Idaho S Corporation Income Tax Return Form
In the case of wanting to report the income tax return of a corporation that is registered in the State of Idaho to the IRS, the following form has to be completed and submitted.
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1. Did the corporation include Idaho Form PTE-12 with this return? ..................................................................... Yes ▪ No
a. Is this a composite return? ........................................................................\
.................................................... Yes ▪ No
2. If a federal audit was finalized this year, enter the latest year audited ................................. ▪ ____________
3. Is this an inactive corporation or nameholder corporation? ........................................................................\
....... Yes ▪ No
4. a. Were federal estimated tax payments required? ........................................................................\
................... Yes ▪ No
b. Were estimated tax payments based on annualized amounts? .................................................................... Yes ▪ No
5. Is this a final return? ............................................................................................................................\
............... Yes ▪ No
If yes, check the proper box below and enter the date the event occurred ___________________________
Withdrawn from Idaho Dissolved Merged or reorganized Enter new FEIN __________________
6. Is this an electrical or telephone utility? ........................................................................\
..................................... Yes ▪ No
7. Did the ownership change during the year? ........................................................................\
.............................. Yes ▪ No
8. Enter the amount of investment tax credit earned this tax year ........................................................................\
. ▪
9. Enter the amount of broadband equipment investment credit earned this tax year ........................................... ▪
10. Enter the amount of credit for Idaho research activities earned this tax year .................................................... ▪
11. Enter the amount of biofuel infrastructure investment tax credit earned this tax year ....................................... ▪
12. Did you claim the property tax exemption for investment tax credit property acquired this tax year? ............... Yes ▪ No
INCOME
13. Ordinary income (loss). Form 1120S, page 1 ........................................................................\
................. ▪ 13
14. Net income (loss) from rental real estate activities. Form 1120S, Schedule K ....................................... ▪ 14
15 Net income (loss) from other rental activities. Form 1120S, Schedule K ............................................... ▪ 15
16. Portfolio income (loss). Form 1120S, Schedule K ........................................................................\
........... ▪ 16
17. Bonus depreciation. Include computations ........................................................................\
..................... ▪ 17
18. Other items. See instructions ........................................................................\
......................................... ▪ 18
19. Net distributable income. Add lines 13 through 18 ........................................................................\
.......... 19
ADDITIONS
20. Interest and dividends not taxable under Internal Revenue Code ........................................................... ▪ 20
21. State, municipal and local taxes measured by net income. Include a schedule ..................................... ▪ 21
22. Other additions ............................................................................................................................\
............. ▪ 22
23. Add lines 19 through 22 ...........................................................................................................................\
23
SUBTRACTIONS
24. Interest from Idaho municipal securities ....................................................... ▪ 24
25. Interest on U.S. Government obligations. Include a schedule ..................... ▪ 25
26. Interest and other expenses related to lines 24 and 25 ................................ ▪ 26
27. Add lines 24 and 25, and subtract line 26 ........................................................................\
........................ 27
28. Technological equipment donation ........................................................................\
................................... ▪ 28
29. Allocated income. Include a schedule .......................................................... ▪ 29
30. Interest and other expenses related to line 29. Include a schedule ............. ▪ 30
31. Subtract line 30 from line 29 ........................................................................\
............................................ 31
32. Bonus depreciation. Include computations ........................................................................\
..................... ▪ 32
33. Other subtractions ............................................................................................................................\
........ ▪ 33
34. Total subtractions. Add lines 27, 28, 31, 32, and 33 ........................................................................\
....... 34
35. Net business income subject to apportionment. Subtract line 34 from line 23 ....................................... ▪ 35
MAIL TO: Idaho State Tax Commission, PO Box 56, Boise ID 83756-0056
INCLUDE A COMPLETE COPY OF YOUR FEDERAL FORM 1120S.
Business name State use only Federal employer identification number
Business mailing address
City, State and Zip Code
2012 IDAHO S CORPORATION INCOME TAX RETURN
For calendar year 2012, or fiscal year beginning ending
Mo Day Year
12
Mo Day Year .
41SEFO0002811-06-12
FORM
AMENDED RETURN , check the box. See instructions, page 11 for the reasonsfor amending and enter the number.
