Income Tax Return Form - Warren City - 2005 Page 2
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1
2(ATTACH FEDERAL FORMS AND SCHEDULES)
PAGE 2
SECTION A
PROFIT (OR LOSS) FROM BUSINESS OR PROFESSION
SOLE PROPRIETORSHIP
PARTNERSHIP
OR
CORPORATION
1. NET PROFIT (OR LOSS) FROM BUSINESS OR PROFESSION (ATTACH FEDERAL FORMS AND SCHEDULES)
BUSINESS ACTIVITY:
PROFIT $
(IF LOSS
ENTER”0”)
2. TOTAL NET PROFITS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$
Income from Rents – from Federal Schedule E and R
SECTION B
*If included in Schedule C, Line 5, Kind and Location of Each Property Must Be Shown Below.
Kind & Location of Property
Amount of Rent
Depreciation
Repairs
Other Expenses
Net Income (Or Loss)
NET INCOME (IF LOSS ENTER “0”) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$
SECTION C
All Other Taxable Income
INCOME FROM PARTNERSHIPS, ESTATES & TRUSTS, FEES, TIPS, COMMISSIONS, GAMBLING WINNINGS, AND MISCELLANEOUS INCOME (1099 FORM)
RECEIVED FROM
AMOUNT
FOR (DESCRIBE)
TOTAL INCOME (IF LOSS ENTER “0”) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$
TOTAL
From Sections A, B & C, Enter on Page 1, Line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$
SCHEDULE X NOT INTENDED FOR INDIVIDUAL FILERS
RECONCILIATION WITH FEDERAL INCOME TAX RETURN
SCHEDULE X
*FTI= Federal Taxable Income
ADD
ITEMS NOT DEDUCTIBLE
ITEMS NOT TAXABLE
DEDUCT
a. CAPITAL LOSSES (From Federal Schedule D) . . . . . . . . . . . . . . . . . .$
n. CAPITAL GAINS (Exclusive of Gains treated as Ordinary Income for
b. EXPENSES APPLICABLE TO NON-TAXABLE INCOME . . . . . . . . . . . . . .
Federal Income Tax purposes. Attach Federal Schedule D) . . . . . . . .$
(Not less than 5% of Line O)
o. INTANGIBLE INCOME TO THE EXTENT IT IS INCLUDED IN FTI* . . . . . .
c. INCOME TAXES (Federal-State-Municipalities) . . . . . . . . . . . . . . . . . .
d. PAYMENTS TO PARTNERS OR COMPENSATION OF OFFICERS, SUB
p. OTHER (Explain) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CHAPTER S CORPORATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
e. CONTRIBUTIONS (in excess of 5% of Net Profits) . . . . . . . . . . . . . . . .
q. TOTAL DEDUCTIONS (ENTER ON LINE 3b Page 1) . . . . . . . . . . . . . . .$
f. OTHER (Explain) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
g. TOTAL ADDITIONS (ENTER ON LINE 3a Page 1) . . . . . . . . . . . . . . . .$
BUSINESS ALLOCATION FORMULA
SCHEDULE Y
b. LOCATED
a. LOCATED
(b÷a)
EVERYWHERE
IN WARREN
c. PERCENTAGE
STEP 1. ORIGINAL COST OF REAL ESTATE & TANGIBLE PERSONAL PROPERTY
GROSS ANNUAL RENTALS MULTIPLIED BY 8
TOTAL STEP 1
%
STEP 2. WAGES, SALARIES, ETC. PAID
%
STEP 3. GROSS RECEIPTS FROM SALES MADE AND/OR WORK OR SERVICES PERFORMED
%
%
4. TOTAL PERCENTAGES
5. AVERAGE PERCENTAGE (DIVIDE TOTAL PERCENTAGES BY NUMBER OF PERCENTAGES
%
USED – CARRY TO LINE 4c, PAGE 1)
SCHEDULE Z - PARTNERS’ DISTRIBUTIVE SHARES OF NET INCOME
3. DISTRIBUTIVE SHARES
4.
5.
6.
2. RESIDENT
1. NAME AND ADDRESS OF EACH PARTNER
OF PARTNERS
AMOUNT
OTHER
TAXABLE
PAYMENTS
PERCENTAGE
TAXABLE
YES
NO
PERCENT
AMOUNT
$
$
$
(A)
(B)
xxx
xxxxxxxx
xxxxxxxx
7. Totals from Section A and Section B above
xxx
100
$
$
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