Form 1100-Inst Fillable Corporate Income Tax Return - Instructions
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A qualified activity is defined as: (a) within the State of Delaware and (b) within and without the State ofDelaware Enter on Line 2 the value of all real and tangible personalproperty rented at the beginning and at the end of the taxable year allocable (a) within the State of Delaware and (b) within and without the State ofDelaware The rented real and tangible property is valued at 8 times theannual rental Include in the factor on the appropriate line the taxpayer'sshare of real and tangible property owned and rented resulting from thetaxpayer's proportionate ownership as a general or limited partner in anactive partnership Goods in transit should be included in the property factorof the state to which the goods are to be delivered Real and tangiblepersonal property owned by the United States Government that is used oroperated by the taxpayer shall be disregarded (include discount) received on intercorporate obligations representingadvances loans or similar contractual transactions that meet the followingrequirements: (1) The debtor and creditor corporations are subject to (text) 11 1 ACH Debit Option: The corporation initiates a transaction by contactingthe State of Delaware's Data Collector at least one business day prior to thedue date of the payment This call authorizes the State of Delaware toelectronically transfer tax payments from the corporation's depository to theState's depository 10 on the front of the return Enter the remainder from Line 8 Column 3 on 1139 to any Claim for Refund of Delaware corporation income taxes If 2 ACH Credit Option: The corporation initiates an ACH transaction through 20% (30% if any part of the certified rehabilitation of a residential 2001 any corporation incurring qualified expenditures in the rehabilitation 2013 Corporate Income Tax 2013 20653 DuPont Blvd Suite 2 30% (40% if any part of the certified rehabilitation of a residential 31 2000 but the income tax credit may not be claimed until after July 1 50% of Delaware's apportioned share of corporation's federal research and 540 S DuPont Highway 64 The purpose of this legislation and the creation of the HMC is to allow for the opportunity to attract investment management activities andheadquarter support operations to the State of Delaware to create new employment within the State Any corporation may elect to be classified asan HMC if the corporation limits its activities in Delaware to investment activities and/or providing headquarters management services to itself andto members of its affiliated group The election to become an HMC may be made anytime before the last day of the end of the first taxable yearcommencing after December 31 2003 Form 6401 HMC APPLICATION AND ELECTION FOR A HEADQUARTERS MANAGEMENT 700 must be completed and attached to the qualified corporation's Delaware 820 N French Street A corporate taxpayer may file a claim for refund resulting from a net A corporation may elect Delaware research and development tax A corporation that has a net operating loss and has filed an application A facility may be considered a qualified facility without hiring any A program has been established enabling a corporation to remit A qualified corporation must report all approved income tax credits on Absent conclusive proof to the contrary interest income will be allocated tothe state of corporate domicile or to the state in which the investment orcredit decisions were made according to the following schedule: 20% on the 15th day of the 6th month Accordingly this return is to be filed for the calendar year 2013 or fiscalyear beginning in 2013 and ending in 2014 Administration management or support operation of a manufacturer affected by the carryback of such loss must attach a copy of Federal Form after August 5 1997 the carryback period is reduced to two years and the ALL lines and schedules must be completed Speci c line All property owned and rented is located in Delaware all wages andsalaries are paid to employees working in Delaware and goods sold orservices rendered are delivered or performed in Delaware Amended Delaware Corporation Income Tax Return amending the carryback year enter on Line 2(g) Form 1100X as a amount of the net operating loss is allowed An entity that is a homeowners association as defined in Section 528 ofthe Internal Revenue Code or successor provision an entry on Line 2(g) unless your carryback loss was limitedunder Delaware Law and you are carrying forward an amountwhich differs from your Federal net operating loss carryforward An entry on this line must be supported by Form 1100NBI (availableby contacting the Division of Revenue) identifying by description andamount each item of non business income and demonstrating that: (1) An extension beyond the automatic six month period must be An extension of time with payment for filing the Delaware corporateincome tax return is made by filing Form 1100 T EXT contained in theDelaware Corporate Tentative Tax coupon book on or before the due date ofthe original return Please note that a timely filed extension extends theperiod for filing a final return but does not extend the period of time formaking payment Payment of the anticipated liability must be madewith the extension request 1100 T EXT coupon Section 511 of An LLC which does not make a Federal election to be treated as a An LLC which makes an election to be treated as a corporation andhas a single or multiple members will file a Delaware corporate income taxreturn The corporate attributes of the LLC do not flow through to theindividual member(s) Delaware recognizes the existence of the LLC as aseparate legal entity which does not create nexus for the individual LLCmember(s) when the LLC has elected to be taxed as a corporation an unconditional donation in perpetuity by the landowner/taxpayer to a and pay the required tentative tax payments will result in a penalty Apenalty of 1 5% per month is imposed on any underpayment or late paymentof tentative taxes from the due date of the tentative payment to the date thetax was paid The penalty will not be imposed if total tentative taxes timelypaid equal or exceed 80% of the current year's tax liability or equal orexceed 100% of the tax liability of the first preceding taxable year and which is disallowed as a carryback for Delaware corporate income tax Any 1980 Delaware census tracts as defined by the United States Any activity more than 50% of whose annual gross receipts are Any area located within Delaware that has been approved by the United Any corporation conducting a qualified activity within Delaware Any corporation may be eligible for Delaware corporate income tax Any corporation required to report Form 1099 MISC or 1099 R Any corporation that accomplishes mitigation of traffic congestion Any corporation that contributes to a neighborhood organization Any corporation that incurs qualified research and development Any corporation that places a qualified facility into service in a "targeted Any corporation that places a qualified facility into service on a Any manufacturer that voluntarily reduces by at least 50% the weight any political subdivision of the State or any agency or instrumentality of Any provisions of the Jumpstart Our Business Strength (JOBS) Act of 2004 H R 4520 which affect the Delaware