In some cases, a corporation can elect to modify the section a adjustment period. For details, see the Instructions for Form Enter any other taxable income not reported on lines 1 through 9. Also, see Line Dealers in securities must use the mark-to-market accounting who sells bed rail brackets.

It derives its name from Stuyvesant Avenue, its principal thoroughfare. It was originally part of the outlying farm area of Bedford for most of its early history. A low-rise residential district of three- and four-story masonry row houses and apartment buildings with commercial ground floors, it was developed mostly between and , [44] [45] [46] mainly between and Ocean Hill is located toward the eastern end Ocean Hill received its name in for being slightly hilly.

Hence it was subdivided from the larger community of Stuyvesant Heights. From the beginning of the 20th century to the s Ocean Hill was an Italian enclave. Weeksville is located toward the southeast. Weeksville was named after an ex-slave [49] from Virginia , who in [50] bought a plot of land and founded Weeksville.

The Stuyvesant Heights Historic District in Bedford-Stuyvesant comprises contributing residential buildings built between about and The district encompasses 17 individual blocks 13 identified in and four new in The buildings within the district primarily comprise two- and three-storey rowhouses with high basements, with a few multiple dwellings and institutional structures.

Phillip's Episcopal Church. Based on this calculation, as of [update] , Bedford—Stuyvesant is considered to be gentrifying. The census records of Bedford lists freemen and 72 slaves.

Rapid population growth followed major improvements to public transportation. By , Bed-Stuy's predominantly white population was 14, After a large decline during the s mirroring the citywide decline , the population in Bedford Stuyvesant grew by 34 percent between and faster than the citywide growth rate of 21 percent to reach , residents.

The population has increased by 25 percent in just the past 15 years, more than three times faster than the citywide rate. The ethnic and racial mix of the population has undergone dramatic changes in the past 15 years as the neighborhood has attracted new residents. According to data from the U. Census Bureau, three-quarters of the residents identified as black or African-American in , but this share had declined to less than half of the population by In the latest year for which census data are available , one-quarter of the residents were white and nearly one-fifth were Hispanic.

By comparison, in , less than 3 percent of the population was white the Hispanic share of the population has remained relatively unchanged. The neighborhood is part of New York's 8th congressional district , [60] [61] represented by Democrat Hakeem Jeffries as of [update]. As of [update] , preterm births and births to teenage mothers are more common in Bedford—Stuyvesant than in other places citywide.

In Bedford—Stuyvesant, there were 95 preterm births per 1, live births compared to 87 per 1, citywide , and The concentration of fine particulate matter , the deadliest type of air pollutant , in Bedford—Stuyvesant is 0. The northern part of the neighborhood is covered by ; the central part, by ; the southwestern part, by ; and the southeastern part, by In addition, the ZIP Code covers several blocks in the northwestern corner of Bed-Stuy, and includes several blocks in the extreme southern portion of the neighborhood.

Bedford—Stuyvesant generally has a lower ratio of college-educated residents than the rest of the city as of [update]. Bedford—Stuyvesant's rate of elementary school student absenteeism is higher than the rest of New York City. Several public schools serve Bedford-Stuyvesant. From Wikipedia, the free encyclopedia. Redirected from Bedford-Stuyvesant.

Neighborhood of Brooklyn in New York City. Neighborhood of Brooklyn. United States historic place. Stuyvesant Heights Historic District. National Register of Historic Places. Historic district. Miracle Temple. On Decatur Street. Lebanon Baptist Church. On Lewis Street. Aaliyah — , Grammy-nominated singer. Frank's autobiographical bestseller Angela's Ashes describes their early childhood life in a working-class apartment building on Classon Avenue.

Williams born , actress. Retrieved March 18, Retrieved August 8, Retrieved July 17, Harvard University Press. ISBN December Accessed April 25, The New York Times. ISSN Retrieved July 16, Master thesis. Urban Planning Program. Columbia University. Retrieved October 3, Retrieved January 16, Accessed November 17, Retrieved September 18, Retrieved October 31, Robert Kennedy: A Memoir reprint ed.

New York: Penguin Group. Tuesday May 2, Page Retrieved on January 22, July 31, Regional Labor Review. Spring Cooper dies". Business Wire. January 30, Retrieved January 30, Cooper, 74, Pioneering Journalist". O'Rourke Retrieved February 5, Robert Kennedy and his times. Retrieved October 27, Archived from the original on August 6, Retrieved July 1, The Insider. Associated Press. Archived from the original on February 12, Retrieved October 10, Other than Notorious B.

