Enlarge image | CITY OF STOW, OHIO INDICATE YOUR SUB CHAPTER S FILING STATUS: CORPORATION CORPORATION NET PROFITCITY OF STOW,TAXOHIORETURN INDICATE YOUR PARTNERSHIP SUB CHAPTER S FOR CORPORATIONS, PARTNERSHIPS, ESTATES & TRUSTS FILING STATUS: CORPORATION CORPORATION TELE: (330) 689-2849 FOR CORPORATIONS,NETFORPROFITTHE CALENDARPARTNERSHIPS,TAXYEARRETURNESTATES2023 & TRUSTS OTHER .....................................................................................................PARTNERSHIP www.stowohio.org FAX:TELE:(330)(330)689-2847689-2849 OR FISCALFORPERIODTHE CALENDAR TO YEAR(FILE WITHIN20194 MONTHS) OTHER ..................................................................................................... FAX: (330) 689-2847 OR FISCAL PERIOD TO (FILE WITHIN 4 MONTHS) FEDERAL ID # www.stowohio.org LOCALFEDERALTRADEID #NAME LOCAL ADDRESSLOCAL TRADE NAME LOCAL ADDRESS Did you move during 2023? YES NONO FROM STOW Did youONmove during 2019? TO YES NONO TO STOWFROM STOW ONON FROMTO TO STOW ON FROM 1. TOTAL TAXABLE INCOME (SCHEDULE X LINE 1)...............................................................................................................................................(1) $ 2. A. ITEMS NOT DEDUCTIBLE (FROM SCHEDULE X LINE 17) ADD..........................................................................(2A) $1. TOTAL TAXABLE INCOME (SCHEDULE X LINE 1)...............................................................................................................................................(1) $ 2.B.A.ITEMSITEMSNOTNOTTAXABLEDEDUCTIBLE(FROM(FROMSCHEDULESCHEDULEX LINEX LINE7) DEDUCT............................................................................(2B)17) ADD..........................................................................(2A)$$ C.B.ENTERITEMSSUMNOT TAXABLEOF LINE 2A(FROMAND 2B...................................................................................................................................................................(2C)SCHEDULE X LINE 7) DEDUCT............................................................................(2B) $$ 3. A. ADJUSTED NET INCOME (LINE 1 PLUS OR MINUS LINE 2C) IF SCHEDULE X IS USED..........................................................................(3A) $C. ENTER SUM OF LINE 2A AND 2B...................................................................................................................................................................(2C) $ INCOME 3.B.A.AMOUNTADJUSTEDALLOCABLENET INCOMEIF SCHEDULE(LINE 1 PLUSY ISORUSEDMINUS LINE 2C) IF SCHEDULE X IS USED..........................................................................(3A)% OR LINE 3A (3B) $$ C.B.LESSAMOUNTALLOCABLEALLOCABLENETIFLOSSSCHEDULEPER PREVIOUSY IS USEDCITY INCOME TAX RETURNS (SUBMIT SCHEDULE)....................................................(3C)% OR LINE 3A (3B)$$ INCOME (ONLY 50% NOL DEDUCTION FROM TAX YEARS 2017, 2018, 2019, 2020 and 2021) C. LESS ALLOCABLE NET LOSS PER PREVIOUS CITY INCOME TAX RETURNS (SUBMIT SCHEDULE)....................................................(3C) $ 4. AMOUNT(ONLY 50%SUBJECTNOL DEDUCTIONTO STOW INCOMEFROM TAXTAXYEARS(LINE20173A ORAND3B LESSBEYOND)LINE 3C)..................................................................................................(4) $ 5. STOW INCOME TAX DUE BEFORE CREDITS (MULTIPLY LINE 4 BY 2%).........................................................................................................(5) $4. AMOUNT SUBJECT TO STOW INCOME TAX (LINE 3A OR 3B LESS LINE 3C)..................................................................................................(4) $ 5. STOW INCOME TAX DUE BEFORE CREDITS (MULTIPLY LINE 4 BY 2%).........................................................................................................(5) $ 6. (A) PAYMENTS ON 2023 DECLARATION OF ESTIMATED TAX.................................................................(6A) $ (B) PRIOR YEAR CREDIT.............................................................................................................................(6B) $ 6. (C) (A) TOTALPAYMENTSCREDITSON 201 ALLOWABLE9DECLARATION- ADD LINESOF ESTIMATED6(A) ANDTAX.................................................................(6A)6(B).........................................................................................................(6C)$ $ (B) PRIOR YEAR CREDIT.............................................................................................................................(6B) $ 7. BALANCE DUE/OVERPAYMENT - LINE 5 LESS LINE 6C.................................................................................................................................(7) $(C) TOTAL CREDITS ALLOWABLE - ADD LINES 6(A) AND 6(B).........................................................................................................(6C) $ 8.7. BALANCE(A) IFDUE/OVERPAYMENTLINE 7 IS OVER $10.00- LINEREMIT5 LESSPAYMENTLINE 6C.................................................................................................................................