taxable income of a corporationhave been automatically adopted by the Delaware Division of Revenue Any real property located within Delaware that is owned by a nonprofit Any real property located within Delaware that is owned by this State applied against Delaware income tax The income tax credits that are apportionment factor (property or wages or sales) is present For example ifthe corporation has property and sales but does not pay any salaries theapportionment percentage should be determined by the average of the twofactors of property and sales Enter the resulting percentage on Line 8 approval of such credits area" may be eligible for increased Delaware corporate income tax credits as a vacant or unoccupied site that has been environmentally contaminated associated with commuting to and from the work site during peak travel ATTACH COPY OF FEDERAL RETURN attached indicating the computation of the net operating loss deduction for available are the Economic Development Green Industries Research & basis of or in lieu of net income or net profit that are imposed by any stateor political subdivision of any state and were deducted in computing Federaltaxable income be eligible for Delaware corporate income tax credits equal to $900 for each Becoming a qualified corporation eligible for any of the seven income Beginning with taxable years that commence on or after January 1 Building P O Box 8911 Wilmington DE 19899 8911 (302) 577 8231 BUSINESS Business and civic leagues chambers of commerce fire companies by $250 by commercial or industrial activity as verified by the Department of Natural by the direct costs to the employer or the total commuter trip reductions Calculate the average value of the property by adding on Line 5 thetotal beginning and total ending values of property within the State ofDelaware and property within and without the State of Delaware calculating Federal taxable income but which were prevented from being calculating Federal taxable income to the extent such loss exceeds $30 000 CALENDAR OR FISCAL YEAR OPERATION CALENDAR YEAR 2013 AND FISCAL YEAR ENDING 2014 TAX YEAR capital investment to qualify for the Ecomonic Development Credits carried back for Delaware corporate income tax purposes Do not make carryback of the net operating loss You must attach a schedule to carryforward period is increased to 20 years carryforward period was fifteen years For a NOL in a tax year beginning carryover Cash method taxpayers must include any refund of state corporation CAUTION: Do not make an entry on Line 2(g) unless your carryback loss was limited under Delaware Law and Cemetery corporations and corporations created for religious charitable scientific or educational purposes CHECK THE APPLICABLE BOX Check the Initial Return box if this is the first time the corporation isfiling a Delaware corporate income tax return Check the Change OfAddress box if the address of the corporation has changed from theprevious year's filing Check the Extension Attached box if the claimed on Line 2(a) Dividends from Domestic International Sales Clubs organized and operated exclusively for pleasure and recreation Collection and Distribution of Recycled Materials Any column This site contains information for registering your business Tax Tips to guide you in filing various business tax returns and the ability toelectronically contact a representative of the Office of Business Taxes with your tax questions A new feature added to this site enables anybusiness whose current Delaware business license expires on December 31 2013 to renew their business license for 2014 online and pay theirlicense fee by using a credit card The business will have the ability to print a temporary license directly from the website and subsequently bemailed a permanent license In addition any business renewing a license online may also elect a one or three year business license commenced Commercial domicile is the principal place from which the trade or businessof the corporation is directed or managed (2) There is lack of a unitaryrelationship between the corporation and the payer of the income If thepayer and the corporation are at all functionally integrated if they have anycentralized management or if between them they take advantage ofeconomies of scale then there is not a lack of a unitary relationship (3) Theincome at issue is of an investment as opposed to an operational nature community development corporation or community based development comparsion to the amount of wastes in the immediately preceeding 12 compensation paid or accrued to employees engaged in employment withinthe State of Delaware and within and without the State of Delaware duringthe taxable year Include in the factor on the appropriate line the taxpayer'sshare of wages salaries bonuses and other compensation paid or accrued toemployees resulting from the taxpayer's proportionate ownership as a Compute the respective percentages carried to at least six decimalplaces and enter in the appropriate column Total the percentages and divideby: A factor of three if all three apportionment factors (property wages andsales) are present; A factor of two if only two apportionment factors(property or wages or sales) are present; A factor of one if only one computer software computing Federal taxable income is the only modification to Federaltaxable income and Consolidated corporate income tax returns are not permitted underDelaware Law Each corporation which is a member of a consolidated groupmust file a separate return reporting income and deductions as if a separateFederal income tax return was filed consolidated Federal income tax carryback is not available It is not relevant Contained within this booklet you will find Form 1100EZ in addition to Form 1100 Please see page 2 of this instruction booklet for the eligibilityrequirements for use of Form 1100EZ Contained within this booklet you will find Form 1100EZ in additionto Form 1100 The specific instructions for Form 1100EZ are printed on theback of the form Form 1100EZ has been created to simplify the filing of theDelaware corporate income tax return for eligible taxpayers File Form1100EZ only if: corporate income tax credits equal to $400 for each 10% of waste reduction corporate income tax purposes is only to the extent of the amount corporate income tax return to receive credit for the approved income tax corporate income tax return: corporation corporation and has a single corporate member will not be recognized as acorporation for Delaware income tax purposes The LLC will be considereda division of the single corporate member The single corporate member willbe required to file a Delaware corporate income tax return The corporateapportionment percentage will reflect the operation of the entire corporationand the property wage and sales factors of the LLC will be included withthe factors of the corporate single member corporation can claim under Section 41(c)(4) multiplied by a percentage corporation has obtained an approved Federal or Delaware extension of timeto file a Delaware corporate income tax return CORPORATION INCOME TAX RETURN INSTRUCTIONS Corporation Income Tax Return of the carryback year for the refund of such corporation is required within 90 days to file an amended State of Delawarecorporation income tax return Form 1100X together with a copy of theamended Federal return If the net income reported