This document provides instructions for completing Form CDN, the Nebraska Community Development Assistance Act Credit Computation form. It explains who must file the form, when and where to file it, and how to complete each part of the form. Key details include:
- The form is used to claim a tax credit for contributions to community betterment projects approved by the Nebraska Department of Economic Development.
- It must be attached to income or deposit tax returns filed with the Nebraska Department of Revenue.
- Part A is completed by all claimants to calculate the credit amount. Parts B and C allocate credit amounts among partners or shareholders.
- Unused credit can be carried forward for up to 5 years. Records must be kept for
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
What are the main advantages of using HR recruiter services.pdf
revenue.ne.gov tax current f_cdn
1. NEBRASKA COMMUNITY DEVELOPMENT ASSISTANCE ACT FORM CDN
CREDIT COMPUTATION
2008
for use with Form 1040N, Form 1041N, Form 1065N, Form 1120N, Form 1120NF, and Form 1120-SN
Name as Shown on Return Social Security No. or Nebraska I.D. No.
Type of Nebraska Return 1040N 1041N 1065N 1120N 1120NF 1120-SN
PART A — Computation of the Credit
1 Community Development Assistance Act credit approved this year (attach Form 1099NTC)
(individuals, partnerships, fiduciaries, S corporations, and limited liability companies (LLCs), see instructions).... 1
2 Unused credit carried over from 2003 through 2007 (list year[s] ) ........................... 2
3 Total of your share of distributed credits from line 14 below.................................................................................... 3
4 Total of lines 1, 2, and 3 .......................................................................................................................................... 4
5 Nebraska tax liability (line 17, Form 1040N; line 12, Form 1041N; line 13, Form 1120N;
or line 11, Form 1120NF) ........................................................................................................................................ 5
6 Nebraska personal exemption credit (line 19, Form 1040N) ...................................... 6
7 Credit for tax paid to another state (line 20, Form 1040N; or line 15,
7
Form 1041N) ..............................................................................................................
8 Credit for the elderly or disabled (line 21, Form 1040N)............................................. 8
9 Form 3800N nonrefundable credit (line 23, Form 1040N; line 18, Form 1041N;
or line 17, Form 1120N) ............................................................................................. 9
10 Other credits:
a Nebraska child/dependent care credit (line 24, Form 1040N) ................................. 10a
b Nebraska Charitable Endowment Tax credit (line 25, Form 1040N; line 16,
Form 1041N; or line 15, Form 1120N) ..................................................................... 10b
c Credit for Financial Institution Tax ..............................................................................10c
11 Line 5 minus the total of lines 6 through 10c (if the total is greater than line 5, see instructions) ........................... 11
12 Nebr. Community Development Assistance Act credit claimed for 2008 (line 4 or line 11, whichever is less).
Enter here and on line 22, Form 1040N; line 17, Form 1041N; line 16, Form 1120N; or line 12, Form 1120NF .... 12
13 Amount to be carried forward to 2009 (line 4 minus line 12) ................................................................................... 13
PART B — For Partners, S Corporation Shareholders, Certain Fiduciary Beneficiaries, and Members of LLCs Only
14 If any of the credit is from a partnership, S corporation, limited liability company, or fiduciary that distributes its income currently, enter in
the space provided the name, address, Nebraska identification number, federal identification number, and your share of the credit of
each partnership, S corporation, limited liability company, or fiduciary.
Name Address Nebraska I.D. Number Federal I.D. Number Share of Credit
TOTAL of Your Share of Distributed Credits (enter here and on line 3 above)
PART C — For Partnerships, S Corporations, Certain Fiduciaries, and Limited Liability Companies Only
15 Distribution of Community Development Assistance Act credit among partners, shareholders, beneficiaries, and members of
LLCs. Enter in the space provided the partner’s, shareholder’s, beneficiary’s, or member’s name, social security number or federal
identification number, share of income or ownership, and appropriate share of the credit.
