Form 41-41S-44-42 Fillable Instructions - Corporation S-Corporation Income Tax (09-04-2013)
(all forms fillable on Windows, Mac, Android tablets, and iPad using Adobe Reader XI)

If filing Form 41 the tax on line 38 less the amounts on If filing Form 41S the tax on line 43 less the amounts on "Yes" box Electrical and telephone utilities apportion businessincome using a different apportionment factor calculation $1 for each temporary permit issued during the tax year or $100 000 The requirement to check the box to forgo the $100 000 The requirement to check the box to forgo thecarryback of the net operating loss is no longer applicable $30 000 $5 000 $5 000 $500 or (208) 334 7660 in the Boise area (208) 364 7389 in the Boise area (800) 377 3529 (800) 972 7660 for further information (800) 972 7660 toll free (888) 228 5770 toll free (800) 972 7660 You may obtain a copy of the Water's Edge (amounts on line 15) (FNMA) and the Government National Mortgage Association (GNMA) isn't paid by the U S Government and is subject toIdaho income tax (IRS) Include a copy of the federal approval with your return 0 5% per month late payment penalty will be computed on taxdue from the date the return is filed to date of payment 0 5% per month or fraction of a month to a maximum of 25% 1 All activities of the group are in the same general line or type 1 Expenses directly related to nonbusiness income 1 Federal Audit 1 Form 41 or 41S pages 1 and 2 10% for substantial understatement of tax 10% of the tax computed for the three shareholders or 10% of the tax on line 38 10% of the tax on line 38 or 10% of the tax on line 43 10% of the tax on line 43 or 1120 page1 line 30 You must include a complete copy of 12th months of the tax year For a calendar year filer this is the 15th of April June September and December 16 and 19 1a Check the "Yes" box if the S corporation is filing a composite 2 a Interest expense Total interest expense 2 Capital Loss Carryback 2 Federal Amended 2 Form 42 2 The activities of the group constitute different steps in a 2% per month or fraction of a month for failure to meet the 20% of the cost to purchase qualified equipment plus the 2013 2013 25 must be added back Related expenses include interest 3 Form 75 3 Net Operating Loss Carryback Include Form 56 or a 3 Other Include an explanation 3 The group is characterized by strong centralizedmanagement and centralized departments exist for functionssuch as financing advertising research or purchasing 4 Federal Amended 4 Form 44 5 Forms ID K 1 5 Other Include an explanation 5% for negligence or disregard of rules 5% per month or fraction of a month to a maximum of 25% 50% for filing a false or fraudulent return 50% of the three shareholders' share of the amount donated 6 Additional schedules in alphabetical order 7 Additional forms in numerical order 70 with each return on which you are claiming transferred credit 72 S and a copy of the Taxable Wage Rate Notice issued by the 7660 to order the Guide to Combined Reporting or obtain a copy 78 included in federal taxable income 8 Complete copy of federal return 800 Park Blvd Plaza IV 89SE that you have met or will meet the tax incentive criteria for 89SE that you have met or will meet the tax incentive criteria forthis credit and you have acquired real property improvements for 89SE that you have met or will meet the tax incentive criteriafor this credit and you have acquired an asset for use in your A bank or thrift institution incorporated or organized under the A change from the use of the combined reporting method is a Check the "No" box if the corporation wasn't required to makefederal estimated tax payments in 2013 A complete copy of the federal income tax return must be A corporation filing as an S corporation for federal income tax a corporation for Idaho income tax purposes A corporation incurs an Idaho NOL in a year when it is A corporation must make estimated tax payments to the Tax A corporation not organized for profit that isn't required to pay A corporation or association that is transacting business in Idaho A corporation organized under the provisions of Title 12 A corporation registered under state law as a bank holding A corporation required to file an Idaho income tax return must A corporation that falls under the protection of Public Law 86 272 A corporation that in the current year and immediately A corporation under the protection of Public Law 86 272 A corporation whose voting stock is more than 50% owned by a federal income tax return The business may elect to excludeforeign affiliates from the combined report unless they are a financial institution (insurance companies excluded) a Foreign Dividends A homeowners' association filing Form 1120 H and having no a If the corporation filing this return owns more than 50% ofanother corporation check the "Yes" box A minimum tax of $20 is required If the S corporation owes A multistate business is unitary when the operations conducted A national bank organized under the National Bank Act A net operating loss incurred in tax years beginning on or after A nonproductive mining corporation A nonprofit corporation fund foundation research park trust A nonprofit private or public Idaho school (elementary A nonresident individual shareholder officer or director may a physical address use the following: A production credit association organized under the Federal A qualified educational entity includes: A savings association or federal savings bank as defined in a schedule identifying this income by corporation according to the general apportionment rules aCCoUnTIng meThodS aCCoUnTIng peRIod activities in the regular course of trade or business Gross activities of the taxpayer in a state Use of the combined Add lines 1 6 and 8 Enter amount on line 26 Add lines 1 6 and 8 Enter amount on line 30 addITIonS addITIonS adjustments to compute combined income Part II must be affiliate after April 15 2011 See instructions for Form 72 Enter the total airlines All book to tax adjustments must be made for all foreign All compensation paid to a retired partner is sourced to the all compensation properly accrued is deemed to have been All intercompany amounts should be excluded from the compu all Schedules K 1 and Idaho Forms ID K 1 must be included with alloCaTIon and appoRTIonmenT oF InComebusiness Income Business income includes income from Allocation is the assignment of nonbusiness income to a specific allowed allowed and the credit carryover amounts allowed Include a schedule showing your computations You allowed only with prior consent from the Tax Commission You also include copies of the federal income tax returns filed byeach Also include schedules of the book to tax adjustments if any alternative Tax Computation on Idaho gross Sales A Although the credit can no longer be earned it may be carried Although the following amounts may be business income amended ReTURn amended ReTURn only amended ReTURnS Amended returns claiming refunds that aren't filed on the formfor the applicable year will be returned to the taxpayer amount as reported on the original return amount must be identified by the mutual fund to be deductible amount of credit allowed for the tax year and the Carryovercolumn for the amount of carryover that exists at the end of the amount of credit carried forward or amount on line 69 The amount from line 65 should be entered amount you wish to receive as a refund on this line If you enterthe total amount from line 60 you must enter zero on line 62 amounts regardless of the filing method An agency or branch of a foreign depository as defined inTitle 12 U S C 3101 An Idaho library district or its foundation An Idaho public library or its foundation An Idaho public or private nonprofit museum An S corporation can't use the combined reporting method An S corporation isn't allowed a deduction for an NOL carryback An S corporation must provide each shareholder with an Idaho An S corporation required to pay tax on excess net passive Anchor House and 246A and Consent Form Form 14 must be filed with the originalreturn for the first year the election is made The election can't and Credit Recapture and its political subdivisions if included on line 12 and its political subdivisions if included on line 20 and must be included in the corporation s apportionment and other individuals in a role of employee Include amounts and publications from our website at tax idaho gov Some and receive confirmation that their return was received To and RehabIlITaTIon FaCIlITIeS and ShaReholdeRS and tangible personal property owned or rented and used during and the domestic disclosure spreadsheet and instructions call and the resulting apportionment factor and UnITaRy gRoUpS another state or country another state or country Include the taxpayer's share of the another taxpayer rather than used by the taxpayer who earns thecredit: any business income tax credits or have any tax from recapture any dividends received from the foreign affiliates Any Idaho activity from which income is received realized or any of the questions 7 through 7d Don't consider ownership byan S corporation when answering these questions any other income loss or deductions (such as Section 179 orcharitable contributions) required to be reported separately to applicable to that shareholder Copies of Form ID K 1 must be apportioned using the apportionment formula Apportionment attributes of the disregarded entity and the owner apportionment Formula The apportionment formula consists apportionment provisions don't fairly represent your businessactivity in Idaho you can ask the Tax Commission for permission approval and administration of the loan are averaged to arrive at the Idaho apportionment factor For are met: are totaled to result in one Idaho apportionment factor aren't taxable in the state the gross receipts are attributable toIdaho if the printed material or other property is shipped from a as a positive amount aSSemblIng The ReTURn assigned to fixed locations are included in the factors based onthe general apportionment rules Per diem and mileage charges assignee who possesses or holds title to all or substantiallyall of the property or business of a corporation even if the Association (GNMA) isn't paid by the U S Government and issubject to Idaho income tax at tax idaho gov attributable to Idaho attributes of the QSSS are also totaled with the parent'sapportionment attributes to compute one Idaho apportionment Audio or video cassettes discs or similar medium containing film average percentage divide only by the number of factors used averaging of monthly values to properly reflect the averagevalues b Check the "Yes" box if your estimated tax payments were b Exclusion Percentage If you elected to forgo filing the b If another corporation owns more than 50% of the corporationfiling this return check the "Yes" box b If this return is filed using the water's edge method you mayelect to forgo filing the domestic disclosure spreadsheet bychecking the "Yes" box b Interest expense disallowed under IRCSections 265 and 291 b Interest expense disallowed under IRCSections 265 and 291 bad debts Banks for Cooperatives based on annualized amounts based on its tax Any unused credit remains with the memberthat earned the credit A schedule must be included identifying be due To avoid paying any late filing or late payment penalty be included in the sales or property factors be made on an amended return If a taxpayer wishes to changefrom the water s edge method to the worldwide filing method because of sale exchange abandonment etc Depreciationdoesn't reduce original cost before 2010 before 2010 before the end of the five year recapture period you mustcompute the ITC recapture This includes property movedoutside of Idaho before the merger Being a member of a partnership or S corporation withbusiness in Idaho billings exceed construction costs don't include any value in the billings The portion of this amount attributable to construction Biofuel infrastructure investment tax credit bIoFUel InveSTmenT TaX CRedIT eXpIRed Boise ID 83712 7742 Boise ID 83722 0410 Boise ID 83722 0410 Boise ID 83756 0056 bonUS depReCIaTIonFor property acquired prior To 2008 or after 2009 box blank box if the income of foreign subsidiaries is computed by Broadband equipment investment credit Broadband equipment investment credit broadcasters broadcasts either through a network or through an affiliated business has no employees anywhere your factor is reduced by business in Idaho business in Idaho but has no business activity and no income business in Idaho it may qualify for the broadband equipment business income or loss along with all other net business business income The denominator is the total compensationpaid during the tax year to produce business income business location in Idaho business outside Idaho There are various judicially