Form 1120(2013)
Schedule C
NEW HORIZONS HOLDINGS INC
90-0070390
Dividends and Special Deductions (see instructions)
1
Dividends from less-than-20%-owned domestic corporations (other than debt-financed
2
Dividends from 20%-or-more-owned domestic corporations (other than debt-financed
(a) Dividends
received
(b)%
Page2
(c) Special deductions
(a) x (b)
70
80
see
instructions
4
Dividends on certain preferred stock of less-than-20%-owned public utilities
42
5
Dividends on certain preferred stock of 20%-or-more-owned public utilities
48
6
Dividends from less-than-20%-owned foreign corporations and certain FSCs
7
Dividends from 20%-or-more-owned foreign corporations and certain FSCs
70
. . . .
80
100
9
10
Total. Add lines 1 through 8. See instructions for limitation
Dividends from domestic corporations received by a small business investment
100
100
100
13
Dividends from foreign corporations not included on lines 3, 6, 7, 8,11, or 12
14
Income from controlled foreign corporations under subpart F (attach Form(s) 5471)
16
IC-DISC and former DISC dividends not included on lines 1, 2, or 3
19
Total dividends. Add lines 1 through 17. Enter here and on page 1, line 4
EEA
. .
•
Form 1120 (2013)
Form1120(2013)
Schedule J
90-0070390
NEW HORIZONS HOLDINGS INC
Tax Computation and Payment
Part I - Tax Computation
Check if the corporation is a member of a controlled group (attach Schedule O (Form 1120))
1
Income tax. Check if a qualified personal service corporation (see instructions)
. . .
2
3
4
5a
b
c
d
e
6
7
8
9a
b
c
Add lines 2 and 3
Foreign tax credit (attach Form 1118)
Credit from Form 8834 (see instructions)
5a
5b
5c
General business credit (attach Form 3800)
Credit for prior year minimum tax (attach Form 8827)
5d
Bond credits from Form 8912
Total credits. Add lines 5a through 5e
Subtract line 6 from line 4
Personal holding company tax (attach Schedule PH (Form 1120))
Recapture of investment credit (attach Form 4255)
Recapture of low-income housing credit (attach Form 8611)
Interest due under the look-back method - completed long-term contracts (attach
8866)
e Alternative tax on qualifying shipping activities (attach Form 8902)
f Other (see instructions - attach statement)
10 Total. Add lines 9a through 9f
11 Total tax. Add lines 7, 8, and 10. Enter here and on page 1, line 31
Part II - Payments and Refundable Credits
12 2012 overpayment credited to 2013
. . . . .
13 2013 estimated tax payments
2013
refund
applied
for
on
Form
4466
14
15 Combine lines 12,13, and 14
. . . . ,
16 Tax deposited with Form 7004
Withholding
(see
instructions)
.
. . . ,
17
Total
payments.
Add
lines
15,
16,
and
17
18
Refundable
credits
from:
19
a Form 2439
b Form 4136
c Form 8827, line 8c
21
TTJ
• •
Alternative minimum tax (attach Form 4626)
Form 8697)
Interest due under the look-back method - income forecast method (attach Form
20
Total credits. Add lines 19a through 19d
Total payments and credits. Add lines 18 and 20. Enter here and on page 1, line 32
Schedule K
5e
9a
9b
9c
9d
9e
9f
10
11
12
13
14
15
16
17
18
19a
19b
19c
19d
20
21
Other Information (see instructions)
Check accounting method
a H Cash b
See the instructions and enter the:
Business activity code no. • 212200
Business activity •
MINING
Product or service •
METAL ORE
D Accrual
c Q Other (specify) •
Is the corporation a subsidiary in an affiliated group or a parent-subsidiary controlled group?
If "Yes," enter name and EIN of the parent corporation
•
4
At the end of the tax year:
a Did any foreign or domestic corporation, partnership (including any entity treated as a partnership), trust, or tax-exempt
organization own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of the
corporation's stock entitled to vote? If "Yes," complete Part I of Schedule G (Form 1120) (attach Schedule G)
. . .
