Form Cd-401s - S Corporation Tax Return - 2014 (Page 8 of 8) in pdf

Legal Name

FEIN

Page 7,

CD-401S Web, 10-14

Complete this schedule only if you apportion income to North Carolina and to other states AND you have income classified as nonapportionable

income. See the instructions for an explanation of what is apportionable income and what is nonapportionable income.

(B) Gross

(D) Net Amounts

(E) Net Amounts Allocated

(A) Nonapportionable Income

(Column B minus Column C)

Amounts

Expenses*

Directly to N.C.

(Enter the total of Column D here and on Schedule B, Line 13)

Nonapportionable Income

(Enter the total of Column E here

Nonapportionable Income Allocated to N.C.

and on Schedule B, Line 17)

Explanation

of why income listed in chart is nonapportionable income rather than apportionable income:

(Attach additional sheets if necessary)

For an acceptable means of computing related expenses, see 17 N.C.A.C. 5C .0304.

Part 1.

Domestic and Other Corporations Not Apportioning Franchise or Income Outside N.C.

100.0000

Enter 100% on Schedule B, Line 15 and Schedule C, Line 12

Part 2.

Corporations Apportioning Franchise or Income to N.C. and to Other States

Note: Apportionment factors must be calculated 4 places to the right of the decimal.

99.9999 %

Example:

Within North Carolina

Total Everywhere

(a)

Beginning Period

(b)

Ending Period

(a)

Beginning Period

(b)

Ending Period

1. Land

2. Buildings

3. Inventories

4. Other property

5. Total (Add Lines 1-4)

6. Average value of property

Add amounts on Line 5 for (a) and (b); divide by 2

(Multiply annual rents by 8)

7. Rented property

Factor

(Add Lines 6 and 7;

8. Property Factor

divide Column 1 by Column 2 and enter factor)

9. Gross payroll

10. Compensation of general executive officers

(Line 9 minus Line 10;

11. Payroll Factor

divide Column 1 by Column 2 and enter factor)

(Attach schedule)

12. Sales Factor

Divide Column 1 by Column 2 and enter factor

(Enter the same factor as on Line 12)

13. Sales Factor

(Add Lines 8, 11, 12, and 13)

14. Total of Factors

(Divide Line 14 by the number of factors

15. N.C. Apportionment Factor

present; enter result here and on Schedule B, Line 15 and Schedule C, Line 12)

Part 3.

Corporations Apportioning Franchise or Income to N.C. and to Other States Using Single Sales Factor

Excluded corporations, qualified capital intensive corporations, and certain public utilities must apportion

North Carolina franchise and corporate income tax using the sales factor alone. These corporations need not

complete the property and payroll factor sections of this Schedule. Enter the sales factor from Line 12 here,

(See instructions and G.S.105 -130.4 for more information.)

on Schedule B, Line 15, and on Schedule C, Line 12.

Special Apportionment

Part 4.

Special apportionment formulas apply to certain types of corporations such as telephone companies,

motor carriers, and railroad companies. If you use a special apportionment formula, enter the computed

apportionment factor here, on Schedule B, Line 15, and on Schedule C, Line 12.

(See instructions and G.S.105 -130.4 for more information.)

Form Cd-401s - S Corporation Tax Return - 2014 Page 8

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