Form Cift 620 Web PDF Details

Form Cift 620, also known as the Turkish citizenship law, outlines the requirements for Turkish citizenship. The law is based on Article 9 of the Constitution of the Republic of Turkey, which states that "everyone bound to the Turkish soil by birth or by residence is a Turk." To become a citizen of Turkey, you must meet one of the following requirements: be born in Turkey; have at least one parent who is a citizen of Turkey; or have resided in Turkey for at least five years. In addition, you must demonstrate good character and pass a language test. This article provides an overview of Form Cift 620 and explains how to apply for Turkish citizenship.

QuestionAnswer
Form NameForm Cift 620 Web
Form Length10 pages
Fillable?No
Fillable fields0
Avg. time to fill out2 min 30 sec
Other namesCIFT-620, 10A, 15A, 15B

Form Preview Example

CIFT-620 WEB (1/15)

 

Print your LA Revenue Account

Louisiana Department of Revenue

Number here (NOT FEIN):

u

Post Office Box 91011

 

 

 

 

 

Baton Rouge, LA 70821-9011

 

Mark circle if:

 

 

 

 

 

u O Name change.

 

Louisiana Corporation

Louisiana Corporation

 

 

 

Income Tax Return for

Franchise Tax Return

u O Amended return.

 

 

2014 or Fiscal Year

for 2015 or Fiscal Year

 

 

 

 

 

 

 

u

Entity is not required

Begun _________ , 2014

Begun _________ , 2015

O to ile franchise tax.

 

Ended _________ , 2015

Ended _________ , 2016

u

First time iling of

 

 

 

 

 

 

Calendar year returns are due April 15. See instructions for iscal years.

O this form.

 

O

Final return

Mark the appropriate circle for

 

 

 

O

Short period return

Short period or Final return.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

u useFor officeonly.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Legal Name

Trade Name

Address

City

State

ZIP

 

 

 

Print the corporation’s name and complete mailing address above.

A.

Federal Employer Identiication Number

 

A. u

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

B.

Federal taxable income

 

 

B. u

 

 

 

 

 

00

 

 

 

 

 

 

 

 

 

 

 

C.

Federal income tax

 

 

C. u

 

 

 

 

 

00

 

 

 

 

 

 

 

 

 

 

D.

Income tax apportionment percentage (two decimal places)

 

D. u

 

.

 

 

%

 

 

 

 

 

 

 

 

 

 

E.

Gross revenues

 

 

E. u

 

 

 

 

 

00

 

 

 

 

 

 

 

 

 

 

 

 

F.

Total assets

 

 

F.

u

 

 

 

 

 

00

 

 

 

 

 

 

 

 

 

 

 

G.

NAICS code

 

 

G. u

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

H.

Was the income of this corporation included in a consolidated federal income tax return?

 

H. u

Yes

 

No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I. u

 

 

 

 

I.

Is CIFT-620A, Apportionment and Allocation Schedules included with this return?

 

Yes

 

No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

J. u

Yes

 

 

 

J.

Do the books of the corporation contain intercompany debt?

 

 

No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Computation of Income Tax

 

 

 

 

 

 

 

 

1A.

Louisiana net income before loss adjustments and federal income tax deduction –

 

 

 

 

 

 

 

 

00

 

From either CIFT-620 Schedule D, Line 13 OR from CIFT-620A Schedule P, Line 31

 

1A.

u

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1B.

Subchapter S corporation exclusion – See instructions, page 16. Attach schedule.

 

1B.

u

 

 

 

 

 

00

 

 

 

 

 

 

 

 

 

 

 

 

1C.

Loss carryforward [$

.00] less federal tax refund applicable to loss [$

.00] Attach schedule.

1C.

u

 

 

 

 

 

00

 

 

 

 

 

 

 

 

 

 

 

 

1D.

Loss carryback [$

.00] less federal tax refund applicable to loss [$

.00] Attach schedule.

1D.

u

 

 

 

 

 

00

 

 

 

 

 

 

 

 

 

 

 

1E.

Federal income tax deduction – See instructions, page 16.

 

1E.

u

 

 

 

 

 

00

 

 

 

 

 

 

 

 

 

 

 

1E1.

Federal Disaster Relief Credits – See instructions, page 17.

