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Idaho Free Printable Form 42, Apportionment and Combined Reporting Adjustments for 2019 Idaho Idaho Apportionment And Combined Reporting Adjustments

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Idaho Apportionment And Combined Reporting Adjustments
Form 42, Apportionment and Combined Reporting Adjustments

F O R M EFO00029 42 05-01-2018 IDAHO APPORTIONMENT AND COMBINED REPORTING ADJUSTMENTS Attach to the Idaho Income Tax Return as Page 3 Federal Employer Identification Number (EIN) Name as shown on return PART I. APPORTIONMENT FORMULA PROPERTY (OWNED PROPERTY AT ORIGINAL COST) TOTAL IDAHO PERCENTAGE BEGINNING OF YEAR 1. Inventories......................................................................................... ▪ ▪ 2. Real and tangible personal property.................................................. ▪ ▪ END OF YEAR 3. Inventories......................................................................................... ▪ ▪ 4. Real and tangible personal property.................................................. ▪ ▪ 5. Total of lines 1 through 4.................................................................... 6. Average. Line 5 divided by 2............................................................. 7. Rented property (capitalized at 8 times rents paid)........................... ▪ ▪ 8. Total property. Add lines 6 and 7....................................................... ▪ ▪ 9. Idaho property percentage. Compute percentage to four decimal places.................................................................................... % SALES (GROSS RECEIPTS) 10. Gross sales, less returns and allowances.......................................... ▪ 11. Sales delivered or shipped to Idaho purchasers................................ ▪ 12. Idaho "throwback" sales..................................................................... ▪ 13. Sales of services................................................................................ ▪ ▪ 14. Other business gross receipts........................................................... ▪ ▪ 15. Total gross receipts. Add lines 10 through 14................................... ▪ ▪ 16. Idaho sales percentage. Compute percentage to four decimal places......................................................................................... % 17. Idaho sales percentage doubled. Multiply line 16 by 2. Utility companies see instructions......................................................... % PAYROLL 18. Total wages and salaries.................................................................... ▪ ▪ 19. Idaho payroll percentage. Compute percentage to four decimal places....................................................................................... % 20. TOTAL PERCENTAGE. Add lines 9, 17, and 19. Utility companies add lines 9, 16, and 19.................................................... % 21. IDAHO APPORTIONMENT FACTOR. See instructions............................................................................................................ % PART II. COMBINED REPORTING ADJUSTMENTS ADDITIONS 1. Income of unitary foreign subsidiaries. See instructions......................................................... 2. Federal taxable income of unitary subsidiaries not included on the federal return.................. 3. Income of foreign corporations subject to federal taxation...................................................... 4. Intercompany transactions eliminated on the federal return.................................................... 5. Other additions. Include explanation....................................................................................... WATER'S EDGE 1 2 3 4 5 6. Total additions. Add lines 1 through 5. Enter on Form 41, line 17.......................................... 6 SUBTRACTIONS 7. Federal taxable income of nonunitary subsidiaries included on the federal return.................. 7 8. Exclusion for foreign dividends a. Foreign dividends.............................................................................................................. 8a b. Enter 80% if no spreadsheets filed or 85% if spreadsheets filed...................................... 8b c. Dividend exclusion. Multiply line 8a by line 8b................................................................. 8c 9. Intercompany dividends included on the combined return....................................................... 9 10. Intercompany transactions included on the federal return....................................................... 10 11. Other subtractions. Include explanation.................................................................................. 11 12. Total subtractions. Add lines 7, 8c, 9, 10, and 11. Enter on Form 41, line 29....................... 12 WORLDWIDE ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ % ▪ ▪ ▪ ▪ ▪ ▪ ▪
Extracted from PDF file 2018-idaho-form-42.pdf, last modified August 2018

More about the Idaho FORM 42 Corporate Income Tax TY 2018

We last updated the Idaho Apportionment And Combined Reporting Adjustments in February 2019, so this is the latest version of FORM 42, fully updated for tax year 2018. You can download or print current or past-year PDFs of FORM 42 directly from TaxFormFinder. You can print other Idaho tax forms here.

Other Idaho Corporate Income Tax Forms:

TaxFormFinder has an additional 65 Idaho income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
FORM 41 Idaho Corporation Income Tax Return
FORM 41ES Quarterly Estimated Tax/Extension of Time Payment
FORM 75 Fuels Use Report
FORM 65 Idaho Partnership Return of Income
FORM 49 Idaho Investment Tax Credit

Download all ID tax forms View all 66 Idaho Income Tax Forms


Form Sources:

Idaho usually releases forms for the current tax year between January and April. We last updated Idaho FORM 42 from the State Tax Commission in February 2019.

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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 Idaho FORM 42

We have a total of six past-year versions of FORM 42 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2018 FORM 42

Form 42, Apportionment and Combined Reporting Adjustments


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