b Did any individual or estate own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all
classes of the corporation's stock entitled to vote? If "Yes," complete Part II of Schedule G (Form 1120) (attach Schedule G)
E;EA
Page 3
(see instructions)
X
X
X
Form 1120 (2013)
Form 1120 (2013)
Schedule K |
90-0070390
NEW HORIZONS HOLDINGS INC
Page 4
Other Information continued (see instructions)
Yes
5
a
At the end of the tax year, did the corporation:
Own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of stock entitled to vote of
any foreign or domestic corporation not included on Form 851, Affiliations Schedule? For rules of constructive ownership, see instructions
If "Yes," complete (i) through (iv) below,
(i) Name of Corporation
(ii) Employer
Identification Number
•
(if any)
(iii) Country of
incorporation
(iv) Percentage
Owned in Voting
Stock
b Own directly an interest of 20% or more, or own, directly or indirectly, an interest of 50% or more in any foreign or domestic partnership
X
(including an entity treated as a partnership) or in the beneficial interest of a trust? For rules of constructive ownership, see instructions
If "Yes," complete (i) through (iv) below
(I) Name of Entity
(ii) Employer
Identification Number
(if any)
(iii) Country of
Organization
(iv) Maximum
Percentage Owned in
Profit, Loss, or Capital
6
During this tax year, did the corporation pay dividends (other than stock dividends and distributions in exchange for stock) in
7
excess of the corporation's current and accumulated earnings and profits? (See sections 301 and 316.)
If "Yes," file Form 5452, Corporate Report of Nondividend Distributions.
If this is a consolidated return, answer here for the parent corporation and on Form 851 for each subsidiary.
At any time during the tax year, did one foreign person own, directly or indirectly, at least 25% of (a) the total voting power of all
classes of the corporation's stock entitled to vote or (b) the total value of all classes of the corporation's stock?
For rules of attribution, see section 318. If "Yes," enter:
(i) Percentage owned •
and (ii) Owner's country •
X
(c) The corporation may have to file Form 5472, Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign
Corporation Engaged in a U.S. Trade or Business. Enter the number of Forms 5472 attached
•
0
8
9
10
11
12
13
14
Check this box if the corporation issued publicly offered debt instruments with original issue discount
• Q
If checked, the corporation may have to file Form 8281, Information Return for Publicly Offered Original Issue Discount Instruments.
Enter the amount of tax-exempt interest received or accrued during the tax year
• $
Enter the number of shareholders at the end of the tax year (if 100 or fewer)
•
If the corporation has an NOL for the tax year and is electing to forego the carryback period, check here
• 0
If the corporation is filing a consolidated return, the statement required by Regulations section 1.1502-21 (bX3) must be attached
or the election will not be valid.
Enter the available NOL carryover from prior tax years (do not reduce it by any deduction on line 29a.)
• $ 7 , 523 ,010
Are the corporation's total receipts (page 1, line 1a, plus lines 4 through 10) for the tax year and its total assets at the end of the
tax year less than $250,000?
If "Yes," the corporation is not required to complete Schedules L, M-1, and M-2. Instead, enter the total amount of cash distributions
and the book value of property distributions (other than cash) made during the tax year
• $
Is the corporation required to file Schedule UTP (Form 1120), Uncertain Tax Position Statement (see instructions)?
X
X
If "Yes," complete and attach Schedule UTP.
15a Did the corporation make any payments in 2013 that would require it to file Form(s) 1099 ?
b If "Yes," did or will the corporation file required Forms 1099?
16 During this tax year, did the corporation have an 80% or more change in ownership, including a change due to redemption of its
X
own stock?
During or subsequent to this tax year, but before the filing of this return, did the corporation dispose of more then 65% (by value)
X
of its assets in a taxable, non-taxable, or tax deferred transaction?
X
17
18
EEA
Did the corporation receive assets in a section 351 transfer in which any of the transferred assets had a fair market basis or fair
market value of more than $1 million?
. . . . . .
,
X
Form 1120(2013)
Form 1120 (2013)
Schedule L
NEW HORIZONS HOLDINGS INC
2 a Trade notes and accounts receivable
4
5
6
U.S. government obligations
Tax-exempt securities (see instructions)
Other current assets (attach statement)
8
Mortgage and real estate loans
90-0070390
(c)
(b)
(a)
Page 5
End of tax year
Beginning of tax year
Balance Sheets per Books
Assets
. . . .
10 a Buildings and other depreciable assets
(
)
(
)
(
)
(
_)|
(
)
(
)
i_
)
L_
y
. . .
. . .
. . .
b Less accumulated depreciation
12 Land (net of any amortization)
13 a Intangible assets (amortizable only)
14
Other assets (attach statement)
Liabilities and Shareholders' Equity
17
Mortgages, notes, bonds payable in less than 1 year
. .
18
19
Other current liabilities (attach statement)
Loans from shareholders
. .
20
Mortgages, notes, bonds payable in 1 year or more
. . .
