Form Sc 990-T - Exempt Organization Business Tax Return Page 2
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4SC990-T
Page 2
SCHEDULE A AND B
ADDITIONS TO FEDERAL TAXABLE INCOME
1. Taxes on or Measured By Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1.
2. Federal Net Operating Loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2.
3.
3.
4.
4.
5. Other Additions (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5.
6. Total Additions (add lines 1 through 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6.
DEDUCTIONS FROM FEDERAL TAXABLE INCOME
7. Interest On Obligations Of The U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7.
8.
8.
9.
9.
10. Other Deductions (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10.
11. Total Deductions (add lines 7 through 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11.
12. Net Adjustment (line 6 less line 11) Also enter on line 2, Page 1, SC990-T . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12.
SCHEDULE C
SUMMARY OF INCOME TAX CREDITS (FROM SC1120-TC)
1. Credit Carryover From Previous Year's SC990-T, Schedule C
1.
(NOTE:
Should agree to SC1120-TC Column A, line 16). .
2. Enter Total Credits from SC1120-TC, Column B, line 16. SC1120-TC must be attached to return.. . . . . . . . .
2.
3. Total Credits (add lines 1 and 2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3.
4. Tax (line 7, SC990-T) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4.
5. Lesser of line 3 or 4 (enter on line 8, SC990-T)
(NOTE: Should agree to SC1120-TC, Column C, line 16.) . . . . . . .
5.
6. Enter Credits Lost Due to Statute
. . . . . . . . . . . . . . . . .
6.
(NOTE: Should agree to SC1120-TC, Column D, line 16.) .
7. Credit Carryover (line 3 less line 5 and 6)
(NOTE: Should agree to SC1120-TC, Column E, line 16.)
. . . . . . . . . . . .
7.
SCHEDULE D
RESERVED
SCHEDULE E
RESERVED
ONLY MULTI-STATE ORGANIZATIONS MUST COMPLETE SCHEDULES F, G, AND H
SCHEDULE F
INCOME SUBJECT TO DIRECT ALLOCATION
Net Amounts
Net Amounts
Payrolls to
Property
Less:
Allocated Direct.
Allocated
be Excluded
to be Excluded
Gross
Related
to SC and
Directly to
from Payroll
from Property
Amounts
Expenses
OtherStates
SC
Factor
Factor
1
2
3
4
5
6
1. Interest not connected with business
2. Dividends received
3. Rents
4. Gains/losses on real property
5. Gains/losses on intangible pers. prop.
6. Investment income directly allocated
7. TOTAL INCOME DIRECTLY ALLOCATED
8. INCOME DIRECTLY ALLOCATED TO SC
9. TOTALS TO APPORTIONMENT FACTORS
SCHEDULE G
COMPUTATION OF TAXABLE INCOME FOR ORGANIZATIONS CLAIMING MULTI-STATE OPERATIONS
1. Total net income as reconciled. Enter amount from line 3, Page 1
1.
2. Less: Income subject to direct allocation to SC and other states from Schedule F, line 7
2.
3. Total net income subject to apportionment (line 1 less line 2)
3.
4. Multiply amount on line 3 by appropriate ratio from Schedule H-1, 2, or 3 and enter result here
4.
5. Add: Income subject to direct allocation to SC from Schedule F, line 8
5.
6. Total SC Net Income (sum of lines 4 and 5 above) also enter on line 4, Page 1
6.
33152026
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