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Delaware Free Printable Form 1280-DEV - Deductions for Amounts Paid to Subcontractors for 2020 Delaware Contractors - Deductions for Amounts Paid to Subcontractors

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Contractors - Deductions for Amounts Paid to Subcontractors
Form 1280-DEV - Deductions for Amounts Paid to Subcontractors

STATE OF DELAWARE DEDUCTIONS FOR AMOUNTS PAID TO SUBCONTRACTORS Department of Finance BY CONTRACTORS AND DEDUCTIONS Division of Revenue FOR DEVELOPMENT OF REALTY 820 N. French Street P.O. Box 2340 FORM 1280-DEV Wilmington, Delaware 19899-2340 Reset Print Form THIS FORM IS TO BE USED BY BUSINESS CODES 332 AND 336 ONLY AND MUST BE ATTACHED TO CONTRACTORS/DEVELOPERS GROSS RECEIPT TAX COUPON TO SUBSTANTIATE PAYMENTS TO SUBCONTRACTORS AND DEDUCTIONS FOR DEVELOPMENT OF REALTY 1. Enter Federal Employee Identification Number 1­ - 2. Name 3. Address 5. Social Security Number 2­ City 4. OR - - State Zip Code General Contractors Total Monthly Gross Receipts: Month/Year (Enter on Line 1 of Gross Receipts Coupon, including proceeds from development activities) $ PART A: Less Payments to Subcontractors: Name &. Address 1 2 3 4 Employer ID No. DE Business License No. Amount of Payment Business Code Employer ID No. DE Business License No. Amount of Payment Business Code Employer ID No. DE Business License No. Amount of Payment Business Code Employer ID No. DE Business License No. Amount of Payment Business Code (See Reverse Side for Additional Space) TOTAL PART A. (Attach separate schedule if additional space is needed) TOTAL PART B. Realty Development Expenses (From Line 10 on Back of Form) TOTAL PART C. Miscellaneous Expenses (From Line 11 on Back of Form) TOTAL PART D. Election to Deduct 30% of Gross Receipts from Sale of Property (From Line 12 on Back of Form) 6. Total Payments to Subcontractors & Development Expenses: Add Parts A & B & C OR A & D and enter on Line 2 of Gross Receipts Coupon $ 7. Total Taxable Gross Receipts for the Month: Subtract Line 6 from Line 4 and enter on Line 3 of Gross Receipts Coupon $ I declare under penalties as provided by law that the information on this form is true, correct and complete. SIGNATURE TITLE DATE Contracts have been awarded to the following nonresident contractors and nonresident subcontractors: Name & Address 5 6 7 8 9 10 11 12 13 14 15 Employer ID No. DE Business License No. Amount of Payment Business Code Employer ID No. DE Business License No. Amount of Payment Business Code Employer ID No. DE Business License No. Amount of Payment Business Code Employer ID No. DE Business License No. Amount of Payment Business Code Employer ID No. DE Business License No. Amount of Payment Business Code Employer ID No. DE Business License No. Amount of Payment Business Code Employer ID No. DE Business License No. Amount of Payment Business Code Employer ID No. DE Business License No. Amount of Payment Business Code Employer ID No. DE Business License No. Amount of Payment Business Code Employer ID No. DE Business License No. Amount of Payment Business Code Employer ID No. DE Business License No. Amount of Payment Business Code COMPUTATION OF DEVELOPMENT EXPENSES Contractor Name TPID Page 3 Tax Period (The information requested below is required for each development from which a lot was sold during the reporting period.) Name of Development Development Address (1.) Number of Properties/Lots sold this period. (2.) Number of Properties/Lots within this development. (3.) Percentage of Properties/Lots sold this period. [Divide Line (1.) by Line (2.)] (4.) Total Number of Properties/Lots sold to date PART B: Total Cost of Realty Development Expenses a. Cost of Raw land b. Site Improvement (Clearing. grading, streets, water. power &. other utilities) c. Engineering Costs (Rezoning &. subdivision costs only) d. Legal Fees (Rezoning &. subdivision costs only) e. Interest cost associated with acquisition &. development of the site regardless of whether interest has been expended or capitalized for federal income tax purposes. (Allocated on a per lot basis.) f. Decorating & space planning costs associated with model home(s). 8. Total (Part B) (Add lines a. - f. and enter here.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9. Enter the percentage from Line (3.) above. 10. Total. (Multiply Line 8. by Line 9. and enter here and on Line 5, Part B.) . . . . . . . . . . . . . PART C: Miscellaneous Expenses Attributable to Lots Sold this Tax Period. a. Developers share of Realty Transfer Tax b. Real estate fees/commissions (Maximum 2% of gross proceeds) c. Sales concessions to buyers deducted from sellers funds at settlement. (Points, settlement help, etc.) d. Other costs associated with the Lots sold this tax period (other than general administrative &. overhead). Attach a statement identifying such costs. 11. Total (Part C) (Add lines a. - d. and enter here and on Line 5, Part C.). . . . . . . . . . . . . . . PART D: Election to Deduct 30% of Gross Receipts from the Sale of Property. An election to use the standard 30% deduction is irrevocable for a period of one year from the date of such election. a. Gross receipts from sale of property for this tax period. b. Standard 30% deduction. 12. x 30% Total (Part D) (Multiply Line a. by Line b. (30%) and enter here and on Line 5, Part D.). . . . NOTE: PAYMENTS DEDUCTED UNDER PART B MAY BE NOT DEDUCTED AGAIN UNDER PART C. IF PART “D” ELECTION IS CHOSEN, TAXPAYER MAY NOT CLAIM DEDUCTIONS UNDER PARTS B & C. A partial list of non-deductible items for Contractors and Real Estate Developers is contained on Page 7. Section IV, D, of Division of Revenue Tax Information Memorandum 93-5 dated August 19, 1993. This page must accompany Form 1280-DEV and be attached to the monthly or quarterly gross receipts coupon. (Form 1280-DEV - Revised 11/2007) LINE-BY-LINE INSTRUCTIONS FORM 1280-DEV 1. Enter the account number of the business for which you are filing. This is either a federal employer identification number or a social security number, and can be found in your annual gross receipts coupon book. 2. Enter the contractor’s business name, as it appears on the Delaware business license. 3. Enter the contractor’s mailing address. 4. Enter the month and year for which the gross receipts tax is being reported. Enter the total amount of gross receipts being reported. (The total on Line 4 should also be entered on Line 1 of your gross receipts reporting coupon.) 5. List payments made to subcontractors. If you are reporting payments to more than five subcontractors, use the back of Form 1280 for additional space: 1) Enter the subcontractor’s business name and mailing address in the field provided. 2) Enter the subcontractor’s employer identification number. 3) Enter the total amount of payment(s) made to the subcontractor. 4) Enter the subcontractor’s Delaware business license number. Payments to subcontractors without a current business license will be denied. 5) Enter the subcontractor’s business code (this can only be business code 331, 332, 333, 335, 336 or 337). 6. Enter the total amount of payments made to subcontractors. (The total on Line 6 should also be entered on Line 2 of your gross receipts reporting coupon.) 7. Subtract Line 6 from Line 4. Enter this amount on Line 7. (The amount on Line 7 should also be entered on Line 3 of your gross receipts reporting coupon.) The following is a listing of activities/expenses which are NOT DEDUCTIBLE as amounts paid to subcontractors: Accounting Expenses Advertising Architects Attorneys Cleaning Construction Management Delivery or transportation charges Employment Agencies or temporary employees Engineers Environmental Studies Equipment Rental Exterminators Hauling Horticulture Inspections Interior Designers/Decorators Material supplied without labor Operating Expenses Realtors Sanitation Security Surveyors Taxes or other fees paid to any state, county, city or municipality Trailer Rentals Trash Removal Utility Expenses (Form 1280-DEV - Revised 11/2007)
Extracted from PDF file 2019-delaware-form-1280-dev.pdf, last modified February 2005

