Enlarge image | File With Form BR Fiscal Year Period EVENDALE TAX DEPARTMENT VILLAGE OF EVENDALE Beginning _______________ 10500 Reading Road Evendale, Ohio 45241 2023 – BUSINESS INCOME TAX RETURN – 2023 Ending _______________ PHONE 513.563.2671 FILE WITHIN 3½ MONTHS OF ENDING DATE. FAX 513.563.4636 FILE ON OR BEFORE APRIL 15, 20 . 24FILING REQUIRED EVEN IF NO TAX IS DUE. www.evendaleohio.org A copy of the Federal Income Tax Return must be attached to the Evendale Tax Return. interest and penalties. TAXPAYER NAME AND ADDRESS PRINCIPAL BUSINESS ACTIVITY ______________________________________ CORPORATION S CORPORATION PARTNERSHIP SOLE PROPRIETORSHIP FEDERAL I.D. # ______________________________ PHONE # _____________ ARE YOU A RESIDENT? YES NO DID YOU FILE A RETURN LAST YEAR? YES NO HAS THE IRS CHANGED YOUR RETURN IN THE LAST 3 YEARS? YES NO DATE MOVED INTO EVENDALE _________ DATE MOVED OUT OF EVENDALE __________ FEDERAL EXTENSION FILED YES (Attach Copy) NO INCOME 1. ADJUSTED FEDERAL TAXABLE INCOME (ATTACH COPY OF FEDERAL RETURN & SCHEDULES) ....................................................... $ ________________ ADJUSTMENTS 2. a: ITEMS NOT DEDUCTIBLE .................................................................... ADD $ ________________ TO INCOME b: ITEMS NOT TAXABLE (SCHEDULE X, LINE Z) ......................................................................DEDUCT $ ________________ c: DIFFERENCE BETWEEN LINES 2a AND 2b TO BE ADDED OR SUBTRACTED FROM LINE 1 ................................................. (+ OR -) $ ________________ 3. a: ADJUSTED FEDERAL TAXABLE INCOME AFTER SCHEDULE X LINE 1 +/ LINE 2c IF A LOSS, THIS IS YOUR "NEW" NOL; SEE 3b ....... .$ ________________ b: APPORTIONMENT PERCENTAGE (SCHEDULE Y, STEP 5) ____________% TIMES LINE 3A ..................................................... $ ________________ c: LESS ALLOCABLE NET OPERATING LOSS - SCHEDULE REQUIRED (5 YEAR MAXIMUM) ...................................................................$ ________________ 4. EVENDALE TAXABLE INCOME (LINE 3b - LINE 3c) ....................................................................................................................... $ ________________ TAX 5. EVENDALE TAX: 1.2% OF LINE 4 .................................................................................................................................................... $ ________________ PAYMENTS AND 6. CREDITS: CREDITS a: PAYMENTS AND CREDITS ON 20 DECLARATION23 OF ESTIMATED TAX ............................................. $ ________________ b: PRIOR YEAR OVERPAYMENTS .......................................................................................................... $ ________________ c: TOTAL CREDITS ALLOWABLE ...........................................................................................................................$ ________________ BALANCE DUE, 7. 20 VILLAGE23 OF EVENDALE TAX DUE (LINE 5 LESS LINE 6c) .......................................................................................$ ________________ REFUND OR a: LATE FILING FEE ($25.00) ............................................................................................................... $ ________________ CREDIT b: PENALTY DUE (15% OF THE AMOUNT NOT TIMELY PAID) ................................................................ $ ________________ c: INTEREST DUE (7% ON ALL TAX NOT TIMELY PAID) See instructions ................................................. $ ________________ No taxes or refunds d: TOTAL 2023 BALANCE DUE 7 PLUS LINE 7A THROUGH LINE No Payment due if $10.00 or less ................$ ________________ of $10.00 or less shall be collected or 8. OVERPAYMENT REFUND $ _____________ OR CREDIT $ _____________ TO NEXT YEAR’S ESTIMATE refunded. Refunds (If Line 6c is greater than Line 5) If you wish to have your refund directly deposited into your savings or checking account, complete the information below. and Credits will be Otherwise, your refund will be mailed to you at the taxpayer address indicated above. reported to the IRS TYPE: CHECKING OR SAVINGS as required by law. ROUTING NUMBER ACCOUNT NUMBER DECLARATION OF ESTIMATED TAX FOR YEAR 2024 ESTIMATE FOR 9. TOTAL ESTIMATED INCOME SUBJECT TO TAX .............................................................................................................................. $ ________________ NEXT YEAR 10. EVENDALE INCOME TAX DECLARATION (LINE 9 MULTIPLIED BY 1.2%) ........................................................................................ $ ________________ 11. TAX DUE BEFORE CREDITS (MULTIPLY LINE 10 BY 25%, or MINIMUM 22.5%) .............................................................................. $ ________________ 12. LESS OVERPAYMENT FROM PRIOR YEAR (LINE 8, AMOUNT CREDIT TO NEXT YEAR) ......................................................................$ ________________ 13. NET ESTIMATED TAX DUE WITH THIS RETURN (LINE 11 LESS LINE 12) ........................................................................................ $ ________________ TOTAL DUE 14. TOTAL AMOUNT DUE (LINE 7d PLUS LINE 13) ................................................................................................................................. $ ________________ Make remittance payable to the Village of Evendale, or to pay by credit card, visit www.evendaleohio.org/tax-department. I CERTIFY THAT I HAVE EXAMINED THIS RETURN (INCLUDING ACCOMPANYING SCHEDULES AND STATEMENTS) AND TO THE BEST OF MY KNOWLEDGE AND BELIEF, IT IS TRUE, CORRECT AND COMPLETE. IF PREPARED BY A PERSON OTHER THAN TAXPAYER, THIS DECLARATION IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. CHECK HERE IF WE MAY CONTACT THE TAX PREPARER DIRECTLY WITH QUESTIONS REGARDING THIS RETURN. ______________________________________________________________________ TO PAY BY CREDIT CARD Signature of Taxpayer or Agent (Required) Date An online payment option is available to pay by credit card using VISA, MasterCard ______________________________________________________________________ or Discover. For more information or to pay by credit card please visit our website at: Title, If Signing for a Business Date www.evendaleohio.org/tax-department ______________________________________________________________________ Email address for Taxpayer or Agent Signing For use by Tax Department ______________________________________________________________________ Signature of Person Preparing if Other Than Taxpayer Date ______________________________________________________________________ Address Phone Number |
Enlarge image | SCHEDULE X: Reconciliation with Federal Return as Required by ORC Section 718 ITEMS NOT DEDUCTIBLEITEMS NOT DEDUCTIBLE ADDADD ITEMS NOT TAXABLEITEMS NOT TAXABLE DEDUCTDEDUCT a. Capital Losses (IRC 1221 or 1231 property)..............................................$ ________________a. Capital Losses (IRC 1221 or 1231 property) ..............................................$ ________________ n. Capital Gains (IRC 1221 or 1231 property except to the extent the n. Capital Gains (IRC 1221 or 1231 property except to the extent the b. Expenses attributable to intangible income b. Expenses attributable to intangible income income and gains apply to those described in IRC 1245 or 1250).............$ ________________income and gains apply to those described in IRC 1245 or 1250) .............$ ________________ (5% of total intangible income, excluding capital gains).........................$ ________________(5% of total intangible income, excluding capital gains) .........................$ ________________ o. Federally reported intangible income such as, but not limited to, o. Federally reported intangible income such as, but not limited to, c. Taxes based on or measured by net income .............................................$ ________________c. Taxes based on or measured by net income .............................................$ ________________ interest and dividends and Other Intangible Income as dened in ORC 718.01(S) ......................................................................................$ ________________in ORC 718.01(S)......................................................................................$ ________________ d.e. Guaranteed payments to current or former partners, shareholders or members..............................................................................................$ ________________ r.r.OtherOther(Explain)(Explain).........................................................................................$.........................................................................................$________________________________ ___________________________________________________ f. Real Estate Investment Trust (REIT) distributions .....................................$ ________________in accordance with ORC 718.06(E)(3)(b) ..................................................$ ________________ ___________________________________________________ ______________________________________________________________________________________________________ e. Guaranteed payments to current or former partners, shareholders h. Other (Explain) ........................................................................................$ ________________ ______________________________________________________________________________________________________ ___________________________________________________ ______________________________________________________________________________________________________ f. ___________________________________________________ ______________________________________________________________________________________________________ g. Amounts___________________________________________________paid or accrued to or for health or life insurance for current or former partners, ______________________________________________________________________________________________________ m. Total Additions (Enter on Line 2a, page 1) ...............................................$ ________________ z. Total___________________________________________________Deductions (Enter on Line 2b, page 1) .............................................