acceptable business that otherwise qualifies for the ITC but no longer than 20 years By calling (208) 334 7660 in the Boise area or (800) 9727660 by including the value of these intangibles in the property factor By Internet Download view or print Idaho income tax forms By mail Write to: by the earlier of the date the return is filed or the extendeddue date by the Idaho Department of Health and Welfare may qualify by the unitary group or on two or more returns one for each calendar year filer this is September 15 Call the Tax Commission for information about the processing can be shared with members of the combined group rather thancarried forward to future years: can't be used to offset the tax computed for other shareholders capital losses or personal exemptions carryback of the net operating loss is no longer applicable Carryover: Enter the amount of credit available less the amount Carryover: Enter the amount of credit carryover to future years Carryover: Enter the amount of credit carryover to future years Carryover: Enter the amount of credit carryover to future years Carryover: Enter the amount of credit carryover to future years Carryover: Enter the credit available less the credit allowed: cashier's check or money order ceases to qualify before the end of the five year recaptureperiod you must recapture part or all of the property tax benefit Centralization of management and Change To Idaho SoURCe InCome gUaRanTeed Change To neT opeRaTIng loSS CaRRybaCkS Change To TeChnologICal eQUIpmenT donaTIon check bind you to anything including any additional tax liability Check the "Yes" box if a corporation included in this report is an Check the "Yes" box if a shareholder terminated his interest in Check the "Yes" box if the corporation is authorized to transact Check the "Yes" box if the S corporation included Form PTE12 Check the "Yes" box if the S corporation is authorized to transact Check the "Yes" box if this return is prepared using the combined Check the "Yes" box if you elected the property tax exemption CheCk The boX RegUlaTIonS claim an NOL enter the amount of the NOL carryback classified as nonbusiness must be included close of the tax year For a calendar year filer this is April 15 clubs purchases in a state where no sales tax was charged etc Coeur d Alene combined group that haven't otherwise been eliminated CombIned RepoRTIng meThod CombIned ReTURn commercial software package for a fee or ask your tax preparer Commission if it is required to make federal estimated taxpayments and the Idaho tax liability is estimated to be $500 or Commission to contact you rather than your preparer leave the Commission to use separate accounting Permission won't be Common law trust treated as a corporation for federal income common owner or owners For more information call (800) 972 commonly owned and that weren't included in the federal company company or registered under the Federal Bank HoldingCompany Act as amended or registered as a savings and compensation and the individual's share of income loss or Compensation connected with the production of nonbusiness Compensation is paid in Idaho if any one of the following tests Compensation means wages salaries commissions and any Compensation paid for work on a particular construction project compensation paid in Idaho during the tax year to produce Complete a separate federal Form 4562 or detailedcomputation for Idaho depreciation purposes as if the special Complete a separate federal Form 4562 or detailedcomputation for Idaho depreciation purposes as if the special Complete and include a separate federal Form 4562 ordetailed computation for Idaho depreciation purposes as if computation Computation on Idaho Gross Sales on page 5 for the required computations computations of these factors are found in the applicable MTC Compute all percentages to four places to the right of the Compute the Idaho adjusted basis and any gains or lossesfrom the sale or exchange of property using the Idaho Compute the Idaho adjusted basis and any gains or lossesfrom the sale or exchange of property using the Idaho Compute the Idaho adjusted basis and any gains or lossesfrom the sale or exchange of the property using the Idaho conform to bonus depreciation for assets acquired after 2009 conforming their profit and loss statements to tax accounting ConFoRmITy To InTeRnal RevenUe Code (IRC) consolidated return A combined report refers to the method consolidated return This is the amount reported on the Construction Contractors construction project located partially in Idaho are included in thenumerator based on ratio of construction costs for the project inIdaho for the tax year to the total of construction costs for that contribution information needed to calculate certain credits Contributions help provide need based scholarship funds toIdaho high school graduates who attend approved higher contributions to capital income from the forgiveness of contributions to educational institutions is the lesser of the Contributions to income test This test is met if significant flows controlled foreign corporations under subpart F if included cooperative bank without capital stock operated for mutual corporate franchise in Idaho This includes an S corporation corporation corporation for federal income tax purposes it will be treated as corporation in business solely to perform contracts with the corporation in the group corporation income or loss When an S corporation has a fiscal Corporation Income Tax Corporation Income Tax Return Idaho Apportionment and Combined corporation isn't paying the tax for all shareholders corporation isn't paying the tax for all shareholders See page16 for specific instructions Include Form 44 corporation that doesn't own or rent any Idaho property whether corporation This income includes wages salaries and other corporation: CoRpoRaTIonS Corporations aren't subject to both the franchise tax and the corporations filing a federal income tax return or included in a corporations included in the unitary group corrected amounts Costs associated with this publication are available from the Idaho State Tax Commission in accordance with Section 60 202 Idaho Code credit credit allowed from Form 72 Part IV line 2 Include Forms 72 Credit allowed: Enter the allowable credit from Form 55 Credit allowed: Enter the credit allowed from Form 49 Part II Credit allowed: Enter the credit allowed from Form 67 line 29 Credit allowed: Enter the credit allowed from Form 68 line 18 Credit allowed: Enter the credit allowed from Form 69 line 16 Credit allowed: Enter the credit allowed from Form 71 line 26 Credit allowed: Enter the credit allowed from Form 83 line 28 Credit allowed: Enter the credit allowed from Form 84 line 26 Credit allowed: Enter the credit allowed from Form 85 line 35 Credit allowed: Enter the smaller of: Credit allowed: Enter the smallest of: credit carryover from a previous year credit carryover from the tax year beginning in 2001 or received Credit for Idaho research activities credit or tax from recapture if the S corporation isn't paying the credit with other members A corporation that receives the credit CRedITS CRedITS Credits allowed to a shareholder that aren't used to offset his tax Credits earned by a C corporation prior to becoming an Scorporation may be used to offset any tax on excess net passive credits earned by the S corporation are passed through to eachshareholder based on that shareholder's pro rata share of S d Alene d Check the "Yes" box if this is a combined report and two or d Intercompany interest expense d Interest expense of foreign corporationsincluded in the combined report d Subtotal Add lines a through c date but fails to file the return by the extended due date or paythe remaining tax by the earlier of the date the return is filed or date of the return not including extensions Mail your request to: Dawn Enterprises Inc Blackfoot day of the ninth month following the close of the tax year For a decimal point (00 0000%) Include a schedule showingapportionment detail by company if filing for a unitary group deducted in determining federal taxable income deduction deductions and credits are treated as belonging to the owner deductions for carryovers or carrybacks of net operating losses deductions from separately stated items you are required toreport except for deductions not allowed to S corporations when delivered or shipped to Idaho purchasers (line 11) or that were Department of Labor depreciation allowance hadn't been claimed depreciation allowance hadn't been claimed depreciation amounts depreciation amounts depreciation amounts and gains and losses from sales orother exchanges of the property on the bonus depreciation derived detailing the Idaho apportionment factor computation for each determine if there is an underpayment of any estimated tax Development Workshop Inc Idaho Falls Did not have any Idaho payroll Did not have any Idaho property and was not renting anyIdaho property Did not have Idaho sales exceeding $100 000 differences on Form 42 Part II lines 1 2 3 and 7 different than the amounts listed for worldwide filers separate Disability Action Center Northwest Moscow and Coeur dISRegaRded enTITIeS distributing books newspapers magazines periodicals trade Divide line 2 by line 3 Divide line 3 by line 4 Divide line 3 by line 4 % Donations made by a corporation to a qualified center for Donations made by an S corporation to a qualified center for Donations made by an S corporation to a qualified educationalentity may qualify for a tax credit Donations of goods orservices don't qualify Don't enter any amounts for property acquired after 2007 and Don't enter any amounts for property acquired after 2007 and Don't enter any amounts from property acquired after 2007 and Don't enter the total credit earned by the S corporation if the S Don't enter the total credit earned by the S corporation if the S don't fairly represent the extent of your business activity in Idaho due date and taxes must be paid by the earlier of the date the due date but fails to file the return by the extended due date orpay the remaining tax by the earlier of the date the return is filed due date for filing the return not including extensions Mail your e FIle yoUR ReTURn e file your return visit our website at tax idaho gov to find a Each affiliated corporation included in a unitary group return each affiliate's profit and loss statement prepared for the UnitedStates Securities and Exchange Commission (SEC) If the profitand loss statement isn't filed with the SEC enter the net income each corporation included in the combined group must compute Each shareholder uses this information to determine the amount earned an ITC earned by an S corporation while a former C corporation Economies of scale Edge Election and Consent Form with the original tax return edge election must be made by filing Form 14 Idaho Water s edge filers edge Form 14 is required If you are filing an amended education institutions in Idaho This need based program isbuilt on a shared responsibility model Students must contribute edUCaTIonal enTITIeS effective for 2014) election must be included with your Idaho tax return for the firstyear you file Form 41S Election Pamphlet at tax idaho gov electrical and telephone utilities add the percentages on lines 9 electrical and telephone utilities Electrical and telephone utilitiesuse a single weighted sales factor Electrical and telephone utilities must use a single weighted Electrical and telephone utilities This is your single weightedsales factor Go to line 18 eleCTRonIC FUndS TRanSFeRS elsewhere on this form or Form 41 Enter $10 for each corporation required to file includingnonproductive mining corporations Each corporation included ina group return and required to file must pay the $10 permanentbuilding fund tax enter 80% Enter 85% if you are filing the water s edgedomestic disclosure spreadsheets Enter any miscellaneous Idaho additions If you are a multistate/ Enter any miscellaneous Idaho additions If you have separatelystated items that must be added back include the amount Enter any miscellaneous Idaho additions Include a schedule Enter any miscellaneous Idaho deductions Include a schedule Enter any miscellaneous Idaho deductions Include any Enter any miscellaneous Idaho deductions Multistate/multinational Enter interest income from securities issued by the state of Idaho Enter the amount from Form 49 Part I line 2 This is the Idaho Enter the amount from Form 49ER Part III line 18 Include Enter the amount from Form 49R Part III line 15 Include Enter the amount from Form 67 line 16 This is the credit for Enter the amount from Form 68 line 2 This is the broadband Enter the amount from Form 68R Part III line 15 Include Enter the amount from Form 71R Part III line 15 Include Enter the amount from Form 75 Section IV line 2 Include Enter the amount