(To be filled up by the BIR )

DLN: PSIC: PSOC:

Account
Republika ng Pilipinas
Kagawaran ng Pananalapi
Kawanihan ng Rentas Internas Information Form 1701AIF
July 1999 (ENCS)
(To be accomplished & filed with BIR Form No. 1701
For Self-Employed and Professional Individuals/ unless taxpayer opted for Optional Standard Deduction)
Estate and Trusts (Engaged in Trade or Business)
1 For the Year 2 Category: Taxpayer/Filer Self-Employed Professional Estate Trust

(YYYY) (Mark one) Spouse

Part I Background Information
3 Taxpayer 3
Identification No.
4 Taxpayer's Name (Name of Decedent / Trust Account) (Last Name, First Name, Middle Initial for Individuals)
4

5 Name of Administrator / Trustee (If Individual, Last Name first, followed by First Name and Middle Initial)
5

6A Method of Inventory Valuation 6B Method of Bookkeeping 6C Kind of Books Registered

(Specify) Manual Computerized Loose-leaf Bound

Part II Income Statement

Comparative
Previous Year Current Year
7 Gross Sales/Revenues/Receipts/Fees 7A 7B
8 Share from General Professional Partnership Income 8A 8B
9 Less: Sales Returns and Allowances 9A 9B
Sales Discounts 9C 9D
10 Net Sales/Revenues/Receipts/Fees (Item 7 and 8 less Item 9) 10A 10B
11 Less: Cost of Sales/Services (Schedule 1) 11A 11B
12 Gross Profit from Operations (Item 10 less Item 11) 12A 12B
Add: Non-operating Income
13 Gain from Sales / Exchanges of Real Properties (Sch.4) 13A 13B
14 Gain from Sales / Exchanges of Other Fixed Assets,Scrap, etc. 14A 14B
15 Gain from Sales / Exchanges of Stocks 15A 15B
16 Other Income (Schedule 5) 16A 16B
17 Total Gross Income (Sum of Items 12 to 16) 17A 17B
Less: Expenses
18 Salaries and Allowances 18A 18B
19 Fringe Benefit 19A 19B
20 SSS, GSIS, Medicare, HDMF and Other Contributions 20A 20B
21 Commission 21A 21B
22 Outside Services 22A 22B
23 Advertising 23A 23B
24 Rental 24A 24B
25 Insurance 25A 25B
26 Royalties 26A 26B
27 Repairs and Maintenance 27A 27B
28 Representation and Entertainment 28A 28B
29 Transportation and Travel 29A 29B
30 Fuel and Oil 30A 30B
31 Communication, Light and Water 31A 31B
32 Supplies 32A 32B
33 Interest 33A 33B
34 Taxes and Licenses (Schedule 2) 34A 34B
35 Losses 35A 35B
36 Bad Debts 36A 36B
37 Depreciation 37A 37B
38 Amortization of Intangibles 38A 38B
39 Depletion 39A 39B
40 Charitable Contribution 40A 40B
41 Research and Development 41A 41B
42 Amortization of Pension Trust Contribution 42A 42B
43 Miscellaneous 43A 43B
44 Total Expenses (Sum of Items 18 to 43) 44A 44B
45 Net Income/ (Loss) (Item 17 Less Item 44) 45A 45B