(7)PAYABLE TO CITY OF STOW..............................................................................(8A) $$ 8. ***MAKE(A) CHECKSIF LINEPAYABLE:7 IS OVERSTOW$10.00INCOMEREMITTAXPAYMENTDEPARTMENTPAYABLE TO CITY OFMAILSTOW..............................................................................(8A)TO: P.O. BOX 3649 AKRON, OH 44309-3649 $ (B)***MAKEIFCHECKSLINE 7PAYABLE:INDICATESSTOWAN OVERPAYMENTINCOME TAX DEPARTMENT– LINE 6(C) EXCEEDS LINEMAIL5:TO:P.O. BOX 3649 AKRON, OH 44309-3649 CREDITS LINE 8(B) AMOUNT TO BE REFUNDED (AMOUNTS $10.00 OR LESS WILL NOT BE REFUNDED) ..............................(8B) $ (B) IF LINE 7 INDICATES AN OVERPAYMENT – LINE 6(C) EXCEEDS LINE 5: CREDITS LINELINE8(B)8(B)AMOUNTAMOUNTTOTOBEBECREDITEDREFUNDEDTO(AMOUNTS20 24 ESTIMATE$10.00.............................................................................................(8B)OR LESS WILL NOT BE REFUNDED) ..............................(8B)$$ IF NO PAYMENTLINEIS DUE,8(B)MAILAMOUNTCOMPLETEDTO BEFORMCREDITEDTO: STOWTOINCOME20 20 ESTIMATETAX DEPARTMENT .............................................................................................(8B)P.O. BOX 1668 STOW, OH 44224-0668 $ IF NO PAYMENT IS DUE, MAIL COMPLETED FORM TO: STOW INCOME TAX DEPARTMENT P.O. BOX 1668 STOW, OH 44224-0668 SEE REVERSE SIDE FOR SCHEDULES X AND Y MANDA TORYSEE20 REVERSE24 DECLARATIONSIDE FOROFSCHEDULESESTIMATED INCOMEX ANDTAX Y AN ESTIMATEMANDATORYMUST BE2019DECLAREDDECLARATIONIF ESTIMATEDOF ESTIMATEDTAXINCOMELIABILITYTAX IS $200.00 OR MORE COMPUTATIONS OF ESTIMATED TAX: AN ESTIMATE MUST BE DECLARED IF ESTIMATED TAX LIABILITY IS $200.00 OR MORE 9.COMPUTATIONSESTIMATED TAXABLEOF ESTIMATEDINCOME FORTAX:YEAR........................................................................................................................................................(9) $ 10. ESTIMATED TAX DUE - 2% OF LINE 9 ......................................................................................................................(10) $9. ESTIMATED TAXABLE INCOME FOR YEAR........................................................................................................................................................(9) $ 11.10.FIRSTESTIMATEDQUARTERTAXOFDUEESTIMATED- 2% OF LINETAX9(25%......................................................................................................................(10)OF LINE 10)..............................................................................................................................(11)$$ 12.11.20FIRST23 OVERPAYMENTQUARTER OF ESTIMATEDAPPLIED TOTAX2024(25% ESTIMATEDOF LINETAX10)..............................................................................................................................(11)(Line 8B)............................................................................................................(12) $$ 13.12.NET201 9AMOUNTOVERPAYMENTDUE FORAPPLIEDFIRST QUARTERTO 20 20 ESTIMATED(LINE 11 MINUSTAX (Line12)....................................................................................................................(13)8B)............................................................................................................(12)$$ DUE13. NETON ORAMOUNTBEFOREDUEAPRILFOR1FIRST5, 20 24QUARTER or the IRS(LINEDue Date11 MINUS(OR THE12)....................................................................................................................(13)15TH OF THE FOURTH MONTH AFTER THE FISCAL YEAR END) $ 14.DUETOTALON ORAMOUNTBEFOREDUEAPRILWITH15,THIS2020FORM or the(ADDIRS DueLINESDate8A (ORANDTHE13)................................................................................................................(14)15TH OF THE FOURTH MONTH AFTER THE FISCAL YEAR END) $ I AUTHORIZE THE INCOME DIVISION TO DISCUSS MY ACCOUNT WITH THE PREPARER NAMED BELOW. CHECK HERE14. TOTAL AMOUNT DUE WITH THIS FORM (ADD LINES 8A AND 13)................................................................................................................(14) $ UNDER PENALTIES OF PERJURY, I DECLARE THAT I HAVE EXAMINED THIS RETURN AND ACCOMPANYING SCHEDULES AND STATEMENTS, AND TO THE BEST OF MY KNOWLEDGE AND BELIEF, THEY ARE TRUE, CORRECT AND COMPLETE.I AUTHORIZE THE INCOME DIVISION TO DISCUSS MY ACCOUNT WITH THE PREPARER NAMED BELOW. CHECK HERE DECLARATION OF PREPARER (OTHER THAN TAXPAYER) IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE.UNDER PENALTIES OF PERJURY, I DECLARE THAT I HAVE EXAMINED THIS RETURN AND ACCOMPANYING SCHEDULES AND STATEMENTS, AND TO THE BEST OF MY KNOWLEDGE AND BELIEF, THEY ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF PREPARER (OTHER THAN TAXPAYER) IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. SIGNATURE OF OFFICER OR PARTNER; TITLE OFFICER OR PARTNER SOC. SEC. NO. DATE SIGNATURE OF OFFICER OR PARTNER; TITLE OFFICER OR PARTNER SOC. SEC. NO. DATE SIGNATURE OF PERSON (AND FIRM) PREPARING RETURN, ADDRESS & PHONE NO. DATE SIGNATURE OF PERSON (AND FIRM) PREPARING RETURN, ADDRESS & PHONE NO. DATE |