from Form 83R Part III line 15 Include Enter the amount from Form 84R Part III line 15 Include Enter the amount from Form 85R line 13 Include Form 85R Enter the amount from line 5 of the following computation This Enter the amount of dividends paid by one member to anothermember of the unitary group that haven't been subtracted Enter the amount of Idaho income tax computed at 7 4% ofIdaho taxable income The amount must be a minimum of $20 Enter the amount of intercompany transactions between thecombined group and nonunitary subsidiaries eliminated on Enter the amount of nonbusiness income A schedule detailing Enter the amount of nonbusiness income allocated to Idaho less enter the difference on line 16 enter the difference on line 17 Enter the differences between the Idaho and federal Enter the federal taxable income of nonunitary subsidiaries Enter the federal taxable income of unitary subsidiariesincorporated in the United States that are more than 50% Enter the foreign dividend gross up as provided by IRC Section Enter the Idaho NOL carryover If this is an amended return to Enter the Idaho taxable income Enter the intercompany transactions between members of the Enter the interest and dividends net of applicable amortization Enter the lesser of cost or fair market value of technological Enter the new federal EIN if the corporation has been merged or Enter the new federal EIN if the corporation has merged or Enter the special deduction for dividends deducted from federalincome as allowed by IRC Sections 243(a) and (c) 244 245 Enter the total amount of dividends paidby foreign affiliates Include the amounts of income from Enter the total amount of estimated tax payments made for taxyear 2013 from the following forms: Enter the total amount of estimated tax payments made for thetax year 2013 from the following forms: Enter the total business income tax credits from Form 44 Enter the total of all state municipal and local taxes measuredby net income that have been paid or accrued during the tax Enter the total of all state municipal and local taxes measuredby net income that have been paid or accrued during the taxyear less any refunds that have been included in federal taxable Enter the total of the NOL carryover and carryback amounts on Enter the total tax from recapture of income tax credits from Enter your net portfolio income or loss from Form 1120S Enter your other items from Form 1120S Schedule K Include equipment equipment and have paid the tax on the special fuels purchased equipment donated to a public or nonprofit private elementaryor secondary school public or nonprofit private college oruniversity public library or library district located in Idaho Items eQUIpmenT InveSTmenT CRedIT equipment investment credit the corporation earned for the tax eSTImaTed TaX paymenTS Estimated taxes aren't required for the first year a corporationexists in Idaho The corporation will be sent the necessaryestimated tax payment form Form 41EST Even though an extension gives you more time to file the tax isdue on the original due date of the return You must pay interest even though the income was derived from an occasional events or productions telecast live or otherwise on television Excel or PDF format Failure to include a complete copy of thefederal return may cause the return to be delinquent Except for the Hire One Act credit and the investment tax credit eXCepTIonS To appoRTIonmenT FoRmUla exchange of the property exclusion of a Factor If any of the factors (property payroll Expenses directly related to nonbusinessincome Expenses included in computing federal income that are relatedto the production of allocated nonbusiness income listed on Expenses included in federal taxable income that are related tothe production of allocated nonbusiness income listed on line extension criteria (the return must be filed by the extended eXTenSIon oF TIme To FIle f Interest expense of corporations included in f Interest expense of corporations included inthe consolidated return filed with Idaho if f Interest expense on line 26 attributable totax exempt income factor factor denominator fails to pay the required amount by the due date a penalty may Falls Falls and Pocatello Farm Credit Act of 1933 all of whose stock held by the FedeRal aUdIT federal consolidated return are taken into account in determining Federal Farm Credit Banks Federal Financing Bank federal Form 1120 enter the taxable income from federal Form Federal Form 2553 or a copy of the federal notice approving the Federal Homeowners Loan Bank federal income tax purposes A change of accounting method Federal Intermediate Credit Bank Federal Land Bank Federal Production Credit Corporation has been retired federal Schedules K 1 must be included with the Idaho Form federal tax on excess net passive income or net recognized built federal tax on unrelated business income federal taxable income File the 2013 return for calendar year 2013 or a fiscal year thatbegins in 2013 For a fiscal year fill in the tax year space at the File the return by the extended due date and pay the tax due filed A corporation under the protection of Public Law 86 272 filed by the corporation for the tax year The election can't be filed or the date the tax is paid plus a 0 5% per month late Financial institution means: Financial Institutions five year recapture period you must compute the small employerreal property improvement tax credit recapture flea markets gun shows and fairs You must have filed Form following amounts: following special rules apply in addition to the general property for a tax credit If you claimed the credit for qualifying newemployees enter the amount from Form 55 Part II line 9 For a unitary group of corporations the $20 minimum tax isrequired for each corporation in the unitary group that is required For corporations required to pay a franchise tax rather than an For example if your corporation has no employees anywhere for failure to file the return timely for failure to pay the tax due (if return is filed) for Idaho reporting purposes that you used for federal reporting For more information: For payments of $100 000 or more see Electronic Funds For property acquired after 2007 and before 2010 for sale Product does not include shredded material unless it is For tax years beginning on or after January 1 2000 and prior toJanuary 1 2013 the NOL generally must be carried back to the For tax years beginning on or after January 1 2013 guaranteedpayments up to $250 000 in any calendar year to an individual For tax years beginning prior to January 1 2000 the NOL for the Idaho additions and subtractions listed on Form 41 for this tax computation foreign subsidiaries whose income isn't included in the com forgo the filing of the spreadsheet; however the 85% exclusion FoRm 41 FoRm 41 FoRm 41 Form 41 Form 42 Form 41 If the S corporation is paying the tax for one or more FoRm 41 SpeCIFIC InSTRUCTIonS FoRm 41S FoRm 41S FoRm 41S Form 41S Form 44 FoRm 41S SpeCIFIC InSTRUCTIonS FoRm 42 FoRm 42 Form 44 FoRm 44 Form 44 Part I line 1 Form 44 Part II line 7 See page 17 for specific instructions Form 49 Part II line 7 less the amount on line 8 Form 49ER Form 49R Form 68R Form 70 with each return on which you are claiming transferred Form 71 is used to calculate the biofuel investment tax credit Form 71R Form 75 Form 83R Form 84R Form 990 the Tax Commission will accept a copy Form ID K 1 in the amounts reported on Form 42 Form ID K 1 This form shows the shareholder's pro rata shareof Idaho additions subtractions and credit information For FoRmS Forms 41ES Estimated Tax Payment / Extension of Time forms and schedules in the following order: Forms are available at all Tax Commission offices or may be forms can't be saved electronically at this time foundation or to a nonprofit substance abuse center licensed by foundations are: foundations or to a nonprofit substance abuse center licensed four years and are based primarily on financial need with someacademic consideration Students must meet a minimum GPA FRanChISe TaX Franchise Tax on page 3 Franchise Tax page 3 from Form 55 Part II line 34 from Form 67 line 30 from Form 68 line 19 from Form 69 line 17 from Form 71 line 27 from Form 83 line 29 from Form 84 line 27 from Form 85 line 36 from the S corporation A nonresident individual shareholder from the Tax Commission to change from the water s edge from your return and Functional integration fund or certificate of deposit or similar marketable instrument g Intercompany interest expense g Interest expense included in line 1 gasoline in off highway equipment or auxiliary engines Enter Gem Youth Services Emmett geneRal InFoRmaTIon geneRal InFoRmaTIon geneRal InFoRmaTIon geneRal InFoRmaTIon geneRal InFoRmaTIon FoR General information instructions beginning on page 1 also apply to this form generally must be carried back to the three preceding years Give the Tax Commission any information that is missing Government include: granted just because you can identify income and expenses bylocation or because the standard apportionment formula results gross receipts derived during the tax year from transactions andactivities everywhere in the regular course of the corporation s gross receipts don't include such items as the repayment gross sales You won't compute an Idaho apportionment factor group These would exclude the property sales and payroll of h Interest expense on line 22 attributable totax exempt income h Total interest expense h Total interest expense Subtract lines f and gfrom line e has no jurisdiction to tax the seller is a throwback sale have the S corporation pay the tax on his income from that S Having an agent such as a collector repair person delivery headIng Hearing Impaired (TDD): High Reachers Inc Mountain Home Homeowners association Hope House Inc Nampa i Intercompany interest expense ID K 1 and a complete copy of federal Form 1120S including all Idaho Idaho accepts the federal approval of the S corporation election Idaho and combined property payroll and sales amounts Idaho appoRTIonmenT and CombIned RepoRTIng adjUSTmenTS Idaho apportionment factor or apply one to the Idaho gross sales Idaho appoRTIonmenT FaCToRline 21 For all taxpayers other than electrical and telephone Idaho bUSIneSS InCome TaX CRedITS and CRedIT ReCapTURe Idaho but the service performed outside Idaho is incidental to Idaho Code section 41 405 Idaho Commission for the Blind and Visually Impaired Idaho Commission on Hispanic Affairs Idaho conforms to the federal bonus depreciation provisions Idaho conforms to the IRC as of January 1 2013 Idaho doesn't Idaho Council for the Deaf and Hard of Hearing Idaho Council on Developmental Disabilities Idaho Drug Free Youth Inc Coeur d'Alene Idaho education public broadcast system foundations Idaho Elks Rehabilitation Hospital Inc Boise Idaho filing requirement with gross income from Idaho sources inexcess of $2 500 Idaho follows the federal election to treat a qualified subsidiaryof an S corporation as a QSSS As a result the S corporationparent and the subsidiary are treated as one corporation Idaho follows the federal entity classification (check the box) Idaho follows the federal rules on disregarded entities for tax Idaho Form ID K 1 This form shows the shareholder's pro Idaho has adopted the Multistate Tax Commission (MTC) Idaho its cities and political subdivisions) Idaho net operating loss calculation Idaho property sales and payroll in the numerators and using Idaho research activities the corporation earned for the tax year Idaho sales include advertising revenue from live television film Idaho State Independent Living Council Idaho State Tax Commission Idaho State Tax Commission Idaho State Tax Commission Idaho State Tax Commission and include it with the tax return Idaho tax computation Idaho tax credits and limitations Idaho taxable income Idaho You must also show that your business has unique and Idaho Youth Ranch identification number (EIN) in the space provided Don't include identification number (EIN) in the space provided Don't includethe dash when entering your EIN identifies the pro rata share of gross income to help determineIdaho filing requirements of individual shareholders All Forms identifying each miscellaneous addition by corporation identifying each miscellaneous deduction by corporation identifying the income or loss by corporation identifying the intercompany transactions by corporation If a corporation required to file an Idaho income tax return If a federal audit was finalized during the tax year enter the most If a multistate corporation s only activity in Idaho consists of If a taxpayer is part of a unitary group the combined report mustinclude the income or loss and apportionment factor attributes If all the activity is in Idaho enter 100% If the corporation hasmultistate/multinational operations enter the apportionmentfactor from