Michigan Tax Amnesty And Tax Returns Guide And Instructons Page 12
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41Note: This worksheet may not be all inclusive to all taxpayers. There may be additional amounts that are included
in gross receipts for Single Business Tax purposes that may not be picked up for federal purposes.
WORKSHEET 3
WORKSHEET 1
GROSS RECEIPTS/BUSINESS INCOME -
GROSS RECEIPTS/BUSINESS INCOME
PARTNERSHIPS OR S-CORPORATIONS
INDIVIDUALS AND FIDUCIARIES
PART 1: GROSS RECEIPTS
PART 1: GROSS RECEIPTS
1.U.S. 1065 or U.S. 1120S
1.
U.S. 1040, Schedule C or C-EZ,
a. gross receipts (net of returns)
________ .00
gross receipts (net of returns)
________ .00
b. other income/receipts
________ .00
2.
U.S. 1040, Schedule C,
other income
________ .00
2. U.S. 8825, gross income from
3.
U.S. 1040, Schedule D,
real estate rentals
________ .00
short and long term sales price
________ .00
3. U.S. 1065 or 1120S, Schedule D
4.
U.S. 1040, Schedule E,
short and long term sales price
________ .00
a. Part I, total rents received
________ .00
4. U.S. 1065 or 1120S, Schedule K
b. Total royalties received
________ .00
a. gross other rental income
________ .00
5.
U.S. 4797, gross sales price,
b. interest, dividend, royalty income ________ .00
business assets
________ .00
c. other income
________ .00
6.
Other receipts
________ .00
5. U.S 4797, gross sales price
7.
Total gross receipts
business assets
________ .00
Add lines 1 - 6.
________ .00
6. Other receipts
________ .00
PART 2: BUSINESS INCOME
7. Total gross receipts
8.
U.S. 1040, Schedule C or C-EZ,
Add lines 1 - 6.
________ .00
net profit or (loss)
________ .00
PART 2: BUSINESS INCOME
9.
U.S. 1040, Schedule D,
8. U.S. 1065 or 1120S, Schedule K, Income (Loss)
gain or (loss)*
________ .00
10. U.S. 1040, Schedule E,
a. ordinary income (loss)
________ .00
line 22 rent and royalty
b. net real estate rental
income or (loss)
________ .00
income (loss)
________ .00
11. U.S. 4797 gains or (loss)
c. net other rental
not included in Schedule D
________ .00
income (loss)
________ .00
12. Other income
________ .00
d. interest, dividend & royalty income ________ .00
13. Total business income
e. net short-term gain (loss)
________ .00
Add lines 8 through 12.
________ .00
f. net long term gain (loss)
________ .00
g. other portfolio income (loss)
________ .00
*U.S. 1040D and 4797: Report only gains or losses from
h. guaranteed payments to partners
________ .00
assets used in your business activity. Do not include
i. other net gain (loss)
personal gains and losses.
under section 1231
________ .00
WORKSHEET 2
j. other income
________ .00
GROSS RECEIPTS/BUSINESS INCOME
9. Total income or (loss)
CORPORATIONS
Add lines 8a - 8j.
________ .00
PART 1: GROSS RECEIPTS
10. U.S. 1065 or 1120S, Schedule K, Deductions
a. charitable contributions
________ .00
1.
U.S. 1120 or 1120A, line 1c
________ .00
b. section 179 expense
________ .00
2.
U.S. 1120 or 1120A, lines 4-7
________ .00
c. deductions related to
3.
U.S. 1120 or 1120A, line 10
________ .00
portfolio income
________ .00
4.
U.S. 1120 or 1120A, Schedule D
short and long term sales price
________ .00
d. other deductions
________ .00
5.
U.S. 4797, gross sales price
________ .00
11. Total deductions
6.
Add lines 1-5
________ .00
Add lines 10a - 10d.
________ .00
12. Total business income
Subtract line 11 from line 9.
________ .00
PART 2: BUSINESS INCOME
Enter federal taxable income as computed on your U.S.
1120 or 1120A.
Note: Limited liability companies should choose the appropriate worksheet based on their federal return.
16
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial