Delaware Form 1902 B PDF Details

At the heart of Delaware's approach to corporate taxation lies the Form 1902(b), a critical document for holding and investment companies aiming to navigate the intricate landscape of tax exemptions within the state. This form serves as an informational return, meticulously designed for corporations that qualify for exemption under Delaware's corporate income tax code, specifically Section 1902(b)(8). Its comprehensive structure provides a detailed account of a corporation's eligibility by evaluating various factors, including the sources of income, the nature of activities conducted within Delaware, and the quantifiable thresholds that define tax-exempt operations. Essentially, it guides corporations through a self-assessment process to ascertain whether their dealings, primarily confined to the maintenance and management of intangible investments or activities beyond Delaware's physical boundaries, exempt them from state corporate income tax. With specific sections dedicated to general information, non-exempt activities, exempt activities, and additional detailed inquiries, the form fosters transparency and compliance. Furthermore, it delineates clear instructions on filing timelines, extensions, and the necessary documentation, thereby ensuring that eligible corporations can accurately claim their tax exemption status while adhering to Delaware's legal framework.

QuestionAnswer
Form NameDelaware Form 1902 B
Form Length4 pages
Fillable?No
Fillable fields0
Avg. time to fill out1 min
Other namesform 1902 b, form 1902 b delaware, delaware form 1902 b form, form 1902 b instructions

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FORM 1902(b)

2011

 

 

 

 

 

 

DELAWARE

 

 

 

INFORMATION RETURN

 

 

HOLDING COMPANY I INVESTMENT COMPANY

FOR OFFICE USE ONLY

This return is for calendar year 2011

If not for calendar year, insert ending date of fiscal year

Name of Corporation

 

 

Rev Code 042

20

Delaware Address

 

 

 

Zip Code

 

 

 

 

 

Mailing Address (if different from above)

 

 

 

Zip Code

 

 

 

 

 

Date and State of Incorporation

 

Employer Identification Number

 

 

 

 

 

 

 

 

 

 

PART- I GENERAL INFORMATION

1.Name and social security number of compensated employees working in Delaware. (Do not include Directors.)

Name

 

Social Security Number

Full or Part Time

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2.Name and FEIN/SSN of owners (individual corporations) of more than 10% of the stock of the corporation whose Delaware individual or corporate income tax liability exceeded $100,000 in any of the past three years.

Name

EI or SSN

 

 

 

 

 

 

 

 

PART II - QUESTIONS RELATING TO NON-EXEMPT ACTIVITIES

If the answer to any of the following is “YES”, it would be an indication that the corporation is NOT exempt from Delaware corporate tax under Section 1902(b)(8), 30 DEL. C. (If yes, please provide a brief description.)

1. Did the corporation receive income from the following sources:

 

 

 

 

 

a. Rental income from real property located within Delaware.

 

YES

/

NO

 

 

 

 

 

 

 

b. Rental income from tangible personal property located within Delaware.

 

YES

/

NO

 

 

 

 

 

 

2.Did the corporation provide in Delaware any of the services listed below for an unaffiliated entity or an affiliated entity other than as part of the corporation’s maintenance and management of its intangible assets? (If yes, please provide a brief description.)

YES / NO

a.Accounting and Bookkeeping

b.Legal

c.Consultation

d.Investment Advice

YES / NO

e.Collections

f.Management

g.Computer Services

PART III - QUESTIONS RELATING TO EXEMPT ACTIVITIES

2011

If the answer to any of the following is “YES”, it would be an indication that the corporation is exempt from Delaware corporat e tax under Section 1902(b)(8), 30 DEL C. (If yes, please provide a brief description.)

1.Did the corporation directly or indirectly receive income from any one of the following sources?Please check the appropriate box for each source of income and, for each “yes” response where the income received isin excessof $1 million, provide a description of the activity performed in Delaware with regard to such income.

a.

Interest on notes secured by real estate mortgages.