BIR Form 1701AIF (ENCS) - Page 2

Part III Balance Sheet
Assets Beginning Ending
Current Assets
46 Cash on Hand and in Banks 46A 46B
47 Marketable Securities 47A 47B
48 Accounts Receivable - Trade 48A 48B
49 Less: Allowance for Bad Debts 49A 49B
50 Net Accounts Receivable - Trade 50A 50B
51 Other Receivables 51A 51B
Inventory
52 Finished Goods / Merchandise 52A 52B
53 Goods in Process 53A 53B
54 Raw Materials 54A 54B
55 Supplies 55A 55B
56 Total Inventory (Sum of Items 52 to 55) 56A 56B
57 Prepayments 57A 57B
58 Total Current Assets (Sum of Items 46, 47, 50, 51, 56 & 57) 58A 58B
Long-Term Investments
59 Stocks and Bonds 59A 59B
60 Real Estate 60A 60B
61 Others 61A 61B
62 Total Long-Term Investments (Sum of Items 59 to 61) 62A 62B
Fixed Assets
63 Land 63A 63B
64 Building 64A 64B
65 Less: Accumulated Depreciation 65A 65B
66 Net Book Value - Building 66A 66B
67 Other Depreciable Assets 67A 67B
68 Less: Accumulated Depreciation 68A 68B
69 Net Book Value - Other Depreciable Assets (Item 67 less Item 68) 69A 69B
70 Fixed Asset - Appraisal Increase 70A 70B
71 Less:Accum. Dep'n-Appraisal Increase 71A 71B
72 Net Book Value (Item 70 less Item 71) 72A 72B
73 Total Fixed Assets (Sum of Items 63, 66, 69 & 72) 73A 73B
74 Other Assets 74A 74B
75 Total Assets (Sum of Items 58, 62, 73 & 74) 75A 75B
LIABILITIES AND OWNER'S EQUITY
Current Liabilities
76 Accounts Payable - Trade 76A 76B
77 Other Payables 77A 77B
78 Total Current Liabilities (Sum of Items 76 & 77) 78A 78B
Long-Term Liabilities
79 Long-Term Debts 79A 79B
Deferred Credits / Other Liabilities
80 Deferred Credits/Other Liabilities 80A 80B
81 Total Liabilities (Sum of Items 78 to 80) 81A 81B
Owner's Equity
82 Balance, January 1 82A 82B
83 Additional Investment/Donated Capital 83A 83B
84 Net Income/(Loss) 84A 84B
85 Appraisal Capital 85A 85B
86 Drawings 86A 86B
87 Balance, December 31 (Sum of Items 82 to 85 less Item 86) 87A 87B
88 Total Liabilities and Owners Equity ( Sum of Items 81 and 87) 88A 88B
Schedule 1 BREAKDOWN OF COST OF SALES/SERVICES
A. For Trading Entity:

89 Merchandise Inventory, Beginning 89A 89B

90 Add: Purchases 90A 90B
91A/B Add: Freight In 91A 91B
91C/D Less: Purchase Returns and Allowances 91C 91D
91E/F Purchase Discounts 91E 91F
91G/H Net Purchases 91G 91H
92 Goods Available for Sale (Sum of Items 89 & 91D) 92A 92B
93 Less: Merchandise Inventory, Ending 93A 93B
94 Total Cost of Sales (Item 92 less item 93) 94A 94B

BIR Form 1701AIF(ENCS) - Page 3

BREAKDOWN OF COST OF SALES/SERVICES (continuation)
B. For Manufacturing Entity:
95 Raw Materials Inventory, Beginning 95A 95B
96 Add: Purchases 96A 96B
97A/B Add: Freight In 97A 97B
97C/D Less: Purchase Returns and Allowances 97C 97D
 97E/F Purchase Discounts 97E 97F
97G/H Net Purchases 97G 97H
98 Raw Materials Available For Use (Sum of Items 95 & 97 ) 98A 98B
99 Less: Raw Materials Inventory, Ending 99A 99B
100 Total Raw Materials Used ( Item 98 less Item 99) 100A 100B
101 Direct Labor 101A 101B
102 Manufacturing Overhead:
103 Supervision & Indirect Labor 103A 103B
104 Supplies 104A 104B
105 Rental 105A 105B
106 Outside Services 106A 106B

