- 1 -
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8
1/200
F
Income Taxable to Akron K-1 Income X Taxable %
$0.00 $ $ $ $ $ $ $ $ $ $ $ $ $ $
%
E 11.
00%
0.0000 1 11 37.77%
Taxable Percentage Rate Differential / 2.25
TOTAL INCOME
5
D 8
0.00 2.25 0.25 0.
Worksheet F (Page 2 of Form IR).
Rate Differential 2.25 - Tax Rate
0
4
2.25 0.00 2.00 1.
kron Account Number _____________________________________________
A Name ___________________________________________________________ Tax Rate
for the current year, in
BC add it to Line 1 of Worksheet B (Page 2 of Form IR).
enter it in the column
positive number
Name of Taxing Authority (City or JEDD)
AKRON NON-TAXING AUTHORITY CUYAHOGA FALLS WADSWORTH negative number
Income Tax Division * 1 Cascade Plaza - 11th Floor * Akron, OH 44308 * 330-375-2290
(2) If result is
A
__________
K-1 Income
Tax Year WORKSHEET K This worksheet must be completed by all Akron residents who receive Distributive Share Income from Partnerships and Ohio S-Corporations. Using this form allows you to combine distributive share income from multiple sources using the percentages of K-1 income that are taxable to the City of Akron. $ $ $ $ $ $ $ $ $ $ $ $ $ $ INSTRUCTIONS FOR COMPLETING WORKSHEET K This worksheet is to be completed by Akron residents who received distributions resulting from ownership in a partnership or an Ohio S-Corporation. From Schedule E, Page 2, enter the income from all Partnerships and Ohio S-Corporations as follows: 1) Column A ... amount of K-1 Income allocated to each separate taxing jurisdiction, including Akron. 2) Column B … name of taxing authority (the sample cities shown on the worksheet may be used if appropriate). 3) Column C … tax rate of the city, village or JEDD listed in column B 4) Column D … subtract column C from 2.25 to find Rate Differential. (Note: If the result is less than zero, enter zero.) 5) Column E … divide column D by 2.25 to find Taxable Percentage. 6) Column F … multiply column A by column E. 7) Total Column F. (1) If result is a If more space is needed, make a copy of this worksheet and number them pages 1 & 2.
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