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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)

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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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