PDF document

- 1 -

PRINT FORM RESET FORM

Regional Income Tax Agency
Form
27 RITA Net Profit Tax Return 2023
FOR CALENDAR YEAR OR FISCAL YEAR BEGINNING AND ENDING
The federal return MUST be attached to be considered a complete tax return. Please also attach all applicable schedules and 1099-NEC to avoid delays.
Check if: Initial RITA Return No longer in RITA Extension
Amended Return Out of Business
Federal Business Activity Code #
Consolidated Return (Attach Form 851) Alternate Method
Consolidated filer with 80% ownership of a Pass-Through Entity (see Instructions, Page 3) Business
Activity
BUSINESS: C CORPORATION PARTNERSHIP LLC SMALL EMPLOYER: ORC 718.021 ELECTION:
S CORPORATION ESTATE TRUST

Company Name Federal Identification Number:

Address # Street Suite #

City State Zip Code

1. INCOME PER ATTACHED FEDERAL RETURN
(per attached Federal Form 1120 (Line 28), 1120S (Sch. K - Line 18), 990T (Line 30), 1 .00
1065 (Sch. K - Analysis of Net Income (Loss), Page 5 - Line 1), 1041 (Line 17) or the equivalent)
2. A. ITEMS NOT DEDUCTIBLE (from Page 3, Schedule X, Line G) Add 2A .00

B. ITEMS NOT TAXABLE (from Page 3, Schedule X, Line Q) Deduct 2B .00

C. ENTER EXCESS OF LINE 2A OR 2B 2C .00

3. A. ADJUSTED FEDERAL TAXABLE INCOME (Line 1 plus or minus Line 2C) 3A .00

B. CHECK THE BOX WHEN USING DIFFERENT NET OPERATING LOSS AMOUNTS FOR
DIFFERENT MUNICIPALITIES AND ATTACH YOUR NET OPERATING LOSSES WORKSHEET. 3B
SEE FORM 27 INSTRUCTIONS FOR 3Bii THROUGH LINE 4.

i. THIS LINE INTENTIONALLY LEFT BLANK
ii. PRE-APPORTIONED LOSSES FROM TAX YEARS BEGINNING ON OR AFTER 1/1/18 3B(ii) .00
UTILIZED IN THIS TAX YEAR
iii. Income/Loss Subject to Apportionment (Line 3A less Line 3B(ii)) 3B(iii) .00

C. PERCENTAGE ALLOCABLE TO RITA 3C %
If Schedule Y, Page 4 is used

4. AMOUNT SUBJECT TO MUNICIPAL INCOME TAX
(Line 3b(iii) multiplied by 3C (%)) 4 .00
5. MUNICIPAL INCOME TAX DUE(see Instructions)
NOTE: Must equal Schedule B on Page 2 5 .00

6. A. PAYMENTS ON DECLARATIONS OF ESTIMATED MUNICIPAL INCOME TAX 6A .00

B. AMOUNT OF PREVIOUS YEAR CREDIT 6B .00

C. TOTAL CREDITS ALLOWABLE (Line 6A + 6B) 6C .00

7. A. BALANCE DUE (Line 5 less Line 6C) AMOUNT PAYABLE TO RITA MUST ACCOMPANY THIS FORM 7A .00

B. OVERPAYMENT CLAIMED (If Line 6C exceeds Line 5 enter difference here and check the 7B .00
desired box)
(Cannot be split between refund and credit) Refund................... Credit...................

- 2 -

Enlarge image

FORM 27
SCHEDULE B - DISTRIBUTION OF TAX WITHIN RITA MUNICIPALITIES
TOTAL TAX DISTRIBUTED BELOW MUST EQUAL AMOUNT FROM PAGE 1, LINE 5
Note: For each separate municipality listed below, if Tax ue isD$10 or less, enter -0-.
(if more space is needed, attach additional schedule)
Municipality Name Taxable Income / Loss Tax Rate Tax Due

.00 .% .00

COMPUTATION OF ESTIMATED TAX

ESTIMATED TAX DISTRIBUTION TOTAL TO LINE 8A
(if more space is needed, attach additional schedule)

Municipality Name Taxable Income / Loss Tax Rate Tax Due

.00 .% .00

8. A. ESTIMATED TAX (from distribution above) 8A .00
D. (IF LINE 8A IS LEFT BLANK AN ESTIMATE WILL BE CREATED FOR YOU BASED
D. ON YOUR PRIOR YEAR’S TAX LIABILITY AND MUNICIPAL DISTRIBUTION)
8. B. CREDIT (if any) FROM PRIOR YEAR (7B) 8B .00

