Instructions for Form 1120-FSC |
2006 Tax Year |
Instructions for Form 1120-FSC - Additional Material
This is archived information that pertains only to the 2006 Tax Year. If you are looking for information for the current tax year, go to the Tax Prep Help Area.
Principal Business Activity Codes
This list of principal business activities and their associated codes is designed to classify an enterprise by the type of
activity in which it
is engaged to facilitate the administration of the Internal Revenue Code. These principal business activity codes are based
on the North American
Industry Classification System.
Using the list of activities and codes below, determine from which activity the FSC derives the largest percentage of its
“total receipts.”
Total receipts is defined as the sum of the foreign trading gross receipts on Form 1120-FSC, page 3, Schedule B, line 6a,
and the total income on page
4, Schedule F, lines 4 and 17. If the FSC's largest percentage of its total receipts is derived from the wholesale trading
of durable goods, the FSC
must use one of the corresponding codes from the list below (423100-423990).
Once the principal business activity is determined, entries must be made on Form 1120-FSC, page 2, Additional Information,
lines 1a, 1b, and 1c.
For the business activity code number, enter the six digit code selected from the list below. On line 1b, enter a brief description
of the FSC's
business activity. Finally, enter a description of the principal product or service of the FSC on line 1c.
Merchant Wholesalers, Durable Goods
423100 - Motor Vehicle & Motor Vehicle Parts & Supplies423200 - Furniture & Home Furnishings423300 - Lumber & Other Construction Materials423400 - Professional & Commercial Equipment & Supplies423500 - Metal & Mineral (except Petroleum)423600 - Electrical & Electronic Goods423700 - Hardware, & Plumbing & Heating Equipment & Supplies423800 - Machinery, Equipment, & Supplies 423910 - Sporting & Recreational Goods & Supplies423920 - Toy & Hobby Goods & Supplies423930 - Recyclable Materials423940 - Jewelry, Watch, Precious Stone, & Precious Metals423990 - Other Miscellaneous Durable Goods
Merchant Wholesalers, Nondurable Goods
424100 - Paper & Paper Products424210 - Drugs & Druggists' Sundries424300 - Apparel, Piece Goods, & Notions424400 - Grocery & Related Products424500 - Farm Product Raw Materials424600 - Chemical & Allied Products424700 - Petroleum & Petroleum Products424800 - Beer, Wine, & Distilled Alcoholic Beverages424910 - Farm Supplies424920 - Book, Periodical, & Newspapers424930 - Flower, Nursery Stock, & Florists' Supplies424940 - Tobacco & Tobacco Products424950 - Paint, Varnish, & Supplies424990 - Other Miscellaneous Nondurable Goods
Wholesale Electronic Markets and Agents and Brokers
425110 - Business to Business Electronic Markets425120 - Wholesale Trade Agents & Brokers
Publishing Industries (except Internet)
511110 - Newspaper Publishers511120 - Periodical Publishers511130 - Book Publishers511140 - Directory & Mailing List Publishers511190 - Other Publishers511210 - Software Publishers
Motion Picture and Sound Recording Industries
512100 - Motion Picture & Video Industries (except video rental)512200 - Sound Recording Industries
Broadcasting (except Internet)
515100 - Radio & Television Broadcasting515210 - Cable & Other Subscription Programming
Internet Publishing and Broadcasting
516110 - Internet Publishing & Broadcasting
517000 - Telecommunications (including paging, cellular, satellite, cable & other program distribution, resellers, & other
telecommunications)
Internet Service Providers, Web Search Portals, and Data Processing Services
518111 - Internet Service Providers518112 - Web Search Portals518210 - Data Processing, Hosting, & Related Services
Other Information Services
519100 - Other Information Services (including news syndicates & libraries)
Rental and Leasing Services
532100 - Automotive Equipment Rental & Leasing532210 - Consumer Electronics & Appliances Rental532220 - Formal Wear & Costume Rental532230 - Video Tape & Disc Rental532290 - Other Consumer Goods Rental532310 - General Rental Centers532400 - Commercial & Industrial Machinery & Equipment Rental & Leasing
Architectural, Engineering, and Related Services
541310 - Architectural Services541320 - Landscape Architecture Services541330 - Engineering Services541340 - Drafting Services541350 - Building Inspection Services541360 - Geophysical Surveying & Mapping Services541370 - Surveying & Mapping (except Geophysical) Services541380 - Testing Laboratories
Other Professional Services
541600 - Management Consulting Services
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