Content Navigation
Example - Delaware 300 Form
DELAWARE
FORM 300
DELAWARE PARTNERSHIP RETURN
TAX YEAR 2006
DO NOT WRITE OR STAPLE IN THIS AREA
FISCAL YEAR _________/_________/__________ To |
__________/__________/__________ |
|
|
|
|
|
REV CODE 006 |
|||
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
NAME |
|
|
|
|
EMPLOYER IDENTIFICATION NUMBER |
|||||
|
|
|
|
|
|
|
|
|
|
|
ADDRESS |
|
|
|
|
NATURE OF BUSINESS (SEE INSTRUCTIONS) |
|||||
|
|
|
|
|
|
|
|
|
|
|
CITY |
|
STATE |
ZIP CODE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
A. CHECK APPLICABLE BOX: |
|
AMENDED RETURN |
|
PARTNERSHIP DISSOLVED OR INACTIVE |
||
IF THE PARTNERSHIP ADDRESS HAS CHANGED, WHICH ADDRESS IS AFFECTED? |
|
LOCATION |
||||
|
|
|
|
|
|
|
B.DID THE PARTNERSHIP HAVE INCOME DERIVED FROM OR CONNECTED WITH SOURCES IN DELAWARE?
DID THE PARTNERSHIP HAVE DELAWARE RESIDENT PARTNERS? |
|
YES |
|
NO |
|
|
|
|
|
IF THE ANSWER TO EITHER QUESTION ON LINE B IS “YES”, A PARTNERSHIP RETURN IS REQUIRED TO BE FILED.
C.TOTAL NUMBER OF PARTNERS:
D.YEAR PARTNERSHIP FORMED:
ATTACH COMPLETED COPY OF U.S. PARTNERSHIP RETURN OF INCOME FORM 1065 AND ALL SCHEDULES.
CHANGE OF ADDRESS
MAILING |
|
BILLING |
|
|
|
YES |
|
NO |
|
||
|
|
|
SCHEDULE 1 - PARTNERSHIP SHARE OF INCOME AND DEDUCTIONS WITHINAND WITHOUT DELAWARE
INCOME: |
|
|
1. |
Ordinary income (loss) from Federal Form 1065, Schedule K, Line1 |
1 |
2. |
Apportionment percentage from Delaware Form 300, Schedule 2, Line 16 |
|
|
|
2 |
3. |
Ordinary income apportioned to Delaware. Multiply Line 1 times Line 2 |
|
|
|
3 |
|
|
Column A |
|
|
Total |
00
%
00
Column B
Within Delaware
1
2
3
4. Enter in Column A the amount from Line 1.....................................................................
Enter in Column B the amount from Line 3.....................................................................
4
00
004
5. Net income (loss) from rental real estate activities, |
|
|
5 |
Federal Form 1065, Schedule K, Line 2 |
|
6. Net income (loss) from other rental activities, |
|
|
6 |
Federal Form 1065, Schedule K, Line 3c |
|
7. Guaranteed payments from Federal Form 1065, Schedule K, Line 4 |
|
|
7 |
8. Interest income from Federal Form 1065, Schedule K, Line 5 |
|
|
8 |
9. Dividend income from Federal Form 1065, Schedule K, Line 6(a) |
|
|
9 |
10. Royalty income from Federal Form 1065, Schedule K, Line 7 |
|
|
10 |
11. Net short term capital gain (loss) from |
|
Federal Form 1065, Schedule K, Line 8 |
|
|
11 |
12a. Net long term capital gain (loss) from |
|
Federal Form 1065, Schedule K, Line 9(a) |
12a |
b. Collectible gain (loss) - Fed Form 1065, Sch. K, Line 9b |
|
|
00 |
c. Unrecaptured Section 1250 gain - Fed Form 1065, Sch. K, Line 9c |
|
|
00 |
13. Net gain (loss) under Section 1231 from |
|
Federal Form 1065, Schedule K, Line 10 |
|
|
13 |
14. Other income (loss) (Attach schedule) from |
|
Federal Form 1065, Schedule K, Line 11 |
14 |
15. Total Income (Combine Lines 4 through 12a, Line 13, and Line 14) |
|
|
15 |
DEDUCTIONS: |
|
16.Charitable contributions from
|
Federal Form 1065, Schedule K, Line 13(a) |
16 |
17. |
Section 179 expense deduction from |
|
|
|
17 |
|
Federal Form 1065, Schedule K, Line 12 |
|
18. |
Expenses related to portfolio income (loss) from |
|
|
|
18 |
|
Federal Form 1065, Schedule K, Line 13(b) and 13(c) |
|
19. |
Other deductions from Federal Form 1065, Schedule K, Line 13(d) |
|
|
|
19 |
12b
12c
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
005
006
007
008
009
0010
0011
0012a
0013
0014
0015
0016
0017
0018
0019
SCHEDULE 2 - APPORTIONMENT PERCENTAGE: COMPLETE ONLY IF PARTNERSHIP HAS INCOME DERIVED FROM OR CONNECTED WITH SOURCES IN DELAWARE AND AT LEAST ONE OTHER STATE AND IF IT HAS ONE OR MORE PARTNERS WHO ARE NOT RESIDENTS IN DELAWARE.