Form 42 Part I line 21 Include Form 42 If all the activity is in Idaho enter 100% If the S corporationhas multistate/multinational operations enter the apportionmentfactor from Form 42 Part I line 21 Include Form 42 If an individual shareholder has his share of the income taxed If any of the factors don't apply to your business divide the total If filing as part of a federal consolidated return or separate If foreign affiliates aren't included in a consolidated federalreturn the corporation can select one of the following options If line 59 is zero enter the amount of overpayment from line 60on line 63 The amount from line 60 should be entered as a If line 65 is zero enter the amount of overpayment from line 66on line 69 The amount from line 66 should be entered as a if the construction is located in Idaho Gross receipts from a If the corporation doesn't pay at least 80% of the tax due on thereturn or 100% of the total tax reported last year by the originaldue date the following penalties will apply unless the paymentrequired to satisfy the extension criteria is $50 or less: If the corporation donated money to a qualified educationalentity it may claim a tax credit Donations of goods or servicesdon't qualify If you claimed the credit for qualifying newemployees enter the amount from Form 55 Part II line 5 If the corporation filing this return is part of a multinational If the corporation is filing a combined return the following credits If the corporation pays at least 80% of the tax due on the returnor 100% of the total tax reported last year by the original due If the corporation was previously a C corporation with creditcarryover the credit may be used to offset all or part of the If the corporations included in the unitary combined groupare different from the federal consolidated group report the If the credit for qualifying new employees is not beingclaimed the smallest of: If the federal depreciation (including gains and losses) If the federal depreciation (including gains and losses) is lessthan the Idaho depreciation (including gains and losses) If the federal depreciation (including gains and losses) ismore than the Idaho depreciation (including Idaho gains andlosses) include the difference as an addition on this line; If the final federal determination results in an Idaho refund If the last day for filing a return falls on a Saturday Sunday or if the payments were at least 25% of total compensation paidto employees and the extent of your business activity in Idaho if the project was 30% complete at the end of the tax year 30% If the purchaser or subscriber is the U S Government or you If the return is filed after the extended due date a 5% permonth late filing penalty will be computed on tax due from If the return is filed after the extended due date but the tax If the return is filed and the tax is paid after the extended duedate the maximum 25% penalty will apply If the return is filed by the original due date a 0 5% per If the return is filed on or before the extended due date a If the return is filed on or before the extended due date a 2% If the S corporation claimed the credit for qualifying newemployees the applicable pro rata share of the amount fromForm 55 Part II line 5 or If the S corporation claimed the credit for qualifying newemployees the applicable pro rata share of the amount fromForm 55 Part II line 9 or If the S corporation doesn't pay at least 80% of the tax dueon the return or 100% of the total tax reported last year by theoriginal due date the following penalties will apply unless thepayment required to satisfy the extension criteria is $50 or less: If the S corporation is paying the tax for one or more nonresidentshareholders determine each shareholder's pro rata share of If the S corporation is paying the tax for one or moreshareholders determine each shareholder's pro rata share of thefollowing amounts and enter the total of these amounts on line If the S corporation is paying the tax for one or moreshareholders include on line 51 those shareholders' pro ratashare of the total tax from recapture of income tax credits from If the S corporation pays at least 80% of the tax due on thereturn or 100% of the total tax reported last year by the original If the same interest owns more than 50% of the corporationfiling this return and another corporation check the "Yes" box If the taxpayer is a partner in a partnership or a shareholder inan S corporation the taxpayer must take into account the activityof the pass through entity in determining whether the taxpayerhas income from business activity that is taxable in Idaho and If the taxpayer transacts business in Idaho and another stateor country include a schedule showing apportionment detail by If the total due shown on line 59 is greater than zero enter thisamount on line 63 The amount from line 59 should be entered If the total tax computed is more than $20 draw a line through If this is a short period return and the corporation has anextended federal due date enter the federal due date on this If this is an amended return enter the amount from the original If this is the corporation's final return for Idaho check the boxthat explains the reason and enter the date the event occurred If this return is filed on a worldwide basis check the "Yes" If this return is for an electrical or telephone utility check the If you acquire an asset for use in your business you may have If you acquired qualified broadband equipment to use in your If you amend your federal return an amended Idaho income tax If you are filing an amended return you must enter the same as a positive amount If you are filing an original return you may apply all or part ofthe overpayment listed on line 60 as a credit against your 2014 Complete lines 63 through 66 only if you are filing this return asestimated tax The amount you list on this line plus the amount an amended return If you are filing an original return you may apply all or part ofthe overpayment listed on line 66 as a credit against your 2014 Complete lines 69 through 72 only if you are filing this return asestimated tax The amount you list on this line plus the amount an amended return If you are filing an original return you may receive all or part If you are filing an original return you may receive all or part of If you are in the business of conducting television or radio If you are in the business of publishing selling licensing or If you are in the business of transporting passengers freight If you are in the business of transporting passengers freight ormail by motor carrier or rail your apportionment factor should If you are sending your return using a delivery service that requires If you buy gasoline aircraft fuel or special fuels (diesel propane If you can't file your return by the due date Idaho allows you anautomatic six month extension of time to file To avoid paying a If you claimed bonus depreciation for federal purposes forproperty acquired before 2008 or after 2009: If you claimed bonus depreciation for federal purposes forproperty acquired before 2008 or after 2009: If you claimed bonus depreciation for federal purposes: If you claimed the bonus depreciation for federal purposes forproperty acquired before 2008 or after 2009: If you computed use tax on Form 75 add it to the use tax on If you discover an error on your return after it is filed use Form41 or Form 41S to amend your return Check the box at the topof the form and enter the reason for amending Complete theentire form using the corrected amounts If you have a sales or use tax account don't enter your salesor use tax on this line but continue to report the tax on these If you have claimed a biofuel infrastructure investment tax credit If you have claimed a broadband equipment investment credit If you have claimed a small employer investment tax credit If you have claimed a small employer new jobs tax credit andyou failed to maintain the required level of new employees for If you have claimed a small employer real property improvementtax credit on property that ceases to qualify before the end of the If you have claimed an ITC on property that ceases to qualify If you have claimed the QIE for property tax on property that If you have interest income from a mutual fund that invests If you incurred expenses for research conducted in Idaho you If you issued temporary sales tax permits to participants of apromoter sponsored event on behalf of the Tax Commission you If you made purchases during the year without paying sales If you owe additional Idaho tax and don't send written notice If you purchased equipment that manufactures a product frompostconsumer or postindustrial waste you may be entitled to a If your federal taxable income or tax credits change becauseof a federal audit you must send written notice (including anamended return) to the Tax Commission within 60 days of In addition to the property included under the standard propertyfactor as discussed on page 18 the property factor must also in both nonexempt securities and exempt U S Government in excess of $250 000 is sourced to Idaho based upon the in federal taxable income Enter the income from possessioncorporations included in line 2 Don't include on this line anyactual dividends paid by the possession corporations in gains compute the Idaho tax using the following instructions: in Idaho are integrated with depend on or contribute to the in Idaho if they are properly assigned to a regular place ofbusiness in this state; that is if the loan has a preponderance of in Idaho or has income attributable to Idaho must file Form 41 in licensed vehicles or aircraft fuels tax is due Add the amounts in more tax to Idaho than another method in the combined report in the denominators Form 42 is used to in the consolidated federal return The book to tax adjustmentsmust be consistently applied each year the group files aworldwide return in your business Outer jurisdictional property includes such In your request to use separate accounting you must explain indetail why the standard allocation and apportionment provisionsdon't fairly represent the extent of your business activity in Inactive or nameholder corporation inactive or nameholder corporations and nonproductive miningcorporations that are registered with the Idaho Secretary of State incentive criteria required to qualify for this credit at the project incentive criteria required to qualify for this credit at the project Incentive investment tax credit Incentive investment tax credit include a copy of the Idaho Statement of Credit Transfer include a copy of the Idaho Statement of Credit Transfer Form Include a copy of your Form 49E Include a schedule identifying each addition Include a schedule identifying payors payees and dividend Include a schedule identifying this income by corporation and Include a schedule listing the name and federal identificationnumber of disregarded entities that are included in your return Include a schedule of the foreign affiliate income by corporation Include a schedule showing your computations listing the include a statement to make the election See Alternative Tax include a written statement with the return Your statement must Include Form 44 Include Form 67 Include Form 68 Include Form 69 Include Form 71 Include Form 83 Include Form 84 Include Form 85 include one or more additional factors Include taxes paid on built in gains and excess net passive include the average value of loans and credit card receivables include the difference as a deduction on this line; otherwise Include transportation revenue property ready for flight and include your intent to make the election to pay the alternative included in a consolidated federal return and must be adjusted included in a federal return and be taxed only on a percentage of included in apportionable income they are included in the sales included in line 2a included in the federal consolidated return Include a schedule included on line 1 included with the Idaho S Corporation Income Tax Return for the included with the return for each corporation that has an Idaho included with your Idaho income tax return If filing a Form 41S included your election statement InCome income A schedule detailing the source of the income allocated income deductions and credits of the parent Apportionment Income deductions and credits of the QSSS are treated as income for financial accounting purposes from finance leases income Include a schedule of all taxes deducted on the federal income Interest expense related to business and nonbusinessincome must be prorated Complete the following computationsto calculate the total amount of nonbusiness expense offset income is excluded from the payroll factor income is more than $2 500 income or loss of the corporation The corporation s share of income or net recognized built in gains must pay the PBF income or net recognized