revenue.ne.gov tax current f_1120sn
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This document is a Nebraska S Corporation Income Tax Return form for the 2008 tax year. It provides instructions and lines to report income, deductions, tax payments, and other information needed to calculate taxes owed or refunds due. Key details include: the business name and identification numbers, ordinary income and adjustments, percentages of ownership by resident and nonresident shareholders, income and tax amounts subject to withholding, tax deposited or owed/refunded, and options for a refund payment. Schedules are included to apportion income derived from both within and without Nebraska.
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revenue.ne.gov tax current f_1120sn
- 1. Nebraska S Corporation Income Tax Return FORM 1120-SN for the calendar year January 1, 2008 through December 31, 2008 or 2008 other taxable year beginning , and ending , PLEASE DO NOT WRITE IN THIS SPACE Name Doing Business As (dba) Please Type or Print Legal Name Street or Other Mailing Address Business Classification Code City State Zip Code Date Business Began in Nebraska Federal Identification Number Nebraska Identification Number Does the S corporation have nonresident individual shareholders? 24 — YES (Complete Schedule III) NO Check applicable box(es): (1) Initial Return (2) Final Return (3) Amended Return: Reason for Amending _____________________________ (4) Form 3800N Attached Do not file if all shareholders are Nebraska residents and all income is derived from Nebraska sources. 1 Ordinary income (line 21, Federal Form 1120S) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Nebraska adjustments increasing ordinary income (line 7, Schedule II) . . . . . . . . . . . . . . . . . . . . 2 3 Line 1 plus line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Nebraska adjustments decreasing ordinary income (line 17, Schedule II) . . . . . . . . . . . . . . . . . . 4 5 Nebraska adjusted income (line 3 minus line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Income reported to Nebraska (enter line 5 above or line 3, Schedule I, if applicable) . . . . . . . . . . 6 If line 6 shows a loss, omit lines 7 through 11 7 Percent of ownership by nonresident individual shareholders . . . . . . . . . . 7 % 8 Percent of ownership by nonresident individual shareholders for whom 8 Nebraska Nonresident Income Tax Agreements, Forms 12N, are attached % 9 Percent of taxable income subject to withholding (line 7 minus line 8) . . . . 9 % 10 10 Income subject to withholding (line 6 multiplied by line 9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 11 Nebraska income tax withheld for nonresident shareholders (multiply line 10 by .0684) . . . . . . . . 12 12 Form 3800N credit and recapture . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 13 Total of lines 11 and 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 14 Tax deposited with Form 7004N and 2008 estimated tax payments . . . . . . . . . . . . . . . . . . . . . . . 15 15 TAX DUE if line 13 is greater than line 14 (line 13 minus line 14) . . . . . . . . . . . . . . . . . . . . . . . . . 16 16 Overpayment if line 14 is greater than line 13 (line 14 minus line 13) . . . . . . . . . . . . . . . . . . . . . . 17 17 Amount on line 16 you want credited to 2009 estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Overpayment to be REFUNDED (line 16 minus line 17). Complete lines 19a, 19b, and 19c to 18 receive your refund electronically. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19a Routing Number 19b Type of Account 1 = Checking 2 = Savings (Enter 9 digits, first two digits must be 01 through 12, or 21 through 32; use an actual check or savings account number, not a deposit slip) 19c Account Number (Can be up to 17 characters. Omit hyphens, spaces, and special symbols. Enter from left to right and leave any unused boxes blank.) Under penalties of perjury, I declare that as taxpayer or preparer I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is correct and complete. sign here Signature of Officer Date Signature of Preparer Other than Taxpayer Date ( ) ( ) Title Phone Number Address Phone Number E-Mail Address A COPY OF THE FEDERAL RETURN AND SUPPORTING SCHEDULES MUST BE ATTACHED TO THIS RETURN Mail this return and payment to: NEBRASKA DEPARTMENT OF REVENUE, P.O. BOX 94818, LINCOLN, NE 68509-4818 8-287-2008
- 2. S CORPORATION WITH INCOME DERIVED FROM SOURCES BOTH FORM WITHIN AND WITHOUT NEBRASKA NEBRASKA SCHEDULE I — Apportionment of Income 1120-SN • If you use this schedule, read instructions Name as Shown on Form 1120-SN Nebraska Identification Number 24 — 1 Nebraska adjusted income (line 5, Form 1120-SN) ............................................................................................... 1 . 2 Nebraska apportionment factor (line 15 below)............................................................. 2 3 Income apportioned to Nebraska (line 1 multiplied by line 2). Enter on line 6, Form 1120-SN .............................. 3 NEBRASKA TOTAL NEBRASKA APPORTIONMENT FACTORS APPORTIONMENT FACTOR Sales or Gross Receipts 4 Sales or gross receipts minus returns and allowances .............. 4 5 Sales delivered or shipped to purchasers in Nebraska: 5 Shipped from outside Nebraska .......................................................................................... 6 Sales delivered or shipped to purchasers in Nebraska: 6 Shipped from within Nebraska ............................................................................................ 7 Sales shipped from Nebraska to the U.S. government ........................................................ 7 8 Interest on sales of tangible property ......................................... 8 8 9 Interest, dividends, and royalties from intangible property ......... 9 9 10 Gross rents ................................................................................. 10 10 11 Net gain on sales of intangible property ..................................... 11 11 12 Gross receipts from sales of tangible personal and real property not included above ....................................................... 12 12 13 Other income (attach schedule) ................................................. 13 13 14 TOTAL SALES OR GROSS RECEIPTS..................................... 14 14 15 Nebraska apportionment factor (divide line 14, NEBRASKA column, by line 14, TOTAL column, calculate to . at least five decimal places and round to four). Enter here and on line 2 above .......................................................... 15 www.revenue.ne.gov, (800) 742-7474 (toll free in NE and IA), (402) 471-5729