by the taxpayer to theInternal Revenue Service for Federal income tax purposes is changed orcorrected by the Internal Revenue Service or the tax computed on the returnis redetermined by the Internal Revenue Service notice of such changes CORPORATION STATE OF DELAWARE BUSINESS LICENSE must be completed and submitted to the Director of Revenue with the $5 000license fee on or before the last day for making an election to become an HMC Additional information regarding the creation and taxation of anHMC can be obtained by reading Delaware Technical Information Memorandunm 2004 4 corporation who is engaged in the business of collecting materials for corporation's estimated tax liability are due on or before the first day of thefourth month of the taxable year The declaration ( Form T 1) is due even if Corporations foreign capital gains rents and miscellaneous income are notconsidered exempt income for purposes of this exclusion These items ofincome are subject to the rules of allocation or apportionment Please referto the specific instructions for apportionable and non apportionable income Corporations maintaining a statutory corporate office in Delaware butnot doing business within Delaware Corporations registered as an investment company under the CORPORATIONS REQUIRED TO FILE RETURNS Corporations that are a real estate investment trust as defined in Section856 of the Internal Revenue Code of 1986 and corporations then the net operating loss is limited to the amount of net corporation's total Delaware qualified research and development expenses corporation's unused carryover net operating loss is carried over into the Corporations who are incorporated in Delaware and whose activities are limited to maintaining a statutory corporate office and not conductingbusiness within Delaware are exempt from filing the Delaware corporate income tax return under Section 1902(b)(6) of Title 30 of the DelawareCode Corporations whose activities in Delaware are limited to the Corporations whose activities within Delaware are confined to the Corporations whose Delaware taxable income was $200 000 or more corporations with tax losses which are to be used to offset the income of the corrections or adjustments must be reported to the Division of Revenuewithin 90 days after the final determination by the Internal Revenue Serviceis made Form 1100X is available from the Division of Revenue credit is the lesser of the product of the total commuter trip reductions credits All of the seven income tax credits are available to a qualified credits equal to 40% of the fair market value of any land or interest in land credits equal to 50% of the amount invested by the corporation in a program credits for the taxable year equal to: (1) 10% of the excess of the credits The Delaware Income Tax Credit Booklet containing Delaware current year of a net operating loss for prior year state corporation income DATE AND STATE OF INCORPORATION AND NATURE OF Declarations of tentative tax and payments must be made by filingForm 1100 T Tentative Tax Return Failure to make a declaration or file deduction the taxpayer must enter on Line 2(g) Form 1100 as a positivefigure the amount of any carryforward losses which were carried back in Delaware Code and uses such materials in its qualified facility may be Delaware Code is required to file a corporation income tax return regardlessof the amount if any of its gross income or its taxable income Delaware Corporate Income Tax Code for modification of Federal taxable DELAWARE CORPORATE INCOME TAX CREDITS Delaware corporate income tax credits equal to $400 for each 10% of waste Delaware corporate income tax return The carryforward loss on Line 2(g) must only be the amount of loss carried back for federal tax Delaware Electronic Funds Transfer Program ACH Authorization Delaware Form 700 Delaware Income Tax Credit Schedule Delaware Form Delaware income tax credits is available at any of the Division of Revenue Delaware is not the state of commercial domicile of the corporation Department of Commerce Bureau of the Census derived from aviation services and employing at least 100 qualified derived from computer processing data preparation engineering development expenses for the taxable year to the corporation's total qualified Development Land & Historic Resource Conservation Travelink Traffic development tax credit calculated using the alternative incremental credit distribution of recycled materials may be eligible for a Delaware corporate divided by the total commuter trips generated under the program multiplied Division of Revenue Division of Revenue does not recognize or approve using Combined Reporting Unitary or doing business in Delaware DOVER Dover Delaware 19901 driveways and entrances connected with or related to the use of the buildingstructure Expenditures incurred to remove architectural barriers or physicaldesign features for the purpose of making the building more accessible to orusable by handicapped individuals will generally qualify for the deduction during the year and for each of the 4 succeeding years during which the each $100 000 invested in the brownfield site A brownfield site is defined each qualified employee hired and $900 for each $100 000 invested in the ECONOMIC DEVELOPMENT CREDIT education for individuals not employed by the corporation community Effective for taxable years ending after June 30 1990 net operating either recycled materials or materials removed from the Delaware solid eligibility requirements eligible for Delaware corporate income tax credits equal to $400 for each eligible for Delaware corporate income tax credits equal to $650 for each employee hired and $650 for each $100 000 invested in the qualified employees EMPLOYER IDENTIFICATION NUMBER NAME AND ADDRESS Engaging in business as a manufacturer or wholesaler Enter in Schedule 1 Column 1 the total amount of interest income Enter in Schedule 1 Column 2 the total amount of interest income Enter in Schedule 1 Column 3 the total amount of interest income Enter in Schedule 1 Column 4 the total amount of interest income Enter in Schedule 1 Column 5 the total amount of all other interest Enter in the denominator on Line 4 the wages salaries and othercompensation paid or accrued to employees within and without the State ofDelaware as reported in Schedule 3(B) and compute the percentage Enter in the numerator on Line 1 the average value of all real andtangible personal property owned or rented in the State of Delaware Enterin the denominator on Line 2 the average value of all real and tangibleproperty owned or rented both within and without the State of Delaware asreported in Schedule 3(A) and compute the percentage Enter in the numerator on Line 3 the wages salaries and othercompensation paid or accrued to employees within the State of Delaware Enter in the numerator on Line 5 the gross receipts apportioned to theState of Delaware Enter in the denominator on Line 6 the total grossreceipts subject to apportionment as reported in Schedule 3(C) and computethe percentage Enter on Line 1 Column 3 Schedule 2 the total income received Enter on Line 1 in the column headed "Within Delaware" the grossreceipts from the sales of tangible property physically delivered withinDelaware to the purchaser or his agent located within the State of Delaware(but not including delivery to the United States Mail or to a common