built in gains subject to the creditlimitations Include a schedule showing the application of thecredit carryovers to the S corporation's tax income tax income tax credits income tax enter the amount of the franchise tax on this line income tax filing requirement: Income Tax Policy income tax purposes income tax purposes A change to the annual accounting period income tax return even though only one Idaho group return is incorporated directly into the manufacturing process incorporated in the United States If a corporation chooses to indebtedness and amounts realized from exchanges ofinventory that aren't recognized by the IRC independent living to a youth or rehabilitation facility or their information Answer each question or the return will beconsidered incomplete Incomplete returns will causeprocessing delays information Show the computation of the tax on line 38 This infrastructure investment tax credit carryover from a previous Instructions are for lines not fully explained on the form Instructions are for lines not fully explained on the form instructions are listed InSTRUCTIonS FoR FoRm 42 InSTRUCTIonS FoR FoRm 44 Instructions for: instructions Include a copy of the computations insurance company paying the Idaho premium tax required by InTeReST Interest applies on any tax due Interest applies on delinquent tax from the original due date ofthe return until the tax is paid at the rate of 4% per year (rate Interest expense from a pass through entity Interest expense from a pass through entity Interest expense included in line 1 Interest expense Total interest expense Interest expense Total interest expensededucted in determining federal income Interest income from obligations of the U S Government isn'tsubject to the Idaho tax Deduct any U S Government interestincluded in federal income Examples of obligations of the U S Interest income from obligations of the U S Government isn'tsubject to the Idaho tax Deduct any U S Government interestincluded in federal taxable income line 11 Examples ofobligations of the U S Government include: Interest income from the Federal National Mortgage Association Interest income received from the Federal National MortgageAssociation (FNMA) and the Government National Mortgage Interest Interest is charged from the due date until paid The InTeRnal RevenUe Code (IRC) investment credit recapture This includes property that ceasesto qualify for the ITC investment credit You may also claim this credit if you acquired InveSTmenT eXempTIon (QIe) Investment tax credit investment tax credit recapture This includes property movedoutside of Idaho investment tax credit recapture This includes property no longer IRC Section 7704 irrevocable; you can't get a refund later is a member of an operating partnership or joint venture is filed within one year of the end of the taxable year of the net is filed within one year of the end of the taxable year of the netoperating loss that results in the carryback If an amended is included in the payroll factor even though capitalized into thecost of construction Compensation is attributable to the state is more than the Idaho depreciation (including gains andlosses) include the difference as an addition on this line; is not required to file is paid on or before the extended due date a 2% per monthextension penalty will be computed on tax due from the is performed but the individual s residence is in Idaho is registered with the Idaho Secretary of State to do business Is registered with the Idaho Secretary of State to do businessin Idaho is reported by the shareholder for federal tax purposes is required to file if his share of the S corporation s Idaho gross is the interest expense offset is the total rents paid for the property less the aggregate annual Is transacting business in Idaho or isn't required to pay the PBF tax It includes news and sporting events in the format of a motion ITC the corporation earned for the tax year items as orbiting satellites and undersea transmission cables its own apportionment factors It does this by including its total j Total interest expense Subtract lines f throughi from line e January 1 2013 will be subtracted in the twenty succeeding January 1 2013 will be subtracted in the twenty succeedingtaxable years unless an amended return carrying the loss back journals or other printed material include outer jurisdictionalproperty in the property factor whether owned or rented if used jurisdictional film and radio programming property Outer jurisdictional property includes orbiting satellites and underseatransmission cables that aren't physically located in any Kinderhaven Sandpoint laws of any state Learning Lab Inc Boise least 80% of the current year's tax liability or 100% of the total legal holiday the return is timely if it is filed on the next work day legible less than zero An NOL incurred by a corporation during a tax limitations apply The total tax before credits can't be less than limitations is closed you have one year from the date of the finaldetermination to file for the refund Limited liability company treated as a corporation for federal lIne 1 InCome FRom UnITaRy FoReIgn SUbSIdIaRIeSWater s edge Filers If you are a water s edge filer disregard lIne 1 InveSTmenT TaX CRedIT (ITC) lIne 1 TaX FRom ReCapTURe oF InveSTmenT TaXCRedIT lIne 10 InTeRCompany TRanSaCTIonS InClUded on lIne 10 Small employeR neW jobS TaX CRedIT lIne 11 bIoFUel InFRaSTRUCTURe InveSTmenT TaX lIne 11 FedeRal TaXable InCome lIne 11 oTheR SUbTRaCTIonS lIne 12 InTeReST and dIvIdendS noT TaXable UndeR lIne 13 STaTe mUnICIpal and loCal TaXeS line 14 Include a detailed schedule lIne 15 dIvIdendS ReCeIved dedUCTIon lIne 16 bonUS depReCIaTIon line 16 Divide Idaho gross receipts by total gross receipts lIne 17 bonUS depReCIaTIon line 17 For all taxpayers other than electrical and telephone lIne 17 oTheR addITIonS lIne 18 oTheR ITemS lIne 19 FoReIgn dIvIdend gRoSS Up lIne 2 CRedIT FoR pRodUCTIon eQUIpmenT USIng lIne 2 FedeRal TaXable InCome oF lIne 2 TaX FRom ReCapTURe oF bRoadband lIne 20 InTeReST and dIvIdendS noT TaXable UndeR lIne 20 InTeReST FRom Idaho mUnICIpal SeCURITIeS lIne 21 InTeReST on U S goveRnmenT oblIgaTIonS lIne 21 STaTe mUnICIpal and loCal TaXeS lIne 22 InTeReST eXpenSe oFFSeT lIne 22 oTheR addITIonS lIne 24 InTeReST FRom Idaho mUnICIpal SeCURITIeS lIne 24 TeChnologICal eQUIpmenT donaTIon lIne 25 alloCaTed InCome lIne 25 InTeReST on U S goveRnmenT oblIgaTIonS lIne 26 InTeReST eXpenSe oFFSeT lIne 26 nonbUSIneSS eXpenSe oFFSeT lIne 28 bonUS depReCIaTIon lIne 28 TeChnologICal eQUIpmenT donaTIon lIne 29 alloCaTed InCome line 29 must be added back Related expenses include interest lIne 29 oTheR SUbTRaCTIonS lIne 3 InCome oF FoReIgn CoRpoRaTIonS SUbjeCTTo FedeRal TaXaTIon lIne 3 pRomoTeR SponSoRed evenT CRedIT lIne 3 TaX FRom ReCapTURe oF Small employeRInveSTmenT TaX CRedIT lIne 30 nonbUSIneSS eXpenSe oFFSeT lIne 32 bonUS depReCIaTIon lIne 33 appoRTIonmenT FaCToR lIne 33 oTheR SUbTRaCTIonS lIne 35 InCome alloCaTed To Idaho lIne 36 Idaho neT opeRaTIng loSS (nol) CaRRyoveRand CaRRybaCk line 36 Include Form 56 or a schedule showing the applicationof the loss lIne 37 appoRTIonmenT FaCToR lIne 37 Idaho TaXable InCome lIne 38 Idaho InCome TaX lIne 39 CRedIT FoR ConTRIbUTIonS To Idaho lIne 39 InCome alloCaTed To Idaho lIne 4 CRedIT FoR QUalIFyIng neW employeeS lIne 4 InTeRCompany elImInaTIonS lIne 4 TaX FRom ReCapTURe oF Small employeRReal pRopeRTy ImpRovemenT TaX CRedIT lIne 40 CRedIT FoR ConTRIbUTIonS To Idaho yoUTh lIne 41 ToTal bUSIneSS InCome TaX CRedITS lIne 44 CRedIT FoR ConTRIbUTIonS To Idaho lIne 44 peRmanenT bUIldIng FUnd TaX lIne 45 CRedIT FoR ConTRIbUTIonS To Idaho yoUTh lIne 45 ToTal TaX FRom ReCapTURe oF InCome TaX lIne 46 FUelS TaX dUe line 46 Include Form 75 lIne 46 ToTal bUSIneSS InCome TaX CRedITS lIne 47 SaleS/USe TaX dUe lIne 48 TaX FRom ReCapTURe oF QUalIFIed lIne 49 mInImUm TaX lIne 5 CRedIT FoR Idaho ReSeaRCh aCTIvITIeS lIne 5 oTheR addITIonS lIne 5 TaX FRom ReCapTURe oF Small employeRneW jobS TaX CRedIT lIne 50 peRmanenT bUIldIng FUnd (pbF) TaX lIne 50 UndeRpaymenT InTeReST line 51 lIne 51 donaTIon To oppoRTUnITy SCholaRShIppRogRam lIne 51 ToTal TaX FRom ReCapTURe oF InCome TaX lIne 52 FUelS TaX dUe line 52 Include Form 75 lIne 53 eSTImaTed TaX paymenTS lIne 53 SaleS/USe TaX dUe lIne 54 SpeCIal FUelS and gaSolIne TaX ReFUnd lIne 54 TaX FRom ReCapTURe oF QUalIFIed lIne 55 hIRe one aCT CRedIT lIne 56 UndeRpaymenT InTeReST line 57 lIne 57 donaTIon To oppoRTUnITy SCholaRShIppRogRam lIne 58 penalTy and InTeReST lIne 59 eSTImaTed TaX paymenTS lIne 6 bRoadband eQUIpmenT InveSTmenT CRedIT lIne 6 TaX FRom ReCapTURe oF bIoFUelInFRaSTRUCTURe InveSTmenT TaX CRedIT lIne 60 SpeCIal FUelS and gaSolIne TaX ReFUnd lIne 61 hIRe one aCT CRedIT lIne 61 ReFUnd lIne 62 eSTImaTed TaX lIne 63 ToTal dUe oR oveRpaymenT on ThIS ReTURn lIne 64 penalTy and InTeReST lIne 67 ReFUnd lIne 68 eSTImaTed TaX amended ReTURn only lIne 7 FedeRal TaXable InCome oF nonUnITaRy lIne 7 InCenTIve InveSTmenT TaX CRedIT line 8 lIne 8 dIvIdend eXClUSIon lIne 8 Small employeR InveSTmenT TaX CRedIT line 8) line 9 Divide Idaho property by total property (amounts on lIne 9 InTeRCompany dIvIdendS InClUded on The lIne 9 Small employeR Real pRopeRTyImpRovemenT TaX CRedIT lines 11 and 12 Enter the amounts from line 10 that were lines 39 40 and Form 44 Part I line 1 lines 39 40 and Form 44 Part I lines 1 and 2 lIneS 40 43 lines 44 45 and Form 44 Part I line 1 lines 44 45 and Form 44 Part I lines 1 and 2 link to the regulations at tax idaho gov listed the total overpayment as the amount you want refunded to listed the total overpayment as the amount you want refunded to lIne 69 ToTal dUe oR oveRpaymenT on ThIS ReTURn live or otherwise on radio It includes commercial educational Living Independence Network Corporation Boise and Twin Living Independently For Everyone Inc Blackfoot Idaho loan holding company under the Federal National HousingAct as amended Loans and credit card receivables are considered located Loans and credit card receivables are valued at their averageoutstanding principal balance without regard to any reserve for loss statements may be adjusted to tax accounting standardsas would be required by the IRC if the corporation were made on an amended return Permission must be requested Magic Valley Rehabilitation Services Inc Twin Falls Mail the return and payment to: make the book to tax adjustments all book to tax adjustmentsmust be made for all unitary foreign corporations not included Make your check cashier's check or money order payable to the manufactured products Mark the appropriate boxes and provide the requested materials and labor) to the extent the costs exceed progress maturity or redemption of the principal of a loan bond mutual may carry forward the unused portion of the credit up to seven may claim a $1 credit for each temporary permit issued during may have earned the credit for Idaho research activities may not reduce Idaho taxable income to less than zero Anyunused deduction can't be carried to another year means all performances events or productions broadcast medium member that has an Idaho filing requirement If a group returnis filed for the unitary group the following information must be members of the unitary group merchandise purchased over the Internet book and record met The following are some of these tests: method for unemployment compensation purposes you may usethe cash method to include compensation paid to employees in method to the worldwide method method uses the apportionment factor to measure the economic miles traveled in Idaho to miles traveled everywhere mInImUm TaX minimum tax Each corporation included in a group return andrequired to file is subject to the $20 minimum tax modIFIed FaCToRS FoR CeRTaIn IndUSTRIeS month late payment penalty will be computed on tax due from more corporations included in the report are authorized to more Estimated taxes are filed on Form 41ES The estimated more information about the Idaho Opportunity ScholarshipProgram please visit www boardofed idaho gov/scholarship/ most taxpayers the sales factor is double weighted movement of your transportation equipment and personnel multinational taxpayer include the total additions from Form 42 Multiply line 1e by line 4 Multiply line 1h by line 4 Multiply line 2h by line 5 This is the interestexpense prorated to nonbusiness income Multiply line 2j by line 5 This is the interestexpense prorated to nonbusiness income Multiply line 7 by line 5 Multiply the total amount of such purchases by 6% ( 06) multiplying 7 4% by the lesser of Idaho apportioned excess mUlTISTaTe & mUlTInaTIonal TaXpayeRS mUlTISTaTe CoRpoRaTe membeRS oF paRTneRShIpS must compute its own share of the combined NOL apportioned must have prior approval from the Internal Revenue Service must have prior approval from the IRS Include a copy of thefederal approval with your return