Form 1120S Form 1120S U.S. Income Tax Return for an S Corporation

Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . .
Baddebts . . . . . . . . . . . . . . . . . . . . . . . . . . .
1 Rents
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2 Taxes and lrcenses . . . . . . . . . . . . . . . . . . . . . . . .
3 Interest. . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 Deprec~at~on
not claimed on Schedule A or elsewhere on return @tach Form 4562) . . . .
5 Depletion (Do noi deduct oil and gas depletion.) . . . .
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8 Advertising. . . . . . . . . . . . . . . . . . . . . . . . . . .
7 Pens~on,profit-sharing, etc., plans . . . . . . . . . . . . . . . . . . .
8 Employee benef~tprwrarns, . . . . . . . . . . . . . . . . . . . . .
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2007 estimated tax payments and 20D6 o v s m e n t crdiied to 2007

Privscy Act and Paperwork Reduction Act Notice, see aeparsrte instructtons.

Cat. No. 11510H

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Form 1 120s (2007)

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Inventory at beg~nningof year . . . . . .
Purchases . . . . . . . . . . . .
Cost of labor . . . . . . . . . . .
Additional sect~on263A costs (attach statement)

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Cost of Goods Sold (see instructions)

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Mher costs ( a m h stat8rnent)
Total. Add lines 1 through 5 . . . . . . . . .
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Inventory at end of year . . . . . . . . . . . . . . . .
Cost of goods sold. Subtract line 7 from l ~ n e6. Enter here and
Check all methods us& for va!ulng closrng inventory:
fiJ
Cost as
(ii)
Lower of cost w market as described in ~egulations
(Xi)
Other (Specify method u w d a$@bch &anatbn;)
b Check if there was a wtitedown of s&ormaligoads
as described tn R
c Check i f the LIFO inventory rnethd was;ado&
this tax year for any,
inventory computed under UFO

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a Business activity b ........--..._....._....._...___..._.
b Product or service b ...............................-.---.
At the end of the tax year, did the corporation own, directly or ~nd~rectly,
50% or more ol the voting stock of a dometic
corpwat~on?
(For rutes of attribution, see section 267(c).) If "Yes,"attach a statement showing: (a) name and employer
rdentiflcation number (EIN), {b) percentage owned, and (c) if 100% owned, was a OSub election made? . . . .

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Has this corporation filed, or is it required to file, a return under section 6111 to povide information on any reportable
transaction? .
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Check this box rf the cormation issued publicly offered debt instruments with onginal issue d i m u n i . . b
If check&. the corporat~onmay have to file Form 8281, InformationReturn for Publ~clyOffered Original Issue D i m n t
Inslruments.
If Ihe corporation: (a) was a C corporatim before it elected to be an S corpwatim or the corpwation acquired an
asset with a basis determined by reference to its basis (or the basis of any other property) in the hands of a
C corporation and {b) has net unrealized built-~ngain (deflned m sect~on1374(d)(I))in excess of the net recognized
built-in gain from prior years, enter the net unrsallzed bu~lt-ingain reduced by net r q n i z e d buitt-in gain from prior
years . . . . . . . . . . . . . . . . . F 5 .....................................................
Enter the accumulated earnings and profits of the corporation at the end of the tax year.
f
Are the corporation's total receipts (see rmtnrct!ons! for the tax year and its total assets at the end of the tax year
less than $250,000?If 'Yes," the corporation is not rqufred to complete Schedules L and MM . . . . . .
TOM amount
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Shareholders' Pro Rata Share Items

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1 Ordinarj business income (loss) @age 1 , line 21)

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Ba
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Net rental real estate income (loss) (attach Form 8825) . . . . . . . . . . .
Other gross rental income (loss) . . . . . . . . .
3a
Expenses from other rentai activitis (stlech slatement). .[ I 3b I
Other net rental income (loss). Subtract tine 3b from line 3a . . . . . . . . . .
Interest income . . . . . . . . . . . . . . . . . . . . . . .
D~vidends:a Ordqnafy dividends . . . . . . . . . . . . . . . . . . .
b Qual~f~ed
d~vidends. . . . . . . . .
1 5b
Royalties . . . . . . . . . . . . . . . . . . . . . . . . . .
Net short-term cap~talgaln (loss) (attach Schedule D (Form 112OS)J . . . . . . . .
Net long-term caprtal gain (loss) (attach Schedule D (Form 11205)) . . . . . . . .
Collect~bles(28%) galn (10s) . . . . . . . . .
Unrecaptured sect~on1250 gain (attach statement) . . ,
Net section 1231 gain (lass) (anach Form 4797) . . .
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Other ~ncome(loss) (see instructions)
Type b