 

YES

/

NO

 

 

 

 

 

 

 

 

 

 

 

 

 

b.

Interest on all other debt obligations.

 

YES

/

NO

 

 

 

 

 

 

 

 

 

 

 

 

 

c.

Dividends.

 

YES

/

NO

 

 

 

 

 

 

 

 

 

 

 

 

 

d.

Patents, patent applications, trademarks, trade names and know-how.

 

YES

/

NO

 

 

 

 

 

 

 

 

 

 

 

 

 

e.

Gain on the sale of intangible investments.

 

YES

/

NO

 

 

 

 

 

 

 

 

 

 

 

 

f. Rental income from real property located outside of Delaware.

 

YES

/

NO

 

 

 

 

 

 

 

 

 

 

 

 

 

g.

Rental income from tangible personal property located outside of Delaware.

 

YES

/

NO

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2.Is the corporation engaged in business activities outside of Delaware other than described

in Question 1 above? (If yes, please describe.)

 

YES / NO

 

 

 

 

 

 

 

 

 

 

PART IV - ADDITIONAL INFORMATION

YES / NO

Did the corporation have any source of income other than the sources of income described in Parts II and III above? (If yes, please describe the source of income and the activity in Delaware relating to it.)

Under penalties of perjury, I declare that I have examined this return and statements, and believe it is true, correct and complete.

Signature

Title

Date

(Revised 11/21/11)

INSTRUCTIONS FOR FORM 1902(B)

INFORMATION RETURN FOR HOLDING COMPANY/INVESTMENT COMPANY

GENERAL INSTRUCTIONS

CORPORATIONS REQUIRED TO FILE RETURNS

Under 30 Del. C., §1904(g), an Annual Information Return may be required of each corporation claiming exemption from Delaware corporate income tax under 30 Del. C., §1902(b)(8) which provides an exemption for “Corporations whose activities within this State are confined to the maintenance and management of their intangible investments and the collection and distribution of the income from such investments or from tangible property physically located outside this State. For purposes of this paragraph, ‘intangible investments’ shall include, without limitation, investments in stocks, bonds, notes, and other debt obligations (including debt obligations of affiliated corporations), patents, patent applications, trademarks, trade names and similar types of intangible assets.” Form 1902(b), Information Return for Holding Company/Investment Company, must be filed annually by corporations claiming exemption from corporate taxation under Section 1902(b)(8) of Title 30 of the Delaware Code.

PERIOD COVERED BY RETURN

The taxable year ending date of a corporation required to file Form 1902(b) Information Return shall be the same as it is for purposes of computing its federal income tax.

WHEN TO FILE AND EXTENSIONS

Form 1902(b) Information Return must be filed on or before the first day of the fourth month following the end of the taxable year. A request for an automatic extension of six months to the Internal Revenue Service will automatically extend the filing date of the Delaware return by six months. If no federal extension was requested, an extension of time for filing may be made by a letter on or before the due date. Copies of extensions granted (Federal Form 7004 or Delaware Division of Revenue Approval Letter) must be attached to the return when filed. Please detach and mail Form 1902(b), Information Return, to the Division of Revenue, 820 N. French Street, P.O. Box 2044, Wilmington, Delaware 19899-2044.

PART 1 - GENERAL INFORMATION

LINE 1 - COMPENSATED DELAWARE EMPLOYEES

Enter on Line 1 the names and social security number(s) of individuals employed by the filing corporation within Delaware (do not include Directors). Please also indicate whether employed on a full or part time basis. If additional space is needed, please attach a separate schedule.

LINE 2 - PERSONS OWNING MORE THAN 10% OF THE STOCK OF THE CORPORATION

Enter on Line 2 the name and Federal Employer Identification Number or Social Security Number of owners (individual partnership or corporation) of more than 10% of the outstanding stock of the corporation whose Delaware individual or corporate income tax liability exceeded $100,000 in any of the past three years. If additional space is needed, please attach a separate schedule.