orcontract carrier for shipment to a place outside Delaware) Enter in thecolumn headed "Within and Without Delaware" the total gross receiptsfrom the sales of tangible personal property both within and withoutDelaware during the income year Include in the factor on the appropriateline the taxpayer's share of gross receipts from the sale of tangible propertyand gross income from other sources resulting from the taxpayer's Enter on Line 1 the amount of your Federal taxable income The Stateof Delaware does not recognize an affiliated group of corporations as ataxable entity Consolidated and combined returns are not permitted Thestarting point for Delaware corporate income taxes is Federal taxable Enter on Line 1 the original cost value of all real and tangible personalproperty owned at the beginning and at the end of the taxable year allocable Enter on Line 1 the total wages salaries bonuses and other Enter on Line 10 the income (or loss) calculated on the back of thereturn in Schedule 2 Column 1 Line 8 Enter on Line 11 the sum of Lines 9 and 10 Enter on Line 12 the amount shown on Line 5 or Line 11 whichever Enter on Line 14 the amount of Delaware tentative tax paid on Forms1100T Include on this line amounts paid with requests for extensions oftime to file Enter on Line 15 the amount of credit carryover from the immediatelypreceding taxable year Enter on Line 16 the amount of other corporate income tax paymentsmade for the taxable year that are not included on Lines 14 and 15 Attachan explanation and evidence of payment Enter on Line 17 the approved income tax credits from DelawareForm 700 Delaware Income Tax Credit Schedule Enter on Line 18 the sum of the payments and credits from Lines 14through 17 This amount represents the total credits available to be appliedagainst the tax liability on Line 13 enter on Line 19 the BALANCE DUE to be paid in full Enter on Line 2 (a) the amount of dividends received from foreignsources to the extent that a foreign tax was actually paid or accrued or thedividends were included in the dividend gross up for Federal income taxpurposes Dividends not eligible for the deduction on Line 2(a) are to beapportioned to the state of corporate domicile Also enter on Line 2(a) theamount of interest (from Schedule 1 Column 1) and royalties received fromforeign sources to the extent that a foreign tax was actually paid or accrued Enter on Line 2 Column 3 Schedule 2 the total income received Enter on Line 2 in the column headed "Within Delaware" all other Enter on Line 2(b) (from Schedule1 Column 2) the amount of interestincome received from bonds or securities of the United States or U S Enter on Line 2(c) (from Schedule 1 Column 3) the amount of interestincome (including discount) received on intercorporate obligationsrepresenting advances loans or similar contractual transactions that meet thefollowing requirements: (1) The debtor and creditor corporations are subjectto taxation under Delaware Law and (2) The debtor corporation does notclaim a deduction for such interest payments in determining its entire netincome for Delaware corporation income tax purposes Enter on Line 2(d) the gain received from the sale or other dispositionof bonds or securities issued by the United States or its instrumentalities orby the State of Delaware or its political subdivisions Enter on Line 2(e) an amount equal to the portion of wages paid orincurred for the taxable year which is disallowed as a deduction for Federalpurposes under Subsection (a) of Section 280 C IRC relating to the portionof wages for which the jobs tax credit is claimed Attach copy of FederalForm 5884 Jobs Credit Enter on Line 2(f) the cost incurred (not to exceed $5 000) of arenovation project to remove physical design features in a building thatrestricts the full use of the building by physically handicapped persons Theterm "building" means a building or structure or a portion thereof locatedin Delaware and open to the general public and includes sidewalks curbing Enter on Line 2(g) the amount of any allowable net operating losscarryovers for State of Delaware purposes (See "NET OPERATING LOSSDEDUCTION" PAGE SEVEN) Do not make an entry on Line 2(g) Enter on Line 2(h) the amount of non business income or loss Thecorporation may exclude under limited circumstances "non business" Enter on Line 2(i) the total of Lines 2(a) through 2(h) enter on Line 20(a) the total overpayment available for refund and/or credit Enter on Line 20(b) the amount of refund requested Enter on Line 20(c) the amount of credit carryover requested The sumof Lines 20(b) and 20(c) must be equal to the amount entered on Line 20(a) Enter on Line 3 the amount of gains (or losses) realized from the saleor other disposition of real property allocated to the State in which theproperty is physically located Enter on Line 3 the total of Lines 1 and 2 Enter on Line 4 of Schedule 3(a) the original cost of real and tangiblepersonal property the income from which is separately allocated in Enter on Line 4 the amount of gains (or losses) realized from the saleor other disposition of depreciable tangible property allocated to the State inwhich the property is physically located or normally used in the taxpayer'sbusiness The gain on the sale of rolling stock must be apportioned to theState(s) in which the property was used regardless of the location at the timeof the sale Enter on Line 4(a) the amount of all net income taxes computed on the Enter on Line 4(b) the amount of loss incurred from the sale or otherdisposition of bonds or securities issued by the United States or its Enter on Line 4(c) (from Schedule 1 Column 4) the amount of interestincome received from obligations issued by any State or politicalsubdivisions other than the State of Delaware or its political subdivisions Enter on Line 4(d) the amount of any percentage depletion expenseallowable under Federal Law to the extent it is in excess of cost depletion Enter on Line 4(e) the amount of interest (including discounts) paid onintercorporate obligations where creditor corporation eliminated such Enter on Line 4(f) charitable donations claimed as a deduction incomputing Federal taxable income for which the Neighborhood Assistanceor the Land & Historic Resource Conservation Delaware income tax credits Enter on Line 4(g) the total of Lines 4 (a) through 4(f) Enter on Line 5 the amount of Federal taxable income (Line 1) Enter on Line 5 the amount of interest income (including discount) tothe extent included in determining entire net income as reported in Schedule1 Columns 4 and 5 allocated to the state where the transaction took placewhich resulted in creation of the obligation In determining the state inwhich the obligation was created the taxpayer must provide conclusivephysical evidence indicating the state in which the obligation was created Enter on Line 6 the calculated average value of the property Enter on Line 6 the total amount of non apportionable income (orloss) from Schedule 2 Column 3 Line 8 which is explained below: Enter on Line 6 the total of Line 1 through Line 5 for Columns 1 2and 3 Enter on Line 7 the total expenses applicable or directly related toLines 1 through 5 of Schedule 2 Indicate the portion of the expensesapplicable to the non apportionable income allocated within Delaware(Column 1) without Delaware (Column 2) and total of both within andwithout Delaware (Column 3) All expenses