Form 60 Draft - S Corporation Income Tax Return - 2007 Page 2
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6DRAFT 10/30/2007
North Dakota Office of State Tax Commissioner
2007 Form 60, page 2
Schedule FACT
Calculation of North Dakota Apportionment Factor
IMPORTANT: All corporations must complete the applicable portions of this schedule as follows:
100% ND corporation: If the corporation conducts all of its business within North Dakota, skip lines 1 through
13, and enter 1.000000 on line 14.
Multistate corporation: If the corporation conducts its business within and without North Dakota, complete
lines 1 through 14 of this schedule. However, if all shareholders consist of only North Dakota resident individuals,
estates, and trusts, skip lines 1 through 13, enter 1.000000 on line 14, and check this box .....................................
Column 1
Column 2
Column 3
Property factor
Total
North Dakota
Factor
Average value at original cost of real and tangible personal
(Col. 2 ÷ Col. 1)
property used in the business. Exclude construction in
progress.
Result must be
carried to six
decimal places
1
1
Inventories .................................................................................
2
2
Buildings and other fixed depreciable assets .............................
3
3
Depletable assets........................................................................
4
4
Land...........................................................................................
5
5
Other assets (Attach schedule) ...................................................
6
6
Rented property (Annual rental multiplied by 8) .......................
7
7
Total property. Add lines 1 through 6....................................
Payroll factor
8
Wages, salaries, commissions and other compensation of
employees reported on Federal Form 1120S (If the amount
in Column 2 does not agree with the compensation reported
for North Dakota unemployment insurance purposes,
8
attach an explanation) ...........................................................
Sales factor
9
Gross receipts or sales, less returns and allowances (from
9
Federal Form 1120S, page 1, line 1c) .......................................
10
10
Sales delivered or shipped to North Dakota destinations .................................................
11a
11
a
Sales shipped from North Dakota to the U.S. Government........................................
b
Sales shipped from North Dakota to purchasers in a state or foreign country
11b
where the corporation does not have a filing requirement .........................................
12
12
Total sales. Add lines 9 through 11b......................................
13
13
Sum of factors. Add lines 7, 8, and 12 in Column 3 .................................................................................................
14
Apportionment factor.
Divide line 13 by 3.0; however, if line 7, 8, or 12 of Column 1 is zero, divide
14
line 13 by the number of factors (on lines 7, 8, and 12) showing an amount greater than zero in Column 1............
Schedule BG
Tax on excess passive income and built-in gains
1
1
Excess net passive income subject to federal tax on Federal Form 1120S ...........................................................
2
2
Built-in gains subject to federal tax on Federal Form 1120S, Schedule D ...........................................................
3
3
Add lines 1 and 2 ......................................................................................................................................................
4
4
Apportionment factor from Schedule FACT, line 14............................................................................................
5
5
North Dakota apportioned income. Multiply line 3 by line 4 ...................................................................................
6
6
North Dakota NOL deduction from worksheet in instructions (Attach worksheet)..............................................
7
7
North Dakota taxable income. Subtract line 6 from line 5....................................................................................
8
8
Tax from 2007 Corporation Tax Rate Schedule in instructions. Enter on Form 60, page 1, line 1.......................
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