Campaign: "Bed-Stuy and Proud of it" , op. Any capital loss carryback to the tax year under section a 1. Deduction for income attributable to domestic production activities of specified agricultural or horticultural cooperatives. See the exception below for farmers and ranchers and certain Native Corporations. Special rules apply if the corporation has an NOL carryover to the tax year. To figure the amount of any remaining NOL carryover to later years, taxable income must be modified see section b.

To the extent that contributions are used to reduce taxable income for this purpose and increase an NOL carryover, a contributions carryover is not allowed. See section d 2 B. This applies to:. A qualified farmer or rancher as defined in section b 1 E v that does not have publicly traded stock; and.

A Native Corporation as defined in section b 2 C iii that contributes property which was land conveyed under the Alaska Native Claims Settlement Act. See sections b 2 B and C. Qualified contributions are charitable contributions that were made during calendar year or to an organization described in section b 1 A other than certain private foundations described in section a 3 or donor-advised funds described in section d 2.

Qualified contributions are any charitable contributions that were made after December 31, , and before February 26, , to an organization described in section b 1 A other than certain private foundations described in section a 3 or donor-advised funds described in section d 2 for relief efforts in one or more qualified disaster areas. The corporation must obtain contemporaneous written acknowledgment within the meaning of section f 8 from the qualified charitable organization that the contribution was used or is to be used for disaster relief efforts.

Any excess qualified contributions are carried over to the next 5 years. For contributions of cash, check, or other monetary gifts regardless of the amount , the corporation must maintain a bank record, or a receipt, letter, or other written communication from the donee organization indicating the name of the organization, the date of the contribution, and the amount of the contribution.

The acknowledgment must be obtained by the due date including extensions of the corporation's return, or, if earlier, the date the return is filed. Do not attach the acknowledgment to the tax return, but keep it with the corporation's records. Closely held corporations and personal service corporations must complete Form , Noncash Charitable Contributions, and attach it to their returns.

Special rules apply to the contribution of certain property. Special rules apply to qualified conservation contributions, including contributions of certain easements on buildings located in a registered historic district.

See section h and Pub. The corporation must reduce its deduction for contributions of certain capital gain property. See sections e 1 and e 5. Inventory and other property to certain organizations for use in the care of the ill, needy, or infants see section e 3 , including qualified contributions of "apparently wholesome food" discussed below ; and.

Scientific equipment used for research to institutions of higher learning or to certain scientific research organizations other than by personal holding companies and service organizations. See section e 4. For more information on charitable contributions, including substantiation and recordkeeping requirements, see section and the related regulations and Pub.

For other special rules that apply to corporations, see Pub. Include on line 20 depreciation and the cost of certain property that the corporation elected to expense under section from Form Include amounts not claimed on Form A or elsewhere on the return. See Form and the Instructions for Form See sections and A for percentage depletion rates applicable to natural deposits. Also, see section for the limitation on the depletion deduction for iron ore and coal including lignite.

Foreign intangible drilling costs and foreign exploration and development costs must either be added to the corporation's basis for cost depletion purposes or be deducted ratably over a year period. See sections i , , and for details. Enter the deduction for contributions to qualified pension, profit-sharing, or other funded deferred compensation plans. Employers who maintain such a plan must generally file one of the forms listed below unless exempt from filing under regulations or other applicable guidance, even if the plan is not a qualified plan under the Internal Revenue Code.

The filing requirement applies even if the corporation does not claim a deduction for the current tax year. There are penalties for failure to file these forms on time and for overstating the pension plan deduction. See sections e and f. Also, see the instructions for the applicable form. File this form instead of Form generally if there were under participants at the beginning of the plan year.

File this form for a plan that only covers the owner or the owner and his or her spouse or a foreign plan that is required to file an annual return and does not file the annual return electronically on Form SF.

See the Instructions for Form EZ. Enter contributions to employee benefit programs not claimed elsewhere on the return for example, insurance or health and welfare programs that are not an incidental part of a pension, profit-sharing, etc. Attach a statement, listing by type and amount, all allowable deductions that are not deductible elsewhere on Form Enter the total on line Examples of other deductions include the following.