related to the production ofallocable income must be supported by appropriate documentation If directexpenses cannot be documented such expenses will be determined bymultiplying total expenses by a fraction the numerator of which is allocable Enter on Line 8 the apportionment percentage calculated on the backof the return in Schedule 3 D Line 8 Enter the date in MM/YYYY format and the state in which thecorporation is incorporated Enter a short phrase to describe the nature ofbusiness conducted by the corporation Enter the employer identification number complete name corporateheadquarters address and Delaware address (if different from the corporateheadquarters address) of the corporation Employer identification Enter the exact date in MM/DD/YYYY format when the corporationceased business operations Only enter a date if the corporation went out ofbusiness during or on the last day of the corporation's tax year ending equal to $650 for each qualified employee hired and $650 for each $100 000 equal to the ratio of the corporation's Delaware qualified research and Erroneous entries on Line 2(g) will delay the processing of the corporate income tax return Every corporation is required to declare the amount of its estimatedtax liability and prepay the amount of its estimated tax liability in fourinstallments The declaration and remittance equal to 50% of the Every domestic and foreign corporation doing business in Delaware EXEMPT CORPORATIONS exempt under Section 1902(b)(8) Corporations may obtain a specific rulingfrom the Division of Revenue by submitting an Application of Exemption expenditures made in the rehabilitation of any certified historic expenses may be eligible for Delaware corporate income tax credits Export trading companies defined in Section 7401 of Title 6 DelawareCode facility Fax: (302) 577 8662 Fax: (302) 744 1095 Fax: (302) 856 5697 federal credit shall be the amount of the alternative incremental credit the federal definitions and methodology Delaware's apportioned share of the Federal Form 1118 must be attached to substantiate the deduction Federal Form 1139 was not filed copies of the carryback/over(s) taxable Federal taxable income (Line 30 Federal Form 1120) is less than$10 000 000 File Form 1100 or 1100EZ on or before the first day of the fourthmonth following the close of the taxable year A request for an automaticextension of six months to the Internal Revenue Service will automaticallyextend by six months the filing date for the Delaware return If an automaticFederal extension has been granted a copy of the extension must be attachedto the final return when filed for a Delaware corporate income tax credit equal to $650 for each qualified for each $100 000 invested in the brownfield site for each $100 000 invested in the qualified facility FOR FORM 1100 For the loss year Federal taxable income must be adjusted to reflect the for the taxable year over the corporation's Delaware base amount or (2) Form 1902AP describing their operations and stating the grounds for theexemption under Section 1902(b)(8) Form 700 and detailed instructions on qualifying and claiming any of the FORM SELECTION Form This form and its instructions are available by contacting theDivision of Revenue Electronic Funds Coordinator Carvel State Office Fraternal beneficiary societies from patent and copyright royalties Patent and copyright royalties are to beallocated proportionately to Delaware (Column 1) or other States (Column2) based on the State in which the product or process protected by the patentis manufactured or used or in which the publication protected by thecopyright is produced or printed from rents and royalties from tangible property Rent and/or royalty incomereceived from property physically located in Delaware is allocated inColumn 1 Rent and/or royalty income received from property physicallylocated outside of Delaware is allocated in Column 2 from tangible property physically located outside of Delaware GENERAL INSTRUCTIONS general or limited partner in an active partnership Enter on Line 2 thewages salaries bonuses and other compensation paid or accrued to generalexecutive officers "General Executive Officers" means the officers of GEORGETOWN Georgetown Delaware 19947 GREEN INDUSTRIES CREDIT gross income (if any) including receipts from services rendered withinDelaware which are not tax exempt and which are not directly allocated inSchedule 2 Gross income from sources within Delaware must include hire 5 or more qualified employees and invest a minimum of $200 000 in HISTORIC PROPERTY PRESERVATION CREDIT House Bill 403 of the 142nd General Assembly creates a new Chapter 64 of Title 30 of the Delaware Code This new chapter relates to theformation powers and taxation of a new corporate entity known as a Delaware Headquarters Management Corporation (HMC) The HMC will beexempt from taxation under Chapter 19 of Title 30 of the Delaware Code but will be subject to an alternative tax calculation under the new Chapter If a taxpayer files an amended Federal income tax return the If the net income reported on Line 5 is derived entirely from Delawaresources and no part of such income is apportionable to business activitiesconducted in other states enter the amount on Line 5 on Line 11 and omit If the qualified facility is located in a targeted area the corporation may If the qualified facility is located in a targeted area the manufacturer If you are selling tangible personal property or providing services IMPORTANT impoverished area may be eligible for Delaware corporate income tax in any of the last three preceding taxable years must make estimated in the business of processing materials removed from the Delaware solid In the case of a merger of two or more unrelated corporations each include this amount on Form 1100 Page 2 Schedule 2 Column 3 Line 5 including all schedules and exhibits when filing your Delaware return If thecorporation is a member of an affiliated group for Federal income taxpurposes the corporation must furnish a spread sheet of all items of incomeand deduction reconciling the separate items of each member corporation tothe consolidated totals income (net of related expenses) earned in the course of non businessactivities unrelated to those carried out in Delaware income due to the Section 382 limitations income of the purchasing corporation There are no provisions within the income of the separate corporation as if each corporation had filed a income on Line 2(h) Add the amounts on Line 1 and Line 2 andenter the total on Line 3 income received and not included in any other column of Schedule 1 Also income subject to expense reduction and the denominator is total income income tax credit equal to $650 for each qualified employee hired and $650 income tax credits equal to $900 for each qualified employee hired and $900 income tax credits equal to: income taxes as a negative amount on Line 4(a) in the year received while industrial research information to the Internal Revenue Service on magnetic media must alsoreport to the Delaware Division of Revenue on magnetic media The duty toreport 1099 MISC information to the Division of Revenue applies in thecase of Forms 1099 MISC issued to persons resident in Delaware or to nonresidents infrastructure associated with telecommunications services This insert the beginning and ending dates of the fiscal year in a MM/DD/YYYYformat