 

1E1.

u

 

 

 

 

 

00

 

 

 

 

 

 

 

 

 

 

 

1F.

Louisiana taxable income – Subtract Lines 1B, 1C, 1D, and 1E from Line 1A.

 

1F.

u

 

 

 

 

 

00

 

 

 

 

 

 

 

 

 

 

 

2.

Louisiana income tax – From CIFT-620 Schedule E, Line 4

 

2.

u

 

 

 

 

 

00

 

 

 

 

 

 

 

 

 

 

 

3.

Total nonrefundable income tax credits – From CIFT-620 Schedule NRC, Line 10

 

3.

u

 

 

 

 

 

00

 

 

 

 

 

 

 

 

 

 

 

4.

Income tax after nonrefundable credits – Subtract Line 3 from Line 2.

 

4.

u

 

 

 

 

 

00

 

 

 

 

 

 

 

 

 

 

 

5.

Estimated tax payments – From CIFT-620 Schedule I, Line 7

 

5.

u

 

 

 

 

 

00

 

 

 

 

 

 

 

 

 

 

 

6.

Amount of income tax due or overpayment – Subtract Line 5 from Line 4.

 

6.

u

 

 

 

 

 

00

 

 

 

 

 

 

 

 

 

 

 

 

*Complete the following page, sign and date return and remit

any amount due shown on Line 25. Do not send cash.

SPEC CODE

FOR OFFICE USE ONLY.

Field lag

www.revenue.louisiana.gov

WEB

2561

 

 

 

Print your LA Revenue Account Number here. u _____________________________

Computation of Franchise Tax

7A.

Total capital stock, surplus, & undivided proits – From CIFT-620 Schedule A-1, Line 18.

7A.

u

 

7B.

Franchise tax apportionment percentage – From CIFT-620A Schedule N, either Line1D OR Line 4 –

 

u

.

 

Percentage must be carried out to 2 decimal places. Do not exceed 100.00%.

7B.

7C.

Franchise taxable base – Multiply Line 7A by Line 7B.

7C.

u

 

8.

Amount of assessed value of real and personal property in Louisiana in 2014

8.

u

 

9.

Louisiana franchise tax – From CIFT-620 Schedule F, Line 6

9.

u

 

10.

Total nonrefundable franchise tax credits – From CIFT-620 Schedule NRC, Line 11

10.

u

 

11.

Franchise tax after nonrefundable credits – Subtract Line 10 from Line 9.

11.

u

 

12.

Previous payments

12.

u

 

13.

Amount of franchise tax due or overpayment – Subtract Line 12 from Line 11.

13.

u

 

 

Net Amount Due

 

 

 

 

 

 

 

14.

Total income and franchise tax due or overpayment – Add Lines 6 and 13.

14.

u

 

15.

Louisiana Citizens Insurance Credit – See instructions, page 17.

15.

u

 

15A.

Other refundable credits – From Schedule RC, Line 6

15A.

u

 

15B.

Subtotal – Add Lines 15 and 15A and print the result.

15B.

u

 

16.

Net income and franchise taxes overpayment. – See instructions, page 17.

16.

u

 

17.

Amount of overpayment you want to donate to The Military Family Assistance Fund

17.

u

 

18.

Amount of overpayment you want Refunded

18.

u

 

19.

Amount of overpayment you want Credited to 2015

19.

u

 

20.

Amount due – If Line 14 is greater than Line 15B, subtract Line 15B from Line 14 and print the result.

20.

u

 

21.

Delinquent iling penalty – See instructions, page 17.

21.

u

 

22.

Delinquent payment penalty – See instructions, page 17.

22.

u

 

23.

Interest – See instructions, page 17.

23.

u

 

24.

Additional donation to The Military Family Assistance Fund

24.

u

 

25.

Total amount due – Add Lines 20 through 24.

25.

u

 

 

 

 

 

 

00

%

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

00

Make payment to Louisiana Department of Revenue. DO NOT SEND CASh.

You can pay your taxes online at: www.revenue.louisiana.gov/fileonline.

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.

