Schedule P (Form 1120-Ic-Disc) - Intercompany Transfer Price Or Commission

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SCHEDULE P
Intercompany Transfer Price or Commission
(Form 1120-IC-DISC)
Attach a separate schedule for each transaction or group of transactions to
OMB No. 1545-0938
which the intercompany pricing rules under section 994(a)(1) and (2) are applied.
(Rev. December 2008)
For the calendar year 20
, or fiscal year beginning
, 20
, and ending
, 20
Department of the Treasury
For amount reported on line
, Schedule
, Form 1120-IC-DISC
Internal Revenue Service
Name as shown on Form 1120-IC-DISC
Employer identification number
Identify product or product line reported on this schedule. (Also, enter the Principal Business Activity code
This schedule is for a (check one):
number, if used.) (See instructions.)
Single transaction
Group of transactions
Part I
IC-DISC Taxable Income
SECTION A—Combined Taxable Income
Section A-1—If marginal costing is not used
1
1
Gross receipts from transaction between IC-DISC (or related supplier) and third party
2
Less costs and expenses allocable to gross receipts from transaction:
2a
a
Cost of goods sold from property if sold, or depreciation from property if leased
2b
b
Related supplier’s expenses allocable to gross receipts from transaction
2c
c
IC-DISC export promotion expenses allocable to gross receipts from transaction
2d
d
Other IC-DISC expenses allocable to gross receipts from transaction
2e
e Add lines 2a through 2d
3
Combined taxable income. Subtract line 2e from line 1. If a loss, enter -0-
3
Section A-2—If marginal costing is used
4
4
Gross receipts from resale by IC-DISC (or sale by related supplier) to third party
5
Costs and expenses allocable to gross receipts from sale:
5a
a
Cost of direct material from property sold
5b
b
Cost of direct labor from property sold
c
IC-DISC export promotion expenses allocable to gross receipts from sales that
5c
are claimed as promotional
5d
d
Add lines 5a through 5c
6
Combined taxable income or (loss) before application of overall profit percentage limitation. Subtract
6
line 5d from line 4. If a loss, skip lines 7 through 11 and enter -0- on line 12
7
Gross receipts of related supplier and IC-DISC (or controlled group) from all foreign and domestic
7
sales of the product or product line
8
Costs and expenses of related supplier and IC-DISC (or controlled group) allocable to gross income
from such sales:
8a
a
Cost of goods sold from property sold
8b
b
Expenses allocable to gross receipts from such sales
8c
c
Add lines 8a and 8b
9
9
Subtract line 8c from line 7. If a loss, skip lines 10 and 11 and enter -0- on line 12
10
Overall profit percentage. Divide line 9 by line 7. Check if controlled group optional method
10
%
is used
11
11
Overall profit percentage limitation. Multiply line 4 by line 10
12
Combined taxable income. Enter the smaller of line 6 or line 11
12
SECTION B—50-50 Combined Taxable Income Method (Must be used if marginal costing is used. See instructions.)
13
13
Combined taxable income. Enter amount from line 3 or line 12
14
14
Multiply line 13 by 50% (.50)
15
Enter 10% (.10) of IC-DISC export promotion expenses allocable to gross income from transactions
15
that are claimed as export promotion
16
16
Add lines 14 and 15
17
IC-DISC taxable income. Enter the smaller of line 13 or line 16
17
SECTION C—4% Gross Receipts Method (Cannot be used if marginal costing is used.)
18
18
Gross receipts from transaction. Enter amount from line 1
19
19
Multiply line 18 by 4% (.04)
20
20
Multiply line 2c by 10% (.10)
21
21
Add lines 19 and 20
22
Combined taxable income. Enter amount from line 3 or amount computed under special rule. If special
22
rule is applied, check here
. See instructions
23
IC-DISC taxable income. Enter the smaller of line 21 or line 22
23
For Paperwork Reduction Act Notice, see the Instructions for Form 1120-IC-DISC.
Cat. No. 11478S
Schedule P (Form 1120-IC-DISC) (Rev. 12-2008)

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