Form 1120-Fsc - U.s. Income Tax Return Of A Foreign Sales Corporation Page 3
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63
Form 1120-FSC (Rev. 12-2010)
Page
Schedule B
Taxable Income or (Loss) (see instructions)
Part I—Net Income Attributable to Nonexempt Foreign Trade Income
(b) Not using
(a) Using administrative
administrative
pricing rules
pricing rules
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Sale, exchange, or other disposition of export property. (Enter 50% of
military property sales. Include the other 50% on Schedule F, line 1.) .
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Lease or rental of export property for use outside the United States
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2
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Services related and subsidiary to:
a Sale, exchange, or other disposition of export property. (Enter 50% of
services related to the sale or other disposition of military property. Include
3a
the other 50% on Schedule F, line 1.)
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b Lease or rental of export property .
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3b
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Engineering or architectural services for construction projects outside the U.S.
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5
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Managerial services for an unrelated FSC or IC-DISC (see instructions)
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6 a Total foreign trading gross receipts. Add lines 1 through 5 .
6a
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Small FSCs: Complete lines 6b through 6h.
$5,000,000 00
b Small FSC limitation (section 924(b)(2)(B))
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6b
c Controlled group member’s share of line 6b
6c
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d Enter 1. (Short tax year: Divide the number of days in
the short tax year by the number of days in the full tax
year. Enter as a decimal less than 1.00000.)
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6d
e Multiply line 6b or line 6c (whichever applies) by line 6d
6e
f
Total of line 6a, columns (a) and (b)
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6f
Note: See the instructions for line 6f if commission
income is included on line 6a.
g Enter the smaller of line 6e or line 6f. Note: If line 6f
exceeds line 6e, enter the excess on line 7 of Schedule F
6g
h Allocate the amount from line 6g to columns (a) and (b) (see instructions) .
6h
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Cost of goods sold (Schedule A, line 8). (Small FSCs, enter only the part of
cost of goods sold from the receipts on line 6h above. See instructions for
Schedule A.) .
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7
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Foreign trade income. Subtract line 7 from line 6a or line 6h (whichever applies)
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9 a Exemption percentage from Schedule E, line 3d .
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9a
%
b Exemption percentage from Schedule E, line 2d .
9b
%
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Exempt foreign trade income. Multiply line 8, column (a) by line 9a and line
8, column (b) by line 9b
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10
11
Nonexempt foreign trade income. Subtract line 10 from line 8 .
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11
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Deductions attributable to nonexempt foreign trade income. Enter amount
from Schedule G, line 18 .
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12
13
Net income attributable to nonexempt foreign trade income. Subtract line 12
from line 11 .
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13
14
Net income attributable to nonexempt foreign trade income from Schedule
F, line 6
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14
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Total net income attributable to nonexempt foreign trade income. Add
lines 13 and 14 .
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Part II—Taxable Income or (Loss)
Taxable income from foreign trade income. Enter total of line 15, columns (a) and (b), minus any
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nontaxable income included in line 15, column (b). Attach a schedule that shows the computation
of the taxable and nontaxable income included on line 15, column (b) .
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16
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Taxable nonforeign trade income from Schedule F, line 19
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Taxable income or (loss) before net operating loss deduction and dividends-received deduction.
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Add lines 16 and 17
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18
19a Net operating loss deduction (attach schedule)
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19a
b Dividends-received deduction (attach schedule) .
19b
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c Add lines 19a and 19b
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19c
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Taxable income or (loss). Subtract line 19c from line 18. (See instructions for Schedule J to
figure the tax on this income.) .
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1120-FSC
Form
(Rev. 12-2010)
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