1120
OMB No. 1545-0123
U.S. Corporation Income Tax Return
Form
Department of the Treasury For calendar year 1995 or tax year beginning , 1995, ending , 19
Internal Revenue Service Instructions are separate. See page 1 for Paperwork Reduction Act Notice.
A Check if a: Name B Employer identification number
1 Consolidated return Use
(attach Form 851) IRS
2 Personal holding co. label. Number, street, and room or suite no. (If a P.O. box, see page 6 of instructions.) C Date incorporated
(attach Sch. PH) Other-
3 Personal service corp. wise,
(as defined in Temporary print or City or town, state, and ZIP code D Total assets (see page 6 of instructions)
Regs. sec. 1.441-4T— type.
see instructions)
E Check applicable boxes: (1) Initial return (2) Final return (3) Change of address $
1a Gross receipts or sales b Less returns and allowances c Bal 1c
2 Cost of goods sold (Schedule A, line 8) 2
3 Gross profit. Subtract line 2 from line 1c 3
4 Dividends (Schedule C, line 19) 4
Income
5 Interest 5
6 Gross rents 6
7 Gross royalties 7
8 Capital gain net income (attach Schedule D (Form 1120)) 8
9 Net gain or (loss) from Form 4797, Part II, line 20 (attach Form 4797) 9
10 Other income (see page 7 of instructions—attach schedule) 10
11 Total income. Add lines 3 through 10 11
12
Deductions (See instructions for limitations on deductions.)
12 Compensation of officers (Schedule E, line 4)
13 Salaries and wages (less employment credits) 13
14 Repairs and maintenance 14
15 Bad debts 15
16 Rents 16
17 Taxes and licenses 17
18 Interest 18
19 Charitable contributions (see page 9 of instructions for 10% limitation) 19
20 Depreciation (attach Form 4562) 20
21 Less depreciation claimed on Schedule A and elsewhere on return 21a 21b
22 Depletion 22
23 Advertising 23
24 Pension, profit-sharing, etc., plans 24
25 Employee benefit programs 25
26 Other deductions (attach schedule) 26
27 Total deductions. Add lines 12 through 26 27
28 Taxable income before net operating loss deduction and special deductions. Subtract line 27 from line 11 28
29 Less: a Net operating loss deduction (see page 11 of instructions) 29a
b Special deductions (Schedule C, line 20) 29b 29c
30 Taxable income. Subtract line 29c from line 28 30
31 Total tax (Schedule J, line 10) 31
32 Payments: a 1994 overpayment credited to 1995 32a
Tax and Payments
b 1995 estimated tax payments 32b
c Less 1995 refund applied for on Form 4466 32c ( )
d Bal 32d
e Tax deposited with Form 7004 32e
f Credit from regulated investment companies (attach Form 2439) 32f
g Credit for Federal tax on fuels (attach Form 4136). See instructions 32g 32h
33 Estimated tax penalty (see page 12 of instructions). Check if Form 2220 is attached 33
34 Tax due. If line 32h is smaller than the total of lines 31 and 33, enter amount owed 34
35 Overpayment. If line 32h is larger than the total of lines 31 and 33, enter amount overpaid 35
36 Enter amount of line 35 you want: Credited to 1996 estimated tax Refunded 36
Under penalties of perjury, 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. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Sign
Here
Signature of officer Date Title
Preparer’s Date Preparer’s social security number
Check if
Paid signature self-employed
Preparer’s Firm’s name (or EIN
Use Only yours if self-employed)
and address ZIP code
Cat. No. 11450Q
Form 1120 (1995) Page 2
Schedule A Cost of Goods Sold (See page 12 of instructions.)
1 Inventory at beginning of year 1
2 Purchases 2
3 Cost of labor 3
4 Additional section 263A costs (attach schedule) 4
5 Other costs (attach schedule) 5
6 Total. Add lines 1 through 5 6
7 Inventory at end of year 7
8 Cost of goods sold. Subtract line 7 from line 6. Enter here and on page 1, line 2 8
9a Check all methods used for valuing closing inventory:
(i) Cost as described in Regulations section 1.471-3
(ii) Lower of cost or market as described in Regulations section 1.471-4
(iii) Other (Specify method used and attach explanation.)
b Check if there was a writedown of subnormal goods as described in Regulations section 1.471-2(c)
c Check if the LIFO inventory method was adopted this tax year for any goods (if checked, attach Form 970)
d If the LIFO inventory method was used for this tax year, enter percentage (or amounts) of closing
inventory computed under LIFO 9d
e Do the rules of section 263A (for property produced or acquired for resale) apply to the corporation? Yes No
f Was there any change in determining quantities, cost, or valuations between opening and closing inventory? If “Yes,”
attach explanation Yes No
Dividends and Special Deductions (See page 13 of (a) Dividends (c) Special deductions
Schedule C received
(b) %
(a) (b)
instructions.)