Print name of officer

Signature of oficer

Signature of preparer

Firm name

 

(

)

Title of oficer

 

 

Telephone

Date

()

Telephone

Date

WEB

2562

Print your LA Revenue Account Number here. u _____________________________

Schedule NRC – Nonrefundable Tax Credits, Exemptions, and Rebates

 

Description

 

Code

 

Corporation

 

Corporation

 

 

 

Income Tax (A)

 

Franchise Tax (B)

 

 

 

 

 

 

1.

u

 

 

 

 

00

 

00

 

 

 

 

 

 

 

 

 

2.

u

 

 

 

 

00

 

00

 

 

 

 

 

 

 

 

 

3.

u

 

 

 

 

00

 

00

 

 

 

 

 

 

 

 

 

4.

u

 

 

 

 

00

 

00

 

 

 

 

 

 

 

 

 

5.

u

 

 

 

 

00

 

00

 

 

 

 

 

 

 

 

 

6.

u

 

 

 

 

00

 

00

 

 

 

 

 

 

 

 

 

7.

u

 

 

 

 

00

 

00

 

 

 

 

 

 

 

 

 

8.

u

 

 

 

 

00

 

00

 

 

 

 

 

 

 

 

 

9.

u

 

 

 

 

00

 

00

 

 

 

 

 

 

 

 

 

10.

Total Income Tax Credits: Add credit amounts in Column A. Print here and on CIFT-620, Line 3.

 

u

 

00

 

 

 

 

 

 

 

 

 

11.

Total Franchise Tax Credits: Add credit amounts in Column B. Print here and on CIFT-620, Line 10.

u

 

 

 

00

 

 

 

 

 

 

 

 

 

For further information about these credits, please see instructions beginning on page 18.

Description

Code

Premium Tax

100

Bone Marrow

120

Nonviolent Offenders

140

Qualiied Playgrounds

150

Debt Issuance

155

Contributions to

160

Educational Institutions

 

 

 

Donations to

170

Public Schools

 

 

 

Donations of Materials,

 

Equipment, Advisors,

175

Instructors

 

Description

Code

Other

199

Atchafalaya Trace

200

Previously Unemployed

208

Recycling Credit

210

Basic Skills Training

212

New Jobs Credit

224

 

 

Refunds by Utilities

226

 

 

Eligible Re-entrants

228

 

 

Neighborhood Assistance

230

 

 

Cane River Heritage Area

232

 

 

Description

Code

La Community Economic Dev

234

Apprenticeship

236

Ports of Louisiana Investor

238

Ports of Louisiana Import

240

Export Cargo

 

 

 

Motion Picture Investment

251

Research and Development

252

Historic Structures

253

Digital Interactive Media

254

Motion Picture Resident

256

Capital Company

257

Description

Code

LCDFI Credit

258

New Markets

259

Brownields Investor

260

Motion Picture Infrastructure

261

Angel Investor

262

Other

299

Biomed/University Research

300

Tax Equalization

305

Manufacturing Establishments

310

Enterprise Zone

315

Other

399

Schedule RC – Refundable Tax Credits and Rebates

 

Description

 

Code

Amount of Credit Claimed

1.

 

u

F

 

00

 

 

 

 

 

 

2.

 

u

F

 

00

 

 

 

 

 

 

3.

 

u

F

 

00

 

 

 

 

 

 

4.

 

u

F

 

00

 

 

 

 

 

 

5.

 

u

F

 

00

 

 

 

 

 

 

6.

Total: Add lines 1 through 5. Print the result here and on CIFT-620, Line 15A.

u

 

 

00

 

 

 

 

 

 

For further information about these credits, please see instructions beginning on page 20.

Description

Code

Inventory Tax

50F

Ad Valorem Natural Gas

51F

Ad Valorem Offshore Vessels

52F

Telephone Company Property

54F

Prison Industry Enhancement

55F

Urban Revitalization

56F

Mentor-Protégé

57F

Description

Code

Milk Producers

58F

 

 

Technology Commercialization

59F

 

 

Angel Investor

61F

 

 

Musical and Theatrical

62F

Production

 

Solar Energy Systems -

64F

Non-Leased

 

Description

Code

School Readiness Child

65F

Care Provider

 

 

 

School Readiness Business

67F

- Supported Child Care

 

School Readiness Fees

 

and Grants to Resource

68F

and Referral Agencies

 

Retention and Modernization

70F

 

 

Description

Code

Conversion of Vehicle to

71F

Alternative Fuel

 

Research and Development

72F

 

 

Digital Interactive Media and

73F

Software

 

Leased Solar Energy

74F

Systems

 

Other Refundable

80F

 

 

WEB 2563

Print your LA Revenue Account Number here. u _____________________________

All applicable schedules must be completed.

