Form D-1120 - Income Tax Corporation Return - City Of Detroit

RECONCILIATION

If you used line 1 (b), page 1, you must complete the following reconciliation.

1. Taxable income before net operating loss deduction and special deduction per your federal form 1120 or 1120S

1. ________________________

2. Income from line 1 (b), page 1

2. ________________________

3. Difference (Attach detailed explanation)

3. ________________________

(Taxpayer entitled to a federal new jobs tax credit should include the reinstatement of payroll expenses here).

SCHEDULE C

Schedule C is used for adjustments provided in the Detroit Income Tax Ordinances. The period of time used to compute these adjustments must be the same as the time

period used to report income. Schedule C adjustments are allowed to the extent that they are related to income reported on page 1, line 1.

COLUMN 1 - Add - Items Not Deductible

COLUMN 2 - Deduct - Items Deductible

1. Nondeductible portion of loss, from sale of

1. Interest from obligations of the United States,

property acquired prior to July 1, 1962

1. __________________

the states or subordinate units of government.

1. __________________

2. All expenses (including interest) incurred in

2. Dividend received deduction

2. __________________

connection with income not subject to Detroit

income tax

2. __________________

3. Foreign Dividend gross up.

3. __________________

3. Detroit income tax paid or accrued.

3. __________________

4. Other (submit schedule)

4. Foreign taxes paid or accrued deduction.

4. __________________

_____________________________________

__________________

5. Nontaxable portion of gain from sales of

property acquired prior to July 1, 1962.

5. __________________

_____________________________________

__________________

_____________________________________

__________________

6. Other (submit schedule).

6. __________________

5. Total additions (enter on page 1, line 2)

5. __________________

7. Total Deductions (enter on page 1, line 4)

7. __________________

SCHEDULE D

In the case of a taxpayer authorized by the Finance Director to use a special formula, attach computations and furnish the following:

a. Copy of approval letter

Percentage used — enter here ______________________ and on page 1, line 6.

Are you electing to use the Multistate Tax Compact Provision?

YES

If yes, attach schedules.

Located

Located in

Percentage

INCOME APPORTIONMENT

Everywhere I

Detroit II

III (II % I)

_______________

______________

1. Average net book value of real and tangible personal property

_______________

______________

a. Gross annual rent paid for real property multiplied by 8

_______________

______________

___________________

b. TOTAL (add lines 1 and 1a)

_______________

______________

___________________

2. Total wages, salaries, commissions and other compensation of all employees

_______________

______________

___________________

3. Gross receipts from sales made or services rendered

___________________

4. Total (add lines 1b, 2 and 3 you must compute a percentage for each line)

___________________

5. Average * (enter here and on page 1, line 6)

* In determining the average, divide line 4 by 3. However, if a factor does not exist, divide the sum of the percentages by the number of factors actually used.

Where incorporated __________________________

Date incorporated ____________________

Principal business activity (SIC) ____________________

Address in Detroit ___________________________

Contact person ______________________

Telephone number

(

) ______________________

Total number of location(s) everywhere ___________________________ Number of Detroit location(s) included in this return _____________________________

Attach a list of addresses of Detroit locations included in this return

Under penalty of perjury, I declare that I have examined this return (including accompanying schedules and statements) and to the best of my knowledge and belief it is true, correct and

complete. If prepared by a person other than taxpayer, the declaration is based on all information of which the preparer has any knowledge.

Signature of Officer

Date

Title

Signature of preparer other than taxpayer

Date

Address

MAILING INSTRUCTIONS: Due Date: This return is due April 30, 2000 or at the end of the fourth month after the close of your tax year.

Returns With Payments:

TREASURER, CITY OF DETROIT

Refund and all others:

DETROIT CITY INCOME TAX