Certain film, television, or live theatrical productions acquired and placed in service after September 27, for which a deduction would have been allowable under section without regard to the dollar limitation , are qualified property eligible for the special depreciation allowance under section k. Certain costs of a qualified film, television, or live theatrical production commencing before January 1, after December 31, , and before January 1, , for a live theatrical production.

There is a higher allowance for production in certain areas. Certain business start-up and organizational costs discussed earlier, under Limitations on Deductions.

Reforestation costs. The corporation can elect to amortize over 84 months any amount not deducted. Ordinary losses from trade or business activities of a partnership from Schedule K-1 Form Do not offset ordinary income against ordinary losses. Instead, include the income on line If the amount is from more than one partnership, identify the amount from each partnership.

Any net negative section a adjustment, or in the case of an eligible terminated S corporation, the ratable portion of any negative section a adjustment.

Any applicable deduction under section D for costs of energy efficient commercial building property. Paid to the plan, which distributes them in cash to the plan participants or their beneficiaries no later than 90 days after the end of the plan year in which the dividends are paid;.

At the election of such participants or their beneficiaries a payable as provided under 1 or 2 above, or b paid to the plan and reinvested in qualifying employer securities; or. Amounts paid or incurred to, or at the direction of, a government or governmental entity for the violation, or investigation or inquiry into the potential violation, of a law. However, see Fines or similar penalties , later.

Lobbying expenses. However, see exceptions discussed later. Amounts paid or incurred for any settlement, payout, or attorney fees related to sexual harassment or sexual abuse, if such payments are subject to a nondisclosure agreement. See section q. Subject to limitations and restrictions discussed below, a corporation can deduct ordinary and necessary travel, meal, and non-entertainment expenses paid or incurred in its trade or business.

Generally, entertainment expenses, membership dues, and facilities used in connection with these activities cannot be deducted. In addition, no deduction is generally allowed for qualified transportation fringe benefits. Special rules apply to deductions for gifts, luxury water travel, and convention expenses. See section , Pub. The corporation cannot deduct travel expenses of any individual accompanying a corporate officer or employee, including a spouse or dependent of the officer or employee, unless:.

His or her travel is for a bona fide business purpose and would otherwise be deductible by that individual. This applies only to amounts paid or incurred after December 31, Meals not separately stated from entertainment are generally not deductible.

In addition subject to exceptions under section k 2 :. See section n 3 for a special rule that applies to expenses for meals consumed by individuals subject to the hours of service limits of the Department of Transportation. Generally, no deduction is allowed under section a 4 for QTFs provided by employers to their employees. QTFs are defined in section f 1 and include:. Transportation in a commuter highway vehicle between the employee's residence and place of employment,. The corporation can deduct amounts paid or incurred for membership dues in civic or public service organizations, professional organizations such as bar and medical associations , business leagues, trade associations, chambers of commerce, boards of trade, and real estate boards.

However, no deduction is allowed if a principal purpose of the organization is to entertain or provide entertainment facilities for members or their guests. In addition, corporations cannot deduct membership dues in any club organized for business, pleasure, recreation, or other social purpose. This includes country clubs, golf and athletic clubs, airline and hotel clubs, and clubs operated to provide meals under conditions favorable to business discussion.

Generally, the corporation cannot deduct an expense paid or incurred for a facility such as a yacht or hunting lodge used for an activity usually considered entertainment, amusement, or recreation. Generally, the corporation may be able to deduct otherwise nondeductible entertainment, amusement, or recreation expenses if the amounts are treated as compensation to the recipient and reported on Form W-2 for an employee or on Form NEC for an independent contractor.

However, if the recipient is an officer, director, beneficial owner directly or indirectly , or other "specified individual" as defined in section e 2 B and Regulations section 1. See section e 2 and Regulations sections 1. Generally, no deduction is allowed for fines or similar penalties paid or incurred to, or at the direction of, a government or governmental entity for violating any law, or for the investigation or inquiry into the potential violation of a law, except:.

Amounts paid or incurred as the result of orders or agreements in which no government or governmental entity is a party, and. No deduction is allowed unless the amounts are specifically identified in the order or agreement and the corporation establishes that the amounts were paid for that purpose.

Also, any amount paid or incurred as reimbursement to the government for the costs of any investigation or litigation are not eligible for the exceptions and are nondeductible. Generally, lobbying expenses are not deductible. These expenses include:. Amounts paid or incurred in connection with influencing federal, state, or local legislation; or. Amounts paid or incurred in connection with any communication with certain federal executive branch officials in an attempt to influence the official actions or positions of the officials.

