Helen M. Korchak - Page 16

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          8 10% of line 5 . . . . . . . . . . . . . . . . . . . . . . .  59,835       

                    *       *       *       *       *       *       *                 

          14 Current year regular investment credit - Add lines 8                     
          through 13[10]. . . . . . . . . . . . . . . . . . . . . . . .  59,835       
                    *       *       *       *       *       *       *                 

          17 Tentative regular investment credit - Add lines 14, 15,                  
          and 16[11] . . . . . . . . . . . . . . . . . . . . . . . . . .  59,835      
               Form 3468, “PART IV. - Tax Liability Limitations”, showed              
          the following:                                                              

          18 a Individuals - From Form 1040, enter tax from line 38,    )             
          page 2, plus any additional taxes from Form 4970 . . . . )                  
          b Estates and trusts - From Form 1041, enter tax from line )                
          26a, plus any section 644 tax on trusts . . . . . . . . .)116,492            
          c Corporations (1120 filers) - From Form 1120, Schedule    )                
          J, enter tax from line 3 . . . . . . . . . . . . . . . . )                  
          d Other organizations - Enter tax before credits from      )                
          return . . . . . . . . . . . . . . . . . . . . . . . . . )                   
          19 a Individuals - From Form 1040, enter credits from lines 41)             
          and 42 of page 2  . . . . . . . . . . . . . . . . . . . .)                  
          b Estates and trusts - From Form 1041, enter any foreign   )                
          tax credit from line 27a . . . . . . . . . . . . . . . . )                  
          c Corporations (1120 filers) - From Form 1120, Schedule    )0                  
          J, enter any foreign tax credit from line 4(a), plus     )                  
          any possessions tax credit from line 4(f) . . . . . . . .)                  
          d Other organizations - Enter any foreign or possessions   )                
          tax credit . . . . . . . . . . . . . . . . . . . . . . . )                  
          20 Income tax liability as adjusted (subtract line 19 from line             
          18). . . . . . . . . . . . . . . . . . . . . . . . . . . . . 116,492        
          21 a Enter smaller of line 20 or $25,000. See instruction for               
          line 21  . . . . . . . . . . . . . . . . . . . . . . . . .25,000             
          b If line 20 is more than $25,000 - Enter 90% of the                        
          excess . . . . . . . . . . . . . . . . . . . . . . . . . 82,343             

          22 Regular investment credit limitation - Add lines 21a                     
          and 21b . . . . . . . . . . . . . . . . . . . . . . . . . . 107,343         
          23 Allowed regular investment credit - Enter the smaller of                 
          line 17 or line 22 . . . . . . . . . . . . . . . . . . . . .  59,835        


               10No entries were made on lines 9 through 13 of Form 3468.             
               11No entries were made on lines 15 and 16 of Form 3468.                



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Last modified: May 25, 2011