More about the Delaware Form 1280-DEV Corporate Income Tax TY 2019

We last updated the Contractors - Deductions for Amounts Paid to Subcontractors in February 2020, so this is the latest version of Form 1280-DEV, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form 1280-DEV directly from TaxFormFinder. You can print other Delaware tax forms here.


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Other Delaware Corporate Income Tax Forms:

TaxFormFinder has an additional 64 Delaware income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 402LTR 9901 Gross Receipts - License Tax Reduction for New Businesses - Computation Schedule
Form 329 Special Tax Computation for Distribution from Qualified Retirement Plan
Form 5403 Real Estate Tax Return - Declaration of Estimated Income Tax
Form 1100-EXT (2014) Corporation Income Tax - Request For Extension
Form 800 Business Income of Non-Resident

Download all DE tax forms View all 65 Delaware Income Tax Forms


Form Sources:

Delaware usually releases forms for the current tax year between January and April. We last updated Delaware Form 1280-DEV from the Division of Revenue in February 2020.

Show Sources >

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Delaware Form 1280-DEV

We have a total of seven past-year versions of Form 1280-DEV in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form 1280-DEV

Form 1280-DEV - Deductions for Amounts Paid to Subcontractors

2016 Form 1280-DEV

Form 1280-DEV - Deductions for Amounts Paid to Subcontractors

2015 Form 1280-DEV

Form 1280-DEV - Deductions for Amounts Paid to Subcontractors

Contractors - Deductions for Amounts Paid to Subcontractors 2014 Form 1280-DEV

Form 1280-DEV - Deductions for Amounts Paid to Subcontractors

2012 Form 1280-DEV

Form 1280-DEV - Deductions for Amounts Paid to Subcontractors

2011 Form 1280-DEV

Form 1280-DEV - Deductions for Amounts Paid to Subcontractors


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