Dues and other similar amounts paid to certain tax-exempt organizations may not be deductible. Generally, special at-risk rules under section apply to closely held corporations see Passive activity limitations , earlier engaged in any activity as a trade or business or for the production of income. These corporations may have to adjust the amount on line See below. Holding real property placed in service by the taxpayer before ;. Any qualifying business of a qualified corporation under section c 7.

However, the at-risk rules do apply to the holding of mineral property. If the at-risk rules apply, adjust the amount on this line for any section d losses.

These losses are limited to the amount for which the corporation is at risk for each separate activity at the close of the tax year. If the corporation is involved in one or more activities, any of which incurs a loss for the year, report the losses for each activity separately. Attach Form , At-Risk Limitations, showing the amount at risk and gross income and deductions for the activities with the losses. If the corporation sells or otherwise disposes of an asset or its interest either total or partial in an activity to which the at-risk rules apply, determine the net profit or loss from the activity by combining the gain or loss on the sale or disposition with the profit or loss from the activity.

If the corporation has a net loss, it may be limited because of the at-risk rules. Treat any loss from an activity not allowed for the tax year as a deduction allocable to the activity in the next tax year.

A corporation can use the NOL incurred in one tax year to reduce its taxable income in another tax year. Enter on line 29a the total NOL carryovers from other tax years, but do not enter more than the corporation's taxable income after special deductions.

Attach a statement showing the computation of the NOL deduction. Complete item 12 on Schedule K. The corporation may elect under section n to determine the amount of the NOL for a tax year and the amount of taxable income to be reduced by NOL carryovers or carrybacks to that tax year without regard to the reduction amount.

The reduction amount is equal to the amount of the section a inclusions for such tax year net of the section c deduction plus, in the case of a domestic corporation that claims a credit for deemed paid foreign taxes, the section 78 gross ups with respect to the foreign taxes deemed paid with respect to the section a inclusions. If, as a result of an election under section n , the amount of the NOL for the tax year is determined without regard to the reduction amount, the reduction amount is included in other income on line If, as a result of an election under section n , the taxable income reduced by NOL carryovers or carrybacks is reduced, the NOL deduction on line 29a is reduced by the reduction amount.

See section n and Regulations section 1. If an ownership change described in section g occurs, the amount of the taxable income of a loss corporation that may be offset by the pre-change NOL carryovers may be limited.

A loss corporation must include the information statement as provided in Regulations section 1. If the corporation makes the closing-of-the-books election, see Regulations section 1. The limitations under section do not apply to certain ownership changes after February 17, , made pursuant to a restructuring plan under the Emergency Economic Stabilization Act of See section n. For guidance in applying section to loss corporations whose instruments were acquired by Treasury under certain programs under the Emergency Economic Stabilization Act of , see Notice , I.

If a corporation acquires control of another corporation or acquires its assets in a reorganization , the amount of pre-acquisition losses that may offset recognized built-in gain may be limited see section If a corporation elects the alternative tax on qualifying shipping activities under section , no deduction is allowed for an NOL attributable to the qualifying shipping activities to the extent that the loss is carried forward from a tax year preceding the first tax year for which the alternative tax election was made.

See section b 2. The corporation's taxable income cannot be less than the largest of the following amounts. The inversion gain of the corporation for the tax year, if the corporation is an expatriated entity or a partner in an expatriated entity. See section a. The sum of the corporation's excess inclusions from its residual interest in a REMIC from Schedules Q Form , line 2c, and the corporation's taxable income determined solely with respect to its ownership and high-yield interests in FASITs.

See sections E a and J repealed. If line 30 figured without regard to the items listed above under minimum taxable income is zero or less, the corporation may have an NOL that can be carried back or forward as a deduction to other tax years.

An NOL incurred in a tax year beginning in , , or can be carried back 5 years preceding the year of the loss. For NOLs that can be carried back, the corporation can elect to waive the carryback period and instead carry the NOL forward to future tax years. See Special rules for farming loss NOLs , below. See the instructions for Schedule K, Item 11 for information on making the election to waive the entire carryback period for See the Instructions for Form for other special rules and elections.

