S Corporation Reconciliation And Shareholders Information Return

transit should be included in the property factor of the state to which

License and the payment of a gross receipts tax on the receipts

the goods are to be delivered. Real and tangible personal property

received from such sales or services.

owned by the United States Government that is used or operated by

Delaware Schedule 1(D) - Determination of Apportionment

the taxpayer shall be disregarded.

Percentage

Enter on Line 3 the total of Lines 1 and 2.

Enter on Line 4 of Delaware Schedule 1 (A) the original cost of

Enter in the numerator on Line 1 the average value of all real

real and tangible personal property, the income from which is

and tangible personal property owned or rented in the State of

separately allocated on Lines 4 through 14 of Delaware Schedule A.

Delaware. Enter in the denominator on Line 2 the average value of all

real and tangible personal property owned or rented both within and

Also enter on Line 4 the value of property currently under

without the State of Delaware as reported in Delaware Schedule 1(A)

construction or property not used in the S Corporation's business.

Subtract Line 4 from Line 3 and enter the remainder on Line 5.

and compute the percentage.

Calculate on Line 5 the average value of the real and tangible

Enter in the numerator on Line 3 the wages, salaries and other

property by adding the total beginning and total ending values of

compensation paid or accrued to employees within the State of

property within the State of Delaware and property within and

Delaware. Enter in the denominator on Line 4 the wages, salaries and

other compensation paid or accrued to employees within and without

without the State of Delaware respectively, and divide each sum by

the State of Delaware as reported in Delaware Schedule 1(B) and

two.

Enter on Line 6 the calculated average value of the real and

compute the percentage.

tangible property.

Enter in the numerator on Line 5 the gross receipts apportioned

Include in the property factor on the appropriate lines, the

to the State of Delaware. Enter in the denominator on Line 6 the total

gross receipts subject to apportionment as reported in Delaware

taxpayer's share of real and tangible property owned and rented

Schedule 1(C) and compute the percentage.

resulting from the taxpayer's proportionate ownership as a general or

limited partner in an active partnership.

Compute the respective percentages, carried to at least six (6)

decimal places, and enter in the appropriate column. Total the

Delaware Schedule 1(B) - Wages, Salaries and Other

percentages and divide by: A factor of three if all three apportionment

Compensation

factors (property, wages and sales) are present; A factor of two if

only two apportionment factors (property or wages or sales) are

Enter on Line 1 the total wages, salaries, bonuses and other

present; A factor of one if only one apportionment factor (property or

compensation paid or accrued to employees engaged in employment

within the State of Delaware and within and without the State of

wages or sales) is present. For example, if the corporation has

Delaware during the taxable year. Include in the wage factor on the

property and sales but does not pay any salaries, the apportionment

appropriate line, the taxpayer's share of wages, salaries, bonuses and

percentage should be determined by the average of the two factors of

other compensation paid or accrued to employees, resulting from the

property and sales. Enter the resulting percentage on Line 8,

Delaware Schedule 1(D) and on Line 2, Delaware Schedule A, Form

taxpayer's proportionate ownership as a general or limited partner in

1100S.

an active partnership. Enter on Line 2 the wages, salaries, bonuses

and other compensation paid or accrued to general executive

DELAWARE

SCHEDULE

RECONCILIATION

officers. “General Executive Officers” means the officers of record

ORDINARY INCOME TO TOTAL INCOME

in the state in which the taxpayer is incorporated.

Subtract Line 2 from Line 1 and enter the remainder on Line 3.

Line 1 - Ordinary Income (Loss)

Delaware Schedule 1(C) - Gross Receipts Subject to

Enter the amount from Federal Form 1120S, Schedule K, Line 1.

Apportionment

Line 2 - Apportionment Percentage

Enter on Line 1 in the column headed “Within Delaware”, the

gross receipts from the sales of tangible personal property physically

Enter the apportionment percentage from Delaware Form 1100S,

delivered within Delaware to the purchaser or his agent located

Schedule 1-D, Line 8.

within the State of Delaware (but not including delivery to the

Line 3 - Ordinary Income Apportioned to Delaware

United States Mail or to a common or contract carrier for shipment

to a place outside Delaware). Enter in the column headed “Within

Multiply Line 1 by the percentage on Line 2 and enter the result

and Without Delaware” total gross receipts from the sales of tangible

on Line 3.

personal property both within and without Delaware during the

income year.

Line 3 (a) - Enter in Column A the amount from Line 1 and

in Column B the amount from Line 3.

Include in the factor on the appropriate line, the taxpayer's share

of gross receipts from the sale of tangible property and gross income

ADDITIONS:

from other sources resulting from the taxpayer's proportionate

ownership as a general or limited partner in an active partnership.

Lines 4 and 5 - Net Income (Loss) From Rental Real Estate

Enter on Line 2, in the column headed “Within Delaware”, all

and Other Rental Activities

other gross income (if any) from other sources, including

Enter the amount from Federal Form 1120S, Schedule K, Lines 2

receipts from services rendered within Delaware, which are not tax

and 3c respectively in Column A. Enter in Column B the net income

exempt and which are not directly allocated on Lines 4 through 14 of

or loss from rental activities from property physically located within

Delaware Schedule A. Gross income from sources within Delaware

Delaware.

includes distributions from partnerships in which the taxpayer is a

corporate partner, when the State of Delaware is maintained as the

Lines 6, 7, and 8 - Interest, Dividend and Royalty Income

principal place from which the trade or business of the taxpayer is

Enter the amount from Federal Form 1120S, Schedule K, Lines

directed or managed. Other income is considered gross income from

4, 5a and 6 in Column A. Enter in Column B, Lines 6, 7, and 8

a Delaware source when the activity that gives rise to the income is

respectively, taxable interest, dividends and royalties if the S

performed within the State of Delaware. Enter the total on Line 2 in

Corporation's commercial domicile is located in Delaware.

the column headed “Within and Without Delaware”, all other

gross income (if any) from other sources both within and without

Lines 9 and 10 - Net Short and Long Term Capital Gain

Delaware which are not tax exempt, and which are not directly

(Loss)

allocated on Lines 4 through 14 of Delaware Schedule A. Include a

Enter the amount from Federal Form 1120S, Schedule K, Lines 7

separate schedule listing the items of other income included on this

and 8a in Column A. Enter in Column B, Lines 9 & 10 respectively,

line. Add the amounts on Line 1 and Line 2 and enter the total on

the net short-term and long-term capital gain or loss if the asset is

Line 3.

employed in a trade or business in Delaware.

If you are selling tangible personal property or providing

services within Delaware, you are liable for a Delaware Business

S Corporation Reconciliation And Shareholders Information Return - 2011 Page 4

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