Enlarge image | File this return with CANTON TAX DEPARTMENT on or before April 18, 2023 or on or MAKE CHECK OR MONEY ORDER PAYABLE TO: PHONE: (330) 430-7900 received a federal extension, please attach a copy of your federal extension request to “Kim R. Perez, Treasurer” MAIL TO: the Canton return when you file. For taxpayers not on a federal extension, an exten- KIM R. PEREZ, TREASURER sion request must be submitted in writing and filed on or before April 18, 2023 or fiscal TAXING AUTHORITY INCOME TAX DEPARTMENT deadline. City of Canton JEDD District CD PO BOX 9951 CANTON, OH 44711-9951 JEDD District TWR/SS JEDD District TSG cantonincometax.com City of Canton, Ohio Income Tax Return JEDD District SM JEDD District TGAB For Calendar Year ending December 31, 2022, or JEDD District FP for the months ending Indicate Filing Status: Corporation S Corporation FOR USE OF ALL CORPORATE TAXPAYERS SUBJECT TO2022 Partnership Other CANTON INCOME TAX Principal Business Activity: CORPORATE RETURN Is the business entity a resident ( ) Yes ( ) No Moved INTO CANTON on PREV. ADDRESS OR Moved OUT OF CANTON on MAKE NAME OR ADDRESS CORRECTION PRESENT ADDRESS To receive electronic correspondence, please provide an email address: ACCT. NUMBER FEDERAL I.D. NUMBER PHONE ( ) @ .com FILING REQUIRED EVEN IF NO TAX DUE OR NET OPERATING LOSS 1. Canton Taxable Income (Page 2 Line 4) 1. $ 2. Canton City Tax (2.5% of Line 1) 2. $ 3. CREDITS 3(A) Municipal tax paid to other cities 3A.$ 3(B) Payment of Declaration of Estimated Tax 3B.$ 3(C) Credit Adjustment 3C.$ 3(D) TOTAL CREDITS (A plus B less C) 3D.$ 4. BALANCE DUE (If Line 2 exceeds Line 3D enter difference here) 4. $ 5. Overpayment claimed (If Line 3D exceeds Line 2) 5. $ 6. Credit to 2023 Estimate (If no Estimate due use Line 7) 6. $ 7. TO BE REFUNDED (If Estimate due, use Line 6) 7. $ 8. Late filing fine - (returns filed after Filing Deadline) enter $25.00 per month 8. $ 9. Interest Penalty 0.58 % per month, effective the sixteenth of each month 9. $ 10. Penalty 15% 10. $ 11. Total amount due - MUST BE PAID IN FULL WITH THIS RETURN 11. $ NO ASSESSMENTS OR REFUNDS OF $10.00 OR LESS WILL BE COLLECTED OR PAID MAY WE DISCUSS THIS YES RETURN WITH PREPARER NO MANDATORY DECLARATION OF ESTIMATED TAX FOR 2023 1. TOTAL INCOME SUBJECT TO CANTON TAX $ CANTON TAX @ 2.5% 1. $ 2. LESS CREDITS: A. OVERPAYMENT ON PREVIOUS YEAR’S RETURN 2A. $ B. PREVIOUS PAYMENTS IF THIS IS AN AMENDED DECLARATION 2B. $ C. OTHER (SPECIFY) 2C. $ TOTAL CREDITS $ 3. NET TAX DUE (LINE 1 LESS TOTAL LINE 2) 3. $ 4. AMOUNT PAID WITH THIS RETURN (NOT LESS THAN 1/4 x line 3) REMITTANCE PAYABLE TO “Kim R. Perez, Canton City Treasurer” 4. $ 5. BALANCE OF TAX (NOT MORE THAN 3/4 x line 3) 5. $ PAYMENT BY CREDIT CARD OR ELECTRONIC CHECK Please refer to our website, www.cantonincometax.com, to access the online payment center to pay by credit card or electronic check. Signature of Person Preparing, If Other Than Taxpayer Date Address or Name and Address of Firm Signature of Taxpayer or Agent Required Date THIS SPACE FOR TAX OFFICE USE ONLY AUDITED BY NEW ACCOUNT SUSP M/M POSTED TO BANKING DATE REFUND CK. NO. |
