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Business Name EIN/FID Number:
Schedule X RECONCILIATION WITH FEDERAL INCOME TAX RETURN PER DUBLIN TAX ORDINANCE 38
1. Income per attached Federal return (Form 1120, Line 28; Form 1120S, Schedule K, Line 18; or Form 1065, “Analysis of Net
1
Income (Loss)”, Line 1; Form 1041, Line 23; Form 990 T, Line 11, 1120 REIT, Line 20 ..............................................................
2. A. Items not deductible (from Line 4J below) ................................................................................ 2A
B. Items not taxable (from Line 5F below) .................................................................................... 2B
C. Enter excess of Line 2A or 2B ................................................................................................................................................ 2C
D. Partnership K-1 Income (or Loss) (deduct partnership gain, add partnership loss. See DBR-38 Schedule E, Column 4).................... 2D
E. Suspended §179 expense/suspended charitable contributions allowed in this tax year (attach schedule) ....................... 2E
F. Other City taxable income not shown on Federal return ..................................................................................................... 2F
G. Net operating loss per Dublin City Code Section 38.03(V). (Schedule must be attached to the City return) ..................... 2G
3. Adjusted net income (Line 1 plus or minus Lines 2C, 2D, 2E, 2F and 2G). Enter in Part A or Schedule Y (figures entered in 3
Part A cannot be less than zero) ...................................................................................................................................................
ITEMS NOT DEDUCTIBLE
4. A. Capital losses and IRS §1231 losses deducted ........................................................................ 4A
B. Amount equal to 5% of intangible income not attributable to sale, exchange or other
disposition of IRS §1221 property (5% of Lines 5B, 5C, and 5D) ................................................ 4B
C. Taxes based on income ............................................................................................................. 4C
D. Guaranteed payment to partners (not included within net profits) .............................................. 4D
E. Charitable contributions deducted above corporate limitations Dublin Tax Ordinance §38.03 .......... 4E
F. IRS §179 expense deducted above corporate limitations …………………………......................... 4F
G Qualified retirement, health insurance and life insurance plans on behalf of owners/ 4G
owner employees of non C-Corporation businesses ...................................................................
H. Add any deduction for pass-through entity not allowed as a deduction for a C-Corporation 4H
under the Internal Revenue Code (see instructions) Dublin Tax Ordinance §38.03 ................... 4I
I. Other expenses not deductible (attach documentation or explanation) ......................................
J. TOTAL ADDITIONS (enter here and on Line 2A above) ......................................................................................................... 4J
ITEMS NOT TAXABLE 5A
5. A. Capital/IRS 1231 gains,§ etc. (do not deduct Section 1245 and 1250 gains) ..............................
5B
B. Interest earned or accrued .........................................................................................................
5C
C. Dividends ....................................................................................................................................
5D
D. Income from patents, trademarks, copyrights and royalties from intangible sources ..................
5E
E. Other exempt income (attach documentation or explanation) ....................................................
5F
F. TOTAL DEDUCTIONS ..............................................................................................................................................................
Schedule Y REQUIRED CALCULATION OF NET PROFIT FOR MULTI-CITY ALLOCATION
1. Average original cost of all real and tangible personal property owned or used by the taxpayer in the business or
profession wherever situated except leased or rented real property............................................................................................ 1
2. Annual rental on rented and leased real property used by the taxpayer wherever situated multiplied by 8.................................. 2
3. Combine Lines 1 and 2.................................................................................................................................................................... 3
4. All gross receipts from sales made or services performed wherever made or performed............................................................. 4
5. All wages, salaries and other compensation paid to employees wherever their services are performed except compensation
exempt from municipal taxation under Dublin Tax Ordinance §38.03 (K)(17)……………………………………………………............ 5
Column A Column B Column C Column D Column E
City Property Gross Receipts Wages Average % Allocated Net Profits
Dublin a $ $ $
% $
b % % %
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