1 Dividends from less-than-20%-owned domestic corporations that are subject to the
70% deduction (other than debt-financed stock) 70
2 Dividends from 20%-or-more-owned domestic corporations that are subject to the
80% deduction (other than debt-financed stock) 80
see
3 Dividends on debt-financed stock of domestic and foreign corporations (section 246A) instructions
4 Dividends on certain preferred stock of less-than-20%-owned public utilities 42
5 Dividends on certain preferred stock of 20%-or-more-owned public utilities 48
6 Dividends from less-than-20%-owned foreign corporations and certain FSCs that are
subject to the 70% deduction 70
7 Dividends from 20%-or-more-owned foreign corporations and certain FSCs that are
subject to the 80% deduction 80
8 Dividends from wholly owned foreign subsidiaries subject to the 100% deduction (section 245(b)) 100
9 Total. Add lines 1 through 8. See page 13 of instructions for limitation
10 Dividends from domestic corporations received by a small business investment
company operating under the Small Business Investment Act of 1958 100
11 Dividends from certain FSCs that are subject to the 100% deduction (section 245(c)(1)) 100
12 Dividends from affiliated group members subject to the 100% deduction (section 243(a)(3)) 100
13 Other dividends from foreign corporations not included on lines 3, 6, 7, 8, or 11
14 Income from controlled foreign corporations under subpart F (attach Form(s) 5471)
15 Foreign dividend gross-up (section 78)
16 IC-DISC and former DISC dividends not included on lines 1, 2, or 3 (section 246(d))
17 Other dividends
18 Deduction for dividends paid on certain preferred stock of public utilities
19 Total dividends. Add lines 1 through 17. Enter here and on line 4, page 1
20 Total special deductions. Add lines 9, 10, 11, 12, and 18. Enter here and on line 29b, page 1
Schedule E Compensation of Officers (See instructions for line 12, page 1.)
Complete Schedule E only if total receipts (line 1a plus lines 4 through 10 on page 1, Form 1120) are $500,000 or more.
(c) Percent of Percent of corporation
stock owned
(a) Name of officer (b) Social security number time devoted to (f) Amount of compensation
business (d) Common (e) Preferred
1 % % %
% % %
% % %
% % %
% % %
2 Total compensation of officers
3 Compensation of officers claimed on Schedule A and elsewhere on return
4 Subtract line 3 from line 2. Enter the result here and on line 12, page 1
Form 1120 (1995) Page 3
Schedule J Tax Computation (See page 14 of instructions.)
1 Check if the corporation is a member of a controlled group (see sections 1561 and 1563)
Important: Members of a controlled group, see instructions on page 14.
2a If the box on line 1 is checked, enter the corporation’s share of the $50,000, $25,000, and $9,925,000 taxable
income brackets (in that order):
(1) $ (2) $ (3) $
b Enter the corporation’s share of:
(1) Additional 5% tax (not more than $11,750) $
(2) Additional 3% tax (not more than $100,000) $
3 Income tax. Check this box if the corporation is a qualified personal service corporation as defined in section
448(d)(2) (see instructions on page 15) 3
4a Foreign tax credit (attach Form 1118) 4a
b Possessions tax credit (attach Form 5735) 4b
c Check: Nonconventional source fuel credit QEV credit (attach Form 8834) 4c
d General business credit. Enter here and check which forms are attached:
3800 3468 5884 6478 6765 8586 8830
8826 8835 8844 8845 8846 8847 4d
e Credit for prior year minimum tax (attach Form 8827) 4e
5 Total credits. Add lines 4a through 4e 5
6 Subtract line 5 from line 3 6
7 Personal holding company tax (attach Schedule PH (Form 1120)) 7
8 Recapture taxes. Check if from: Form 4255 Form 8611 8
9a Alternative minimum tax (attach Form 4626) 9a
b Environmental tax (attach Form 4626) 9b
10 Total tax. Add lines 6 through 9b. Enter here and on line 31, page 1 10
Schedule K Other Information (See page 17 of instructions.)
Yes No Yes No
1 Check method of accounting: a Cash 7 Was the corporation a U.S. shareholder of any controlled
b Accrual c Other (specify) foreign corporation? (See sections 951 and 957.)