Schedule A – Balance Sheet

ASSETS

1. Beginning of year

2. End of year

1.Cash

2.Trade notes and accounts receivable

3. Reserve for bad debts

(

) (

)

4.Inventories

5.Investment in United States government obligations

6.Other current assets – Attach schedule.

7.Loans to stockholders

8.Stock and obligations of subsidiaries

9.Other investments – Attach schedule.

10. Buildings and other ixed depreciable assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11.

Accumulated amortization and depreciation

(

)

(

)

 

 

 

 

 

 

12.

Depletable assets

 

 

 

 

 

 

 

 

 

 

13.

Accumulated depletion

(

)

(

)

14.Land

15.Intangible assets

16. Accumulated amortization

(

)

(

)

17. Other assets – Attach schedule.

18. Excessive reserves or undervalued assets – Attach schedule.

19. Totals – Add Lines 1 through 18.

Liabilities and Capital

20.Accounts payable

21.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

22. Other current liabilities – Attach schedule.

23. Loans from stockholders – Attach schedule.

24. Due to subsidiaries and affiliates

25. 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

26. Other liabilities – Attach schedule.

27.Capital stock: a. Preferred stock b. Common stock

28.Paid-in or capital surplus

29.Surplus reserves – Attach schedule.

30.Earned surplus and undivided proits

31.Excessive reserves or undervalued assets

32. Totals – Add Lines 20 through 31.

WEB

2564

Print your LA Revenue Account Number here. u _____________________________

For Schedule A-1 see Revenue Ruling 06-010 and Revenue Information Bulletin 13-006.

All applicable schedules must be completed. Complete Lines 1 through 11 only if there is an end of year balance in the “Due to Subsidiaries and Affiliates” account or an equivalent account on the books of the corporation. All corporations must complete Lines 12 through 18.

Schedule A-1 Computation of Franchise Tax Base

1.Capital Stock:

1A. Common Stock – Include paid-in or Capital Surplus

1B. Preferred Stock – Include paid-in or Capital Surplus

2.Total Capital stock – Add Lines 1A and 1B.

3.Surplus and undivided proits

4.Surplus reserves – Include any excessive reserves or undervalued assets.

5.Total – Add Lines 2, 3, and 4.

6.Due to subsidiaries and affiliates (Do not net with receivables)

7.Deposit liabilities to affiliates – Included in the amount on Line 6

8.Accounts payable less than 180 days old – Included in the amount on Line 6

9.Adjusted debt to affiliates – Subtract Lines 7 and 8 from Line 6.

10A. If Line 9 is greater than zero, AND Line 5 is greater than or equal to zero, subtract Line 5 from Line 9. If both conditions of this line do not apply, skip to Line 10B.

10A1. If Line 10A is less than zero, print zero on Line 11 and Line 17. If Line 10A is greater than zero, multiply Line 10A by 50 percent and print this amount on Line 11 and Line 17. This amount must be included in the base.

10B. If Line 9 is greater than zero, AND Line 5 is less than or equal to zero, subtract Line 5 from Line 9. Multiply the difference by 50 percent and print the result here.

10B1. Print the lesser of Line 9 or Line 10B on Line 11 and Line 17. If Line 9 equals Line 10B, print that amount on Line 11 and on Line 17.

11.Additional Surplus and Undivided Proits from either Line 10A1 or 10B1.

Total Franchise Taxable Base

12.Capital Stock: Common Stock Preferred Stock

13.Paid-in or capital surplus – Include items of paid-in capital in excess of par value.

14.Surplus reserves – Attach schedule.

15.Earned surplus and undivided proits

16.Excessive reserves or undervalued assets

17.Additional surplus and undivided proits – From Line 11 above

18.Total capital, surplus and undivided profits – Add Lines 12 through 17. Also print the total on CIFT-620, Line 7A. Round to the nearest dollar.

00

00

00

00

00

00

00

00

00

00

00

00

00

Note: All accounts on the books of the corporation should be reviewed to determine if an account is an item of capital, surplus or undivided proits. All items of capital, surplus and undivided proits must be included in the franchise taxable base. See Revenue Information Bulletin 06-026.

