Form Foc - Foreign Operating Corporation - 2012

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Foreign Operating Corporation (FOC) 2012
2012 FOC
Calculation of Deemed Dividend
Name of corporation/designated filer
FEIN
Minnesota tax ID
FOC A
FOC B
FOC C
FOC name
FEIN
Date of incorporation (mm/dd/yyyy)
State of incorporation
1 Federal taxable income before net operating loss
and special deductions (see instructions below) . . . . . . . 1
2 Additions (see instructions below; attach schedule) . . . . 2
3 Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4 Subtractions (see instructions below; attach schedule) . 4
5 Foreign taxes based on income not already
deducted (see instructions; attach schedule) . . . . . . . . . 5
6 Add lines 4 and 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
7 Deemed dividend (subtract line 6 from line 3;
if zero or less, enter zero) . . . . . . . . . . . . . . . . . . . . . . . . . 7
8 Add all amounts on line 7 . . . . . . . . . . . . . . . . . . . . . . . . . 8
Enter on M4I, line 2e.
Instructions
Complete Schedule FOC to calculate
Line 2
Completing the Schedule
Enter the total of all additions from Form
the deemed dividend of foreign operat-
In the heading enter the name and federal
M4I, line 2, except for line 2e, that apply to
ing corporations (FOCs). The adjusted
and Minnesota tax ID numbers of the
each FOC. Attach a schedule.
net income of an FOC is deemed to be
corporation/designated filer as shown on
your Form M4, Corporation Franchise Tax
Line 4
paid as a dividend to its shareholders
Return.
Enter the total of all subtractions from Form
on the last day of its taxable year. See
M4I, line 4, except for line 4d, that apply to
the M4 instructions, page 3, for the
For each column, enter the name, federal
each FOC. Attach a schedule.
employer identification number, date of
definition of an FOC.
incorporation and state of incorporation of
Line 5
each FOC you have. If you have more than
Enter any taxes paid or accrued to a foreign
three FOCs, attach additional schedules as
country, the commonwealth of Puerto Rico
Federal Line References Not
necessary.
or a United States possession or political
subdivision of any of the abovementioned
Verified
that are not already deducted in the amount
Line Instructions
At the time Minnesota Corporate Franchise
on line 3. Attach a schedule.
Tax forms were created (11/12), federal tax
Line 1
forms were delayed indefinitely. As a result,
Enter the federal taxable income for each
the federal line references on this form have
FOC (from Form 1120, line 28).
not been updated for 2012.

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