8. C. LINE 8A LESS LINE 8B 8C .00

D. AMOUNT PAID: Total AMOUNT DUE and based on when the return is filed at least
1/4 of estimated tax due, less any CREDIT. Estimated tax payments are due on the 8D .00
fifteenth (15th) day of the fourth (4th), sixth (6th) ninth (9th) and twelfth (12th) months
of each fiscal year.
9. A. TOTAL OF 7A + 8D 9 .00
MAKE CHECKS PAYABLE TO RITA
The federal return MUST be attached to be considered a complete tax return. In order to avoid processing delays and
notices from RITA, please also attach all applicable schedules and 1099-NEC.
I CERTIFY I HAVE EXAMINED THIS RETURN, INCLUDING ACCOMPANYING SCHEDULES AND STATEMENTS AND TO THE
BEST OF MY KNOWLEDGE AND BELIEF, IT IS TRUE, CORRECT, COMPLETE, AND THAT THE FIGURES USED HEREIN ARE
THE SAME AS USED FOR FEDERAL INCOME TAX PURPOSES.

SIGNATURE OF OFFICER OR PARTNER PREPARER’S SIGNATURE PRINT NAME

PRINT NAME PREPARER’S ADDRESS

TITLE PHONE DATE PREPARER’S PHONE FIRM NAME
May RITA discuss this return with the preparer shown above? Yes No
REMIT RETURN WITH REFUND TO: REMIT RETURN WITH PAYMENT TO: REMIT RETURN WITHOUT PAYMENT Page
REGIONAL INCOME TAX AGENCY REGIONAL INCOME TAX AGENCY TO: REGIONAL INCOME TAX AGENCY 2
P.O. BOX 94652 P.O. BOX 94582 P.O. BOX 89475
CLEVELAND, OH 44101-4652 CLEVELAND, OH 44101-4582 CLEVELAND, OH 44101-6475 27F23
ritaohio.com

- 3 -

Enlarge image

                                                          FORM 27

                  SCHEDULE X – ADJUSTMENT TO FEDERAL INCOME TAX RETURN
                  (attach supporting statement for line items utilized below)

    ITEMS NOT DEDUCTIBLE
A.  LOSSES THAT DIRECTLY RELATE TO THE SALE, EXCHANGE, OR OTHER
    DISPOSITION OF AN ASSET DESCRIBED IN 1221 OR 1231 OF THE IRC                                                         .00

B.  TAXES BASED ON INCOME                                                                                                .00
C.  5% OF THE AMOUNT DEDUCTED AS INTANGIBLE INCOME EXCLUDING
    THE PORTION DIRECTLY RELATED TO THE SALE, EXCHANGE, OR
    OTHER DISPOSITION OF PROPERTY DESCRIBED IN 1221 OF THE IRC                                                           .00
D.  AMOUNTS PAID OR ACCRUED TO QUALIFIED SELF-EMPLOYED RETIREMENT 
    AND HEALTH AND LIFE INSURANCE PLANS FOR OWNERS OR OWNER-                                                             .00
    EMPLOYEES OF NON-C CORPORATION ENTITIES
E.  REIT’S AND RIC’S - ALL AMOUNTS WITH RESPECT TO DIVIDENDS,
    DISTRIBUTIONS, OR AMOUNTS SET ASIDE FOR OR CREDITED TO                                                               .00
    THE BENEFIT OF INVESTORS AND ALLOWED AS A DEDUCTION
F.  OTHER: (ATTACH EXPLANATION)                                                                                          .00

G.  TOTAL ADDITIONS (ENTER ON PAGE 1, LINE 2A)                                                                           .00

    ITEMS NOT TAXABLE
N.  INCOME AND GAINS - FEDERALLY REPORTED INCOME AND GAINS FROM IRC
    1221 OR 1231 PROPERTY DISPOSITIONS EXCEPT TO THE EXTENT THE INCOME                                                   .00
    AND GAINS APPLY TO THOSE DESCRIBED IN 1245 OR 1250 OF THE IRC
O.  INTANGIBLE INCOME SUCH AS INTEREST, DIVIDEND, PATENT, AND COPYRIGHT INCOME                                           .00
    ALSO INCLUDE ROYALTY INCOME EXCEPT ROYALTIES DERIVED FROM
    INTEREST IN LAND (i.e. OIL AND GAS RIGHTS, ETC.)
                                                                                                                         .00
P.  OTHER :  PASS-THROUGH INCOME (LOSS)

