Computation of tax. The tax im- posed on the income of an S corpora- tion by section 1374(a) for any taxable year during the recognition period is computed as follows—
Computation of tax. If an article subject to tax at the rate of 10 percent is sold for $100 and an additional item of $10 is billed as tax, $100 is the tax- able selling price and $10 is the amount of tax due thereon. However, if the ar- ticle is sold for $100 with no separate billing or indication of the amount of the tax, it will be presumed that the tax is included in the $100, and a com- putation will be necessary to deter- mine what portion of the total amount represents the sale price of the article and what portion represents the tax. The computation is as follows: sale price includ- = Taxable ing tax sale price 100 + rate of tax Thus, if the tax rate is 10 percent and the sale price including tax is $100, the taxable sale price is $90.91 (that is, $100 divided by (100+10)), and the tax is 10 percent of $90.91, or $9.09.
(b) Transportation, delivery, insurance, or installation charges—(1) Charges in- curred pursuant to sale. Charges for transportation, delivery, insurance, in- stallation, and other expenses actually incurred in connection with the deliv- ery of an article to a purchaser pursu- ant to a bona fide sale shall be ex- cluded from the sale price in com- puting the tax. Such charges include all items of transportation, delivery, insurance, installation, and similar ex- pense incurred after shipment to a cus- tomer begins, in response to the cus- tomer’s order, pursuant to a bona fide sale. However, costs of such nature in- curred by a manufacturer, producer, or importer in transporting, in the nor- mal course of business and for its ben- efit and convenience, articles from a factory or port of entry to a warehouse or other facility (regardless of the loca- tion of such warehouse or facility) are not considered as being incurred in connection with the delivery of an arti- cle to a purchaser pursuant to a bona fide sale, and charges therefor cannot be excluded from the sale price in com- puting tax liability. Similarly, an xx- xxxxxxx granted by a manufacturer as reimbursement for expenses incurred by the purchaser in shipping used arti- cles to the manufacturer for credit against the purchase price of taxable articles shall not be excluded from the sale price when computing tax due on the sale of the taxable articles. In any event, no charge may be excluded from the sale price unless the conditions set forth in paragraph (b)(2) of this section are complied with. Said conditions are prescribed under the authority granted the Secretary in section 4216(a) of the ...
Computation of tax. (a) Except to the extent of a detriment (e.g. AMT) or benefit (e.g. tax credits) not imposed or available on a consolidated/combined basis, SSCGP will compute what its federal and state/local current tax liability would be if it were filing its own returns, taking into account its own taxable income, credits, carryforwards, carrybacks and adjustments.
(b) In computing its current state/local tax liability, SSCGP will use its own apportionment factors.
(c) The tax liability of SSCGP will be computed at the highest corporate tax rate.
Computation of tax. 1. Recordation of Tax 1.1% of Line 2 or Line 3, Part J
1. Transfer Tax 1.1% of Line 2 or Line 3, Part J
1. Recordation Tax 1.1% of Line 1 (Construction Loan)
2. Recordation of Tax 1.45% of Line 2 or Line 3, Part J
2. Transfer Tax 1.45% of Line 2 or Line 3, Part J
2. Recordation Tax 1.45% of Line 1 (Commercial Construction Loan)
3. Total of Lines 1 or 2 I/We hereby swear or affirm under penalty of perjury that this return, including any accompanying schedules/ Documents/and statements, has been examined by me/us and to the best of my/our knowledge and belief, the statements and representations are correct and true. I/We hereby acknowledge that any false statement or misrepresentations I/We made on this return is punishable by criminal penalties under the laws of the District of Columbia. Typed Name Typed Name Signature Signature Typed Name Typed Name Signature Signature Typed Name Typed Name Signature Signature Typed Name Typed Name Signature Signature Date Date Subscribed to and sworn to before me by Subscribed to and sworn to before me by Notary Public Notary Public My Commission Expires: My Commission Expires: mm/dd/yyyy mm/dd/yyyy Xxx Xxxxx Xxx Xxxxxx $ $ $ $ $ $ $ and Revenue Recorder of Deeds 000 X Xxxxxx, XX SAMPLE Government of the District of Columbia Office of Tax and Revenue Real Property Tax Administration 000 Xxxxx Xxxxxxx Xxxxxx, XX Xxxxxxxxxx, XX 00000 Owner(s): Xxx Xxxxx Application Reconfirmation