Enlarge image | ATTACH COPIES OF ALL FEDERAL SCHEDULES AND SUPPORTING STATEMENTSATTACH COPIES OF ALL FEDERAL SCHEDULES AND SUPPORTING STATEMENTS TY 2022TY 2022 ATTACH COPIES OF ALL FEDERAL SCHEDULES AND SUPPORTING STATEMENTSATTACH COPIES OF ALL FEDERAL SCHEDULES AND SUPPORTING STATEMENTS TY 2022 LINELINETY1. 1. 2022NETNET PROFIT/LOSSPROFIT/LOSS (FORM(FORM 1041,1041, 1065,1065, 1120 1120 1120S,1120S, ETC.)ETC.) LINE 1. NET PROFIT/LOSS (FORM 1041, 1065, 1120 1120S, ETC.)LINE 1. NET PROFIT/LOSS (FORM 1041, 1065, 1120 1120S, ETC.) 1. $1. $ 1. $ SCHEDULE X RECONCILIATION WITH FEDERAL INCOME TAX RETURN - Attach Schedules 1. $ SCHEDULE X RECONCILIATION WITH FEDERAL INCOME TAX RETURN - Attach Schedules SCHEDULE X RECONCILIATION WITH FEDERAL INCOME TAX RETURN - Attach Schedules SCHEDULEITEMSX NOTRECONCILIATIONDEDUCTIBLE WITH FEDERAL INCOMEADD TAX RETURN -ITEMSAttachNOTSchedulesTAXABLE DEDUCT ITEMS NOT DEDUCTIBLE ADD ITEMS NOT TAXABLE DEDUCT a. Capital Losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . p. Capital gains (Excluding Ordinary Gains From 4797) . . a. Capital LossesITEMSITEMS. . . . . .NOTNOT. . . . .DEDUCTIBLEDEDUCTIBLE. . . . . . . . . . . . . . . . . . . . . $$ ADDADD p. Capital gainsITEMSITEMS(ExcludingNOTNOTOrdinaryTAXABLETAXABLEGains From 4797) . . $$ DEDUCTDEDUCT a. Capital Losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . p. Capital gains (Excluding Ordinary Gains From 4797) . . a.b.b.CapitalExpensesExpensesLossesincurredincurred. . . .inin. .thethe. . .productionproduction. . . . . . . .ofof. .non-taxablenon-taxable. . . . . . . . . . . . . $$ p.q.q. InterestInterestCapital gainsIncome Income (Excluding.. .. .. .. .. ..Ordinary.. .. .. .. .. .. .. ..Gains.. .. .. .. ..From.. .. .. .. ..4797) .. .. .. .. ..... . $$ income (At least 5% of Line t) . . . . . . . . . . . . . . . . . . .ATTACH COPIES OF ALL FEDERAL SCHEDULES AND SUPPORTING STATEMENTS b.b.TYincomeExpensesExpenses2022(Atincurredincurredleast 5%ininofthetheLineproductionproductiont) . . . . .ofof. .non-taxablenon-taxable. . . . . . . . . . . . r.q.q. r. Dividends Dividends InterestInterestIncome Income .. .. .. .. .. ........................................................................................................................ c. income (At least 5% of Line t) . . . . . . . . . . . . . . . . . . .Taxes based on income . . . . . . . . . . . . . . . . . . . . . . . . c.LINEincomeTaxes1. based(AtNETleastonPROFIT/LOSSincome 5% of Line. . .t) . ...(FORM..............1041,............1065,..........1120 1120S, ETC.) r.r.s.s. Dividends Dividends OtherOther (Explain)(Explain).................................................................................................................................... c.c.d.d.TaxesTaxesPaymentsPaymentsbasedbasedtoto partnerspartnersonon income income .. .. ................................................................................................ s.s. . ...OtherOther..........