WEB

2565

Print your LA Revenue Account Number here. u _____________________________

All applicable schedules must be completed.

Schedule C – Analysis of Schedule A, Line 30, Column 2 – Earned surplus and undivided profits per books

1.

Balance at beginning of year

 

5.

Distributions: a. Cash

 

 

 

 

 

 

 

2.

Net income per books

 

 

b. Stock

 

 

 

 

 

 

 

3.

Other increases – Itemize.

 

 

c. Property

 

 

 

 

 

 

 

 

 

 

6.

Other decreases – Itemize.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7.

Total – Add Lines 5 and 6.

 

 

 

 

 

 

 

4.

Total – Add Lines 1, 2, and 3.

 

8.

Balance at end of year – Subtract Line 7 from Line 4.

 

 

 

 

 

 

 

Schedule D – Computation of Louisiana Taxable Income

Schedule D need not be completed if Form CIFT-620A, Schedule P is iled with this return.

1.Federal taxable income

Additions to Federal Taxable Income

2.Net operating loss deduction claimed on federal return

3.Dividends received deduction claimed on federal return

4.Louisiana income tax deducted on federal return

5.Other additions to federal taxable income – Attach schedule.

6.Total additions – Add Lines 2 through 5.

Subtractions from Federal Taxable Income

7.Refunds of Louisiana income tax reported on federal return

8.Louisiana depletion in excess of federal depletion – Attach schedule.

9.Expenses not deducted on the federal return due to Internal Revenue Code Section 280C

10.Road Home – The amount included in federal taxable income.

11.Other subtractions – Attach schedule.

12.Total subtractions – Add Lines 7 through 11.

13.Louisiana net income before S corporation exclusion, loss adjustments, and federal income tax deduction – Add the amount on Line 1 to the amount on Line 6, and subtract the amount on Line 12. Round to the nearest dollar. Print here and on CIFT-620, Line 1A.

Schedule B omitted on purpose.

WEB

2566

Print your LA Revenue Account Number here. u _____________________________

All applicable schedules must be completed.

Schedule E – Calculation of Income Tax

1.

Print the amount of net taxable income from CIFT-620, Line 1F.

 

 

 

 

 

 

 

 

 

 

Column 1

 

Column 2

2.

Calculation of tax

Net income

RATE

TAX

 

 

in each bracket

 

 

 

 

 

 

 

 

 

 

 

a. First $25,000 of net taxable income

 

x 4% =

 

 

 

 

 

 

 

b. Next $25,000

 

x 5% =

 

 

 

 

 

 

 

c. Next $50,000

 

x 6% =

 

 

 

 

 

 

 

d. Next $100,000

 

x 7% =

 

 

 

 

 

 

 

e. Over $200,000

 

x 8% =

 

 

 

 

 

 

3.

Add the amounts in Column 1, Lines 2a through 2e and print the result.

 

 

 

 

 

 

 

 

4.

Add the amounts in Column 2, Lines 2a through 2e. Round to the nearest dollar. Print the

 

 

 

 

result in Column 2 and on CIFT-620, Line 2.

 

 

 

 

Schedule F – Calculation of Franchise Tax

 

 

1.Print the amount from CIFT-620, Line 7C or Line 8, whichever is greater.

2.Print the amount of Line 1 or $300,000, whichever is less.

3.Multiply the amount on Line 2 by $1.50 for each $1,000 or major fraction and print the result.

4.Subtract Line 2 from Line 1 and print the result.

5.Multiply the amount on Line 4 by $3.00 for each $1,000 or major fraction and print the result.

6.Add Lines 3 and 5. Round to the nearest dollar. Print the result here and on CIFT-620, Line 9.

Schedule G – Reconciliation of Federal and Louisiana Net Income

Schedule G is required if Form CIFT-620A, Apportionment and Allocation Schedules are iled with this return.

Important! See R.S. 47:287.71 and R.S. 47:287.73 for information.

1.Print the total net income calculated under federal law before special deductions.

2.Additions to federal net income: a. Louisiana income tax

b.

c.

d.

e.

f.

Subtractions from federal net income:

a.Dividends

b.Interest

c.Road Home – The amount included in federal taxable income

d.Louisiana depletion in excess of federal depletion

e.Expenses not deducted on the federal return due to Internal Revenue Code Section 280C

f.Other subtractions – Attach schedule.

