2020                                                           City of Saginaw                                                                          S-1120 
                                                     Corporation Income Tax Return 

For the Calendar Year 2020 or other taxable period beginning ________________, 2020, ending _________________, 20_____ 
                                                        IDENTIFICATION AND INFORMATION 
Name                                                                                     Federal Employer Identification Number: 

                                                                                         Date  Incorporated:                      
Address                                                                                  Where Incorporated: 
                                                                                         Initial return           D                         Final return     Check if Applicable 
                                                                                         Main Address in Saginaw:                                        □ 
City                                  State                 Zip Code                     Contact Person regarding this return: 

                                                                                         Contact Telephone Number: 
                                                  TAXABLE INCOME AND TAX COMPUTATION
  1.  Taxable income before net operating loss deduction and special deduction per U. S. Corporation Income Tax Return
      Form 1120, 1120-A or for Subchapter S taxable income per S-1120 page 2 Schedule F. (Attach Federal Return pages 1-5)                                 $
  2.  Enter items not deductible under Saginaw Income Tax Ordinance (from Page 2, Schedule E, Column 1)
 3.  Total (Line 1 + Line 2)
  4.  Enter items not taxable under Saginaw Income Tax Ordinance (from Page 2, Schedule E, Column 2)
 5.  Total Income (Line 3 - Line 4)
 6.  Enter amount of gain or loss applicable to period not subject to tax (See instructions)
 7.  Total Income (Line 5 + Line 6)
  8.  Allocation percentage from page 2, schedule D, Line 5.  If all business was conducted in Saginaw-enter 100%.
 9.  Total (Line 7 x Line 8) 
10.  Less:   Applicable portion of NOL - See instructions 
11. Total Taxable Income 
12.  Renaissance Credit (Attach Certificate) - See Instructions                                                                                            (                  ) 
13.  Total Income Subject to Tax (Line 11 - Line 12) 
14.  TAX  (Multiply Line 13 x 1.50%)                                                                                                                       $ 
                                                                 PAYMENTS AND CREDITS 
15. a.  2020 estimated payments and tax extensions
      b. Credits forward from prior year refund
      c. Total Payments and Credits (15a+15b)                                                                                                              $ 
                                                                     TAX DUE OR REFUND 
Overpayment           16.  If your payments (Line 15c) are larger than your tax (Line 14), enter Overpayment                                               $ 
Credit Forward        17.  Amount  to be credited to 2021 Estimated Tax (if amended - see instructions) 
Donation              18.  Amount to be donated to Saginaw Fireworks. 
Refund                19.  Amount to be refunded. (For Direct Deposit mark Refund on line 20)                                                              $ 
Electronic            20. Mark One: 
Refund Or                        D Refund-Direct Deposit             CJ Pay Tax Due - Electronic Funds Withdrawal 
Payment               a.  Routing Number:                                                                                                 I              I 
                      b.  Account number:                   I                                                                                            I 
                      c. Type of account:    Checking         D                              Savings              D 

Tax Due               21. If your tax (Line 14) is larger than your payments (Line 15c), enter Balance Due
                            Make check payable to: Treasurer, City of Saginaw                                                                              $ 
A. Number of locations included in this return.                             Number of locations  everywhere.                                               For Audit Use Only 
B. Is this a consolidated return?                               If yes, list names and addresses of included corporations  
                                    in an attachment statement  showing % of voting stock owned in each corporation. 
C. If your Federal tax liability for prior periods was changed as a result of a review by the Federal Government, 
    attach rider with an explanation of the audit adjustments which resulted in the change of your tax liability. 
22.   May the Income Tax Department discuss this return with the tax preparer shown below?              I                                   I Yes        I No 
  I declare that I have examined this return     (including accompanying schedules and statements) and to         the best of my 
knowledge and belief it is true, correct and complete. 