If the corporation has an NOL from a farming loss as defined in section b 1 B ii for a tax year beginning in , , or , the corporation can elect to disregard the amendments made by the CARES Act, section a and b.

To take a deduction for amounts contributed to a capital construction fund CCF , reduce the amount that would otherwise be entered on line 30 by the amount of the deduction. On the dotted line next to the entry space, enter "CCF" and the amount of the deduction. For more information, see section Generally, the corporation does not have to file Form because the IRS can figure the penalty amount, if any, and bill the corporation.

However, even if the corporation does not owe the penalty, it must complete and attach Form if:. The corporation is a large corporation as defined in the Instructions for Form computing its first required installment based on the prior year's tax. If Form is attached, check the box on line 34, and enter any penalty on this line.

If the corporation cannot pay the full amount of tax owed, it can apply for an installment agreement online. The corporation can apply for an installment agreement online if:. Under an installment agreement, the corporation can pay what it owes in monthly installments. There are certain conditions that must be met to enter into and maintain an installment agreement, such as paying the liability within 24 months and making all required deposits and timely filing tax returns during the length of the agreement.

If the installment agreement is accepted, the corporation will be charged a fee and it will be subject to penalties and interest on the amount of tax not paid by the due date of the return. Enter the amount of any overpayment that should be refunded or applied to next year's estimated tax. This election to apply some or all of the overpayment amount to the corporation's estimated tax cannot be changed at a later date. If the corporation wants its refund directly deposited into its checking or savings account at any U.

Preferred stock described in section a 4 is not taken into account. Corporations filing a consolidated return should see Regulations sections 1. Corporations filing a consolidated return must not report as dividends on Schedule C any amounts received from corporations within the consolidated group. Such dividends are eliminated in consolidation rather than offset by the dividends-received deduction. Enter dividends except those received on certain debt-financed stock acquired after July 18, —see section A that are:.

Dividends except those received on certain debt-financed stock acquired after July 18, from a regulated investment company RIC. The amount of dividends eligible for the dividends-received deduction under section is limited by section b.

The corporation should receive a notice from the RIC specifying the amount of dividends that qualify for the deduction. Report so-called dividends or earnings received from mutual savings banks, etc. Do not treat them as dividends. Dividends received on certain debt-financed stock acquired after July 18, , from domestic and foreign corporations subject to income tax that would otherwise be subject to the dividends-received deduction under section a 1 , c , or a.

Generally, debt-financed stock is stock that the corporation acquired by incurring a debt for example, it borrowed money to buy the stock. Dividends received from a RIC on debt-financed stock. The amount of dividends eligible for the dividends-received deduction is limited by section b. See section A. Also, see section a before making this computation for an additional limitation that applies to certain dividends received from foreign corporations. Attach a statement to Form showing how the amount on line 3, column c , was figured.

A, section a 41 A , Dec. Are attributable to income treated as effectively connected with the conduct of a trade or business within the United States excluding foreign trade income , and. In general, the deduction under section b applies to dividends paid out of the earnings and profits of a foreign corporation for a tax year during which:.

All of its outstanding stock is directly or indirectly owned by the domestic corporation receiving the dividends, and. All of its gross income from all sources is effectively connected with the conduct of a trade or business within the United States.

Generally, line 9, column c , cannot exceed the amount from the Worksheet for Schedule C, line 9. However, in a year in which an NOL occurs, this limitation does not apply even if the loss is created by the dividends-received deduction. See sections d and b. Small business investment companies operating under the Small Business Investment Act of must enter dividends that are received from domestic corporations subject to income tax even though a deduction is allowed for the entire amount of those dividends.

Corporations taking this deduction are subject to the provisions of section Include on line 14 the foreign-source portion of any dividend that does not qualify for the section A deduction for example, hybrid dividends within the meaning of section A e , ineligible amounts of dividends within the meaning of Regulations section 1.

Also, include on line 14 the corporation's share of distributions from a section fund from Form , to the extent that the amounts are taxed as dividends under section Attach a statement identifying the amount of each dividend reported on Line 14 and the provision pursuant to which a deduction is not allowed with respect to such dividend.

Enter the section a inclusion amount from Form , line 3. Complete and attach Form and any applicable schedules. Also, complete and attach Form B.

Enter the foreign-source portion of any subpart F inclusions attributable to the sale or exchange by a controlled foreign corporation CFC of stock in another foreign corporation described in section e 4. This should equal the U. Do not include on line 16a any portion of such subpart F inclusion that is not eligible for the section A deduction pursuant to Regulation section 1.