INSTRUCTION HIGHLIGHTS Instructions and Returns Instrumentalities less applicable expenses Instrumentalities less applicable expenses Also enter this amount on Form1100 Page 1 Line 2(b) Interest received on obligations for which theUnited States is not the primary obligor or which are not guaranteed by thefull faith and credit of the United States are not exempt from tax instrumentalities or by the State of Delaware or its political subdivisions Insurance Commissioner Insurance companies paying taxes upon gross premiums to the Interest and royalty income received from a foreign source on which aforeign tax was not actually paid are required to be allocated within orwithout Delaware in Schedule 2 of the Delaware corporate income taxreturn Please see Line 6 for specific allocation rules Interest earned on temporary investment of working capital or on interest income from its income on Line 2(c) Inventory Report forms filed for the year may be eligible for Delaware invested in a qualified facility A targeted area is defined as: Investment Company Act of 1940 investment is devoted entirely to collection of materials for recycling and investments meant at maturity or at a later time to be applied to operations is less This is your Delaware Taxable Income is of an operational nature And (4) The income and apportionment factorshave been appropriately adjusted by related expenses and items used toproduce the income items supported by separate attached schedules must be entered on the appropriate line of this return Failure to complete al l lines and LAND AND HISTORIC RESOURCE CONSERVATION CREDIT LINE 1 FEDERAL TAXABLE INCOME LINE 10 DELAWARE NON APPORTIONABLE INCOME LINE 11 TOTAL DELAWARE INCOME LINE 12 DELAWARE TAXABLE INCOME LINE 13 TAX COMPUTATION LINE 14 DELAWARE TENTATIVE TAX PAID LINE 15 CREDIT CARRYOVER FROM PRIOR YEARS LINE 16 OTHER PAYMENTS LINE 17 APPROVED INCOME TAX CREDITS LINE 18 TOTAL PAYMENTS AND CREDITS LINE 19 BALANCE DUE LINE 2 SUBTRACTIONS FROM FEDERAL TAXABLE INCOME LINE 20 OVERPAYMENT LINE 3 SUBTOTAL LINE 4 ADDITIONS TO FEDERAL TAXABLE INCOME LINE 5 ENTIRE NET INCOME Line 6 on the front of the return LINE 6 TOTAL NON APPORTIONABLE INCOME LINE 7 INCOME SUBJECT TO APPORTIONMENT LINE 8 APPORTIONMENT PERCENTAGE LINE 9 DELAWARE APPORTIONABLE INCOME Lines 6 through 10 located in Delaware which is conveyed for the purpose of open space LOCATION OF OFFICES longer be deductible for Delaware corporate income tax purposes In loss carrybacks in excess of $30 000 for each carryback year will no MAGNETIC REPORTING OF FORM 1099 INFORMATION maintenance and management of their intangible investments and thecollection and distribution of the income from such investments or maintenance and management of their intangible investments may be manufacturer who derives at least 25% by weight of its raw materials from Many Delaware corporate income tax returns received by the Division of Revenue have an erroneous entry on Line 2(g) The erroneous entry may be eligible for Delaware corporate income tax credits equal to $900 for merchants associations or boards of trade not organized for profit method under Section 41(c)(4) of the Internal Revenue Code of 1986 using Mitigation Neighborhood Assistance and Historic Property Preservation tax months and are reported under the Toxic Release Inventory reflected by Multiply the income (or loss) subject to apportionment on Line 7 bythe apportionment percentage on Line 8 and enter the result on Line 9 natural resource and/or biodiversity conservation or historic preservation as negative figure the amount of the net operating loss carried back in NEIGHBORHOOD ASSISTANCE CREDIT NET OPERATING LOSS DEDUCTION not specifically exempt under the provisions of Section 1902(b) Title 30 NOTICE OF FEDERAL TAX ADJUSTMENT numbers are issued by the Internal Revenue Service by filingFederal Form SS 4 of any certified historic property may be eligible for Delaware corporate of Delaware for work performed within Delaware Forms 1099 Rare required to be reported to Delaware in the case of any person issued aForm 1099 R on which Delaware taxes are reported as withheld Eventhough Delaware participates in the Combined Federal/State Filing Program of materials removed from the Delaware solid waste stream may be eligible of other wastes released in the current year in comparison to the amount of of the Internal Revenue Code of the taxable year; 20% on the 15th day of the 9th month of the taxable Office to be committed to low income housing) of the qualified offices and is available at our website www revenue delaware gov on Federal Form 1139 for a tentative adjustment or refund of taxes for a year operating loss carryback on a separate return basis even though a operating loss not absorbed through consolidation prior to the merger Operation of a facility for the purpose of scientific agricultural or or 15% of the unadjusted basis in the facility at the close of the taxable year or carryovers for State purposes or in a community based development organization organization as defined by Section 501(c) of the Internal Revenue Code organization or that provides neighborhood assistance job training or other taxpayers will include such refunds as a negative amount on Line 4(a) OUT OF BUSINESS partnership payments equal to 80% of the current year's tax liability PENALTIES AND INTEREST PERIOD COVERED BY RETURN periods may be eligible for Delaware corporate income tax credits The Please see Technical Information Memorandum 2006 3 for the complete preceding the date on which installation or construction of the investment Previously the NOL carryback period was generally three years and the Processing of Waste Materials Any corporation who is engaged property is determined by the Delaware State Historic Preservation property plant and equipment to be eligible for the credit property which is eligible for a federal tax credit under Section 47 of property which is not eligible for a federal tax credit under Section 47 proportionate ownership as a general or limited partner in an active public or private conservation agency eligible to hold such land and interests purchasing corporation The limitation requirements affect Federal taxable purposes and disallowed for Delaware tax purposes The Delaware corporate income tax statute does not allow loss carrybacks in excess of$30 000 to each carryback year Federal loss carrybacks in excess of $30 000 for any carryback year must be carried forward for Delawarecorporate income tax purposes The carryforwards disallowed as a carryback are entered on Line 2(g) of the Delaware corporate income tax purposes For the carryforward year and consistent with the operation of qualified "brownfield" site may be eligible for Delaware corporate income qualified activity requires 50 qualified employees and $750 000 in qualified employee hired and $400 for each $100 000 invested in the qualified employee hired and $650 for each $100 000 invested in the qualified employee hired and $900 for each $100 000 invested in the qualified employees if the capital investment equals the greater of $1 million Qualified expenditures for the credit may be incurred after December qualified facility qualified facility qualified facility The facility may also be eligible for a ten year reduction in Real Estate Mortgage Investment Conduit as defined in Section 860Dof the Internal Revenue Code of 1986 