Names of Partners, Shareholders, Beneficiaries , and Members Social Security No. or Federal I.D. No. Share of Income or Ownership Share of Credit
TOTALS 100%
ATTACH THIS FORM TO NEBRASKA INCOME OR DEPOSITS TAX RETURN
SAVE
RESET PRINT
www.revenue.ne.gov, (800) 742-7474 (toll free in NE and IA), (402) 471-5729
8-420-2008
2. INSTRUCTIONS
corporation will also complete the remainder of Part A. If
WHO MUST FILE. Any eligible claimant must file the
you are a partner, shareholder of an S corporation, beneficiary
Nebraska Community Development Assistance Act Credit
of a fiduciary that distributes its income currently, or a
Computation, Form CDN, to claim a credit.
member of an LLC which is taxed as a partnership, also
WHEN AND WHERE TO FILE. This computation must be
complete Part B. Partnerships, S corporations, LLCs which
completed and attached to the income or deposits tax return
are taxed as partnerships, and fiduciaries that distribute their
filed with the Nebraska Department of Revenue.
income currently will complete Part C in addition to lines 1
ELIGIBLE CLAIMANTS. The Community Development through 4 of Part A.
Assistance Act credit may be claimed by individuals or
LINE 1. Enter the amount of the tax credit approved by
business firms which have been granted the tax credit
the Nebraska Department of Economic Development
by the Nebraska Department of Economic Development
which is reflected on Form 1099NTC. Attach a copy of
(DED). The credit is given for contributions to projects
Form 1099NTC to your income tax return. If no credit was
of community betterment organizations approved by
granted in 2008, but Form CDN is being completed to claim
DED. Corporations, individuals, fiduciaries, partnerships,
unused credit carried forward from 2003 through 2007,
S corporations, and limited liability companies conducting
enter zero on line 1. Complete lines 2 through 13 where
business activity may be eligible for the credit; or sole
applicable.
proprietors may also be eligible. This includes insurance
companies paying in lieu of intangible tax or financial LINE 2. Enter the amount, if any, from line 13 of your 2007
institutions paying the deposits tax. Form CDN less any unused credit from 2002. Partnerships,
S corporations, LLCs taxed as partnerships and fiduciaries
For additional information on the Community Development
that distribute income currently must also distribute all
Assistance Act credit, please contact the Nebraska
credits currently and therefore, should enter zero.
Department of Economic Development, Community and
Rural Development Division, P.O. Box 94666, Lincoln, LINE 11. If the total of lines 6 through 10c is larger than the
Nebraska 68509-4666, or you may call (402) 471-3775 amount on line 5, these credit amounts must be recomputed.
or (800) 426-6505. Please do not contact the Nebraska Refer to the appropriate instructions for individuals on
Department of Revenue. Form 1040N.
FISCAL YEAR TAXPAYERS. Credit is to be claimed LINE 13. Subtract line 12 from line 4. Any unused credit
on this form for contributions made during the tax year may be carried forward for the next five years after the credit
beginning in 2008. The contribution made to the community was first granted.
betterment organization’s approved program must qualify
PART B. If you are a partner, shareholder, beneficiary, or
as a charitable contribution deduction on the individual’s
member of an LLC who was allowed any of the credit of a
or business firm’s 2008 federal income tax return, or be
partnership, S corporation, LLC, or fiduciary that distributes
approved by the Department of Economic Development.
its income currently, list the name, address, Nebraska
AMENDED RETURNS. Form CDN marked “Amended” identification number, federal identification number, and
must be attached to the amended return whenever the credit your share of the credits from each entity which was allowed
was claimed on an original return. If the amount of the such credit.
carryover was changed, amended returns must be filed for
PART C. Each partnership, S corporation, LLC which
all years affected by the change.
is taxed as a partnership, and fiduciary that distributes its
RECORDS. All claimants must retain records regarding income currently must enter the name, identification number
their contributions for at least three years after claiming a or social security number, share of income or ownership, and
credit or utilizing a carryover. share of the credit for each partner, shareholder, member,
or beneficiary. The share of the credit is determined by
SPECIFIC INSTRUCTIONS
multiplying the amount of line 4 by the share of income
PART A. All claimants will complete lines 1 through 4 of
ownership of each partner, shareholder, member, or
Part A. An individual, corporation, fiduciary that does not
beneficiary.
distribute its income currently, or LLC which is taxed as a