      (Date)                        (Signature of Officer)                                                        (Title)                                  (Phone number) 

      (Date)                        (Individual or Firm signature of preparer)                                    (Address)                                (Phone number) 

                                                                               Page 1 

                                                                         2020 S-1120 Cont. 
Name as shown on S-1120, page 1                                                       Federal Employer  Identification Number 

                                             SCHEDULE  D  -   BUSINESS  ALLOCATION  FORMULA 
                                                                                             Column 1              Column 2              Column 3 
                                                                                             Located Everywhere    Located in Saginaw    Percentage 
1.  a.  Average net book value of  real and tangible personal property                        $                   $                      (Column 2 divided 
     b.  Gross annual rent paid for real property only,  multiplied by 8                                                                by column 1)
     c.   Totals   (Add lines 1a and 1b)                                                                                                             %
2.  Total wages, salaries, commissions and other compensation of all employees                                                                       %
3.  Gross receipts from sales made or services rendered                                                                                              %
4.  Total percentages  (Add the three percentages computed  from column 3, lines 1c, 2 and 3)                                                        %
5.  Business allocation percentage  ( One-third of line 4)  Enter here and on page 1, line 8                                                         % 

        In determining the business allocation percentage (Line 5), a factor shall be excluded from the computation 
        only when such factor  does not exist anywhere insofar as the taxpayer's business operation is concerned. 
        In such  cases, the sum of the remaining percentages shall be divided by the number of factors actually used. 

In the case of a taxpayer authorized by the Income Tax Administrator to use one of the special formulae,  
attach an explanation and use the lines provided below:
         a.  Numerator                                  c.  Percentage (a divided by b)  Enter here and on page 1,  line 8
         b.  Denominator                                d.  Date of Administrator's approval letter 

                                            SCHEDULE  E  -  ADJUSTMENTS PRIOR TO  ALLOCATION 
Schedule E is used to adjust the income reported on page 1, line 1, to give effect to the requirements of the Saginaw Income Tax  Ordinance.   
The period of time used to compute items for Schedule E must be the same as the period of time used to report income on page 1, line 1. 
Schedule E entries are allowed only to the extent directly related to net income as shown on page 1, line 1. 
Period:     From                               To 

                 Column 1                                                                                           Column 2 
        Add  -  Items Not Deductible                                                         Deduct   -  Items Not Taxable and Allowable Deductions 
1.  All expenses (including interest) incurred in                                 5.  Interest from U.S.  obligations and from United 
     connection with derivation of income not subject                                  States governmental units                       $
     to Saginaw income tax                                $                       6.  Dividends received deduction                     $ 
2.  Saginaw  income tax paid or accrued                   $                       7.  Foreign tax deduction                            $ 
3.  Other (submit schedule)                               $                       8.  Job Credit                                       $ 
                                                                                  9.  Other (submit schedule)                          $ 

4.  Total  additions (Add lines 1 through 3)                                      10.  Total deductions (Add lines 5 through 9) 
Enter here and on page 1, line 2                          $                       Enter here and on page 1, line 4                     $ 

                                            SCHEDULE  F  -  SUBCHAPTER S CORPORATION INCOME 
Schedule F is used by Subchapter  S corporations to reconcile the amount reported on line 1, page 1, S-1120, with federal  
Form 1120S and Schedule K of federal  1120S.   Attach  federal Form 1120S and Schedule K of federal 1120S. 
1.  Ordinary income (loss) from trade or business (per federal 1120S)                                                                 $ 
2.  Income (loss) per Schedule K, federal 1120S, lines 2 through 10                                                                   $ 
3.  Total income (loss) (Add lines 1 and 2)                                                                                           $ 
4.  Deductions  per Schedule K, federal 1120S                                                                                         $ 
5.  Taxable income before NOL deduction and special deductions (Subtract line 4 from line 3)  Enter on page 1, line 1, S-1120         $ 

                                             SCHEDULE  G  -  ADJUSTMENTS AFTER ALLOCATION 
1.  Allocated net operating loss deduction (Enter  as a negative amount)                                                              $ 
2.  Allocated capital loss carryover (Enter as a negative amount)                                                                     $ 
3.  Allocated partnership income (Enter income as a positive and losses as a negative)                                                $ 
4.  Total adjustments (Add lines 1 through 3)  Enter here and on page 1, line 10, S-1120                                              $ 

                                         MAIL TO: City of Saginaw-Income Tax, 1315 S. Washington, Saginaw, MI 48601 

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