must submit a written request at least 30 days prior to the due Mutual savings bank that doesn't have capital stockrepresented by shares a domestic building and loanassociation a domestic savings and loan association afederal savings and loan association with substantially all of negative amount neT opeRaTIng loSS (nol) net passive income and net recognized built in gains lessapplicable income tax credit carryovers on line 49 Credit net passive income or Idaho apportioned taxable income New Day Products Inc Pocatello nonbusiness Income Nonbusiness income is all income other nonConSolIdaTed UnITaRy SUbSIdIaRIeS Nonproductive mining corporation Nonproductive mining corporations and nonprofit corporations Nonprofit organization that receives unrelated businessincome as defined in the IRC If you don't receive unrelatedbusiness income you aren't required to file an Idahocorporate income tax return However if you file a federal nonrecurring situations that produce inconsistent results If youhave a unitary business the law assumes that unitary filing andapportionment more accurately reflects your income unless youcan prove otherwise nonresident individual shareholders or directors Northwest (North Idaho) Children s Home Not all deductions allowed on an individual return are allowed obligations of the United States and the state obligations of the United States and the state of obtain an equitable result Income from services is attributable obtained: occurred You must receive prior approval from the Tax of all unitary affiliates with more than 50% common ownership of as solid waste It doesn't include radioactive or hazardous of business of dividends from foreign corporations must be reduced to 80% of exercising its corporate franchise in Idaho This includes a of federal and state corporation and S corporation income of Idaho credit allowed recapture required and credit carryovers of Idaho its cities and political subdivisions) of income tax credits of outer jurisdictional property attributable to Idaho is computed of the bid price should be included in the gross receipts Gross of the overpayment listed on line 60 as a refund or apply all or of the tax year The Tax Commission may require or allow the of the taxpayer s accounting method Under the accrual method of three factors: property payroll and sales These percentages of value are present evidenced by factors such as: of where reported for unemployment tax purposes of your return or the status of your refund or payments on any tax paid after the due date on behalf of two or more nonresident owners It allows the on Form 75 Section IV lines 3 and 4 and enter the total on on his share of the income A nonresident individual meets the on indebtedness incurred or continued to purchase or carrythe assets that produce the nonbusiness interest and dividend on line 20 by the number of factors used For example if your on line 61 must equal the overpayment listed on line 60 If you on line 67 must equal the overpayment listed on line 66 If you on personal property that qualifies for the investment tax credit on property that ceases to qualify before the end of the five on property that ceases to qualify before the end of the five year on the S corporation's return the tax may be offset by that on your return One half of the amount donated One half of the amount donated Only the income and apportionment factors of unitary operating loss that results in the carryback If an amended operations of the business performed outside Idaho Opportunities Unlimited Inc Lewiston opportunity asp option 1 Enter the net income before income taxes stated on option 2 The net income or loss reported on the profit and or artistic works in the format of an audio tape disc or other or association organized and operated exclusively for thebenefit of Idaho colleges and universities or business Business income also includes income from or carryforward The loss must be passed through to theshareholder to be taken on his individual income tax return or complete Form 42 if you have met the criteria listed and or disposition of the property is an integral part of your regular or extraordinary transaction All business income must be or loss before income taxes reported on the profit and loss or mail by air your apportionment factor should reflect the or natural gas) without paying the fuels tax and later use this fuel or other place of storage in Idaho and the taxpayer isn't or otherwise represent you before the Tax Commission or radio programming in release to or by television and radio or radio programming that is intended for sale or rental for homeviewing or listening is included in the property factor at original or sales) don't apply to your business use the remaining factors or shareholder For example S corporations aren't allowed or the extended due date the following penalties will apply: Original cost is the basis of the property for federal income taxpurposes (prior to any federal adjustments) when it was acquiredby the corporation and adjusted for subsequent capital additionsor improvements special deductions or partial disposition original due date to the date the tax is paid other form of payment to employees for personal services Other indirect expenses related to both businessand nonbusiness income other purchases and enter the total on line 47 other purchases and enter the total on line 53 Other revenue fixed property and compensation of employees other talent for a live television broadcast film or radio program oTheR TaXeS otherwise enter the difference on line 28 otherwise enter the difference on line 32 Otherwise the credit is limited to the smallest of: over for 5 years Owning or leasing as lessor or lessee any property in Idaho paid If you are required to report compensation under the cash paid or received for the temporary use of railroad cars shouldn't paid or the date the return is filed plus a 0 5% per month late paid to an individual corporation or other business entity forproviding the services of directors actors newscasters and Panhandle Special Needs Inc Sandpoint paper or plastic that have been or would have been disposed paRT I appoRTIonmenT FoRmUla paRT I bUSIneSS InCome TaX CRedITS Part I has two columns: the Credit Allowed column for the Part I line 1 Part I line 12 and enter the total of these amounts on line 46 Part I line 12 See page 16 for specific instructions Include Part I of Form 44 provides a listing of the Idaho business credits Part I of this form provides the computation of the Idahoapportionment factor and is to be used by taxpayers who haveincome from business activity that is taxable in Idaho and paRT II CombIned RepoRTIngadjUSTmenTS Part II line 12 Include a schedule identifying each deduction Part II line 15 Include Form 55 Part II line 6 Include a schedule identifying each addition Part II of Form 44 provides a listing of the tax from recapture of Part II of this form provides the worldwide and water s edge paRT II TaX FRom ReCapTURe oFInCome TaX CRedITS part of the overpayment to your 2014 estimated tax Enter the particular state Film programming means performances partner are sourced as compensation for services The amount partner's state of domicile partnership's Idaho apportionment factor pass through entity's property payroll and sales numbers from Pay by the original due date at least 80% of the tax due on pay the $10 PBF tax This includes homeowners' associations paying the tax for shareholders Include a schedule identifyingeach deduction Payment and payment penalty will be computed on tax due from the date payment penalty will be computed on tax due from the date paymenTS paymenTS and oTheR CRedITS payments Enter the amount of underpayment interest fromForm 41ESR Part II line 24 Include Form 41ESR Payments made to an independent contractor or any other Payments of $100 000 or more must be paid by electronic funds payments paid to employees directors actors newscasters payroll and sales factor rules payRoll FaCToR payroll in the Idaho numerators based on the percentage of payRollline 19 Divide Idaho wages and salaries by total wages and penalTIeS Penalties may be imposed on the tax due as follows: Penalty and interest are computed on the tax on line 57 less theunderpayment interest on line 50 and the donation amount on Penalty and interest are computed on the tax on line 63 less theunderpayment interest on line 56 and the donation amount on penalty If the corporation files a return after the due date or penalty If the S corporation files a return after the due date or penalty the amount of tax payments you have made must be at per month extension penalty will be computed on tax duefrom the original due date to the earlier of the date the tax is peRIod ReTURn peRmanenT bUIldIng FUnd (pbF) TaX permission must be requested from the Tax Commission person etc acting on your behalf in Idaho person not properly classifiable as an employee are excluded picture a video tape or other medium Radio programming PO Box 36 PO Box 36 PO Box 56 portion of the overpayment to your 2014 estimated tax Enter portion of these amounts attributable to Idaho is determined poSTConSUmeR WaSTe Postconsumer waste or postindustrial waste includes only glass postindustrial waste products and identifying the newly preceding two years derived more than 50% of its total gross Product is any manufactured material that is composed of atleast 50% of postconsumer or postindustrial waste and offered project for the tax year Project P A T C H (Planned Assistance for Troubled Children) Project Safe Place in Idaho projects in Idaho is included in the Idaho numerator If progress property during the tax year pRopeRTy FaCToR property factors for the taxpayer s equity in the project Property is delivered or shipped to a purchaser in Idaho Property is included in the factor if it is actually used or capableof being used during the tax year in the regular course of the Property is shipped from an office store warehouse factory property or business isn't being operated Property owned by the taxpayer is valued at its original cost Property rented is valued at eight times the net annual rental pRopeRTylines 1 through 4 Enter the beginning and end of the year proprietorship branch or division of their owners Income provides apportionment factor information that will be needed provisions of the IRC Include a schedule PTE to compute and report the income and tax attributable Publicly traded partnership treated as a corporation under publishers Puerto Rico purchaser is the U S Government purchases on your sales and use tax returns purposes and without profit purposes As a result these entities are treated as a sole purposes If the percentage of completion method is used the purposes must file Form 41S if it: putation of apportionable income To the extent dividends are qualified equipment identifying the postconsumer or Qualified equipment is machinery or equipment in Idahowith a useful life of three years or more In addition 90% of qualified investments in Idaho that were placed in service intax years beginning in 2007 and ending December 31 2011 QUalIFIed SUbChapTeR S SUbSIdIaRIeS (QSSS) Question 1 FedeRal aUdIT Question 1 FoRm pTe 12 Question 10 CRedIT FoR Idaho ReSeaRCh aCTIvITIeS Question 10 InSURanCe CompanIeS Question 12 pRopeRTy TaX eXempTIon Question 2 FedeRal aUdIT Schedule K lines 4 5a 6 7 and 8a Question 2 InaCTIve oR nameholdeR CoRpoRaTIonS Question 3 eSTImaTed TaX paymenTS Question 3 InaCTIve oR nameholdeR CoRpoRaTIonS Question 4 eSTImaTed TaX paymenTS Question 4 FInal ReTURn Question 5 eXTended FedeRal dUe daTe FoR ShoRT Question 5 FInal ReTURn Question 6 eleCTRICal oR Telephone UTIlITy Question 7 CombIned RepoRTIng InFoRmaTIon Question 7 oWneRShIp Change Question 8 InveSTmenT TaX CRedIT (ITC) Question 8 mUlTInaTIonal UnITaRy gRoUp Question 9 bRoadband eQUIpmenT InveSTmenT CRedIT Question 9 pRopeRTy TaX eXempTIon QUeSTIonS 1 10 QUeSTIonS 1 12 Railroads Railroads and Trucking Companies rata share of credits earned credits subject to recapture and rate for 2014 is 4% rate of 7 4% rate The net annual rental rate for any item of rented property Real Estate Investment Trust (REIT) real or personal and doesn't have any Idaho payroll may elect topay tax to Idaho at the rate of 1% of Idaho gross sales if its Idaho recapture period you must compute the broadband equipment receipts derived during the tax year from transactions andactivities attributable to Idaho in the regular course of the receipts from a construction project are attributable to Idaho receipts from sales of tangible personal property are assigned toIdaho if: receipts means gross sales less returns and allowances Gross received or accrued from obligations of any state or politicalsubdivision excluded from federal income under the provisions of received or accrued from obligations of any state or politicalsubdivision excluded