Form Ar1100s - Arkansas S Corporation Income Tax Return - 2010 Page 2
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1
2CTSC102
SCHEDULE A - Worksheet for Apportionment of Multistate Corporation
A. INCOME TO APPORTION:
00
1.
Income: (Enter amount from page 1, Line 27, Total Column )...................................................
1
00
2.
Interest: (Do not include interest from U. S. Government obligations; Attach schedule)...........
2
00
3.
Dividend income: (Attach schedule)..........................................................................................
3
00
4.
Net Income (loss) from rental activities and Royalties: (Attach schedule).................................
4
00
5.
Net capital gain (loss) not listed on page 1: (Attach schedule)..................................................
5
00
6.
Other income (loss): (Attach schedule).....................................................................................
6
00
7.
Total Income: (Add Lines 1 through 6 and enter here)...........................................................................................................
7
00
8.
Charitable Contributions: (Attach schedule)..............................................................................
8
00
9.
Section 179 expense deduction: (Attach schedule)...................................................................
9
00
10.
Other expenses (adjustments) not included elsewhere: (Attach schedule)...............................
10
00
11.
Total deductions: (Add Lines 8 through 10 and enter here)....................................................................................................
11
00
12.
TOTAL APPORTIONABLE INCOME: (Subtract Line 11 from Line 7).....................................................................................
12
(A)
(B)
(C)
B.
APPORTIONMENT FACTOR:
Amounts in Arkansas
Percentage (A)÷(B)
Total Amounts
1.
Property used in the Production of Business Income:
a.
Tangible Assets used in Business and Inventories
Less Construction in Progress
(Calculate to 6 places
00
00
1.
Amount at the Beginning of Year.................................................
1
to the right of decimal.
Fill in all spaces)
00
00
2.
Amount at the End of Year..........................................................
2
00
00
3.
Total: (Add Lines a1 and a2).......................................................
3
9 9 9 . 9 9 9 9 9 9
%
00
00
4.
Average Tangible Assets: (Line a3 divided by 2)........................
4
(EXAMPLE)
00
00
b.
Rented Property: (8 X net annual rent)..........................................
b
%
00
00
c.
c
TOTAL TANGIBLE PROPERTY: (Add Lines a4 and b)..................
2.
Salaries, Wages, Commissions and Other Compensation Related to the Production of Income:
00
00
%
a.
TOTAL:...........................................................................................
a
3.
Sales / Receipts:
00
a.
Destination Shipped From Within Arkansas:..................................
a
00
b.
Destination Shipped From Without Arkansas:...............................
b
00
c.
Origin Shipped From Within Arkansas to U. S. Govt:....................
c
d.
Origin Shipped From Within Arkansas to
00
Other Non-taxable Jurisdictions:....................................................
d
00
e.
Other Business Gross Receipts:....................................................
e
(Interest, Dividends, Rents, Gains, etc. Attach Schedule)
00
00
%
f.
TOTAL SALES: (Add Lines 3a through 3e)....................................
f
%
g.
Multiply Column C, Line 3f by 2 to Doubleweight the Sales Factor.....................................................................................
g
%
Sum of the Percentages: (Add Column C, Lines 1c, 2a, and 3g)...........................................................................................
4
4.
%
%
Divided by
=
Percentage Attributable to Arkansas:......................................... Line 4
*5.
* For Part B, Line 5, divide Line 4 by the number of entries other than zero which you make on Part B, Column B, Lines (1c), (2a), and (3f).
Note: An entry other than zero in Part B, Column B, Line 3g, counts as two (2) entries.
C.
ARKANSAS TAXABLE INCOME:
00
1.
Income Apportioned to Arkansas: (Multiply Part A, Line 12 by Part B, Line 5).......................................................................
1
00
2.
Add: Direct Income Allocated to Arkansas: (Attach schedule)................................................................................................
2
00
3.
TOTAL INCOME TAXABLE TO ARKANSAS:(Enter here and on page 1, line 27, Arkansas Column )..................................
3
SCHEDULE D - Capital Gains Tax
A.
TAX IMPOSED ON CERTAIN CAPITAL GAINS:
00
1.
Taxable Income: (See Instructions; Attach computation schedule)........................................................................................
1
00
2.
Enter tax on Line 1 amount: (See Instructions for computation of tax)...................................................................................
2
00
3.
Net long-term capital gain reduced by net short-term capital loss:
3
(If Multistate, multiply by apportionment factor, Part B,Line 5 above)....
$25,000
00
4.
Statutory minimum:.................................................................................................................................................................
4
00
5.
Subtract Line 4 from Line 3:....................................................................................................................................................
5
00
6
6.
Tax: (Enter 6.5% of Line 5).....................................................................................................................................................
00
7.
Compare Line 2 and Line 6: (Enter the smaller amount here and on Line 29, page 1, Form AR1100S)...............................
7
B.
TAX IMPOSED ON CERTAIN BUILT-IN GAINS:
00
Taxable Income: (See Instructions; Attach computation schedule)........................................................................................
1.
1
00
2.
Recognized built-in gain:
2
(If Multistate, multiply by apportionment factor,Part B, Line 5 above)..................................................................
00
3.
Enter smaller of Line 1 or 2:....................................................................................................................................................
3
00
4.
Section 1374(b)(2) deduction:................................................................................................................................................
4
00
5.
Subtract Line 4 from Line 3: (If zero or less, enter zero here and on Line 6 below)...............................................................
5
00
6.
Enter 6.5% of Line 5: (Enter here and on Line 29, page 1, Form AR1100S)..........................................................................
6
AR 1100S Back (R 12/08/2010)
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