Form Cift-620 - Louisiana Corporation Tax Return Page 5

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For Schedule A-1 see Revenue Information Bulletin 05-026 and Revenue Ruling 06-010.

All applicable schedules must be completed. Complete Lines 1 through 11 only if there is an end of year balance in the “Due to Subsidiaries and

Affiliates” account or an equivalent account on the books of the corporation. All corporations must complete Lines 12 through 18.

Schedule A-1 Computation of Franchise Tax Base

Capital Stock:

1A. Common Stock – Include paid-in or Capital Surplus

1B. Preferred Stock – Include paid-in or Capital Surplus

Total Capital stock – Add Lines 1A and 1B.

Surplus and undivided profits

Surplus reserves – Include any excessive reserves or undervalued assets.

Total – Add Lines 2, 3, and 4.

Due to subsidiaries and affiliates (Do not net with receivables)

Deposit liabilities to affiliates – Included in the amount on Line 6

Accounts payable less than 180 days old – Included in the amount on Line 6

Adjusted debt to affiliates – Subtract Lines 7 and 8 from Line 6.

10A. If Line 9 is greater than zero, AND Line 5 is greater than or equal to zero, subtract Line 5 from Line 9. If both

conditions of this line do not apply, skip to Line 10B.

10A1. If Line 10A is less than zero, print zero on Line 11 and Line 17. If Line 10A is greater than zero, multiply Line 10A

by 50 percent and print this amount on Line 11 and Line 17. This amount must be included in the base.

10B. If Line 9 is greater than zero, AND Line 5 is less than or equal to zero, subtract Line 5 from Line 9. Multiply the

difference by 50 percent and print the result here.

10B1. Print the lesser of Line 9 or Line 10B on Line 11 and Line 17. If Line 9 equals Line 10B, print that amount on

Line 11 and on Line 17.

11.

Additional Surplus and Undivided Profits from either Line 10A1 or 10B1.

Total Franchise Taxable Base

12.

Capital Stock: Common Stock

Preferred Stock

13.

Paid-in or capital surplus – Include items of paid-in capital in excess of par value.

14.

Surplus reserves – Attach schedule.

15.

Earned surplus and undivided profits

16.

Excessive reserves or undervalued assets

17.

Additional surplus and undivided profits – From Line 11 above

18.

Total capital, surplus and undivided proﬁts – Add Lines 12 through 17. Also print the total on CIFT-620,

Line 7A. Round to the nearest dollar.

Note: All accounts on the books of the corporation should be reviewed to determine if an account is an item of capital, surplus or undivided profits. All items

of capital, surplus and undivided profits must be included in the franchise taxable base. See Revenue Information Bulletin 06-026.

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