SPECIFIC INSTRUCTIONS

PART II - QUESTIONS RELATING TO NON-EXEMPT ACTIVITIES

If the answer to any of the following questions is yes, it would be an indication that the corporation is NOT exempt from Delaware Corporate income tax under 30 Del. C. §1902(b)(8).

1.SOURCES OF INCOME. Did the corporation receive rental income from real property and/or tangible personal property located within Delaware? Please check appropriate box for each source of income and provide a description of the activities performed within Delaware for each “yes” box.

2.SERVICES PROVIDED. Did the corporation provide in Delaware any of the services listed for an unaffiliated entity or an affiliated entity other than as part of the corporation’s maintenance and management of its intangible assets? Please check appropriate box for each service and provide a description of the service performed within Delaware for each “yes” box.

PART III - QUESTIONS RELATING TO EXEMPT ACTIVITIES

If the answer to any of the following is “yes”, it would be an indication that the corporation is exempt from Delaware corporate income tax under §1902(b)(8), 30 Del. C.

1.SOURCES OF INCOME WITHIN DELAWARE. Did the corporation directly or indirectly receive income from anyone of the sources listed? Please check appropriate box for each source of income and, for each “yes” response where the income received is in excess of $1 million, provide a description of the activity performed in Delaware in the space provided.

2.SOURCES OF INCOME WITHOUT DELAWARE. Is the corporation engaged in business activities outside of Delaware other than those described in Question 1 above? If yes, please provide a brief description in the space provided.

PART IV - ADDITIONAL INFORMATION

Did the corporation have any sources of income other than the sources of income described in Parts II and III above? If yes, please describe the source of income and the activity in Delaware relating to it in the space provided.

SIGNATURE

Please sign and date this return indicating the title of the officer or designee signing this return, detach Form 1902(b) and mail to the Division of Revenue, 820 N. French Street, P.O. Box 2044, Wilmington, Delaware 19899-2044.

(Revised 12/09/10)

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Completing this PDF calls for focus on details. Ensure all required areas are done correctly.

1. To start with, when filling out the delaware form 1902b information return, start out with the section that has the subsequent fields:

Stage number 1 of filling out delaware form 1902 b form

2. Now that the last section is finished, you're ready put in the necessary details in Name and social security number, Social Security Number, Full or Part Time, Name and FEINSSN of owners, or corporate income tax liability, Name, EI or SSN, PART II QUESTIONS RELATING TO, and If the answer to any of the so you're able to move forward further.

Full or Part Time, Name and social security number, and EI or SSN inside delaware form 1902 b form

Be really careful when filling in Full or Part Time and Name and social security number, as this is the part in which many people make mistakes.

3. This 3rd segment is generally rather simple, Did the corporation receive, b Rental income from tangible, YES NO, YES NO, Did the corporation provide in, of the corporations maintenance, YES NO, YES NO, a Accounting and Bookkeeping, Legal, c Consultation, Investment Advice, e Collections, f Management, and g Computer Services - all these blanks must be completed here.

delaware form 1902 b form conclusion process clarified (step 3)

4. Completing Interest on notes secured by real, Interest on all other debt, c Dividends, YES NO, YES NO, YES NO, d Patents patent applications, YES NO, e Gain on the sale of intangible, Rental income from real property, YES NO, YES NO, g Rental income from tangible, YES NO, and Is the corporation engaged in is crucial in this next step - always don't rush and fill in every empty field!

delaware form 1902 b form writing process outlined (portion 4)

5. This document must be finalized by going through this part. Here there is a detailed list of blank fields that require appropriate details in order for your document submission to be faultless: PART IV ADDITIONAL INFORMATION, Did the corporation have any, YES NO, Under penalties of perjury I, Signature, Title, and Date.

Step number 5 in filling out delaware form 1902 b form

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