North Dakota S Corp Income Tax Return

S Corp Income Tax Return
Form 60 - S Corporation Income Tax Return (2023)
S CORPORATION INCOME TAX RETURN
OFFICE OF STATE TAX COMMISSIONER

Form 60

SFN 28717 (12-2023)

2023
A Tax year:

Calendar year 2023 or

Fiscal year beginning

, 2023, and ending

B Corporation's Name (Legal)

, 20

C Federal
EIN *

Doing Business As Name (If Different From Legal Name)

D Business Code No.
(see instructions)

Mailing Address

E Date
Incorporated

Apt. Or Suite
State

City

ZIP Code

G TOTAL number of shareholders
Enter number of
Resident individual
shareholders

Trust/estate
shareholders

Nonresident individual
shareholders

Tax-exempt
organization

Month

Day

Year

F Check all that apply:
Initial return

Amended return

Final return

Extension

Farming/ranching
corporation
Composite return

H Does this return include a qualified subchapter S subsidiary (QSSS)? If "Yes," attach a statement listing the
name and federal employer identification number of each QSSS

Yes

No

Before completing lines 1 through 13 on this page, complete the applicable schedules on pages 2 through 5.
After completing Form 60, complete North Dakota Schedule K-1 (Form 60) for the shareholders.
1. Tax on excess net passive income and built-in gains, if any (from page 2, Schedule BG, line 8)

1

2. Income tax withheld from nonresident shareholders (from page 5, Schedule KS, line 3)

2

3. Composite income tax for electing nonresident shareholders (from page 5, Schedule KS, line 4)

3

4. Total taxes due. Add lines 1, 2, and 3

4

Tax paid
5. North Dakota income tax withheld shown on a Form 1099 and/or North Dakota Schedule K-1
received by corporation (Attach Form 1099 and/or ND Schedule K-1)

5

6. Estimated tax paid on 2023 Forms 60-ES and 60-EXT plus any overpayment applied from 2022
return (If an amended return, enter total taxes due from line 4 of previously filed return)

6

7. Total payments. Add lines 5 and 6

7

8. Overpayment. If line 7 is more than line 4, subtract line 4 from line 7 and enter result; otherwise,
go to line 11. If result is less than $5.00, enter 0

8

9. Amount of line 8 to be applied to 2024 estimated tax

9

10. Refund. Subtract line 9 from line 8. If result is less than $5.00, enter 0

REFUND

11. Tax due. If line 7 is less than line 4, subtract line 7 from line 4. If result is less than $5.00,
enter 0
12. Penalty

Interest

10

11

Enter total penalty and interest 12

13. Balance due. Add lines 11 and 12

BALANCE DUE 13

Attach copy of 2023 Form 1120S (including Schedule K-1s) and copy of ND Schedule K-1s
I declare that this return is correct and complete to the best of my knowledge and belief.
Date

Signature Of Officer

Telephone Number

Print Name Of Officer

I authorize the ND Office of State Tax Commissioner to
discuss this return with the paid preparer. (See instr.)
For Tax
Department
Use Only

Date

Paid Preparer Signature
Print Name Of Paid Preparer

* Privacy Act Notice-See inside front cover of booklet

PTIN

Mail to: Office of State Tax Commissioner
600 E. Boulevard Ave., Dept. 127
Bismarck, ND 58505-0599

Telephone Number

SCOR

2023 Form 60
SFN 28717 (12-2023), Page 2
Enter Name Of Corporation

Schedule FACT

Federal Employer Identification Number

Calculation of North Dakota apportionment factor

IMPORTANT: All corporations must complete the applicable portions of this schedule.
See Schedule FACT instructions in Form 60 booklet.

Property factor

Column 3
Factor

Column 2
North Dakota

Column 1
Total

Average value at original cost of real and tangible
personal property used in the business. Exclude
construction in progress.

(Col. 2 ÷ Col. 1)

1. Inventories

1

2. Buildings and other fixed depreciable assets

2

3. Depletable

3

4. Land

4

5. Other assets (Attach schedule)

5

6. Rented property (Annual rental x 8)

6

7. Total property. Add lines 1 through 6

7

Result must be
carried to six
decimal places

Payroll factor
8. Wages, salaries, commissions and other compensation
of employees reported on Federal Form 1120S (If the
amount reported in Column 2 does not agree with the
total compensation reported for North Dakota
unemployment insurance purposes, attach an
explanation)

8

Sales factor
9

9. Gross receipts or sales, less returns and allowances

10. Sales delivered, shipped, or assignable to North Dakota destinations

10

11. Sales shipped from North Dakota to the U.S. Government, or to
purchasers in a state or foreign country where the corporation does
not have a filing requirement

11

12. Total sales. Add lines 9 through 11

12

13. Sum of factors. Add lines 7, 8, and 12 in Column 3

13

14. Apportionment factor - Divide line 13 by 3.0; however, if line 7, 8, or 12 of Column 1 is zero,
divide line 13 by the number of factors (on lines 7, 8, and 12) showing an amount greater than
zero in Column 1

14

Schedule BG Tax in excess passive income and built-in gains
1. Excess net passive income subject to federal tax on Federal Form 1120S

1

2. Built-in gains subject to federal tax on Federal Form 1120S, Schedule D

2

3. Add lines 1 and 2

3

4. Apportionment factor from Schedule FACT, line 14

4

5. North Dakota apportioned income. Multiply line 3 by line 4

5

6. North Dakota NOL deduction from worksheet in instructions (Attach worksheet)

6

7. North Dakota taxable income. Subtract line 6 from line 5

7

8. Tax from 2023 Tax Rate Schedule in instructions. Enter on Form 60, page 1, line 1

8

2023 Form 60
SFN 28717 (12-2023), Page 3
Enter Name Of Corporation

Schedule K

Federal Employer Identification Number

Total North Dakota adjustments, credits, and other items
distributable to shareholders
All corporations must complete this schedule

Important! All taxpayers must read this section. If the corporation is claiming a deduction or credit on line 2, 3, 4a,
4b, 4c, 5, 6, 7, 8, 9a, 10, 12a, 17, or 18 of this schedule, this section must be completed. See "Property tax clearance" in
instructions for details.
► Does the corporation or any of its officers responsible for state tax matters hold a 50 percent or more
ownership interest in real property located in North Dakota?
Yes

No

If yes, enter below the name of each North Dakota county in which the corporation or any officers responsible for state
tax matters hold a 50% or more interest in real property:
Attach to Form 60 the completed Property Tax Clearance Record(s) obtained from each county identified above.

