Form 355s - S Corporation Excise Return - 2012 Page 6
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92012 FORM 355S, PAGE 6
FEDERAL IDENTIFICATION NUMBER
CORPORATION NAME
Schedule D Intangible Property Corporation
2012
Complete only if Sched. B, line 15 is less than 10%. Enter all values as net book values from Sched. A, col. c.
1
Total assets (from Schedule A, line 18) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
2
Total liabilities (from Schedule A, line 26) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
3
Massachusetts tangible property taxed locally (from Schedule B, line 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4
Mortgages on Massachusetts tangible property taxed locally (from Schedule A, line 19a) . . . . . . . . . . . . . . . . 4
5
Subtract line 4 from line 3. Do not enter less than “0” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6
Investments in subsidiaries at least 80% owned (from Schedule A, line 12a) . . . . . . . . . . . . . . . . . . . . . . . . . . 6
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Deductions from total assets. Add lines 2, 5 and 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
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Allocable net worth. Subtract line 7 from line 1. Do not enter less than “0” . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
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Income apportionment percentage (from Schedule F, line 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
10
Taxable net worth. Multiply line 8 by line 9. Enter result in line 2 of the Excise Calculation on page 2, and
enter “0” in line 1 of the Excise Calculation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Schedule E-1 Dividends Deduction
1
Total dividends. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
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Dividends from Massachusetts corporate trusts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
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Dividends from non-wholly-owned DISCs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4
Dividends, if less than 15% of voting stock owned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
5
Dividends from RICs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6
Dividends from REITs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
7
Total taxable dividends. Add lines 2 through 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
8
Dividends eligible for deduction. Subtract line 7 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
9
Dividends deduction. Multiply line 8 by .95 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
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