21
22
Other liabilities (attach statement)
Capital stock:
a Preferred stock
b Common stock
23
Additional paid-in capital
24
Retained earnings-Appropriated (attach statement)
25
Retained earnings-Unappropriated
26
Adjustments to shareholders' equity (attach statement)
27
28
Less cost of treasury stock
Total liabilities and shareholders' equity
Schedule M-1
. . .
. .
(
L_
)
)
. . .
Reconciliation of Income (Loss) per Books With Income per Return
Note: Schedule M-3 required instead of Schedule M-1 if total assets are $10 million or more - see instructions
7
Income recorded on books this year
Net income (loss) per books
not included on this return (itemize):
Federal income tax per books
Tax-exempt interest $
Excess of capital losses over capital gains
. .
1
2
3
4
Income subject to tax not recorded on books
this year (itemize):
8
5
Expenses recorded on books this year not
deducted on this return (itemize):
a Depreciation
5
b Charitable contributions
$
c Travel and entertainment
5
Deductions on this return not charged
against book income this year (itemize):
a Depreciation
$
b Charitable contributions $
9
6
Add lines 1 through 5
Schedule M-2
10
4
EEA
6
a Cash
b Stock
c Property
Other decreases (itemize):
8
Balance at end of year (line 4 less line 7)
Other increases (itemize):
Add lines 1,2, and 3
Income (page 1, line 28)-line 6 less line 9
Analysis of Unappropr ated Retained Earnings per Books (Line 25, Schedule L)
5
3
Add lines 7 and 8
Distributions:
. . . .
Form 1120 (2013)
Application for Automatic Extension of Time To File Certain
B u s i n e s s Income Tax, Information, and Other Returns
7004
Fom
(Rev. December 2012)
Department of the Treasury
Internal Revenue Service
Identifying number
Name
NEW
Print
or
Type
OMB No. 1545-0233
• File a separate application for each return.
• Information about Form 7004 and its separate instructions is at www.irs.gov/form7004
90-0070390
HORIZONS HOLDINGS INC
Number, street, and room or suite no. (If P.O. box, see instructions.)
72 0 AIRPORT DRIVE
City, town, state, and ZIP code (If a foreign address, enter city, province or state, and country (follow the country's practice for entering
postal code)).
LINCOLN
AL
3 5096
Note. File request for extension by the due date of the return for which the ext. is granted. See inst. before completing this form.
Automatic 5-Month Extension
Part!
1a
Enter the form code for the return that this application is for (see below)
Form
Application
Code
Is For:
Application
Is For:
Form
Code
Form 1065
09
Form 1041 (estate other than a bankruptcy estate)
04
Form 8804
31
Form 1041 (trust)
05
Part II
Automatic 6-Month Extension
Application
Form
Is For:
Form 706-GS(D)
Form 706-GS(T)
Form 1041 (bankruptcy estate only)
Code
01
02
03
1
Form
Application
Is For:
Form 1120-ND (section 4951 taxes)
Form1120-PC
Code
20
21
Form 1120-POL
22
06
Form1120-REIT
Form 1041-N
07
Form1120-RIC
Form1041-QFT
Form1120S
08
Form 1042
Form1120-SF
Form 1065-B
10
11
Form 3520-A
Form 1066
12
Form 8612
Form 1120
Form1120-C
34
Form 8613
15
Form 8725
Form1120-F
16
Form 8831
Form1120-FSC
17
Form 8876
Form1120-H
Form 8924
Form1120-L
18
Form 8928
Form1120-ND
19
2
If the organization is a foreign corporation that does not have an office or place of business in the United States,
check here
3
2
23
24
25
26
27
28
29
30
32
33
35
36
If the organization is a corporation and is the common parent of a group that intends to file a consolidated return,
check here
If checked, attach a statement, listing the name, address, and Employer Identification Number (EIN) for each member
covered by this application.
Part 111 ]
4
5a
b
Short tax year. If this tax year is less than 12 months, check the reason:
0
6
All Filers Must Complete This Part
TIT
If the organization is a corporation or partnership that qualifies under Regulations section 1.6081-5, check here
The application is for calendar year 20
13 , or tax year beginning
, 20
, and ending
Change in accounting period
Q
Consolidated return to be filed
0
Initial return
0
Other (see instructions-attach explanation)
Tentative total tax
[]
,20
Final return
6
0
7
0
8
For Privacy Act and Paperwork Reduction Act Notice, see separate Instructions.