3.Louisiana net income from all sources – The amount should agree with Form CIFT-620A, Schedule P, Line 26.

WEB

2567

o Yes

 

 

 

Print your LA Revenue Account Number here. u _____________________________

All applicable schedules must be completed.

 

 

 

 

 

 

 

 

Schedule h – Reconciliation of Income Per Books with Income Per Return

 

 

 

 

 

 

 

1. Net income per books

 

 

7. Income recorded on books this year, but not

 

 

 

 

 

included in this return – Itemize.

 

2.

Louisiana income tax

 

 

 

 

 

 

 

 

 

 

 

 

3.

Excess of capital loss over capital gains

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4. Taxable income not recorded on books this

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

year – Itemize.

 

 

 

 

 

 

 

 

 

 

8. Deductions in this tax return not charged

 

 

 

 

 

 

 

 

 

 

against book income this year:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

a. Depreciation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

b.

Depletion

 

 

 

 

 

 

 

 

 

 

 

5. Expenses recorded on books this year, but not

 

c.

Other

 

 

 

 

 

 

 

 

 

deducted in this return:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

a. Depreciation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

b. Depletion

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

c. Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9. Total – Add Lines 7 and 8.

 

 

 

 

 

 

 

 

 

 

 

 

 

10. Net income from all sources per return –

 

6. Total – Add Lines 1 through 5.

 

 

Subtract Line 9 from Line 6.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule I – Summary of Estimated Tax Payments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Check number

 

Date

Amount

 

 

 

 

 

 

 

 

 

1.

Credit from prior year return

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2.

First quarter estimated payment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.

Second quarter estimated payment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.

Third quarter estimated payment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5.

Fourth quarter estimated payment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6.

Payment made with extension request

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7. Total – Add Lines 1 through 6.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Additional Information Required

 

 

1.Indicate principal place of business. ___________________________

2.Describe the nature of your business activity and specify your principal product or service, both in Louisiana and elsewhere.

Louisiana:

Elsewhere:

3.Indicate the date and state of incorporation. _____________________

4.Indicate parishes in which property is located.

5.At the end of the tax year, did you directly or indirectly own 50% or more of the voting stock of any corporation or an interest of any partnership, including any entity treated as a corporation or partnership?

oYes o No

If “yes,” show name, address, and percentage owned.

6.At the end of the tax year, did any corporation, individual, partnership, trust, or association directly or indirectly own 50% or more of your voting

stock?o No

If “yes,” show name, address, and percentage owned.

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Corporation Apportionment and Allocation Schedules

 

COMPLETE ALL APPLICABLE SChEDULES.

CIFT-620A WEB (1/15)

Print your LA Revenue Account Number here. u ___________________________________

Name as shown on CIFT-620

Income taxable period covered

Schedule M - Computation of Corporate Franchise Tax and Income Tax Property Ratios

 

 

 

 

Located in Louisiana

 

 

Located everywhere

Franchise tax

Income tax property factor

 

 

 

property factor

 

 

 

 

 

1. Items

2. Beginning of year

3. End of year

4. End of year

5. Beginning of year

6. End of year

Intangible assets

1.Cash .........................................................

2.Notes and accounts receivable ................

3. Reserve for bad debts

(

) (

) (

)

4.Investment in U.S. govt. obligations..........

5.Stock and obligations of subsidiaries .......

6.Other investments – Attach schedule.......

7.Loans to stockholders ..............................

8.Other intangible assets – Attach schedule.

9. Accumulated depreciation

(

) (

) (

)

10. Total intangible assets – Add Lines 1-9. ...

 

Real and tangible assets

 

 

 

 

 

 

 

 

 

 

 

11. Inventories

 

 

 

 

 

 

 

 

 

 

 

12. Bldgs. and other depreciable assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13. Accumulated depreciation

 

 

 

 

 

 

 

 

 

 

 

(

)

(

)

(

)

(

)

(

)

 

14. Depletable assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15. Accumulated depletion

 

 

 

 

 

 

 

 

 

 

 

(

)

(

)

(

)

(

)

(

)

 

16. Land

 

 

 

 

 

 

 

 

 

 

 

 

.........................................................