from federal taxable income under the Receiver trustee in dissolution trustee in bankruptcy or recent tax year covered in the audit recognized built in gains must pay the $10 PBF tax Refer to Form PTE 12 for instructions reflect the movement of your transportation equipment andpersonnel Include the transportation revenue property and refund is three years from the due date of the return or the date ReFUnd oR paymenT dUe regardless of F O B point or other conditions of sales Regular corporation subject to the income or franchise tax Regulated Investment Company (RIC) regulations for the following special industries Examples of the regulations on the Internet The Tax Commission website has a regulations Therefore if an entity is classified or taxed as a remaining loss may be carried forward until used but no longer reorganized report doesn't disregard the separate corporate identities of the reported by each shareholder are subject to the limitations Reporting Adjustments reporting method Even if you checked the "No" box answerquestions a through c Include Form 41A if you answer yes to request to: required for that period by the IRC required to file a federal income tax return This includes foreigncorporations filing a federal Form 1120F requirement and electing to have the S corporation pay the tax return return return A composite return is a single return filed by a PTE return If you are filing this form as an amended return checkthe box at the top of the form Enter the applicable reason(s) foramending as listed below Complete the entire form using the return If you check the box you are authorizing the Tax Commission return is filed or the extended due date) return is filed to carry the loss back the loss is applied to the return must be filed The statute of limitations for receiving a return you can't change your election return You will compute your tax based on 1% of the Idaho Returns for all corporations except for farmers' cooperatives aredue on or before the 15th day of the fourth month following the Round the amounts on the return to the nearest whole dollar RoUndIng S Corporation Income Tax Return Idaho Business Income Tax Credits S corporations that pay tax on excess net passive income or net S corporations that report taxable income on line 42 arerequired to pay the $10 PBF tax for each nonresident individualshareholder who has the corporation pay the tax on his income salaries (amounts on line 18) sale rental or other use of customer lists are included as Idaho SaleS Sales also includes gross receipts from services and all othergross receipts such as interest dividends rents royalties grossreceipts from the sale of property and other income derived by sales are $100 000 or less To make this election you must sales as determined by a circulation factor sales factor sales factor See the instructions for Form 42 Sales includes all gross receipts derived from transactions and sales that don't exceed $100 000 the corporation may elect schedule showing the application of the loss schedules supplied by the IRS Scholarship Program The amount designated will either reduceyour refund or increase your tax due Your choice to donate is secondary or higher education) or its foundation Section 382 loss limitation is limited by the pre merger losscorporation's Idaho apportionment factor for the last tax year securities you may deduct the portion of the interest earned See federal Form 1120S instructions Include a copy of the See the instructions for Form 42 Separate accounting Separate accounting means allocatingincome and related expenses to the state where the activity shareholders from the federal Form 1120S Schedule K shareholder's pro rata share of credits Credits applied to this shareholders those shareholders' pro rata share of the totalbusiness income tax credits and tax from recapture of income shareholders who aren't individuals the Form ID K 1 also Shepherd's Home Inc McCall Short period returns are due by the later of the 15th day of thefourth month following the close of the tax year or by the date show the total for the unitary group A schedule must be included SIgnaTURe site during the project period site during the project period Small employer income tax credits software and scientific equipment or apparatus manufacturedwithin five years of the date of donation The amount deducted Soliciting business in Idaho Some of the service is performed in Idaho and the base ofoperations or if there is no base of operations the place from Some of the service is performed in Idaho and the base ofoperations or the place from which the service is directed orcontrolled isn't in any state in which some part of the service SpeCIFIC InSTRUCTIonS ST 124 with the Tax Commission to qualify for the credit standards that would be required by the IRC if the foreign state statement prepared for reporting to shareholders that is subject States station your apportionment factor should exclude outer stations located in Idaho and receipts from live telecasts filmsand radio programs based on the audience factor Student Loan Marketing Association subrental rates paid by subtenants Subrents aren't deducted subscriber in Idaho Gross receipts from the advertising and the subsidiaries if this method is used SUbSIdIaRIeS InClUded on The FedeRal ReTURn subsidiaries were required to file federal income tax returns subsidiary s federal income tax return Form 1120 adjusted for substantive contacts with that place of business To determine Subtotal Add lines a through d Subtract lines e f and gfrom line d subtracted SUbTRaCTIonS SUbTRaCTIonS tangible or intangible property if the acquisition management tation of the apportionment factors Tax Administrative Rules Tax Administrative Rules tax An S corporation is required to pay the PBF tax for eachnonresident individual shareholder meeting the Idaho filing tax are computed based on the credit limitations applicable Tax available Tax available: tax credit tax credit The credit is 20% of your cost to purchase qualified tax credits will be carried to the Form 41S Don't enter the total TaX dUe FoR nonReSIdenT oFFICeRS dIReCToRS tax for all the shareholders tax for three individual shareholders the amount of credit for tax from recapture of income tax credits will be carried to the tax idaho gov tax idaho govQuestions: Refund Information: tax on Idaho gross sales and affirm that for the tax year the tax payments are due on the 15th day of the 4th 6th 9th and TaX peRIod/yeaR CoveRed by ReTURn TaX pRepaReR ConTaCT boX tax purposes tax refunds or other tax benefit recoveries pension reversions tax reported last year Use Form 41ES to make your payment tax returns The Federal/State MeF E File Program providesone stop electronic filing of returns in a single transmission tax year tax you must report use tax due on such purchases Examplesinclude magazine subscriptions out of state catalog purchases taxable in the state of the purchaser (throwback sales) or the taxable years unless an amended return carrying the loss back TaXeS taxpayer s trade or business The denominator is the total taxpayers include the total deductions from Form 42 Taxpayers who file online get faster refunds make fewer errors telephone utilities divide the total on line 20 by 3 Television and Radio Broadcasters Tennessee Valley Authority Bonds Territory of Alaska Territory of Hawaii Territory of Samoa tests that are used to make this determination and a business than 15 years than business income and must be allocated not apportioned that aren't physically located in any particular state The portion that exist on the shareholder's Idaho income tax return Credits that has ownership in at least one foreign affiliate who doesn't file that is attributable to direct U S Government obligations This that qualify for this deduction are limited to computers computer The $20 minimum tax isn't required to be paid by the following: the 20 printed on the form Enter the total Idaho tax on excess The amount applied from your 2012 return the amount from Form 75 Section IV line 1 Include Form 75 the amount you wish to receive as a refund on this line If youenter the total amount from line 66 you must enter zero online 68 The amounts you use for federal will also be used for Idaho Noadditional forms or computations are needed for Idaho The apportionment factor of a financial institution should reflect The apportionment formula is presumed to be the correct way The Arc Inc Boise The average value of property owned by the taxpayer iscomputed by averaging the values at the beginning and ending The biofuel investment tax credit was eligible to be earned on the business confined to making loans to members and a the business of extending credit through loans and credit cards The carryback is limited to a maximum of $100 000 Any The Children's Home Society of Idaho Inc Boise The Children's Village Inc Coeur d'Alene The combined report may be reflected on one group return filed The combined report shouldn't be confused with a federal The combined reporting method is required if two or morecorporations are engaged in a unitary business and morethan 50% of the voting stock is owned directly or indirectly by a the consolidated federal return but not partof the combined report filed with Idaho The contribution or dependency test This test is met when the corporation must apportion its share of the partnership s the corporation must: the corporation or if a new shareholder acquired an interest in the The corporation that earned the credit must claim the credit tothe extent allowable against its tax liability before sharing the the credit by transfer or unitary sharing the credit through a transfer the dash when entering your EIN the date the return is filed to the date of payment The deduction for donations of technological equipment is limitedto the lower of cost fair market value or Idaho taxable income of The denominator is the average value of all the taxpayer s real The domestic disclosure spreadsheet must be filed within sixmonths after filing the Form 41 A unitary business may elect to The election to forgo filing the spreadsheet is a yearly decisionmade by checking the "Yes" box on line 8b Form 41 the entire five year recapture period you must compute thesmall employer new jobs tax credit recapture the equipment's production must result in products utilizingpostconsumer or postindustrial waste the extended due date the following penalties will apply: the extended due date to the earlier of the date the return is the federal consolidated return The income of the nonunitarysubsidiaries is a subtraction on line 7 Include a schedule the Federal Deposit Insurance Act the federal income tax return filed with the IRS with your Idahoincome tax return The FedeRal ReTURn the final federal determination You must include copies of all the following activities: The following are the qualified centers for independent living: The following businesses must use special rules in computingthe apportionment factors: The following credits are available to be transferred to anothertaxpayer rather than used by the taxpayer who earns the credit: The following credits however are available to be transferred to The following dividend exclusions are applicable only to water s The following instructions apply only to corporations that aretaxable in Idaho and another state or country (multistate andmultinational corporations) or are part of a unitary group of The franchise tax is imposed on a corporation for the privilege The gasoline tax refund is available to those who buy and use the Idaho additions and subtractions listed on Form 41 Include The Idaho Commission for Libraries the Idaho Department of Health and Welfare may qualify for a the Idaho net operating loss of merged corporations The IRC The Idaho State Historical Society or its foundation The Idaho tax on excess net passive income is computed by The Idaho tax on net recognized built in gains is computedby multiplying 7 4% by the Idaho apportioned net recognizedbuilt in gain See federal Form 1120S Schedule D the individual s service in Idaho The individual s service is performed both in and outside The individual s service is performed entirely within Idaho the IRC Include a schedule the member earning the credit and the members using the credit The minimum penalty is $10 The minimum penalty is $10 The maximum penalty is 25% oftax due The minimum penalty is $10 The maximum penalty is 25% ofthe tax due The minimum tax of $20 is required for each corporationthat transacts business in Idaho is registered with the IdahoSecretary of State to do business in Idaho or is exercising its the nonbusiness expense offset from line 26 that applies to this the nonbusiness expense offset from line 30 that applies to this the number of factors is reduced by one the operations in Idaho contribute to or are dependent on the The