EEA
0
Form 7004 (Rev. 12-2012)
Federal Supporting Statements
Name(s) as shown on return
NEW HORIZONS HOLDINGS INC
FORM 112 0 PAGE 1
DESCRIPTION
Accounting cost
Computer
Legal and p r o f e s s i o n a l
Meals and e n t e r t a i n m e n t 50% l i m i t
Meetings
O f f i c e expense
Postage/Shipping
Travel
COMMUNICATIONS
ORGANIZATION EXPENSE
REIMBURSEMENT OF EXPENSES
RESEARCH
STOCK TRANSFER FEES
STORAGE FEES
TOTAL
STATMENT.LD
2013 PG 1
FEIN
90-0070390
S t a t e m e n t #5
AMOUNT
4,074
1,6 94
1,600
743
200
683
232
3,025
4,241
380
11,000
511
30
910
29,323
2013
FORM 1120, LINE 29a, NOL DEDUCTION
FORM 1120-C, S C H G , LINE 9a, C O L (a), P A T R O N A G E NOL DEDUCTION
Name
EIN
NEW HORIZONS HOLDINGS INC
Year
Loss Carryover/
Carryback
Increase of NOL Due
to Sec 170(d)(2)(B)
Contribution
Reduction*
ATT NOL
Loss
Applied to 2013
90-0070390
Unused Loss
1993
Unused
Sec 170(d)(2)(B)
Expiring
Expiring
this year
this year
1994
1995
1996
1997
1998
1999
2000
2001
2,473,658
2,473,658
2002
837,797
837,797
2003
332,191
332,191
2004
1,569,712
1,569,712
2005
1,253,374
1,253,374
2006
111
111
2007
48,734
48,734
2008
35,818
35,818
2010
292,438
292,438
2011
185,715
185,715
2012
493,462
2009
Current year NOL
2013
493,462
Applied to Prior Years
29,095
29,095
Future years NOL
Remaining 2013
NOL carryover
Applied to 2013
Future Years
TOTALS
7,552,105
0
7,552,105
to prevent a double tax benefit through interaction of NOL and charitable contribution carryovers. The excess charitable deduction can reduce
taxable income only once. Under these rules, a corporation's charitable contributions carryover (but not the NOL carryover) must be reduced, to the
extent the charitable contribution deduction, in computing the taxable income of an intervening year, would increase the NOL to a succeeding year.
ATT NOL.LD
0
Depreciation Detaii Listing
* Item was disposed
of during current year.
£.\3
PAGE
FORM 1120
I
O
1
For your records only
Social security number/EIN
Name(s) as shown on return
90-0070390
NEW
HORIZONS HOLDINGS I N C
No.
pFFICE
20030210
FURNITURE
20091216
FURNITURE
20091231
COPIER
L a n d Amount
Net D e p r e c i a b l e
Salvage
Date
Description
Cost
3,363
600
72S
Business
percentage
100.00
100.00
100.00
Section
179
Depreciation
Basis
Method
Life
0
3,363
600
Rate
200
200
DB
DB
Current
Accumulated
Prior
depr.
Depreciation
expense
3,363
MQ
10.04
600
MQ
10.94
725
Bonus
depreciation
AMT
Current
2013
Next Year's Depreciation
FEIN
Name
NEW HORIZONS HOLDINGS INC
Form
Multi-Form
1120 1
1120 1
1120 1
Description
OFFICE FURNITURE
FURNITURE
COPIER
90-0070390
Date
20030210
20091216
20091231
Basis
Method
3, 363
600
725
M
M
M
Life
7
7
5
Deduction
Form 1120
Carryover/Carryforward Worksheet
2013
(Keep for your records)
EIN
CORPORATION NAME
NEW HORIZONS HOLDINGS INC
90-0070390
To
Next Year
Form 1120
Contributions carryover
Net Operating Loss Carryover
AMT Net Operating Loss Carryover
7,552,105
Schedule D (Form 1120)
Unused capital loss carryover
Reserved for future use.
. . .
Carryover expiring next year due to a 5 year limitation
Capital loss carryover to next year
Form 2220
Tax
Form 3800
General business credit carryforward
Form 4562
Section 179 Carryover
Form 4797
Nonrecaptured net Section 1231 losses-2009
Nonrecaputred net Section 1231 losses-2010
Nonrecaptured net Section 1231 losses-2011
. . . .
. . . .
. . . .
Nonrecaptured net Section 1231 losses-2012
. . . .
Nonrecaptured net Section 1231 losses-2013
. . . .
Total nonrecaptured net Section 1231 loss carryforwards
Reserved
Reserved for future use.
Form 8827
Current year Alternative Minimum Tax from Form 4626
Minimum tax credit carryforward
WK_CO.LD