received from a foreign source to the extent that a foreign tax was actuallypaid or accrued on the foreign interest income Also include this amount onForm 1100 Page 1 Line 2(a) Interest income received from a foreign received from bonds or securities of the United States or U S received from obligations issued by any State or political subdivisions otherthan the State of Delaware or its political subdivisions Also include thisamount on Form 1100 Page 1 Line 4(c) and Form 1100 Page 2 Schedule2 Column 3 Line 5 The interest must be allocated to the state where the recognized for Federal purposes The deduction is calculated in accordance record in the state in which the taxpayer is incorporated recycling and distributing recycled materials satisfies the requirements of reduced amount of release is maintained reduced by the subtractions entered on Line 2(i) and increased by theadditions entered on Line 4(g) This amount represents entire net income forpurposes of the Delaware Income Tax Law reduces by at least 20% the weight of wastes in the current year in reduction during the year and for each of the 4 succeeding years during Reductions in Waste Release Any manufacturer that voluntarily refund accruals do not increase the current year net operating loss carryback remainder on Line 8 Enter the remainder from Line 8 Column 1 on Line reporting requirements requested by letter on or before the extended due date of the return A copyof the Division of Revenue Approval Letter must be attached to the finalreturn when filed requirements of Section 2011(a) of Title 30 of the Delaware Code and RESEARCH AND DEVELOPMENT CREDIT research and development expenses for the taxable year Resources and Environmental Control If the brownfield site is located in a respectively and divide each sum by two results from the corporation entering the federal loss carryfoward from Line 29(a) of the federal corporate income tax return on Line 2(g) of the Return Form 1100X to reflect a decrease on Line 4(a) of the Delaware return The amount of carryforward loss used in one year can only equal the amount of federal taxable income in the carryforward year Acarryforward loss can not be used to offset any Delaware addition modification or income allocation for the purpose of reducingDelaware taxable income to zero Please see Page 7 of this instruction booklet for details concerning net operating loss deductions Returns filed late are subject to a penalty of 5% per month up to amaximum of 50% of the tax liability due plus interest of 1% per monthfrom the original due date until paid In addition to the above penalties andinterest an additional penalty of 1/2% per month (not to exceed 25%) isimposed for failure to pay (in whole or in part) the tax liability shown to bedue on a timely filed return returns resulting from acquisitions or mergers are due on the first day of thefourth month after the end of the taxable preacquisition and postacquisitionperiods S Corporations for taxable years beginning on or after January 1 1992 SCHEDULE 1 INTEREST INCOME SCHEDULE 2 NON APPORTIONABLE INCOME ALLOCATED Schedule 2 or is excluded as non business income on Line 2(h) Also enteron Line 4 the value of property currently under construction or property notused in the taxpayer's business SCHEDULE 3(A) GROSS REAL AND TANGIBLE PERSONALPROPERTY SCHEDULE 3(B) WAGES SALARIES AND OTHERCOMPENSATION SCHEDULE 3(C) GROSS RECEIPTS SUBJECT TOAPPORTIONMENT Schedule 3(D) and on Line 8 on the front of the return SCHEDULE 3(D) DETERMINATION OF APPORTIONMENTPERCENTAGE schedules will delay the processing of your return Section 172 of the IRC relating to the computation of a net operating loss Section 1904(f) Delaware Code requires that corporations exemptunder Section 1902(b)(8) file an Annual Information Return [Division ofRevenue Form 1902(b)] reporting sources of income and services providedwithin and without Delaware Section 2011(a) of Title 30 of the Delaware Code and whose qualified Section 382 of the Internal Revenue Code of 1986 puts limitations on separate Federal corporate income tax return services consumer credit reporting services and wholesale sale of services crime prevention housing or economic development in an Short period returns are required when there is a change of the annualaccounting period or where the taxpayer is not in existence for the entire source on which a foreign tax was not actually paid is classified as "OtherInterest Income" and included in Schedule 1 Column 5 SPECIFIC INSTRUCTIONS specifically exempted or directly allocated under this Section the item ofincome must be placed in the numerator of the gross receipts factor ifDelaware is the state of commercial domicile Please refer to the followingrules of allocation STATE OF DELAWARE State Office Building States Department of Commerce as a general purpose foreign trade zone Step by step instructions for completing the Delaware corporate income tax return are provided in this booklet The Division of Revenue iscommitted to provide quality services to all businesses To assist the Division's Office of Business Taxes has created a Home Page within thewebsite of the Delaware Division of Revenue The internet address is www revenue delaware gov Select Business Taxpayers from the Services subject to the $5 000 limitation Subtract Line 18 from Line 13 If Line 13 is greater than Line 18 Subtract Line 18 from Line 13 If Line 18 is greater than Line 13 Subtract Line 2 from Line 1 and enter the remainder on Line 3 Subtract Line 2(i) from Line 1 and enter result on Line 3 Subtract Line 4 from Line 3 and enter the remainder on Line 5 Subtract Line 6 (total non apportionable income) from Line 5 (entirenet income) and enter the result (income or loss) on Line 7 Subtract Line 7 from Line 6 for Columns 1 2 and 3 Enter the supervision maintenance repair and deployment of the physical surviving corporation However if there is a merger of two or more related targeted area the corporation may be eligible for Delaware corporate tax credits equal to $650 for each qualified employee hired and $650 for tax credits requires pre approval by the State agency responsible for the taxable dividends net gains or losses on the sale of intangible property anddistributions from partnerships in which the taxpayer is a corporate partner taxation under Delaware Law and (2) The debtor corporation does not claima deduction for such interest payments in determining its entire net incomefor Delaware corporation income tax purposes Also enter this amount onForm 1100 Page 1 Line 2(c) taxes arising as a result of the net operating loss deduction taxes must be shown as a negative amount on Line 4(a) However such Telecommunications services which shall include the administration Telephone: (302) 577 8205 Telephone: (302) 744 1085 Telephone: (302) 856 5358 TENTATIVE TAX FILING REQUIREMENTS tentative tax payments electronically This program is made available to allcorporations on a voluntary basis The Electronic Funds Transfer optionsavailable to you include: the 1099 MISC and 1099 R forms are required to be filed directly withDelaware All others including 1099 DIV and 1099 INT need not be led The addback of Delaware corporate income taxes deducted in The amount of the net operating loss recognized for Delaware The corporation must file Form 1100 if it does not meet all three the Delaware gross receipts tax The qualified new or expanded