| 2023 Newark City Business Tax Return Calendar Year Taxpayers File by: April 15, 2024 Fiscal Year Taxpayers File By: 15th Day of 4th Month After Year End Enter Fiscal Year to Name: Address: CSZ EIN: 1. Adjusted Federal Taxable Income per attached return 1 2. Adjustments ( Form Schedule X, Line Q) 2 3. Taxable Income before Apportionment 3 4. Apportionment Percentage ( 100% or Schedule Y, Step 5) 4 5. Adjusted Net Taxable Income 5 6. Newark City Tax Due ( line 5 times 1. 75%) 6 7. Estimated Tax Payments plus prior year carryover 7 8. Other Credits - provide explanation and documentation 8 9. Total Credits 9 10. Tax Due 10 11. Overpayment 11 12. Balance Due ( if less than $10. 01 enter 0) 12 13. Overpayment Amt carried forward Amt Refund ( If overpayment is less than $10. 01 enter 0) Declaration of Estimated Tax for 2024 Required if estimated tax is $200. 00 or more. 14. Estimated Income subject to Newark City Tax 14 15. Estimated Tax ( line 14 times 1. 75%) 15 16. Quarterly Payment Due 16 17. Credit carried forward from prior year 17 18. Amount Due for 1st Quarter 18 19. Balance due with Return ( line 12 plus line 18) 19 Make checks payable to Newark City Income Tax I hereby declare that the above information is true, correct and complete. Signature Title Date Preparer signature Date May we contact your preparer directly with any questions? Yes No Schedule X Items not Deductible A. Capital Losses ( IRC 1221 OR 1231 property) A B. Expenses attributable to non-taxable income ( 5% non-taxable) B C. Federally deducted taxes based on income C D. Guaranteed payments or accruals to partners/members D E. Federally deducted dividends, distributions or amounts set aside for, credited, or distributed to REIT or RIC investors E F. Federal deducted amount for qualified self-employed retirement and health and life insurance plans for owners of non-C corps F G. Rental activities by Ptshp, S corp, LLC, Trusts G H. Other ( explain and document) H I. Total Deductions I Items not Taxable J. Federal reported income/gains from IRC1221 OR 1231 property dispositions except to the extent the income/gains apply to those described in IRC 1245 or 1250 - not ordinary gains J K. Federally reported intangible income K L. Federal tax credits to the extent they have reduced corresponding operating expenses L M. IRC Section 179 expenses M N. Charitable contributions of Ptshp, S Corp, LLC N O. Other ( explain and document O P. Total Deductions P Q. Total Adjustment ( Line I minus P, enter on Page 1, Line 2) Q Schedule Y - Business Apportionment Formula Everywhere Newark City % 1. Avg cost of real & tangible personal property Gross annual rentals multiplied by 8 Total Step 1 2. Gross receipts - sales/work/services performed 3. Employee wages, salaries and compensation 4. Total percentages 5. Average percentage - carry to Page 1, Line 4 Mail to: Questions? | 2023 Newark City Business Tax Return Calendar Year Taxpayers File by: April 15, 2024 Fiscal Year Taxpayers File By: 15th Day of 4th Month After Year End Enter Fiscal Year to Name: Address: CSZ EIN: 1. Adjusted Federal Taxable Income per attached return 1 2. Adjustments ( Form Schedule X, Line Q) 2 3. Taxable Income before Apportionment 3 4. Apportionment Percentage ( 100% or Schedule Y, Step 5) 4 5. Adjusted Net Taxable Income 5 6. Newark City Tax Due ( line 5 times 1. 75%) 6 7. Estimated Tax Payments plus prior year carryover 7 8. Other Credits - provide explanation and documentation 8 9. Total Credits 9 10. Tax Due 10 11. Overpayment 11 12. Balance Due ( if less than $10. 01 enter 0) 12 13. Overpayment Amt carried forward Amt Refund ( If overpayment is less than $10. 01 enter 0) Declaration of Estimated Tax for 2024 Required if estimated tax is $200. 00 or more. 14. Estimated Income subject to Newark City Tax 14 15. Estimated Tax ( line 14 times 1. 75%) 15 16. Quarterly Payment Due 16 17. Credit carried forward from prior year 17 18. Amount Due for 1st Quarter 18 19. Balance due with Return ( line 12 plus line 18) 19 Make checks payable to Newark City Income Tax I hereby declare that the above information is true, correct and complete. Signature Title Date Preparer signature Date May we contact your preparer directly with any questions? Yes No Schedule X Items not Deductible A. Capital Losses ( IRC 1221 OR 1231 property) A B. Expenses attributable to non-taxable income ( 5% non-taxable) B C. Federally deducted taxes based on income C D. Guaranteed payments or accruals to partners/members D E. Federally deducted dividends, distributions or amounts set aside for, credited, or distributed to REIT or RIC investors E F. Federal deducted amount for qualified self-employed retirement and health and life insurance plans for owners of non-C corps F G. Rental activities by Ptshp, S corp, LLC, Trusts G H. Other ( explain and document) H I. Total Deductions I Items not Taxable J. Federal reported income/gains from IRC1221 OR 1231 property dispositions except to the extent the income/gains apply to those described in IRC 1245 or 1250 - not ordinary gains J K. Federally reported intangible income K L. Federal tax credits to the extent they have reduced corresponding operating expenses L M. IRC Section 179 expenses M N. Charitable contributions of Ptshp, S Corp, LLC N O. Other ( explain and document O P. Total Deductions P Q. Total Adjustment ( Line I minus P, enter on Page 1, Line 2) Q Schedule Y - Business Apportionment Formula Everywhere Newark City % 1. Avg cost of real & tangible personal property Gross annual rentals multiplied by 8 Total Step 1 2. Gross receipts - sales/work/services performed 3. Employee wages, salaries and compensation 4. Total percentages 5. Average percentage - carry to Page 1, Line 4 Mail to: Questions? |