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BUSINESS
2023 - 2023
TAXABLE PERIOD BEGINNING ____________________ AND ENDING _________________
CALENDAR YEAR TAXPAYERS FILE ON OR BEFOR APRIL 15, 2024
FISCAL YEAR DUE ON 15 TH DAY OF THE 4TH MONTH AFTER YEAR END
EXTENSION REQUESTS MUST BE ATTACHED TO YOUR RETURN.
1. Adjusted Federal Taxable Income (attach copy of Federal return) . . . . . . . . . . . . . . . . . . . . . . 1 $______________ 1 ______________
2. Adjustmen ts (from Line M, Sch dulee X) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 $______________ 2 ______________
3. Taxable income before apportionment (Line 1 plus/minus Line 2) . . . . . . . . . . . . . . . . . . . . . . 3 $______________ 3 ______________
4. Net loss carryforward (limited to 5 years) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 $______________ 4 ______________
5. Taxable income after NOLs (Line 3 minus Line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 $______________ 5 ______________
6. Apportionment percentage _______% (from Line 5, Schedule Y) . . . . . . . . . . . . . . . . . . . . . . 6 $______________ 6 ______________
7.. Income subject to JEDD Income tax (Line 5 Multiplied by Line 6) . . . . . . . . . . . . . . . . . . . . . . 7 $______________ 7 ______________
8. JEDD tax is 1.5% (0.015) of Line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 $______________ 8 ______________
9. Tax Credits:
A. Estimated Payments . . . . . . . . . . . . . . . . . . . . . . . . . 9 A $_______________ 9A _____________
B. Prior Year Overpayments . . . . . . . . . . . . . . . . . . . . . 9 B $_______________ 9B _____________
C. Total tax credits (Lines 9A and 9B) . . . . . . . . . . . . . 9 C $_______________ 9C _____________
10.0. Balance due (if Line 8 is greater than Line 9C) Line 8 minus Line 9C . . . . . . . . . . . . . . . . . . . 10 $____________ 10 _____________
NO TAX DUE OR REFUNDED IF LESS THAN $10.01
11.1.Overpayment (i f Line 8 is less than Line 9C) Line 9C minus Line 8 . . . . . . . . . . . . . . . . . . . . . 11 $____________ 11 ______________
A. Refund Amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11A $_______________ 11A _____________
B. Credit Amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11B $_______________ 11B _____________
DECLARATION OF ESTIMATED TAX FOR 2024
12. Total estimated income subject to tax (to avoid penalty, no less than Line 7) . . . . . . . . . . . . 12 $_______________ 12 _______________
13. Estimated tax due (multiply Line 12 by 1.5% {0.015}). If less than $200, estimated
payments are not required . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 $_______________ 13 _______________
14. First quarter tax due before credits (at least 25% of Line 13) . . . . . . . . . . . . . . . . . . . . . . . . 14 $_______________ 14 _______________
15. Prior year tax credit from Line 11B above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 $_______________ 15 _______________
16. Net estimated first quarter tax due with this return (Line 14 minus Line 15). (if negative,
enter zero) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 $_______________ 16 _______________
17.TOTAL TAX DUE (Lines 10 and 16). Make Check payable to Middletown Income Tax Divisi on . . 17 $_______________ 17 _______________
*First quarter estimatedth tax paymentsth th shouldth be paid with this return. Subsequent estimated payments
are due by the 15 day of the 6 , 9 and 12 months after the beginning of the taxable year.
FOR OFFICIAL USE ONLY - PENALTY & INTEREST
$ _______________________
FAILURE TO FILE BY APRIL 15 $ _______________________
FAILURE TO PAY TAX DUE BY APRIL 15 $ _______________________
INTEREST $ _______________________
$ _______________________
$ _______________________
GRAND TOTAL $ _______________________
