Form Cift-620sf - 2004 Corporation Income And 2005 Franchise Taxes Page 2
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2CIFT–620SF
Schedule A – Computation of Louisiana Taxable Income
1 Federal taxable income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 _______________________
Additions to federal taxable income:
2 Net operating loss deduction claimed on federal return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 _______________________
3 Dividends received deduction claimed on federal return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 _______________________
4 Louisiana income tax deducted on federal return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 _______________________
5 Interest on obligations of other states or their political subdivisions . . . . . . . . . . . . . . . . . . . . . . . . 5 _______________________
6 Other additions (Attach Schedule.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 _______________________
7 Subtotal (Add Lines 1 through 6.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 _______________________
Subtractions from federal taxable income
8 Refunds of Louisiana income tax reported on federal return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 _______________________
9 Corporate dividends that have borne Louisiana income tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 _______________________
10 Louisiana depletion in excess of federal depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 _______________________
11 Expenses not deducted on the federal return due to IRC Section 280(C). . . . . . . . . . . . . . . . . . . 11 _______________________
12 Other Subtraction (Attach Schedule.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 _______________________
13 Louisiana net income before S corporation exclusion, loss adjustment and federal
income tax deduction (Subtract from Line 7 the sum of Lines 8 through12.). . . . . . . . . . . . . . . . 13 _______________________
14 Subchapter S Corporation exclusion (Attach Schedule.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 _______________________
15 Loss carry forward ($___________) less federal tax refund applicable to loss ($___________) . . . . 15 _______________________
16 Loss carry back($___________) less federal tax refund applicable to loss ($___________) . . . 16 _______________________
17 Federal income tax deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 _______________________
18 Louisiana taxable income (Subtract from Line 13 the sum of Lines 14 through 17.) Enter here
and on Line 1 on front of return and the Calculation of Income Tax Worksheet on page 6
of the instructions. Round to the nearest dollar. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .18 _______________________
Schedule B – Liabilities and Capital – Computation of Franchise Tax Base
1
3
2
Beginning
End
Amounts in Column 2
of
of
that are included in the
Year
Year
franchise taxable base.
1 Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Mortgages, notes, and bonds payable (one year old or less
at balance sheet date and having a maturity of one year
or less from original date incurred) . . . . . . . . . . . . . . . . . . . . . . .
3 Other current liabilities (Attach schedule.) . . . . . . . . . . . . . . . . . .
4 Loans from stockholders (Attach schedule.) . . . . . . . . . . . . . . . .
5 Due to subsidiaries and affiliates . . . . . . . . . . . . . . . . . . . . . . . . .
6 Mortgages, notes, and bonds payable (more than one year old
at balance sheet date or having a maturity of more than one
year from original date incurred) . . . . . . . . . . . . . . . . . . . . . . . . .
7 Other liabilities (Attach schedule.) . . . . . . . . . . . . . . . . . . . . . . . .
8 Capital stock
a Preferred stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b Common stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9 Paid-in or capital surplus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10 Surplus reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11 Earned surplus and undivided profits . . . . . . . . . . . . . . . . . . . . .
12 Excessive reserves or undervalued assets . . . . . . . . . . . . . . . . .
13 Totals - Add Lines 1 through 12 and print the totals in each
column. Enter the Column 3 total on Line 1 of the Calculation
of Franchise Tax Worksheet, Page 6 of the instructions. . . . . . .
Do Not Send Federal Income Tax Return
Under the penalties of perjury, I declare that I have examined this return, including all accompanying documents, and to the best of my knowledge and
belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which he has any knowledge.
Signature of officer
Signature of preparer
Title of officer
Firm name
(
)
(
)
Telephone
Date
Telephone
Date
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