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1120s uooq

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t Other (attach statement) . . . . . . , . . . .
Deductions allocated and apprlioned at shareholder level
g Interest expense . . . . . . . . . . . . . .

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h other . . . . . . . . . . . . . . . . . . . . . . . . . . .
Deductions allocated and apport~onedat corporate level to foreign source income
i Pass~vecategoty
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j General category
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k Other (aftach statement) . . . . . . . . . . . . . . . . . . . . .

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Oiher infomatron

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I Total foreign taxes (check one): b
Pa~d
m Reduction in taxes available for credlt @trach
n Olher foreign tax information (attach statemen

Post-1986 depreciation adjuslment . . . . . . .
Adjusted gain or loss . . . . . . . . . . .
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Depletion (other than o!l and gas)
Oil, gas, and geothermal properties-gross income. .
e Oil, gas, and geothermal propertieMeductions. . .
f Other AM1 ilerns (attach statement)
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15a
b
c
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168 Tax-exempt interest income

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b Other tax-exempt i m m e .
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E Nondeductible expnses
d Property distributions . . . . . .
e A ~ a y m e n tof loans from shareholders.

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Accrued

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17a Investment income . . . . . . . . . . . . . . . . .
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b Investment ex~enses . . .
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c Divtdend distributions paid from accumulated earnings and prof~ts. . . .

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d Other Item and amounts (attach starernent)

38 lncomelloss reconcilietion. Combine the amounts on lines 1 through 10 in the tar right
column. From the result, subtract the sum of the arnotmts on lines 11 through 12d and 141
Fcrm

1120s (2007)

Form 11205 gW7I

Page

1 Csh. . . . . . . . . . .
2a Trade notes and accounts rece~vable.
b Less allowance for bad debts . . .
3 Inventories. . . . . . . . .

b Less accumu

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Other current liabilities (attach statement)
Loans from shareholders. , . , , ,

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Mortgages. noles, bonds payable in 1 year or more

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Other liabilit~es(attach statement)
Capital stock . . . .
Additional paid-rn capital.
Reta~nedeamlngs

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Adlustments to sharehd*'

equity Pbch $b!mnt)

Note: Schedule M-3 reou~redInstead of Schedule M-1 if total assets are $10 million or mar- instrUCti0n~
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Net rncwne (1oss)per books. . . . . .
Income included on Schedule K. lines 1 , 2 , 3c, 4.
5a. 6.7, Ba. 9,and 10, not recorded on books thrs
year (itemize): . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenses records on books this year not
included on Schedule K, lanes 1 through 12
and 141 (ttemize):

5 Income r w d e d on books thL year not bduded
on Schedule K, hes 1 lhrough 10 [ h m ~ e ) :

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a Tax-exempt interest $

6 Deductions ~nciudedon Schedule K, lines
1 through 12 and 141, not charged against
book income this year (~temize):

a Deprectaton $ .............................
b Travel and entertainment $ ...............
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a Depreciation $

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7 Add lines 5 and 6 .

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8 Income (lossj (ScMuk Y Ime 18). Lbne 4 less line 7
Analysis of Accumulated Adjustments Account, Other Adjustments Account, and Shareholders'
Undistributed Taxable Income Previoush Taxed (see instructions)

Addlinest through3.
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Balance at beglnnlng of tax year
Ord~naryIncome from page 1, line 21

' (a) Accumulated
adjustments account

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(b) Other adjustments

account

(c] Shmholdm' undistributed
taxable income prwiwdsly t a x 4

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Other addittons . . . . . . . .
loss from page 1 , llne 21 . . . .
Other reduct~ons
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Comb~nel~nes1 through 5
Distributionsother than dividend distributionsj
Balance at end of tan year. Subtract line 7 from l~ne61

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1120s FWn