2 See page 19 of the instructions and state the principal: If “Yes,” attach Form 5471 for each such corporation.
a Business activity code no. Enter number of Forms 5471 attached
b Business activity 8 At any time during the 1995 calendar year, did the corporation
c Product or service have an interest in or a signature or other authority over a
3 Did the corporation at the end of the tax year own, directly financial account in a foreign country (such as a bank
or indirectly, 50% or more of the voting stock of a account, securities account, or other financial account)?
domestic corporation? (For rules of attribution, see If “Yes,” the corporation may have to file Form TD F 90-22.1.
section 267(c).) If “Yes,” enter name of foreign country
9 Was the corporation the grantor of, or transferor to, a foreign
If “Yes,” attach a schedule showing: (a) name and identifying
trust that existed during the current tax year, whether or not
number, (b) percentage owned, and (c) taxable income or the corporation has any beneficial interest in it? If “Yes,” the
(loss) before NOL and special deductions of such corporation corporation may have to file Forms 926, 3520, or 3520-A
for the tax year ending with or within your tax year.
10 Did one foreign person at any time during the tax year own,
4 Is the corporation a subsidiary in an affiliated group or a directly or indirectly, at least 25% of: (a) the total voting power
parent-subsidiary controlled group? of all classes of stock of the corporation entitled to vote, or (b)
If “Yes,” enter employer identification number and name the total value of all classes of stock of the corporation? If “Yes,”
of the parent corporation a Enter percentage owned
b Enter owner’s country
c The corporation may have to file Form 5472. Enter number
5 Did any individual, partnership, corporation, estate or
of Forms 5472 attached
trust at the end of the tax year own, directly or indirectly,
50% or more of the corporation’s voting stock? (For rules 11 Check this box if the corporation issued publicly offered
of attribution, see section 267(c).) debt instruments with original issue discount
If “Yes,” attach a schedule showing name and identifying If so, the corporation may have to file Form 8281.
number. (Do not include any information already entered 12 Enter the amount of tax-exempt interest received or
in 4 above.) Enter percentage owned accrued during the tax year $
6 During this tax year, did the corporation pay dividends (other 13 If there were 35 or fewer shareholders at the end of the
than stock dividends and distributions in exchange for stock) tax year, enter the number
in excess of the corporation’s current and accumulated 14 If the corporation has an NOL for the tax year and is
earnings and profits? (See secs. 301 and 316.) electing to forego the carryback period, check here
If “Yes,” file Form 5452. If this is a consolidated return, 15 Enter the available NOL carryover from prior tax years
answer here for the parent corporation and on Form 851, (Do not reduce it by any deduction on line
Affiliations Schedule, for each subsidiary. 29a.) $
Form 1120 (1995) Page 4
Schedule L Balance Sheets Beginning of tax year End of tax year
Assets (a) (b) (c) (d)
1 Cash
2a Trade notes and accounts receivable
b Less allowance for bad debts ( ) ( )
3 Inventories
4 U.S. government obligations
5 Tax-exempt securities (see instructions)
6 Other current assets (attach schedule)
7 Loans to stockholders
8 Mortgage and real estate loans
9 Other investments (attach schedule)
10a Buildings and other depreciable assets
b Less accumulated depreciation ( ) ( )
11a Depletable assets
b Less accumulated depletion ( ) ( )
12 Land (net of any amortization)
13a Intangible assets (amortizable only)
b Less accumulated amortization ( ) ( )
14 Other assets (attach schedule)
15 Total assets
Liabilities and Stockholders’ Equity
16 Accounts payable
17 Mortgages, notes, bonds payable in less than 1 year
18 Other current liabilities (attach schedule)
19 Loans from stockholders
20 Mortgages, notes, bonds payable in 1 year or more
21 Other liabilities (attach schedule)
22 Capital stock: a Preferred stock
b Common stock
23 Paid-in or capital surplus
24 Retained earnings—Appropriated (attach schedule)
25 Retained earnings—Unappropriated
26 Less cost of treasury stock ( ) ( )
27 Total liabilities and stockholders’ equity
Note: You are not required to complete Schedules M-1 and M-2 below if the total assets on line 15, column (d) of Schedule L are less than $25,000.
Schedule M-1 Reconciliation of Income (Loss) per Books With Income per Return (See page 18 of instructions.)
1 Net income (loss) per books 7 Income recorded on books this year not
2 Federal income tax included on this return (itemize):
3 Excess of capital losses over capital gains Tax-exempt interest $
4 Income subject to tax not recorded on books
this year (itemize):
8 Deductions on this return not charged
5 Expenses recorded on books this year not against book income this year (itemize):
deducted on this return (itemize): a Depreciation $
a Depreciation $ b Contributions carryover $
b Contributions carryover $
c Travel and entertainment $
9 Add lines 7 and 8
6 Add lines 1 through 5 10 Income (line 28, page 1)—line 6 less line 9
Schedule M-2 Analysis of Unappropriated Retained Earnings per Books (Line 25, Schedule L)
1 Balance at beginning of year 5 Distributions: a Cash
2 Net income (loss) per books b Stock
3 Other increases (itemize): c Property
6 Other decreases (itemize):
7 Add lines 5 and 6
4 Add lines 1, 2, and 3 8 Balance at end of year (line 4 less line 7)
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