Instructions For Form 1120-Fsc - 2016 (Page 14 of 14) in pdf

Forms 1120-FSC

Using the list of activities and codes below, determine

Once the principal business activity is determined,

from which activity the FSC derives the largest percentage

entries must be made on Form 1120-FSC, page 2,

Principal Business Activity Codes

of its “total receipts.” Total receipts is defined as the sum of

Additional Information, lines 1a, 1b, and 1c. For the

the foreign trading gross receipts on Form 1120-FSC,

business activity code number, enter the six digit code

This list of principal business activities and their associated

page 3, Schedule B, line 6a, and the total income on

selected from the list below. On line 1b, enter a brief

codes is designed to classify an enterprise by the type of

page 4, Schedule F, lines 4 and 17. If the FSC's largest

description of the FSC's business activity. Finally, enter a

activity in which it is engaged to facilitate the administration

percentage of its total receipts is derived from the

description of the principal product or service of the FSC on

of the Internal Revenue Code. These principal business

wholesale trading of durable goods, the FSC must use one

line 1c.

activity codes are based on the North American Industry

of the corresponding codes from the list below

Classification System.

(423100-423990).

Wholesale Trade

424300

Apparel, Piece Goods, & Notions

511190

Other Publishers

Rental and Leasing

424400

Grocery & Related Products

511210

Software Publishers

Merchant Wholesalers, Durable Goods

Rental and Leasing Services

424500

Farm Product Raw Materials

Motion Picture and Sound Recording

423100

Motor Vehicle & Motor Vehicle

532100

Automotive Equipment Rental &

Industries

424600

Chemical & Allied Products

Parts & Supplies

Leasing

512100

Motion Picture & Video Industries

424700

Petroleum & Petroleum Products

423200

Furniture & Home Furnishings

532210

Consumer Electronics &

(except video rental)

424800

Beer, Wine, & Distilled Alcoholic

Appliances Rental

423300

Lumber & Other Construction

512200

Sound Recording Industries

Beverages

Materials

532220

Formal Wear & Costume Rental

Broadcasting (except Internet)

424910

Farm Supplies

423400

Professional & Commercial

532230

Video Tape & Disc Rental

515100

Radio & Television Broadcasting

Equipment & Supplies

424920

Book, Periodical, & Newspapers

532290

Other Consumer Goods Rental

515210

Cable & Other Subscription

423500

Metal & Mineral (except

424930

Flower, Nursery Stock, & Florists'

532310

General Rental Centers

Programming

Petroleum)

Supplies

532400

Commercial & Industrial Machinery

Telecommunications

423600

Electrical & Electronic Goods

424940

Tobacco & Tobacco Products

& Equipment Rental & Leasing

517000

Telecommunications (including

423700

Hardware, & Plumbing & Heating

424950

Paint, Varnish, & Supplies

Professional Services

paging, cellular, satellite, cable &

Equipment & Supplies

424990

Other Miscellaneous Nondurable

other program distribution,

423800

Machinery, Equipment, & Supplies

Goods

Architectural, Engineering, and Related

resellers, other

Services

423910

Sporting & Recreational Goods &

Wholesale Electronic Markets and Agents

telecommunications & internet

Supplies

and Brokers

service providers)

541310

Architectural Services

423920

Toy & Hobby Goods & Supplies

425110

Business to Business Electronic

Data Processing Services

541320

Landscape Architecture Services

Markets

423930

Recyclable Materials

518210

Data Processing, Hosting, &

541330

Engineering Services

Related Services

425120

Wholesale Trade Agents & Brokers

423940

Jewelry, Watch, Precious Stone, &

541340

Drafting Services

Precious Metals

Other Information Services

Information

541350

Building Inspection Services

423990

Other Miscellaneous Durable

519100

Other Information Services

541360

Geophysical Surveying & Mapping

Publishing Industries (except Internet)

Goods

(including news syndicates,

Services

libraries, internet publishing &

511110

Newspaper Publishers

Merchant Wholesalers, Nondurable

541370

Surveying & Mapping (except

broadcasting)

Goods

511120

Periodical Publishers

Geophysical) Services

424100

Paper & Paper Products

511130

Book Publishers

541380

Testing Laboratories

424210

Drugs & Druggists' Sundries

511140

Directory & Mailing List Publishers

Other Professional Services

541600

Management Consulting Services

-14-

Instructions For Form 1120-Fsc - 2016 Page 14

Related Articles

Related forms

Related Categories