(Explain)(Explain)..................................................................................................................................1.........$. . d. Payments to partners . . . . . . . . . . . . . . . . . . . . . . . . . .Other (Explain). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d.e.e.SCHEDULEPaymentsOther (Explain).to partnersX. . . . .....RECONCILIATION.........................................WITH....... FEDERAL INCOME TAX ........RETURN............................................-....Attach................................Schedules................................................................................................ e. OtherTotal Additions(Explain)................................................................ e.f. f. OtherTotal Additions(Explain)................................................................ $$ ........................................................................................................................................................................................ f. Total AdditionsITEMS. . . . . .NOT. . . . .DEDUCTIBLE. . . . . . . . . . . . . . . . . . . . . $ ADD . . . . . . . . . . . . . .ITEMS. . . . . . .NOT. . . . .TAXABLE. . . . . . . . . . . . . . . . . . . . DEDUCT f. a.CapitalTotal AdditionsLosses ................................................................ $$ t.t. .p.. .TotalTotalCapital. . . . .DeductionsDeductions.gains. . . . .(Excluding. . ...................Ordinary.......................Gains...............From...............4797) .................... $$$ t. Total Deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ b. Expenses incurred in the production of non-taxable t. q. Total Deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Interest Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ LINELINELINEincome2. 2. 2. (AtEXCESSEXCESSEXCESSleast 5%INCOMEINCOMEINCOMEof Line t) /DEDUCTIONS/DEDUCTIONS/DEDUCTIONS. . . . . . . . . . . . . .(SCHEDULE(SCHEDULE(SCHEDULE. . . . . XXX LINE LINE LINE fff MINUSMINUSMINUS LINELINELINEr.t)t)t) Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2.2.2.. . .$$$ c.LINETaxes2. basedEXCESSon income INCOME. . . ./DEDUCTIONS. . . . . . . . . . . . . . .(SCHEDULE. . . . . X LINE f MINUS LINEs.t) Other (Explain) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2.. .$ d. Payments to partners . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . e.LINELINEOther3.3.(Explain).RECONCILEDRECONCILED. . . . . . .NETNET. . . . .PROFIT/LOSSPROFIT/LOSS. . . . . . . . . . . . . .(LINE(LINE. . . . . 11 PLUSPLUS LINELINE 2)2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3.3.. . $$ f. LINELINETotal3.3.AdditionsRECONCILEDRECONCILED. . . . . . . .NETNET. . . .PROFIT/LOSSPROFIT/LOSS. . . . . . . . . . . . . . .