Enlarge image | SCHEDULE X Reconciliation with Federal Income Tax Return Per Ohio Revised Code 718. 1. FEDERAL TAXABLE INCOME BEFORE NET OPERATING LOSSES AND SPECIAL DEDUCTIONS per attached return (Form 1120, Line 28; Form 1120S, Schedule K, Page 3 - Line 18; Form 1120A, Line 24; Form 1120-REIT, Line 20; Form 1065 “Analysis of Net Income (Loss)”, Line 1; Form 1041, Line 17; Form 990 T, Line 30)......................................................................................................................... 1. 2. Income or gain (not loss) from the sale or distribution of property under Sections 1221 or 1231 ........................................................................... 2. 3. Interest earned......................................................................................................................................................................................................... 3. 4. Dividends earned..................................................................................................................................................................................................... 4. 5. Royalty income not subject to municipal taxation.................................................................................................................................................... 5. 6. Other exempt income (Attach documentation and/or explanation).......................................................................................................................... 6. 7. TOTAL ITEMS NOT TAXABLE. (Add lines 2 thru 6, enter total here and on Page 1, Line 2B)............................................................................... 7. 8. Total losses under section 1221 (Capital Losses) or Section 1231......................................................................................................................... 8. 9. 5% of expenses not attributable to sale, exchange or other disposition of Section 1221 property.......................................................................... 9. 10. Taxes based on income......................................................................................................................................................................................... 10. 11. Guaranteed payments to partners (amount not included in Line 1 above)........................................................................................................... 11. 12. Charitable contributions (over 10% of net profits)................................................................................................................................................. 12. 13. Section 179 expenses deducted above corporate limitations as per O.R.C. 718.01 (E)(7)................................................................................. 13. 14. Qualified retirement, health insurance and life insurance plans on behalf of owners/owner employees.............................................................. 14. 15. Loss carried back or carried forward per Federal return (if included in Line 1 above)......................................................................................... 15. 16. Other expenses not deductible (attach documentation and/or explanation)......................................................................................................... 16. 17. TOTAL ITEMS NOT DEDUCTIBLE. (Add Lines 8 thru 16. Enter the results here and on Page 1 Line 2A)...................................................... 17. SCHEDULE Y Business The use of the Business Allocation Formula is mandated by O.R.C. Section 718. Allocation A. LOCATED EVERYWHERE B. LOCATED IN STOW C. PERCENTAGE (B÷A) 1. Average Original cost of real and tangible property............ $ ________________________ $ ________________________ Gross annual rental multiplied by 8............................... $ ________________________ $ ________________________ Total of Step 1......................................................................... $ ________________________ $ ________________________ 1 % 2. Total wages, salaries, commissions and other compensation paid to all employees $ $ 2 % 3. Gross receipts from sales and work or service performed $ $ 3 % 4. Total of percentages $ $ 4 % 5. Average percentage (Divide total percentages by number of percentages used.) 5 % SCHEDULE W Reconciling Wages, Salaries, & Other Compensations (Complete if you had Stow employees) 1. Total wages allocated to Stow (from Federal Return or Business Allocation, Schedule Y above, Line 2, Column B).......................... 2. Total Stow wages shown on Form W-3 (Withholding Reconciliation).................................................................................................... Explain any difference: Were there any employees that you leased, during the year covered by this return? ___________YES ___________NO If YES, complete the following: NAME OF LEASING COMPANY MAILING ADDRESS FED ID |