Business Tax Return - City Of Springboro Form - 2016 Page 2
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1
2SCHEDULE X—RECONCILIATION WITH FEDERAL INCOME TAX RETURN
1.
Federal taxable income before net operating losses and special deductions per attached federal
return (form 1120, form 1120 schedule K, form 1065 schedule K, form 1041, form 990T)
1
2.
Items not deductible (from line 6 below)
2
3.
Items not taxable (from line 7 below)
3
4.
Subtract line 3 from line 2 and enter the result here
4
5.
Municipal taxable income (total lines 1 and 4)
5
ITEMS NOT DEDUCTIBLE
6.
Capital losses and IRC Section 1231 losses
Taxes based on income
Expenses attributable to intangible income (5% of total intangible income, excluding capital gains)
Amounts paid or accrued to a qualified self-employed retirement plan for current or former partners,
shareholders or members
Amounts paid or accrued to or for health or life insurance for current or former partners, shareholders or
members
Depreciation recovery (non-C corporations are subject to IRC Section 291 depreciation recovery on section
1250 property)
Loss incurred by a pass-through entity owned directly or indirectly by a taxpayer and included in the taxpayer’s
Federal taxable income unless the loss is included in the net profit of an affiliated group ORC 718.06(E)(3)(b)
Other – Please list
TOTAL ITEMS NOT DEDUCTIBLE (enter on line 2 above)
6
ITEMS NOT TAXABLE
7.
Capital gains and IRC Section 1231 gains (do not deduct IRC Section 1245 and 1250 gains)
Dividend income
Interest income
Other intangible income as defined in ORC 718.01(S)
Net profit of a pass-through entity owned directly or indirectly by a taxpayer and included in the taxpayer’s federal
taxable income unless the net profit is included in the net profit of an affiliated group ORC 718.06(E)(3)(b)
Other – Please list
TOTAL ITEMS NOT TAXABLE (enter on line 3 above)
7
SCHEDULE Y—BUSINESS APPORTIONMENT FORMULA
Percentage
a. Located Everywhere
b. Located in Springboro
(b / a)
Average original cost of real and tangible personal
STEP 1.
property…………………………………………………….……
Gross annual rentals paid multiplied by 8……………….......
TOTAL STEP 1…………………………………………………..
%
STEP 2.
Wages, salaries, and other compensation paid………………
%
Gross receipts from sales made and services
STEP 3.
%
performed…………………………………………………………
STEP 4.
Total percentages (Add percentages from Steps 1-3)
%
STEP 5.
Average percentage (Divide total percentage by number of percentages used—Enter on Page 1, Line 2)
%
Schedule Z – Leased Employees
Are there any employees leased in the year covered by this return? ______YES ______ NO
If YES, please provide the name, address and FID number of the leasing company.
Name:______________________________________________________________________________________________________
Address:____________________________________________________________________________________________________
FID Number:_________________________________________________________________________________________________
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