SECTION A - GROSS REAL AND TANGIBLE PERSONAL PROPERTY
COLUMN A |
|
COLUMN B |
|
Delaware Sourced |
|
Total Sourced (All Sources) |
|
Beginning of Year |
End of Year |
Beginning of Year |
End of Year |
1.Total real and tangible property owned..............................................................
2.Real tangible property rented (eight times annual rent paid).................................
3.Total (Combine Lines 1 and 2).........................................................................
4.Less: value at original cost of real and tangible property (see instructions)...........
5.Net Values (Subtract Line 4 from Line 3)..........................................................
6. |
Total (Combine Line 5 Beginning and End of Year Totals) |
6 |
7. |
Average values. (Divide Line 6 by 2) |
7 |
1
2
3
4
5
SECTION B - WAGES, SALARIES,AND OTHER COMPENSATION PAID ORACCRUED TO EMPLOYEES
8. Wages, salaries and other compensation of all employees....................................................
8
SECTION C - GROSS RECEIPTS SUBJECT TO APPORTIONMENT
9.Gross receipts from sales of tangible personal property........................................................
10.Gross income from other sources (see attachment)............................................................
11.Total..............................................................................................................................
9
10
11
SECTION D - DETERMINATION OF APPORTIONMENT PERCENTAGES
12a. Enter amount from Column A, Line 7..............................................................................
=
12b. Enter amount from Column B, Line 7..............................................................................
13a. Enter amount from Column A, Line 8..............................................................................
=
13b. Enter amount from Column B. Line 8..............................................................................
14a. Enter amount from Column A, Line 11.............................................................................
=
14b. Enter amount from Column B, Line 11.............................................................................
15.Total (Combine Apportionment Percentages on Lines 12, 13 and 14)
16.Apportionment percentage (see specific instructions)............................................................................................................................................................................................................................
%
%
%
%
12a
12b
13a
13b
14a
14b
15
16
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. IF PREPARED BY A PERSON OTHER THAN TAXPAYER, THIS DECLARATION IS BASED ON ALL INFORMATION OF WHICH HE/SHE HAS ANY KNOWLEDGE.
SIGNATURE OF PARTNER |
DATE |
|
TELEPHONE NUMBER |
|
||
|
|
|
|
|
|
|
SIGNATURE OF PREPARER |
DATE |
|
TELEPHONE NUMBER |
|
PRINT NAME OF PREPARER |
|
|
|
|
|
|
|
|
PREPARER ADDRESS (STREET, CITY, STATE & ZIP CODE) |
|
|
|
|
PREPARER EIN/SSN/PTIN |
|
MAIL TO: DIVISION OF REVENUE, P.O. BOX 8703, WILMINGTON, DELAWARE
(Revised 01/22/07)
Delaware 300: Usage Guide
Completing the Delaware 300 form is an important task for partnerships operating in the state. Once you have filled out the form, it will need to be submitted to the Division of Revenue in Delaware. Follow these steps carefully to ensure that all necessary information is accurately provided.
- Begin by entering the fiscal year at the top of the form. Specify the start and end dates.
- Fill in the name of the partnership and the employer identification number (EIN).
- Provide the partnership's address, including city, state, and ZIP code.
- Indicate the nature of the business by briefly describing what the partnership does.
- Check the appropriate box to indicate if this is an amended return or if the partnership has been dissolved or is inactive.
- If the partnership address has changed, specify which address is affected (mailing or billing).
- Answer the questions regarding income derived from Delaware sources and whether there are Delaware resident partners. Select 'Yes' or 'No' for each question.
- Enter the total number of partners in the partnership.
- Provide the year the partnership was formed.
- Attach a completed copy of the U.S. Partnership Return of Income (Form 1065) along with all schedules.
- Complete Schedule 1 by entering the ordinary income (loss) from the Federal Form 1065, Schedule K, Line 1.
- Calculate the apportionment percentage using Schedule 2, Line 16, and multiply it by the ordinary income from Line 1 to find the ordinary income apportioned to Delaware.