Include such amounts on Line 16c. Enter the total subpart F inclusions attributable to tiered hybrid dividends. This should equal the sum of the amounts reported by the U.

Enter all other amounts included in income under section Enter amounts included in income under section A. Also, if applicable, attach Form s Consider the applicability of section A with respect to CFCs owned by domestic partnerships in which the corporation has an interest.

Include gross-up for taxes deemed paid under sections for dividends paid in pre tax years of foreign corporations and Dividends other than capital gain distributions received from a REIT that, for the tax year of the trust in which the dividends are paid, qualifies under sections through Dividends received on any share of stock held for less than 46 days during the day period beginning 45 days before the ex-dividend date.

When counting the number of days the corporation held the stock, you cannot count certain days during which the corporation's risk of loss was diminished.

See section c 4 and Regulations section 1. Dividends received on any share of preferred stock which are attributable to periods totaling more than days if such stock was held for less than 91 days during the day period that began 90 days before the ex-dividend date. Preferred dividends attributable to periods totaling less than days are subject to the day holding period rule discussed above.

Dividends on any share of stock to the extent the corporation is under an obligation including a short sale to make related payments with respect to positions in substantially similar or related property. If patronage dividends or per-unit retain allocations are included on line 20, identify the total of these amounts in a statement attached to Form Section as affected by P.

In a year in which an NOL occurs, compute the deduction without regard to section a 1 B. This should equal the sum of the amounts on Form , Part IV, lines 8 and 9. If the corporation is a member of a controlled group, check the box on line 1. Component members of a controlled group must use Schedule O to report the apportionment of certain tax benefits between the members of the group.

The tax under section consists of the sum of a a partial tax computed on Form on the taxable income of the bank, determined without regard to income or deductions allocable to the life insurance department, and b a partial tax on the taxable income computed on Form L of the life insurance department.

Enter the combined tax on line 2. Attach Form L as a schedule and identify it as such , together with the annual statements and schedules required to be filed with Form L. If an insurance company files its income tax return electronically, it should not include the annual statements and schedules required to be filed with Form L.

However, such statements must be available at all times for inspection by the IRS and retained for so long as such statements may be material in the administration of any Internal Revenue law.

If the corporation was a shareholder in a PFIC and received an excess distribution or disposed of its investment in the PFIC during the year, it must include the increase in taxes due under section c 2 from Form in the total for line 2. On the dotted line next to line 2, enter "Section " and the amount. Do not include on line 2 any interest due under section c 3. Instead, include the amount of interest owed on Schedule J, Part I, line 9f. For more information on reporting the deferred tax and interest, see the Instructions for Form Increase in tax attributable to partner's audit liability under section If the corporation is filing Form to report adjustments shown on Form they received from partnerships that have been audited and have elected to push out imputed underpayments to their partners, include any increase in taxes due from Form , line 14, in the total for Form , Schedule J, line 2.

Attach Form If Form , line 14, shows a decrease in tax, see the instructions for Schedule J, line 6. A corporation that elects to recognize gain and pay tax on the sale of a section intangible under the related person exception to the anti-churning rules should include any additional tax due in the total for line 2. See section f 9 B ii. Enter on line 3 the base erosion minimum tax amount from Form , Part IV, line 5e. See section 59A and the Instructions for Form Also, see Schedule K, Question 22, later.

To find out when a corporation can take the credit for payment of income tax to a foreign country or U. Enter any qualified electric vehicle passive activity credits from prior years allowed for the current tax year from Form , Qualified Electric Vehicle Credit, line 7. Enter on line 5c the allowable credit from Form , Part II, line The corporation is required to file Form , General Business Credit, to claim any of the business credits.

See the Instructions for Form for exceptions. For a list of allowable credits, see Form Also, see the applicable credit form and its instructions. Complete and attach Form Decrease attributable to partner's audit liability under section If the corporation is filing Form to report adjustments shown on Form they received from partnerships that have been audited and have elected to push out imputed underpayments to their partners, include any decrease in taxes due negative amount from Form , line 14, in the total for Form , Schedule J, line 6.

If Form , line 14, shows an increase in tax, see the instructions for Schedule J, line 2. See Schedule PH Form for definitions and details on how to figure the tax. If the corporation disposed of investment credit property or changed its use before the end of its useful life or recovery period, or is required to recapture a qualifying therapeutic discovery project grant, enter the increase in tax from Form , Recapture of Investment Credit.

