Services
libraries)
Goods
Publishers
541600 Management Consulting
Merchant Wholesalers, Nondurable
511190 Other Publishers
Services
Rental and Leasing
Goods
511210 Software Publishers
Rental and Leasing Services
424100 Paper & Paper Products
Motion Picture and Sound
532100 Automotive Equipment Rental
424210 Drugs & Druggists’ Sundries
Recording Industries
& Leasing
424300 Apparel, Piece Goods, &
512100 Motion Picture & Video
Notions
Industries (except video
424400 Grocery & Related Products
rental)
424500 Farm Product Raw Materials
424600 Chemical & Allied Products
-14-

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