Instructions For The Special Partnership Informative Income Tax Return Form 480.10(E) (Page 8 of 9) in pdf

Instructions For The Special Partnership Informative Income Tax Return Form 480.10(E) Page 8

Instructions Form 480.10(E)

PART XI - ANALYSIS OF UNDISTRIBUTED

PROFITS PER BOOKS

Enter the profits not distributed to the partners at

the closing of the taxable year of the partnership.

PART XII - COMPUTATION OF GROSS

INCOME PERCENTAGE DERIVED FROM

ELIGIBLE ACTIVITIES

Determine the percentage of the gross income

earned by the special partnership from:

1. Puerto Rico sources

2. Eligible activities as defined in Section 1330(a)

of the Code.

PART XIII - QUESTIONNAIRE

Enter all the information required in the questionnaire

in order to process this return.

SIGNATURE AND OATH OF HE RETURN

The return must be signed and sworn before a notary

by the managing partner of the partnership in order

to process the return.

SIGNATURE OF THE RETURN BY THE

SPECIALISTS

Indicate if you paid for the preparation of the

return and make sure that the specialist signs

the return and includes his/her registration

and employer identification number. THE

CODE PROVIDES CIVIL AND CRIMINAL

SANCTIONS TO THOSE SPECIALISTS WHO

FAIL TO SUBMIT THIS INFORMATION OR WHO

DO NOT MEET ANY OTHER STATUTORY

REQUIREMENTS.

The Tax Return Specialist must declare under

penalty of perjury that he/she examined the return

and to the best of his/her knowledge and belief, the

return is correct and complete.

If the return is prepared by an accounting firm duly

registered as a Tax Return Specialist, it must include

the employer identification number, the registration

number and be signed by the authorized person.

Instructions For The Special Partnership Informative Income Tax Return Form 480.10(E) Page 8