Q.  TOTAL DEDUCTIONS (ENTER ON LINE 2B)                                                                                  .00

                                                          AFTI WORKSHEET
                                          ADJUSTED FEDERAL TAXABLE INCOME
                                          For use by taxpayers that are NOT C Corporations

(1) Federal Form 1120S (S Corporations) - Sch. K - Line 18
(2) Federal Form 1065 (Partnerships, LLC’s, LLP’s) - Sch. K - Analysis of Net Income (Loss), Page 5 - Line 1
(3) Federal Form 1041 (Estates, Trusts) - Page 1 - Line 17

                                               Form 1120S        Form 1065                                  Form 1041
a)  From Federal Return (above)
                                          $                  $                 $
b)  Excess 179 Deduction / Carryover

c)  Charitable Contribution - In Excess of
    10% Limitation
d)  Other:

e)  “ADJUSTED FEDERAL TAXABLE INCOME”     $                  $                 $

                                                                                                                     Page
                                                                                                                     3

- 4 -

Enlarge image

FORM 27
SCHEDULE Y - BUSINESS APPORTIONMENT FORMULA (See Instructions)
ORC 718.021 ELECTION to apportion to qualifying reporting location. This box is checked from page 1.
A. LOCATED B. RITA MUNICIPALITY C. PERCENTAGE
EVERYWHERE (B / A)
STEP 1. AVERAGE ORIGINAL COST OF REAL & TANGIBLE PERSONAL PROPERTY $ $
GROSS ANNUAL RENTALS MULTIPLIED BY 8 $ $
TOTAL OF STEP 1 $ $ %
STEP 2. TOTAL WAGES, SALARIES, COMMISSION AND OTHER
COMPENSATION PAID TO ALL EMPLOYEES $ $ %
STEP 3. GROSS RECEIPTS FROM SALES AND WORK OR
SERVICES PERFORMED $ $ %
STEP 4. TOTAL OF PERCENTAGES %

STEP 5. AVERAGE PERCENTAGE (DIVIDE TOTAL PERCENTAGES BY NUMBER OF PERCENTAGES USED) %

A. LOCATED B. RITA MUNICIPALITY C. PERCENTAGE
EVERYWHERE (B / A)
STEP 1. AVERAGE ORIGINAL COST OF REAL & TANGIBLE PERSONAL PROPERTY $ $
GROSS ANNUAL RENTALS MULTIPLIED BY 8 $ $
TOTAL OF STEP 1 $ $ %
STEP 2. TOTAL WAGES, SALARIES, COMMISSION AND OTHER
COMPENSATION PAID TO ALL EMPLOYEES $ $ %
STEP 3. GROSS RECEIPTS FROM SALES AND WORK OR
SERVICES PERFORMED $ $ %
STEP 4. TOTAL OF PERCENTAGES %

STEP 5. AVERAGE PERCENTAGE (DIVIDE TOTAL PERCENTAGES BY NUMBER OF PERCENTAGES USED) %

TOTAL Sum all STEP 5 percentages for each municipality, enter on Page 1, Line 3C %

SCHEDULE Y-1: RECONCILIATION OF SCHEDULE Y WAGES TO WITHHOLDING RETURNS
1.Total workplace RITA wages shown on your withholding tax returns filed for the year covered by this return. $
2. Attach explanation of any difference between total wages remitted and total wages shown on Schedule Y above.
3. Provide the Company Name and Federal Identification Number under which the withholding tax was remitted, if different than
information on page 1.
Company Name Federal Identification Number

SCHEDULE Z: PASS-THROUGH DISTRIBUTIVE SHARES OF NET INCOME
Attach a schedule of each partner’s/shareholder’s name, social security number, distributive share,
guaranteed payments (if applicable) and ownership percentage.
SCHEDULE Z : Z CONSOLIDATED RETURN INFORMATION Page
If filing a consolidated return, you must attach Federal Form 851 or a schedule listing each name, address 4
and employer identification number. 27F23

PDF file checksum: 988608174

(Plugin #1/9.12/13.0)