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ASHLAND MUNICIPAL INCOME TAX
QUARTERLY NOTICE OF INSTALLMENT DUE ON ESTIMATED TAX DECLARED PART 1
MAKE CHECK OR MONEY ORDER PAYABLE TO: ASHLAND MUNICIPAL INCOME TAX
ASHLAND MUNICIPAL INCOME TAX MAIL TO: 218 LUTHER STREET (4)
PAID CHECK WILL BE YOUR RECEIPT ASHLAND, OHIO 44805-3128 AMOUNT
If receipt is desired, return both copies of this statement with a ENCLOSED $_____________
self addressed stamped envelope. (2) APPLY PENALTY (3) APPLY INTEREST
DO NOT REMIT CASH BY MAIL $_________________ $_______________
ESTIMATED TAX CREDITS AND OR PAYMENTS AMOUNT OF QUARTERLY
DECLARED DATE OF LAST CREDIT TOTAL AMOUNT CREDITED UNPAID BALANCE INSTALLMENT (1)
USE REVERSE SIDE IF YOU WISH TO CHANGE YOUR ESTIMATED TAX DECLARED
NAME
ACCOUNT NUMBER
ADDRESS
DUE ON OR BEFORE
Q-1 RETURN PART 1 - KEEP PART 2 FOR YOUR RECORDS
ASHLAND MUNICIPAL INCOME TAX
QUARTERLY NOTICE OF INSTALLMENT DUE ON ESTIMATED TAX DECLARED PART 2
MAKE CHECK OR MONEY ORDER PAYABLE TO: ASHLAND MUNICIPAL INCOME TAX
ASHLAND MUNICIPAL INCOME TAX MAIL TO: 218 LUTHER STREET (4)
PAID CHECK WILL BE YOUR RECEIPT ASHLAND, OHIO 44805-3128 AMOUNT
If receipt is desired, return both copies of this statement with a ENCLOSED $_____________
self addressed stamped envelope. (2) APPLY PENALTY (3) APPLY INTEREST
DO NOT REMIT CASH BY MAIL $_________________ $_______________
ESTIMATED TAX CREDITS AND OR PAYMENTS AMOUNT OF QUARTERLY
DECLARED DATE OF LAST CREDIT TOTAL AMOUNT CREDITED UNPAID BALANCE INSTALLMENT (1)
USE REVERSE SIDE IF YOU WISH TO CHANGE YOUR ESTIMATED TAX DECLARED
NAME
ACCOUNT NUMBER
ADDRESS
DUE ON OR BEFORE
Q-1 RETURN PART 1 - KEEP PART 2 FOR YOUR RECORDS
FORM Q-1 INFORMATION AND INSTRUCTIONS
Every taxpayer who anticipates at least $200.00 of income tax liability which will not be withheld and is due to the City of Ashland, is required
to file with the City of Ashland a Declaration of Estimated Tax. Such declaration shall be filed on or before the 15th day of the 4th month,
and thereafter a similar declaration shall be filed for each year on or before April 18th of each ensuing year by all such taxpayers. Such
declaration shall be filed on a form prescribed and furnished by the Director of Finance and Public Record, which form may simply state
that the figures used in making such declaration, required by Chapter 230.05 that is taxable to the City of Ashland and not fully withheld.
For individuals, and calander year tax payers that are not individuals, the declaration to be filed on or before April 18th, and the declaration
to be filed on or before April 18th of each ensuing year shall be accopmanied by payment of at least 22-1/2% of the estimated Ashland
Municipal Income Tax, and at least a similar amount shall be paid on or before June 15th, September 15th, and December 15th of such
taxable year. For fiscal year taxpayers that are not individuals, 22-1/2% by the 15th day of the fourth month of the taxpayer's taxable year,
45% by the 15th day of the sixth month, 67-1/2% by the 15th day of the ninth month, and 90% by the 15th day of the twelfth month.
PENALTIES AND INTEREST
Section 230-18(A)(4) Interest rate means the federal short-term rate, rounded to the nearest whole number percent, plus five percent.
The rate shall apply for the calendar year next following the July of the year in which the federal short-term rate is determined in
accordance with division (A)(2) of this section. (C)(1) states, Interest shall be imposed at the rate described in division (A) of this section,
per annum, on all unpaid estimated income tax.
Per Section 230.18(2)(a), With respect to unpaid estimated income tax, the City of Ashland may impose a penalty equal to fifteen
percent (15%) of the amount not timely filed quaretrly.
If interest and penalty apply, Quarterly installment (1) plus Penalty (2) plus Interest(3) equals amount enclosed (4).
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