option selected must be used for all foreign affiliates not the overpayment listed on line 66 as a refund or apply all or a the partnership s property payroll and sales is determined in the payroll factor The payroll factor includes residual and profit participation The payroll factor is a fraction The numerator is the The presence of any of the following generally indicates a unitarybusiness: the principal amount received under a repurchase agreement the proceeds from issuing your own stock or from the saleof treasury stock damages or other amounts received fromlitigation property acquired by an agent on behalf of another The property factor denominator includes the average valueof the taxpayer s cost of construction in progress (including The property factor is a fraction The numerator is the average the property sales and payroll of all the corporations included The provisions of IRC Section 381 and 382 apply in computing The qualified youth or rehabilitation facilities and their The return for a farmers' cooperative is due on or before the 15th the return is filed to the date the tax is paid if the tax is paidafter the return is filed the return is filed to the date the tax is paid if the tax is paidafter the return is filed The return must be signed by an authorized individual on behalfof the corporation the return or 100% of the total tax reported last year the return was filed whichever is later The S corporation must provide each shareholder with an The S corporation will be taxed on this income at the corporate The sales factor includes only the portion of the gross contractprice which corresponds to the percentage of the entire contract The sales factor is a fraction The numerator is the gross The sales factor is double weighted for all taxpayers except The sales numerator includes gross receipts from the saleof printed materials delivered or shipped to a purchaser or the same proportion as the partnership s income is distributed the source of income and explaining why the income was The special fuels (diesel propane or natural gas) tax refund isavailable to those who use the fuel for heating or in off highway the state in which the preponderance of substantive contactsrelating to a loan have occurred consideration shall be givento such activities as the solicitation investigation negotiation The Tax Commission with the IRS provides electronic filing The tax is computed at 7 4% of Idaho taxable income The tax on line 38 less the amounts on line 39 and Form 44 The tax on line 43 less the amounts on line 44 and the tax year Promoter sponsored events include swap meets the tax year to produce business income Property used in theproduction of nonbusiness income is excluded from the factor the taxpayer the taxpayer in the regular course of business If gross receipts The three unities test This test is met if all three of the following The total amount paid to employees is determined on the basis the total business income tax credits allowed from Form 44 The total of the business income tax credits allowed and the the unitary group files a group return or several returns This The value of nonflight property and nonflight payroll will be allocated The value of property located or used in Idaho for part of the taxyear is included in the Idaho property numerator based on theratio that the number of days the property is located or used inIdaho bears to the total number of days you owned or rented the The water s edge election is applicable only to a unitary business The worldwide filing method is required for all corporationsunless the water s edge election has been made The water s the worldwide filing method the denominators include the There are also special sales factor rules for attributing receipts These instructions don t provide a comprehensive explanation of Idaho tax laws or rules These provisions apply to an S corporation that is transacting This authorization is valid for up to 180 days from the datethe Tax Commission receives the return If you want the Tax This box applies only if you paid a tax preparer to complete your This corporation is subject to the Idaho franchise tax See this credit and you have qualified new employees at the projectsite during the project period This form can be used as an original return or as an amended This includes a(n): This includes corporations incorporated outside the United this line and go to line 2 This tax is also computed at 7 4% of Idaho taxable income See through in the same period that the S corporation income or loss through unitary sharing computes the applicable limitations throwback sales to Idaho (line 12) A sale made in a state that to a state The payroll factor is computed the same as under thestandard apportionment rules See page 19 to apportion business income However if the allocation and To claim a credit you acquired through a transfer you must to complete their Idaho income tax return Form ID K 1 also to compute the Idaho apportionment factor To determine the to corporations For example if an S corporation pays the to discuss your return with the paid preparer identified to do business in Idaho The PBF tax must be paid by eachcorporation in the unitary group that is required to file an Idaho to e file your return To ensure that your return is correctly processed include all to file an Idaho income tax return even though only one Idahogroup return is filed to Idaho and apply its loss to its apportioned income to Idaho must be included To make a valid water s edge election the Water's Edge Election to nonresident shareholders on a single tax return lIne 16 poRTFolIo InCome To pay by credit card debit card or e check visit our website at to pay tax at the rate of 1% of its Idaho gross sales You must To request the Idaho Water s Edge Election and Consent Form to review by an independent auditor to the cost of attendance and apply for other financial aidsources including federal aid Awards are renewable for up to To the extent that amounts listed for water s edge filers are to the state based on the general apportionment rules to this state to the extent that the services are performed in to use separate accounting exclude one or more factors or top of the form Total income Refer to Rule 115 Idaho Income Total income Refer to Rule 115 Idaho Income Total interest expense Add lines a through cand subtract line d Total nonbusiness income ToTal peRCenTageline 20 For all taxpayers other than electrical and telephone total property and Idaho property amounts total property sales and payroll of all domestic and foreign total property sales and payroll of the water s edge combined Total tax exempt income (interest on qualifying trade or business of the taxpayer Property under construction isexcluded trade or business operations Business income may result trade or business Receipts derived from the production ofnonbusiness income are excluded from the sales factor transact business in Idaho or are transacting business in TRanSaCTIng bUSIneSS transacting business in Idaho and its Idaho taxable income is Transacting business in Idaho is indicated by but not limited to transactions or activity in the regular course of your trade transfer If you are making an electronic funds transfer for thefirst time contact the Tax Commission at (208) 334 7660 or Transfers Transitional Employment Services for the Handicapped transportation payroll in the Idaho numerators based on thepercentage of Idaho departures of aircraft weighted as to the Trucking Companies two preceding taxable years and is limited to a maximum of two preceding years The carryback is limited to a maximum of$100 000 Any remaining loss may be carried forward until used U S C 611 to 631 U S Department of Energy at the Idaho National Laboratory U S Series EE and HH Bonds U S Treasury Bills and Notes unaffiliated or independent television or radio broadcasting UnITaRy bUSIneSS unitary group indicate whether the return is prepared on a unities are met: Unity of operation as evidenced by central divisions forfunctions such as purchasing advertising accounting andmanagement; and Unity of ownership; Unity of use in its centralized executive force and generalizedsystem of operations UpdaTeS FoR 2013 Use Form 41ESR Part I Underpayment of Estimated Tax to use in your business at the project site during the project period Use the 2013 form to file your tax return for calendar year 2013or the fiscal year beginning in 2013 Use the Idaho depreciation amounts to compute the Idahoadjusted basis and any gains or losses from the sale or used by a corporation that has ownership in at least one foreign used in Idaho during the tax year to produce business income used to compute the amount of business income to be reportedto Idaho by each member of a unitary group and not whether used to sell biofuel in Idaho using the ratio of Idaho usage to usage everywhere utilities add the percentages on lines 9 17 and 19 For utilities divide the total on line 20 by 4 For electrical and utilities multiply the amount on line 16 by 2 This is your doubleweighted value of aircraft by type to the total departures similarly weighted value of real and tangible personal property owned or rented and vertically structured enterprise Virgin Islands Walker Center Gooding waste Water s edge Filers Enter the federal taxable income reportedby corporations incorporated outside the United States that are Water s edge Filers: For multinational unitary groups using the water s edge filing method the denominators include only the water s edge spreadsheets as indicated on line 8b Form 41 WaTeR'S edge eleCTIon Western Idaho Training Co Inc Caldwell WhaT To FIle when a corporation pays the tax for an individual officer director When a unitary group files using the combined reporting method when the subrents are business income When To FIle where most of the employee s service is performed regardless WheRe To FIle which the service is directed or controlled is in Idaho which was completed at the end of the tax year For example while completing their studies to be eligible for renewal For Who mUST FIle a FoRm 41 Who mUST FIle FoRm 41S will be 1% multiplied by Idaho gross sales Do not compute an will be determined to be unitary even if only one of the tests is Winchester Occupational Workshop Winchester with no unrelated business income aren't subject to the $20 with this return to report withholding of Idaho income tax on within 60 days a 5% negligence penalty will be imposed Women's and Children's Alliance Worldwide Filers The income of a foreign affiliate included in aconsolidated federal return is included on line 11 Form 41 Worldwide Filers The income of foreign corporations is Worldwide Filers: For multinational unitary groups using WoRldWIde FIlIng worldwide or water's edge method If you are electing water's wouldn't be fairly represented by not including the amounts The Write your business name address and federal employer Write your federal employer identification number on your check year end other than that of the shareholder the credit passes year in which it wasn't transacting business in Idaho may not be year in which the credit is earned year less any refunds that have been included in federal income year recapture period you must compute biofuel infrastructure year recapture period you must compute the small employer years You are also authorizing the paid preparer to: You are not authorizing the paid preparer to receive any refund You can't change your election for the year once you file your you hadn't claimed the special depreciation allowance You may be entitled to a credit if you hired a new employee on or You may claim this credit if you have certified by filing Form You may claim this credit if you have certified by filing Form You may claim this credit if you have incentive investment tax You may claim this credit if you have qualifying biofuel You may claim this credit if you have qualifying new employee You may make a voluntary donation to the Idaho Opportunity you may petition or may be required to use another method to You may use photocopies of these tax forms Your copy must be You must also compute recapture if you failed to meet the You must also compute recapture if you failed to meet the tax you must file an amended Idaho income tax return withthe written notice See Amended Returns If the statute of You must include Form 44 with your return if you are claiming You must submit a written request at least 30 days prior to the You must use the same accounting method that is used for You must use the same accounting period that is used for federal You must use the same long term contract accounting method you on line 61 you must enter zero on this line you on line 67 you must enter zero on this line If the total due shown on line 65 is greater than zero enter this your return or submitted with the return on compact disc in Word