facility must the estimated tax liability is zero and no remittance is required Theremaining coupons T 2 T 3 and T 4 are not required to be filed if theestimated tax liability is zero for the remainder of the taxable year If theestimated tax liability is greater than zero during any of the remaining threequarters of the taxable year quarterly tentative tax payments are due The following corporations are exempt from filing a Delaware The income tax year of a corporation is the same as the taxable yearfor which the corporation reports for purposes of the Federal income tax The interest must be allocated to the state where the transaction took placethat resulted in creation of the obligation the Internal Revenue Code; and The provisions of the Internal Revenue Code have been changed the respective year(s) Claims for refund must be filed using Form 1100X The State of Delaware has issued regulations (Technical InformationMemorandum 98 1) regarding the Federal "check the box" classification ofLimited Liability Companies (LLC's) where such LLC's conduct businesswithin Delaware The State of Delaware has not adopted by statute or by regulation theprovisions of the Uniform Division of Income Tax Purposes Act nor is theState a member of the Multistate Tax Commission The State of Delaware The State of Delaware has not adopted by statute or regulation theprovisions of the Uniform Division of Income for Tax Purposes Act(UDITPA) The following items of income (less related or applicableexpenses) must be allocated to Delaware or to another state If an item ofincome such as domestic dividends miscellaneous income is not the State or its political subdivisions the use of NOL carryforwards by purchasing corporations acquiring their depository This ACH transaction will be in the Cash Concentrationand Disbursement Plus (CCD+) format and must be initiated at least oneday prior to the due date of the payment therein for conservation or preservation purposes This 2013 Form 1100 is used to report your Delaware corporateincome tax for calendar year 2013 or fiscal year beginning in 2013 andending in 2014 If the corporation conducts business on a fiscal year basis Thomas Collins Building Suite 2 Title 30 of the Delaware Code authorizes seven different credits to be Title 30 of the Delaware Code authorizes seven different credits to be applied against Delaware corporate income tax The corporate income taxcredits that are available are the Economic Development Green Industries Research & Development Land & Historic Resource Conservation Title 30 of the Delaware Code provides that the Director may grant anextension of time for filing any return and may require a bond not exceedingtwice the amount of the tax To compute the tax liability on Line 13 multiply Line 12 DelawareTaxable Income by 8 7% to determine if the net operating loss occurred while the corporation was To ensure the timely and proper processing of your corporate income tax return To participate in the EFT program you must complete the State of TOLL FREE TELEPHONE NUMBER (DELAWARE ONLY) 1 800 292 7826 transaction took place that resulted in creation of the obligation TRAVELINK TRAFFIC MITIGATION CREDIT Travelink Traffic Mitigation Neighborhood Assistance and Historic Property Preservation tax credits Please see page 6 of this instruction bookletfor details concerning the corporate income tax credits Under no circumstances is there to be an adjustment on an Amended under their regular method of accounting Refund accruals made in the Under this provision qualified renovation expenses incurred afterDecember 31 1978 are deductible in the taxable year in which the project iscompleted Attach a statement to your return describing the project the dateof commencement location date of completion and costs incurred unless your carryback loss was limited under Delaware Law and youare carrying forward an amount which differs from your Federal netoperating loss carryforward Use of Recycled Materials as Raw Materials Any waste stream for resale as raw materials to manufacturers satisfies the waste stream satisfies the requirements of Section 2011(a) of Title 30 of the wastes in the immediately preceeding 12 months may be eligible for Waters Edge methods of filing a Delaware corporate income tax return were granted when the State of Delaware is maintained as the principal place from whichthe trade or business of the taxpayer is directed or managed Other income isconsidered gross income from a Delaware source when the activity thatgives rise to the income is performed within the State of Delaware Enter onLine 2 in the column headed "Within and Without Delaware" all other grossincome (if any) from other sources both within and without Delaware whichare not tax exempt and which are not directly allocated in Schedule 2 (attachstatement) Do not include on Line 2 the income which is excluded as nonbusiness WHEN TO FILE AND EXTENSIONS which has placed in service a qualified new or expanded facility may be which the reduced amount of release is maintained While a corporation may be exempt from filing an income tax return under Section 1902(b)(6) an annual Franchise Tax is imposed upon allcorporations for the privilege of being incorporated in Delaware unless specifically exempted by law The Franchise Tax is administered by theSecretary of State Companies may incorporate under the General Corporate Law of Delaware by filing the proper documents with the Secretary ofState Division of Corporations P O Box 898 Dover Delaware 19903 General information can be obtained by calling (302) 739 3073 or byvisiting their website www corp delaware gov wholesaler or research facility whose qualified investment is devoted entirely to the processing and resale WILMINGTON Wilmington Delaware 19801 with the provisions of the Internal Revenue Code and no modification to the WITHIN AND WITHOUT DELAWARE within Delaware you are liable for a Delaware Business License and thepayment of a gross receipts tax on the receipts received from such sales orservices year and 10% on the 15th day of the 12th month of the taxable year HouseBill No 257 signed July 23 1997 eliminates the requirement for thecorporation to file and remit tentative tax when the corporation's taxableperiod is less than 92 calendar days year Short period returns are also required when there is a change ofownership as in the case of a subsidiary required to file a consolidatedFederal income tax return with its parent Chapter 19 (Corporation IncomeTax) of Title 30 of the Delaware Code does not contain a specific provisionfor the filing of a short period corporate final income tax return Section1901(7) provides that the "income year" of a corporate taxpayer shall be thetaxable year for which a taxpayer computes its net income for purposes ofthe Federal income tax Section 1903 provides that the entire net income of acorporation is the amount of its Federal taxable income with specificmodifications As a result if a short period Federal return is due a shortperiod Delaware return is also due for the same tax period Short period years must be attached to the Claims for Refund A schedule must be you are carrying forward an amount which differs from your Federal net operating loss carryforward You must attach a copy of your Federal return for the income year your return indicating the loss year(s) and the amount(s) carriedback and/or carried forward