If the corporation disposed of property or there was a reduction in the qualified basis of the property for which Rockler Bed Rail Brackets Ltd it took the low-income housing credit, and the corporation did not follow the procedures that would have prevented recapture of the credit, it may owe a tax. Line 9c. Interest due under the look-back method—completed long-term contracts. If the corporation used the percentage-of-completion method under section b for certain long-term contracts, figure any interest due or to be refunded using the look-back method, described in section b 2.

Use Form to figure any interest due or to be refunded. Include any interest due on line 9c. Line 9d. Interest due under the look-back method—income forecast method. If the corporation used the income forecast method to depreciate property, it must figure any interest due or to be refunded using the look-back method, described in section g 2. Include any interest due on line 9d.

Enter any alternative tax on qualifying shipping activities from Form Line 9f. Include any interest on deferred tax attributable to certain nondealer installment obligations section A c and dealer installment obligations section l. Include on line 9g additional taxes and interest such as the following. Attach a statement showing the computation of each item included in the total for line 9g and identify the applicable Code section and the type of tax or interest.

Recapture of Indian employment credit. Generally, if an employer terminates the employment of a qualified employee less than 1 year after the date of initial employment, any Indian employment credit allowed for a prior tax year because of wages paid or incurred to that employee must be recaptured. For details, see Form and section 45A. Recapture of employer-provided childcare facilities and services credit see Form Tax and interest on a nonqualified withdrawal from a capital construction fund section g.

Interest due under section c 3. Include any deferred tax on the termination of a section election applicable to shareholders in a qualified electing fund in the amount entered on line Subtract the following amounts from the total for line Deferred tax on the corporation's share of undistributed earnings of a qualified electing fund. Deferred LIFO recapture tax section d. To figure the deferred tax, first figure the total LIFO recapture tax.

Follow the steps below to figure the total LIFO recapture tax and the deferred amount. Also, see Line Other Income , earlier. Step 1. Figure the tax on the corporation's income including the LIFO recapture amount. Complete Schedule J, Part I, lines 1 through Step 2. Using a separate worksheet, complete Schedule J again, but do not include the LIFO recapture amount in the corporation's taxable income.

Step 3. Compare the tax in Step 2 to the tax in Step 1. The difference between the two is the LIFO recapture tax. Step 4. The result is the deferred LIFO recapture tax. Attach a statement showing the computation of each item included in, or subtracted from, the total for line On the dotted line next to line 11, specify a the applicable Code section, b the type of tax, and c enter the amount of tax.

Complete and attach Form B. Also, enter this amount on page 1, line If the corporation is the beneficiary of a trust, and the trust makes a section g election to credit its estimated tax payments to its beneficiaries, include the corporation's share of the payment in the total for line Enter "T" and the amount on the dotted line next to the entry space. If the corporation overpaid estimated tax, it may be able to get a quick refund by filing Form Form must be filed before the corporation files its tax return.

If the corporation had federal income Bed Rail Brackets Near Me La tax withheld from any payments it received because, for example, it failed to give the payer its correct EIN or was otherwise subjected to back-up withholding, include the amount withheld in the total for line Enter any credit from Form , Notice to Shareholder of Undistributed Long-Term Capital Gains, for the corporation's share of the tax paid by a regulated investment company RIC or a real estate investment trust REIT on undistributed long-term capital gains included in the corporation's income.

Include on line 20d any other refundable credit the corporation is claiming, including the following. Attach a statement listing the type of credit and the amount of the credit.

Attach the applicable form. Credit for tax on ozone-depleting chemicals. See section g 2. Credit under section c section b for pre taxable years of foreign corporations. Orange County. Portland Maine. Salt Lake City. San Diego. San Francisco. San Luis Obispo. Santa Barbara.

St Louis. Professional Category. Search Professional Category. Design-Build Firms. General Contractors. Home Builders. Landscape Contractors.

Carpet Dealers. Door Dealers. Flooring Contractors. Window Contractors. Home Stagers. Window Treatments. Real Estate Agents. Custom Artists. Garage Door Repair. Garage Door Sales. Building Supplies. Specialty Contractors. Wine Cellars. Backyard Courts. Fence Contractors. Tree Services.

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