$ ________________ h. Other (Explain)........................................................................................$ ________________ ___________________________________________________ m.Total Additions (Enter on Line 2a, page 1)...............................................$SCHEDULE________________Y: Business Apportionment Formula a. LOCATED EVERYWHERE b. LOCATED IN EVENDALE c. PERCENTAGE (b ÷a) STEP 1. ORIGINAL COST OF REAL AND TANGIBLE PERSONAL PROPERTY ________________ ________________ ________________ GROSS ANNUAL RENTALS PAID MULTIPLIED BY 8 ________________ ________________ ________________÷ a) TOTAL STEP 1 ________________________________ ________________________________ _______________________________% STEP 2. GROSSGROSSRECEIPTSANNUALFROMRENTALSSALESPAIDMADEMULTIPLIEDAND/OR WORKBY 8 OR SERVICES PERFORMED ________________________________ ________________________________ _______________________________% STEP 3. WAGES, SALARIES AND OTHER COMPENSATION PAID ________________ ________________ _______________% 4. TOTAL PERCENTAGES _______________% 5. AVERAGE PERCENTAGE (Divide total percentages by number of percentages used.) Carry to Line 3b, Page 1 ................................................................................................._______________% 4. TOTAL PERCENTAGES _______________% INSTRUCTIONS FOR LINES 1 THROUGH 9 1. Attach copy of Federal return and schedules. Enter the Adjusted Federal Taxable Income (AFTI) as defined by the ORC 718.01. AFTI means a C Corporation’s Federal taxable income before net operating losses and special deductions. Other business entities must compute the AFTI as if they were a C Corporation. Generally, this is the line titled "Income (Loss) Reconciliation” on the Schedule K of the Form 1120S for subchapter S Corporations or the line titled “Analysis of Net Income (Loss)” of the Form 1065 for Partnerships and Limited Liability Companies. 2. All business entities must use Schedule X, page 2, to determine items not taxable/deductible. 3a. Business entities with less than 100% of operations located in Evendale must use Schedule Y. 3b. EnterMultiply theLineapportionment3a by Line 3 percentage from Schedule Y, Step 5, and multiply the result by Line 3a. 3c. Enter the amount of the loss carryforward, if applicable. (The 50% NOL limitation ended 12/31/22). Beginning January 1, 2023, the full amount of the NOL allowed by ORD #23-71, Exhibit A, may be carried forward for a maximum of 5 (five) years. 4. Subtract Line 3c from Line 3b. 7a. Late filing fee for all tax returns is $25.00. 7b. 7b.Penalty due is 15% of the amount not timely paid. 7c. Interest is imposed on all tax not timely paid. The rate is adjusted annually based on the federal short-term rate + 5%. Please visit the Village website for the interest rate(s) or call the Tax Department at (513) 563-2671 for questions regarding the interest rate(s). 7d. 7d. IndicatesIndicatesamountamountofofTAXTAXDUE. DUE. IfIfthisthislinelineisisequalequaltoto more NPSFthanUIBO$10.00,$10.00, fullfullpaymentpaymentmustmustbe receivedbe receivedononor beforeor beforethethedueduedate.date.If thisIf thislinelineis $10.00is $10.00or less, PStheMFTTamount, the amountis notis not collectible – enter zero. collectible – enter zero. 8. If LineIf Line6c is6cgreateris greaterthanthanLineLine5, enter5, enterthetheamountamountof theof theoverpaymentoverpaymentto betorefundedbe refundedand/orand/orcredited.credited.TheTheoverpaymentoverpaymentwillwillbe creditedbe creditedto nextto nextyearyearunlessunlessa refunda refundis requested. is requested. If If the overpayment amount is $10.00 or less, the amount will not be refunded. 9. As required by Ohio Law, estimated tax must be computed and remitted on a quarterly basis if the estimated amount for the year (Line 10) exceeds $200.00. To avoid penalties, As required by Ohio Law, estimated tax must be computed and remitted on a quarterly basis if the estimated amount for the year (Line 10) exceeds $200.00. To avoid penalties, estimated payments must be equal to 100% of the prior year’s tax liability, or 90% of the current year’s tax liability. See the schedule below for Declaration and quarterly estimated tax payment due dates. NEW! For tax years ending after December 31, 2022, the extended due date for a taxpayer that is not an individual shall be the 15th day of the eleventh month after the last day of the taxable year in which the return relates. (ORD #23-71, Exhibit A). 2024 DECLARATION AND RETURN PAYMENT CALENDAR APRIL 15, 2024 JUNE 17, 2024 SEPTEMBER 16, 2024 DECEMBER 16, 2024 APRIL 15, 2025 File 2023 Income Tax Return RemitRemit2nd 2nd RemitRemit 3rd 3rd Remit 4th quarterly File 2024 Income Tax Return with 2024 Declaration and quarterly paymentquarterly payment quarterly paymentquarterly payment paymentpayment with 2025 Declaration and 1st quarterly payment. 1st quarterly payment VILLAGE OF EVENDALE OHIO GA TEWAY TO OP PORTUNITY Income Tax Department | 10500 Reading Road, Evendale, Ohio 45241-2574 | Phone 513-563-2671 EESSTT. . 11995511 |