What Is A Business Activity Code

Principal Business Professional Activity NAICS Codes.

What is a business activity code. A corporation is allowed a 100 deduction for certain business meals paid or incurred in. 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. We do monthly or seasonal rentals to students in the winter and have travelers in the summer.

Copyrit 201 omson Reuters Quickfinder Handbooks Form 1120 Principal Business Activity Codes2018 Returns 1 Quick nder Table continued on the next page Form 1120 Principal Business Activity Codes2018 Returns ÈĹÆ ËÉÄÉÉ ¹ÊÌÊÏ ÅºÉ. Just enter a description of your type of business in the NAICS Keyword Search field and click on Submit button For example entering Logging gives you code of 113310. Principal Business Activity Codes.

Accommodation Food Services Drinking Places Accommodation. Other Foreign Tax Information. Business owners who file Schedule C must choose the activity code that best describes the source of their revenue.

These codes are based on the North American Industry Classification System NAICS. Finding Your NAICS SIC Codes has never been easier. 32300 Printing and related support activities.

2012 Farlex Inc. List first the largest in terms of unrelated income then the next largest AGRICULTURE FORESTRY HUNTING AND FISHING Code. Codes for Section 951A income code E under Line 10.

Ntractors this listing may differ from that used by the IRS. 721310 - Rooming boarding houses 721210 - RV recreational vehicle parks recreational camps 721100 - Traveler accommodation including hotels motels bed breakfast inns Food Services Drinking Places. If the code on this page does not describe the industry of the business in question then select the largest applicable code below.