State use only
▪ _____
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EFO00028p2 11-06-12 Form 41S - Page 2
36. Net business income subject to apportionment. Enter the amount from line 35 .............................. 36
37. Corporations with all activity in Idaho enter 100%. Multistate/multinational corporations
complete and attach Form 42. Enter the apportionment factor from Form 42, Part I, line 21 .......... ▪ 37
38. Net business income apportioned to Idaho. Multiply line 36 by the percent on line 37 ................... ▪ 38
39. Income allocated to Idaho. See instructions ........................................................................\
............ ▪ 39
40. S corporation income of shareholders exempt from backup withholding .......................................... ▪ 40
41. S corporation income of shareholders filing and reporting income to Idaho ..................................... ▪ 41
42. Taxable income. Add lines 38 and 39, subtract lines 40 and 41 ...................................................... ▪ 42
43. Idaho income tax. Multiply line 42 by 7.4% ........................................................................\
..................... ▪ 43
CREDITS
44. Credit for contributions to Idaho educational entities .................................... ▪ 44
45. Credit for contributions to Idaho youth and rehabilitation facilities ................ ▪ 45
46. Total business income tax credits from Form 44, Part I, line 12.
Include Form 44 ............................................................................................ 46
47. Total credits. Add lines 44 through 46 ........................................................................\
............................. 47
48. Subtract line 47 from line 43. If line 47 is greater than line 43, enter zero .............................................. 48
OTHER TAXES
49. Minimum tax. See instructions if the S corporation owes federal tax ...................................................... ▪ 49
50. Permanent building fund tax. See instructions ........................................................................\
................ ▪ 50
51. Total tax from recapture of income tax credits from Form 44, Part II, line 7. Include Form 44 ............... 51
52. Fuels tax due. Include Form 75 ........................................................................\
..................................... 52
53. Sales/Use tax due on Internet, mail order, and other nontaxed purchases ..................................... ▪ 53
54. Tax from recapture of qualified investment exemption (QIE). Include Form 49ER ................................. ▪ 54
55. Total tax. Add lines 48 through 54 ........................................................................\
................................... ▪ 55
56. Underpayment interest. Include Form 41ESR ........................................................................\
................ ▪ 56
57. Donation to Opportunity Scholarship Program ........................................................................\
................ ▪ 57
58. Add lines 55 through 57 ...........................................................................................................................\
58
PAYMENTS AND OTHER CREDITS
59. Estimated tax payments ........................................................................................................................... ▪ 59
60. Special fuels tax refund _______________ Gasoline tax refund _______________ Include Form 75 .. 60
61. Hire One Act credit. Include Form 72 ........................................................................\
.............................. ▪ 61
62. Total payments and other credits. Add lines 59 through 61 .................................................................... 62
If line 58 is more than line 62, GO TO LINE 63. If line 58 is less than line 62, GO TO LINE 66.
REFUND OR PAYMENT DUE
63. Tax due. Subtract line 62 from line 58 ........................................................................\
............................. ▪ 63
64. Penalty ▪ _________________ Interest from due date ▪ _________________ Enter total ................... 64
65. TOTAL DUE. Add line 63 and line 64 ........................................................................\
..................... ▪
66. Overpayment. Subtract line 58 from line 62 ........................................................................\
................... ▪ 66
67. REFUND. Amount of line 66 you want refunded to you ................................................................. ▪
68. ESTIMATED TAX. Amount you want credited to your 2013 estimated tax.
Subtract line 67 from line 66 ........................................................................\
............................................ ▪ 68
AMENDED RETURN ONLY. Complete this section to determine your tax due or refund .
69. Total due (line 65) or overpayment (line 66) on this return ...................................................................... 69
70. Refund from original return plus additional refunds ........................................................................\
......... 70
71. Tax paid with original return plus additional tax paid ........................................................................\
........ 71
72. Amended tax due or refund. Add lines 69 and 70, and subtract line 71 ................................................. 72 Within 180 days of receiving this return, the Idaho State Tax Commission may discuss this return with the paid preparer identified below. Under penalties of perjury, I declare that to the best of my knowledge and belief this return is true, correct and complete. Signature of officer Date ▪ Title Phone number
Paid preparer's signature Preparer's EIN, SSN or PTIN▪ ▪ Address and phone number
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