Enlarge image | 2022 CITY OF WOOSTER BUSINESS INCOME TAX RETURN For calendar 2022 or tax year beginning __________________, __________, ending _________________, __________ Federal Identification Number File Number Company Name and Address Do not write MAIL TO : in this area CITY OF WOOSTER INCOME TAX PO BOX 1088 WOOSTER OH 44691 Questions ? 330-263-5226 Wooster Business Location: City Taxable Income - Attach Federal Return & Supporting Statements 1 Taxable income (loss) per copy of complete federal return attached,see instructions 1 2 Adjustments complete schedule Z On back of return A. Items not deductible Schedule Z Line F 2A B. Items not taxable Schedule Z Line L 2B ( ) 3 Adjusted Net Income (Loss) Add lines 1 and 2A, then subtract Line 2B *If a loss this is your NOL for 2022 3 A. Pre-Apportioned loss deduction 3A ( ) 4 Wooster Taxable Income - Subtract line 3A from 3 4 5 Amount allocable to Wooster income tax (multiply line 4 by schedule Y percentage of __________________%) 5 6 Wooster income tax Multiply line 5 by .015 (1.5%) 6 Payments 7 A. 2021 Overpayment 7A B. 2022 Estimated tax payments 7B C. Amount paid with extension towards 2022 taxes 7C 8 Total payments Add lines 7A, B, C 8 Refund or Amount Due ***Amounts $10.00 or Less Are Not Be Due and Will Not Be Refunded*** 9 Amount overpaid If line 8 is greater than line 6, enter overpayment 9 10 Amount due If line 6 is greater than line 8, enter tax due if amount is $10.00 or less enter 0 10 11 Amount of Line 9 to be refunded No refund if amount on line 9 is $10.00 or less 11 12 Amount of Line 9 to be applied towards 2023 estimated taxes 12 13 Late filing penalty $25.00 (Per month or fraction thereof, not to exceed $150.00) 13 Penalty & Interest 14 Penalty 15% of amount not paid timely 14 15 Interest .42% per month of tax not paid timely 15 Declaration of Estimated Tax for 2023 16 2023 Tax estimate $ __________________ Amount from Line 9 $ Remaining estimate due 16 17 AMOUNT DUE WITH RETURN (add lines 10, 13, 14, 15& 16 make check payable to "City of Wooster") 17 I declare that I have examined this return and the 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. Do you authorize your preparer to contact us regarding this return? Yes □ No □ Signature of Officer Date Paid Preparer's Signature Date Title Firm (or individual) Telephone Number Preparer's address PLEASE SIGN ABOVE Preparer's telephone number 3 |
Enlarge image | SCHEDULE Y BUSINESS ALLOCATION FORMULA A. Located Everywhere B. Located in Wooster C. Percentage (B/A) 1 Average original cost of real & tangible personal property Gross annual rental paid multiplied by 8 Total Step 1 % 2 Gross receipts from sales and/or services provided % 3 Wages, salaries, paid employees, etc. % 4 Total percentages % 5 Average percentage (divide total percentages by % number of percentages used) SCHEDULE Z Reconciliation with Federal Income Tax Return ITEMS NOT DEDUCTIBLE ITEMS NOT TAXABLE A Capital/ IRS Section G Capital/IRS Section 1221/1231 losses 1221/1231 gains B 5% of expenses applicable to non- taxable income H Dividends C Taxes based on income I Interest income Amounts paid or accrued to D qualified retirement, health and life insurance plans on behalf of J Royalties (intangible) E Other (please list): K Other (please list): F Total- Enter on line 2A L Total- Enter on line 2B 4 |