- Continue filling out Schedule 1 with other income and deductions as listed, ensuring to refer to the corresponding lines on the Federal Form 1065.
- Complete Schedule 2 if applicable, providing details on gross real and tangible personal property, wages, and gross receipts.
- Calculate the apportionment percentages based on the information provided in Schedule 2.
- Sign and date the form, ensuring that the declaration is completed under penalties of perjury.
- If prepared by someone other than the taxpayer, include the preparer's information as required.
- Mail the completed form to the Division of Revenue at the specified address.
Documents used along the form
The Delaware Form 300 is a critical document used by partnerships to report income and deductions for tax purposes. Alongside this form, several other documents are typically required to provide a complete picture of the partnership's financial activities. Below are four commonly associated forms and documents.
- U.S. Partnership Return of Income (Form 1065): This federal form is essential for reporting the income, deductions, gains, and losses of a partnership. It serves as the basis for the Delaware Form 300, as it provides key financial information necessary for state tax calculations.
- Schedule K-1 (Form 1065): Each partner receives this schedule, which details their share of the partnership's income, deductions, and credits. It is crucial for partners to accurately report their individual tax obligations based on the partnership's performance.
- Delaware Form 300 Schedule 1: This schedule is attached to the Delaware Form 300 and outlines the partnership's share of income and deductions both within and outside Delaware. It helps determine the apportionment of income for state tax purposes.
- California Motorcycle Bill of Sale: This form documents the transaction details when selling a motorcycle in California, acting as a receipt and legal record for ownership transfer. For further details, visit smarttemplates.net/fillable-california-motorcycle-bill-of-sale.
- Delaware Form 300 Schedule 2: This schedule calculates the apportionment percentage of the partnership's income that is sourced from Delaware. It is necessary for partnerships operating in multiple states to allocate income correctly for tax reporting.
These documents collectively ensure that partnerships comply with both federal and state tax regulations. Proper completion and submission of each form are vital to avoid penalties and ensure accurate tax reporting.
Key takeaways
When filling out the Delaware 300 form, it is essential to understand several key aspects to ensure compliance and accuracy. Here are nine important takeaways:
- Identify Your Partnership Type: Clearly indicate whether you are filing an amended return or if the partnership has been dissolved or is inactive.
- Income Requirement: If your partnership has income derived from or connected with Delaware sources, you must file a return.
- Partner Information: Be sure to list the total number of partners and the year the partnership was formed.
- Attach Necessary Documents: Include a completed copy of the U.S. Partnership Return of Income (Form 1065) along with all schedules.
- Apportionment Details: Complete Schedule 2 if your partnership has income from Delaware and at least one other state.
- Accurate Income Reporting: Report ordinary income, rental income, and other income accurately as outlined in the form.
- Deductions Matter: Don’t forget to include deductions such as charitable contributions and Section 179 expenses.
- Signature Requirement: Ensure that the form is signed by a partner or preparer, along with their contact information.
- Mailing Instructions: Send the completed form to the Division of Revenue at the specified address in Wilmington, Delaware.
By keeping these points in mind, you can navigate the process of filling out the Delaware 300 form more effectively.
Find More PDFs
Delaware 5403 - The Delaware Division of Revenue processes the information submitted on this form.
Delaware Pardon Application - Be aware of the possibility that your request for a hearing may require approval.
For anyone considering the acquisition of a pet, understanding the importance of a formal agreement is crucial. The process can be simplified by utilizing a comprehensive Dog Bill of Sale document, which serves as a crucial record of the transaction and the dog's ownership transfer. You can find more about this important document in this valuable guide.
Delaware Seller's Permit - Form 373 represents a vital tool for businesses that operate across state lines in Delaware.
File Details
| Fact Name | Fact Details |
|---|---|
| Purpose | The Delaware 300 form is used to file the partnership return for tax purposes. |
| Tax Year | This form is specifically for the tax year 2006. |
| Filing Requirement | A partnership return is required if the partnership has income derived from Delaware sources or has Delaware resident partners. |
| Amended Returns | There is a box to check if the return is amended or if the partnership is dissolved or inactive. |
| Partnership Information | Partnership details such as name, address, and employer identification number must be provided. |
| Income Reporting | Partners must report ordinary income, rental income, and other types of income as specified in the form. |
| Deductions | Eligible deductions, including charitable contributions and Section 179 expense deductions, can be reported on the form. |
| Apportionment | The form includes a section for calculating the apportionment percentage for income derived from Delaware and other states. |
| Signature Requirement | The return must be signed by a partner and the preparer, if applicable, along with their contact information. |
| Governing Law | The Delaware 300 form is governed by Delaware state tax laws. |