North Dakota subtraction adjustments
1. Interest from U.S. obligations

1

2. Renaissance zone business or investment income exemption (Attach Schedule RZ)

2

3. New or expanding business income exemption (Attach documentation)

3

North Dakota tax credits
4. Renaissance zone tax credits: (Attach Schedule RZ)
a. Historic property preservation or renovation tax credit

4a

b. Renaissance fund organization investment tax credit

4b

c. Nonparticipating property owner tax credit

4c

5. Seed capital investment tax credit (Attach documentation)

5

6. Agricultural commodity processing facility investment tax credit (Attach documentation)

6

7. Biodiesel or green diesel fuel blending tax credit (Attach documentation)

7

8. Biodiesel or green diesel fuel sales equipment tax credit (Attach documentation)

8
9a

9. a. Employer internship program tax credit (Attach documentation)
b. Number of eligible interns hired in 2023

9b

c. Total compensation paid to eligible interns in 2023

9c
10

10. Research expense tax credit (Attach documentation)
11. a.

11a

Endowment fund tax credit from Schedule QEC, line 7 (Attach Schedule QEC)

b. Contribution amount from Schedule QEC, line 4

11b

c. Endowment fund tax credit from ND Schedule K-1 (Attach ND Schedule K-1)
d. Contribution amount from ND Schedule K-1
12. a.

11c
11d
12a

Workforce recruitment tax credit (Attach documentation)

b. Number of eligible employees whose 12th month of employment ended
in 2022

12b

c. Total compensation paid for first 12 months of employment to eligible
employees included on line 12b

12c

2023 Form 60
SFN 28717 (12-2023), Page 4
Enter Name Of Corporation

Federal Employer Identification Number

Schedule K continued . . .

13. Credit for wages paid to a mobilized employee (Attach Schedule ME or ND Schedule K-1)

13

14. Nonprofit private primary school tax credit (Attach documentation)

14

15. Nonprofit private high school tax credit (Attach documentation)

15

16. Nonprofit private college tax credit (Attach documentation)

16

17. Angel investor investment tax credit - only for credits attributable to investments made in qualified
businesses by angel funds organized and certified after June 30, 2017 (Attach documentation)

17

18. Automation tax credit

18

19. Developmentally disabled/mentally ill employee tax credit

19

20. Maternity home, child placement agency, or pregnancy help center credit (Attach documentation)

20
21a

21. a. Apprentice tax credit (Attach documentation)
b. Number of eligible apprentices employed in 2023

21b

c. Total compensation paid to eligible apprentices in 2023

21c

Other items
Line 22 only applies to a multistate corporation
22. a. Total allocable income from all sources (net of related expenses)
b. Portion of line 22a that is allocable to North Dakota

22a
22b

Line 23 applies to all corporations
23. For disposition(s) of I.R.C. Section 179 property, enter the North Dakota apportioned amounts:
a. Gross sales price or amount realized

23a

b. Cost or other basis plus expense of sale

23b

c. Depreciation allowed or allowable (excluding I.R.C. Section 179 deduction)

23c

d. I.R.C. Section 179 deduction related to property that was passed through to partners

23d

2023 Form 60
SFN 28717 (12-2023), Page 5
Enter Name Of Corporation

Schedule KS

Federal Employer Identification Number

Shareholder information

All corporations must complete this schedule. Complete Columns 1 through 5 for all shareholders. Complete Column 6 for a nonresident
shareholder. If applicable, complete Column 7 or Column 8 for a nonresident shareholder. See instructions for the definition of a "nonresident
shareholder," which includes entities other than individuals.

All Shareholders
Column 1

Partner

Name and address of shareholder

If additional lines are needed,
attach additional pages

Column 2

Column 3

Column 4

Social Security
Number/FEIN

(See instructions)

Type of entity

Ownership
%

Name

A

State

Address

Zip Code

Name

B

State

Address

Zip Code

Name

C

State

Address

Zip Code

Name

D

Address

State

Zip Code

State

Zip Code

State

Zip Code

State

Zip Code

Name

E

Address
Name

F

Address
Name

G

Address

Shareholder

All Shareholders

Nonresident Shareholders Only

Complete Column 5
for ALL shareholders

Important: Columns 6 through 8 are for a NONRESIDENT SHAREHOLDER only.
See instructions for which shareholders to include in Columns 6, 7, and 8.

Column 5

Column 6

Federal distributive
share of income (loss)

North Dakota
distributive share of
income (loss)

Column 7

Column 8

North Dakota
North Dakota
Form PWA or
income tax
Form PWE composite income
withheld (2.50%) (Attach copy)
tax (2.50%)

A
B
C
D
E
F
G
1 Total for Column 5
2 Total for Column 6

NA

1

NA

2

3 Total for Column 7. Enter this amount on Form 60, page 1, line 2
4 Total for Column 8. Enter this amount on Form 60, page 1, line 3

NA

NA

3
4