(LINE(LINE. . . . .11PLUSPLUS$LINELINE2)2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3.3.. . $$ CARRY OVER NOL UTILIZED t. Total Deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1. LINENOLSCHEDULESCHEDULE2. EXCESSAvailableINCOMEYY......................................................................................................................................BUSINESSBUSINESS/DEDUCTIONSALLOCATIONALLOCATION(SCHEDULEFORMULAFORMULA X LINE f MINUS LINE t) 2. $ a. LOCATEDa. LOCATED b. LOCATED INb. LOCATED IN c. PERCENTAGEc. PERCENTAGE 2. NOLSCHEDULESCHEDULEafter phaseYY BUSINESSBUSINESSin limitationALLOCATIONALLOCATION(Line 1 x 50%) FORMULAFORMULA......................................................................................EVERYWHEREEVERYWHERE THISTHIS MUNICIPALITYMUNICIPALITY (b(b ÷÷ a)a) a. LOCATEDa. LOCATED b. LOCATED INb. LOCATED IN c. PERCENTAGEc. PERCENTAGE STEPSTEP3. 1.1.Current AVG. AVG. FederalORIGINALORIGINALadjustedCOSTCOST OFOFtaxableREALREAL && TANG.TANG.income PERSONALPERSONAL..........................................................................................PROPERTYPROPERTYEVERYWHEREEVERYWHERE THISTHIS MUNICIPALITYMUNICIPALITY (b(b ÷÷ a)a) STEPSTEP4. 1.1.Line AVG. AVG. GROSSGROSS3 x 50%ORIGINALORIGINALANNUALANNUAL.......................................................................................................................................COSTCOSTRENTALSRENTALSOFOF REALREALPAIDPAID&&MULTIPLIEDMULTIPLIEDTANG.TANG. PERSONALPERSONALBYBY 88PROPERTYPROPERTY 5. LINENOL3.GROSSGROSSTOTALTOTALRECONCILEDdeductionSTEPSTEPANNUALANNUAL1.1.availableNETRENTALSRENTALSPROFIT/LOSStoPAIDPAIDclaimMULTIPLIEDMULTIPLIEDthis(LINEyear1BYBY(lesserPLUS88 LINEof Line2) 2 or Line 4) .............................................. 3. $ %% STEP 2. STEP 2. TOTAL STEP 1.TOTAL STEP 1.GROSS RECEIPTS FROM SALES MADE AND/OR WORKGROSS RECEIPTS FROM SALES MADE AND/OR WORK %% 6. Taxable income after NOL deduction (Line 3 - 5) ................................................................................ STEP 2. STEP 2. OR SERVICES PERFORMED (SEE INSTRUCTIONS).OR SERVICES PERFORMED (SEE INSTRUCTIONS).GROSS RECEIPTS FROM SALES MADE AND/OR WORKGROSS RECEIPTS FROM SALES MADE AND/OR WORK % % STEPSTEP 3.3. ORWAGES,WAGES,OR SERVICESSERVICESSALARIES,SALARIES,PERFORMEDPERFORMEDANDAND OTHEROTHER(SEE(SEECOMPENSATIONCOMPENSATIONINSTRUCTIONS).INSTRUCTIONS).PAID.PAID. %%%% STEPSTEP4.3.3.SCHEDULE 4.TOTALTOTALWAGES,WAGES,PERCENTAGES.PERCENTAGES.SALARIES,SALARIES,Y BUSINESSANDAND OTHEROTHERALLOCATIONCOMPENSATIONCOMPENSATIONFORMULAPAID.PAID. %%%% a. LOCATED b. LOCATED IN c. PERCENTAGE 4. 5.5. 4. TOTAL PERCENTAGES.TOTAL PERCENTAGES.AVERAGE PERCENTAGE (Divide Total Percentages By 3. A factor is applicable even though itAVERAGE PERCENTAGE (Divide Total Percentages By 3. A factor is applicable even though itEVERYWHERE THIS MUNICIPALITY (b ÷ a) % % 5.5. AVERAGEmayAVERAGEmay bebe allocableallocablePERCENTAGEPERCENTAGEentirelyentirely inin(Divide(Divideoror outsideoutsideTotalTotalTHETHEPercentagesPercentagesCITYCITY ofof CANTON).CANTON).ByBy 3.3. AA factorfactor isis applicableapplicable eveneven thoughthough itit %% STEP 1. AVG. may beORIGINALallocable entirelyCOST OFin orREALoutside& TANG.THEPERSONALCITY of CANTON).PROPERTY % GROSS ANNUAL RENTALS PAID MULTIPLIED BY 8may be allocable entirely in or outside THE CITY of CANTON). % TOTAL STEP 1. % STEPLINELINE2. 