Schedule P (Form 1120-Ic-Disc) - Intercompany Transfer Price Or Commission
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1
2Intercompany Transfer Price or Commission
SCHEDULE P
(Form 1120-IC-DISC)
Attach a separate schedule for each transaction or group of transactions to
which the intercompany pricing rules under section 994(a)(1) and (2) are applied.
(Rev. September 2017)
OMB No. 1545-0123
Go to for the latest information.
Department of the Treasury
For the calendar year 20
, or fiscal year beginning
, 20
, and ending
, 20
Internal Revenue Service
For amount reported on line
, Schedule
, Form 1120-IC-DISC
Employer identification number
Name as shown on Form 1120-IC-DISC
Identify product or product line reported on this schedule. Also, enter the Principal Business Activity code
This schedule is for a (check one):
number, if used. See instructions.
Single transaction .
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Group of transactions .
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Part I
IC-DISC Taxable Income
SECTION A—Combined Taxable Income
Section A-1—If marginal costing is not used
1
Gross receipts from transaction between IC-DISC (or related supplier) and third party
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1
2
Less costs and expenses allocable to gross receipts from transaction:
a Cost of goods sold from property if sold, or depreciation from property if leased
2a
b Related supplier’s expenses allocable to gross receipts from transaction .
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2b
c IC-DISC export promotion expenses allocable to gross receipts from transaction
2c
d Other IC-DISC expenses allocable to gross receipts from transaction .
2d
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e Add lines 2a through 2d .
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2e
3
Combined taxable income. Subtract line 2e from line 1. If a loss, enter -0- .
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3
Section A-2—If marginal costing is used
4
Gross receipts from resale by IC-DISC (or sale by related supplier) to third party
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4
5
Costs and expenses allocable to gross receipts from sale:
a Cost of direct material from property sold .
5a
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b Cost of direct labor from property sold .
5b
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c IC-DISC export promotion expenses allocable to gross receipts from sales that
are claimed as promotional .
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5c
d Add lines 5a through 5c .
5d
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6
Combined taxable income or (loss) before application of overall profit percentage limitation. Subtract
line 5d from line 4. If a loss, skip lines 7 through 11 and enter -0- on line 12 .
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6
7
Gross receipts of related supplier and IC-DISC (or controlled group) from all foreign and domestic sales
of the product or product line .
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7
8
Costs and expenses of related supplier and IC-DISC (or controlled group) allocable to gross income
from such sales:
a Cost of goods sold from property sold
8a
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b Expenses allocable to gross receipts from such sales
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8b
c Add lines 8a and 8b
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8c
9
9
Subtract line 8c from line 7. If a loss, skip lines 10 and 11 and enter -0- on line 12 .
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10
Overall profit percentage. Divide line 9 by line 7. Check if controlled group optional method
%
is used .
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10
▶
11
11
Overall profit percentage limitation. Multiply line 4 by line 10 .
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12
Combined taxable income. Enter the smaller of line 6 or line 11
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12
SECTION B—50-50 Combined Taxable Income Method (Must be used if marginal costing is used. See instructions.)
13
13
Combined taxable income. Enter amount from line 3 or line 12
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14
Multiply line 13 by 50% (0.50) .
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14
15
Enter 10% (0.10) of IC-DISC export promotion expenses allocable to gross income from transactions
that are claimed as export promotion .
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15
16
16
Add lines 14 and 15
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17
IC-DISC taxable income. Enter the smaller of line 13 or line 16 .
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17
SECTION C—4% Gross Receipts Method (Cannot be used if marginal costing is used.)
18
18
Gross receipts from transaction. Enter amount from line 1 .
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19
Multiply line 18 by 4% (0.04)
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19
20
Multiply line 2c by 10% (0.10) .
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20
21
21
Add lines 19 and 20
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22
Combined taxable income. Enter amount from line 3 or amount computed under special rule. If special
rule is applied, check here
. See instructions .
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22
23
IC-DISC taxable income. Enter the smaller of line 21 or line 22 .
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23
Cat. No. 11478S
For Paperwork Reduction Act Notice, see the Instructions for Form 1120-IC-DISC.
Schedule P (Form 1120-IC-DISC) (Rev. 9-2017)
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