107 Communication, Light & Water 107A 107B

108 Taxes and Licenses (Schedule 2) 108A 108B
109 Depreciation 109A 109B
110 Others 110A 110B

111 Total Manufacturing Overhead (Sum of Items 103 to 110) 111A 111B

112 Total Manufacturing Costs (Sum of Items 100, 101 & 111) 112A 112B
113 Add: Work in Process, Beginning 113A 113B
114 Less: Work in Process, Ending 114A 114B
115 Total Cost of Goods Manufactured 115A 115B
116 Add: Finished Goods Inventory, Beginning 116A 116B
117 Less: Finished Goods Inventory, Ending 117A 117B

118 Total Cost of Goods Manufactured & Sold 118A 118B

C. For Service Entity:
119 Direct Charges - Salaries, Wages & Benefits 119A 119B
120 Direct Charges - Materials & Supplies 120A 120B
121 Direct Charges - Rental 121A 121B
122 Direct Charges - Depreciation (Schedule 4) 122A 122B
123 Direct Charges - Outside Services 123A 123B
124 Direct Charges - Others 124A 124B
125 Total Cost of Services (Sum of Items 119 to 124) 125A 125B

Schedule 2 Schedule of Taxes and Licenses

Kind of Tax Official Receipt No. Date Paid Amount
126A 126B 126C 126D
127A 127B 127C 127D
128A 128B 128C 128D
129A 129B 129C 129D
130A 130B 130C 130D
131A 131B 131C 131D
132A 132B 132C 132D

133A 133B 133C 133D

134A 134B 134C 134D

135 Total 135D

Schedule 3 Schedule of Income - producing Properties

Property Nature of Income Amount of Income
136A 136B 136C
137A 137B 137C
138A 138B 138C
139A 139B 139C

140A 140B 140C

141A 141B 141C

142A 142B 142C

143A 143B 143C

144A 144B 144C

145 Total 145

 BIR Form No. 1701AIF (ENCS) - Page 4
Schedule 4 Sales / Exchanges of Real Properties - (Attach Additional Sheets, if Necessary)
Description of Property Selling Price/Fair Market Value Costs & Expenses/Book Value Gain / (Loss) Creditable Tax Withheld Capital Gains Tax Paid
146A 146B 146C 146D 146E 146F

147A 147B 147C 147D 147E 147F

148A 148B 148C 148D 148E 148F

149A 149B 149C 149D 149E 149F

150 Total 150A 150B 150C

Schedule 5 Schedule of Other Income (Note: If income is tax-exempt, place an "X" under the Exempt column)
Nature of Income Amount of Income Creditable Tax Withheld Final Tax Withheld /Paid Exempt

151 Interest 151A 151B 151C 151D

152 Rental 152A 152B 152C 152D
153 Fees/Commission 153A 153B 153C 153D
154 Dividend 154A 154B 154C 154D
Income from Other Sources:
155 155A 155B 155C 155D
156 156A 156B 156C 156D
157 157A 157B 157C 157D
158 Total 158A 158B 158C 158D

Schedule 6 ( For Estates and Trusts ) Payments to Heirs/Beneficiaries (Attach Additional Sheets if Necessary)
Name TIN Amount Tax Withheld

159A 159B 159C 159D

160A 160B 160C 160D

161A 161B 161C 161D

162A 162B 162C 162D

163 Total 163A 163B

I declare, under the penalties of perjury, that this return has been made in good faith, verified by me, and to the best of my knowledge and belief,
is true and correct, pursuant to the provisions of the National Internal Revenue Code, as amended, and the regulations issued under authority thereof.

164
Taxpayer's Signature Over Printed Name
Note: Attach additional sheets, if necessary
* If Taxpayer's income is from long-term contracts, the tax return shall, likewise, be accompanied by Certificates of Percentage
of Completion during the taxable year of the projects performed under existing contracts issued and signed by the Architect or Engineer.
* Husband and wife earning business and/or professional income shall accomplish separate Account Information Forms
(Form 1701AIF-1) for their respective businesses/professions.
* Attach additional sheets to the Income Tax Returns and Account Information Forms, if necessary