 

 

 

 

 

 

 

 

 

 

 

17. Other real & tangible assets – Attach sch

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

18. Excessive reserves, assets not relected

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

on books, or undervalued assets

 

 

 

 

 

 

 

 

 

 

 

19. Total real and tangible assets –

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Add Lines 11 through 18

 

 

 

 

 

 

 

 

 

 

 

20. Total assets – Add Lines 10 and 19

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

21. Print the amount from Line 19 above

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

22. Less real and tangible assets not used

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

in production of net apportionable income

 

 

 

 

 

 

 

 

 

 

 

– Attach schedule

 

 

 

 

 

 

 

 

 

 

 

23. Balance - Subtract Line 22 from Line 21 .

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

24. Beginning of year balance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

25. Total – Add Lines 23 and 24

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

.............................26. Franchise tax property ratio (Line 20, Column 4 ÷ Line 20, Column 3)

 

__ __ __ . __ __ %

 

 

 

 

 

27. Income tax property ratio (Line 25, Column 6 ÷ Line 25, Column 3)

 

 

 

 

 

 

 

 

 

 

 

 

__ __ __ . __ __ %

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule N - Computation of Corporate Franchise Tax Apportionment Percentage

 

 

 

 

1. Description of items used as ratios

 

 

2. Total amount

3. Louisiana amount 4. Percent (Col. 3 ÷ Col. 2)

 

 

1. Net sales of merchandise, charges for services, and other revenues

 

 

 

 

 

 

 

 

 

A. Sales – See instructions, page 24

 

 

 

 

 

 

 

 

 

 

.............................B. Charges for services – See instructions, page 24

 

 

 

 

 

 

 

 

 

C. Other Revenues – See instructions, page 24.

 

 

 

 

 

 

 

 

 

 

(i)

Rents and royalties

 

 

 

 

 

 

For Manufacturers

 

 

(ii)

....................................Dividends and interest from subsidiaries

 

 

 

 

 

This is your apportionment ratio. Print

 

 

(iii)

Other dividends and interest

 

 

 

 

 

 

here and on Line 7B of CIFT-620.

 

 

 

 

 

 

 

 

Do NOT proceed further.

 

 

 

 

 

 

 

 

 

 

 

 

 

(iv)All other revenues .......................................................................

D.Total – Add the amounts in Columns 2 and 3. Calculate the ratio and print the result in Column 4. For taxpayers whose primary business is

 

manufacturing, use this apportionment ratio. See instructions, page 24....

 

__ __ __ . __ __ %

2.

Franchise tax property ratio – Print in Column 4 the percentage from Schedule M, Line 26

__ __ __ . __ __ %

............................................................................................................................3. Total of applicable percents in Column 4

__ __ __ . __ __ %

4.

..............................Average of percents – Divide Line 3 by applicable number of ratios. Print here and on CIFT-620, Line 7B

__ __ __ . __ __ %

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Print your LA Revenue Account Number here. u _____________________________

Schedule P - Computation of Louisiana Net Income

Column 3 must be completed. Column 2 must also be completed if the separate accounting method is used.

1. Items

2. LA amounts

3. Totals

(Lines 1 through 25)

1.Gross receipts ______________________ Less returns and allowances _____________________

2.Less: Cost of goods sold and/or operations – Attach schedules.

3.Gross proit

4.Gross rents

5.Gross royalties

6.Income from estates, trusts, partnerships

7.Income from construction, repair, etc.

8.Other income – Attach schedule.

9.Total income – Add Lines 3 through 8.

10.Compensation of officers

11.Salaries and wages (not deducted elsewhere)

12. Repairs – Do not include cost of improvements or capital expenditures.

13.Bad debts

14.Rent

15. Taxes – Attach schedule.

16. Interest

17. Contributions

18.Depreciation – Attach schedule.

19.Depletion – Attach schedule.

20.Advertising

21.Pension, proit sharing, stock bonus, and annuity plans

22.Other employee beneit plans

23.Other deductions – Attach schedule.

24. Total deductions – Add Lines 10 through 23.

25. Net income from Louisiana sources – If separate (direct) method of reporting is used, print here and on Line 31.

26. Net income from all sources – Subtract Column 3, Line 24 from Column 3, Line 9.

27.Allocable income from all sources – See instructions, page 25. Attach schedule supporting each amount.

A.Net rents and royalties from immovable or corporeal movable property

B.Royalties from the use of patents, trademarks, etc.

