Form 41s - Idaho S Corporation Income Tax Return - 2012 Page 2

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EFO00028p2 11-06-12

Form 41S - Page 2

36. N et business income subject to apportionment. Enter the amount from line 35 ..............................

37. Corporations with all activity in Idaho enter 100%. Multistate/multinational corporations

complete and attach Form 42. Enter the apportionment factor from Form 42, Part I, line 21 .......... ▪ 37

38. Net business income apportioned to Idaho. Multiply line 36 by the percent on line 37 ................... ▪ 38

39. Income allocated to Idaho. See instructions .................................................................................... ▪ 39

40. S corporation income of shareholders exempt from backup withholding .......................................... ▪ 40

41. S corporation income of shareholders filing and reporting income to Idaho ..................................... ▪ 41

42. Taxable income. Add lines 38 and 39, subtract lines 40 and 41 ...................................................... ▪ 42

43. Idaho income tax. Multiply line 42 by 7.4% ............................................................................................. ▪ 43

CREDITS

44. Credit for contributions to Idaho educational entities .................................... ▪ 44

45. Credit for contributions to Idaho youth and rehabilitation facilities ................ ▪ 45

46. Total business income tax credits from Form 44, Part I, line 12.

Include Form 44 ............................................................................................

47. Total credits. Add lines 44 through 46 .....................................................................................................

48. Subtract line 47 from line 43. If line 47 is greater than line 43, enter zero ..............................................

OTHER TAXES

49. Minimum tax. See instructions if the S corporation owes federal tax ...................................................... ▪ 49

50. Permanent building fund tax. See instructions ........................................................................................ ▪ 50

51. Total tax from recapture of income tax credits from Form 44, Part II, line 7. Include Form 44 ...............

52. Fuels tax due. Include Form 75 .............................................................................................................

53. Sales/Use tax due on Internet, mail order, and other nontaxed purchases ..................................... ▪ 53

54. Tax from recapture of qualified investment exemption (QIE). Include Form 49ER ................................. ▪ 54

55. Total tax. Add lines 48 through 54 ........................................................................................................... ▪ 55

20.00

56. Underpayment interest. Include Form 41ESR ........................................................................................ ▪ 56

57. Donation to Opportunity Scholarship Program ........................................................................................ ▪ 57

58. Add lines 55 through 57 ...........................................................................................................................

PAYMENTS AND OTHER CREDITS

59. Estimated tax payments ........................................................................................................................... ▪ 59

60. Special fuels tax refund _______________ Gasoline tax refund _______________ Include Form 75 ..

61. Hire One Act credit. Include Form 72 ...................................................................................................... ▪ 61

62. Total payments and other credits. Add lines 59 through 61 ....................................................................

If line 58 is more than line 62, GO TO LINE 63. If line 58 is less than line 62, GO TO LINE 66.

REFUND OR PAYMENT DUE

63. Tax due. Subtract line 62 from line 58 ..................................................................................................... ▪ 63

64. Penalty ▪ _________________ Interest from due date ▪ _________________ Enter total ...................

65. TOTAL DUE. Add line 63 and line 64 ............................................................................................. ▪

66. Overpayment. Subtract line 58 from line 62 ........................................................................................... ▪ 66

67. REFUND. Amount of line 66 you want refunded to you ................................................................. ▪

68. ESTIMATED TAX. Amount you want credited to your 2013 estimated tax.

Subtract line 67 from line 66 .................................................................................................................... ▪ 68

AMENDED RETURN ONLY.

Complete this section to determine your tax due or refund.

69. Total due (line 65) or overpayment (line 66) on this return ......................................................................

70. Refund from original return plus additional refunds .................................................................................

71. Tax paid with original return plus additional tax paid ................................................................................

72. Amended tax due or refund. Add lines 69 and 70, and subtract line 71 .................................................

Within 180 days of receiving this return, the Idaho State Tax Commission may discuss this return with the paid preparer identified below.

Under penalties of perjury, I declare that to the best of my knowledge and belief this return is true, correct and complete.

Signature of officer

Date

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