4.4.GROSSALLOCATEDALLOCATEDRECEIPTSNETNETFROMPROFIT/LOSSPROFIT/LOSSSALES MADE(LINE(LINEAND/OR33 MULTIPLIEDMULTIPLIEDWORK BYBY STEPSTEP 55 SCHEDULESCHEDULE Y)Y) 4.4. $$ OR SERVICES PERFORMED (SEE INSTRUCTIONS). 4. $ % LINE 4. ALLOCATED NET PROFIT/LOSS (LINE 3 MULTIPLIED BY STEP 5 SCHEDULE Y) STEPLINE3. 4.WAGES,ALLOCATEDSALARIES,NETANDPROFIT/LOSSOTHER COMPENSATION(LINE 3 MULTIPLIEDPAID. BY STEP 5 SCHEDULE Y) 4. $ % LINE 5. NET OPERATING LOSS CARRY FORWARDLINE 5. NET OPERATING LOSS CARRY FORWARD 5. $(5. $( )) LINELINE4. 5.5.TOTALNETNET OPERATINGOPERATINGPERCENTAGES.LOSSLOSSATTACHATTACHCARRYCARRYSCHEDULESCHEDULEFORWARDFORWARD 5.5. $($( ))% 5. AVERAGE PERCENTAGEATTACHATTACH(DivideSCHEDULESCHEDULETotal Percentages By 3. A factor is applicable even though it may be allocable entirely in or outside THE CITY of CANTON). % LINE 6. CANTON TAXABLE INCOME (LINE 4 PLUS LINE 5)LINE 6. CANTON TAXABLE INCOME (LINE 4 PLUS LINE 5) 6. $6. $ LINELINE IF 6.6. CANTONCANTONIF LOSS ENTERTAXABLETAXABLEZEROINCOMEINCOMEAND CARRY(LINE(LINE 44FORWARDPLUSPLUS LINELINETO5)5)NEXTLOSSYEARENTER ZERO AND CARRY FORWARD TO NEXT YEAR 6.6. $$ IF LOSS ENTER ZERO AND CARRY FORWARD TO NEXT YEAR LINELINE 4. 4. ALLOCATEDIFCANTONLOSS ENTERTAXABLENETZEROPROFIT/LOSSINCOMEAND CARRY(LINE(LINEFORWARD6 FROM3 MULTIPLIEDCARRYOVERTO NEXTBYYEARSTEPNOL UTILIZED5 SCHEDULEMULTIPLIEDY) BY STEP 5, SCHEDULE Y) 4. $ ENTER LINE 4 ON PAGE 1 LINE 1ENTER LINE 4 ON PAGE 1 LINE 1 LINE 5. NET OPERATING LOSS CARRY FORWARD ENTER LINE 4 ON PAGE 1 LINE 1ENTER LINE 4 ON PAGE 1 LINE 1 5. $( ) SCHEDULE Y-1SCHEDULE Y-1 ATTACH SCHEDULEReconciliation to Form W-3, Withholding ReconciliationReconciliation to Form W-3, Withholding Reconciliation SCHEDULE Y-1 SCHEDULE Y-1 Reconciliation to Form W-3, Withholding ReconciliationReconciliation to Form W-3, Withholding Reconciliation Total wages allocated to Canton (from Federal Return or allocation formula)Total wages allocated to Canton (from Federal Return or allocation formula) $ $ Total wages allocated to Canton (from Federal Return or allocation formula) $ LINETotalTotal6.wageswagesCANTONshownallocatedonTAXABLEFormto Canton W-3INCOME(Withholding(from Federal(LINEReconciliation)4ReturnPLUSorLINEallocation5) formula) 6. $ $ $ Total wages shown on Form W-3 (Withholding Reconciliation) $ Total wagesIF LOSSshown onENTERFormZEROW-3 (WithholdingAND CARRYReconciliation)FORWARD TO NEXT YEAR $ Please explain any difference:Total wages shown on Form W-3 (Withholding Reconciliation) $ Please explain any difference: Please explain any difference:Please explain any difference: ENTER LINE 4 ON PAGE 1 LINE 1 SCHEDULE Y-1 Reconciliation to Form W-3, Withholding Reconciliation Please explain any difference:Total wages allocated to Canton (from Federal Return or allocation formula) $ Total wages shown on Form W-3 (Withholding Reconciliation) $ |