C.Income from estates, trusts, and partnerships

D.Income from construction, repair, etc.

E.Other allocable income – See instructions, page 25.

28.Net income subject to apportionment – Subtract Line 27E, Column 3 from Line 26, Column 3.

29.Net income apportioned to Louisiana – See instructions, page 25.

30.Allocable income from Louisiana sources – See instructions, page 26. Attach schedule supporting each amount.

A.Net rents and royalties from immovable or corporeal movable property

B.Royalties from the use of patents, trademarks, etc.

C.Income from estates, trusts, and partnerships

D.Income from construction, repair, etc.

E.Other allocable income – See instructions, page 26.

31.Louisiana net income before loss adjustments and federal income tax deduction – Add Column 3, Line 29 to Column 3, Line 30E. Print the result or the amount on Line 25, whichever is applicable, here and on Form CIFT- 620, Line 1A. Round to the nearest dollar.

 

Schedule Q - Computation of Income Tax Apportionment Percentage

 

 

 

1. Description of items used as ratios

2. Total amount

3. Louisiana amount

4. Percent (Col. 3 ÷ Col. 2)

1.

Net sales of merchandise and/or charges for services

 

 

For Manufacturers or Merchandisers.

 

 

This is your apportionment ratio. Use

 

A. Sales – See instructions, page 26

 

 

 

 

 

this result in determining income

 

 

 

 

 

B. Charges for services – See instructions, page 26

 

 

apportioned to Louisiana on Line 29,

 

C. Other gross apportionable income

 

 

Sch. P above. Do NOT proceed further.

 

 

 

 

 

 

D. Total – Add the amounts in Columns 2 and 3. Calculate the ratio and print the

 

 

 

 

 

result in Column 4. For taxpayers whose primary business is manufacturing

 

 

 

 

 

or merchandising, use this apportionment ratio. See instructions, page 26

 

 

__ __ __ . __ __ %

 

2. Wages, salaries, and other personal service compensation paid

 

 

 

 

 

during the year – Print the amounts in Column 2 and Column 3.

 

 

__ __ __ . __ __ %

 

 

Calculate the ratio and print the result in Column 4

 

 

 

 

 

 

__ __ __ . __ __ %

 

3.

Income tax property ratio – Print percentage from Schedule M, Line 27

 

 

 

4.

Total of percents in Column 4

 

 

__ __ __ . __ __ %

 

5.

Average of percents – Multiply this result by the amount on Schedule P, Line 28 to determine the amount of Louisiana apportionable income.

__ __ __ . __ __ %

 

WEB

2584

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1. First of all, once filling out the Subtractions, start with the form section with the next blank fields:

Ways to complete 15A step 1

2. Right after this part is filled out, go on to enter the applicable details in these: G NAICS code, H Was the income of this, Is CIFTA Apportionment and, Do the books of the corporation, A Louisiana net income before loss, From either CIFT Schedule D Line, B Subchapter S corporation, Computation of Income Tax, C Loss carryforward less federal, D Loss carryback less federal, E Federal income tax deduction, E Federal Disaster Relief Credits, F Louisiana taxable income, Louisiana income tax From CIFT, and Total nonrefundable income tax.

C Loss carryforward   less federal, H Was the income of this, and B Subchapter S corporation inside 15A

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4. This fourth section comes next with the following form blanks to focus on: Print your LA Revenue Account, A Total capital stock surplus, B Franchise tax apportionment, Percentage must be carried out to, Computation of Franchise Tax, C Franchise taxable base Multiply, Amount of assessed value of real, Louisiana franchise tax From, Total nonrefundable franchise tax, Franchise tax after nonrefundable, Previous payments, Amount of franchise tax due or, Net Amount Due, Total income and franchise tax, and Louisiana Citizens Insurance.

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5. To finish your document, this last subsection features several additional blanks. Filling in B Subtotal Add Lines and A and, Net income and franchise taxes, Amount of overpayment you want to, Amount of overpayment you want, Amount of overpayment you want, Amount due If Line is greater, Delinquent iling penalty See, Delinquent payment penalty See, Interest See instructions page, Additional donation to The, Total amount due Add Lines, B u, Make payment to Louisiana, and You can pay your taxes online at is going to conclude everything and you're going to be done in a tick!

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