2022 www.ashlandincometax.com 2022 INDIVIDUAL ASHLAND CITY INCOME INDIVIDUAL TAX RETURN TAX OFFICE USE ONLY IF YOU MOVED DURING THE FILING IS REQUIRED, EVEN IF NO TAX IS DUE TAX YEAR, GIVE DATES: TOTAL PAID $________ INTO ASHLAND / / CHECK # _________ ___ RESIDENT ___ NON-RESIDENT OUT OF ASHLAND / / NAME(S): TAXPAYER SOCIAL SECURITY # __________________________ ADDRESS: SPOUSE SOCIAL SECURITY # __________________________ PHONE NO: ________________ EMAIL_________________________________________ ______________ ACCOUNT NO. EXEMPTION FORM : IF EXEMPT- STOP HERE, SIGN, DATE AND MAIL □ UNEMPLOYED □ RETIRED □ ACTIVE MILITARY □ UNDER 18 YRS OF AGE - BIRTHDATE: ______________ □ OTHER: ___________________________ 1. WAGES, SALARIES & TIPS (BOX 5 ON W-2 OR HIGHEST WAGE ON W-2) (ATTACH ALL W-2S) 1. $______________________ 2. OTHER INCOME: Federal Schedule C, E, K-1, 1099s, GAMBLING & MISC 2. $______________________ (ATTACH ALL SCHEDULES & TENANT ROSTERS) (1099RS ARE NOT TAXABLE) (BUSINESS OR RENTAL LOSSES CANNOT OFFSET W-2 WAGES) 3. NET OPERATING LOSS (SEE WORKSHEET A), IF ANY 3. $______________________ 4. ADJUSTED BUSINESS INCOME (LINE 2 MINUS LINE 3) 4. $______________________ 5. TOTAL INCOME (LINE 1 PLUS LINE 4) 5. $______________________ 6. ASHLAND INCOME TAX (2% OF LINE 5) 6. $______________________ 7. A. ASHLAND INCOME TAX WITHHELD BY EMPLOYERS 7A. $_________________ B. TAXES PAID TO OTHER CITIES (LIMIT 1% OF BOX 18) 7B. $_________________ C. ESTIMATED TAXES PAID / PRIOR YRS OVERPAYMENT 7C. $_________________ D. TOTAL CREDITS (ADD A, B AND C) 7D. $______________ 8. TAX DUE (LINE 6 MINUS 7D) 8. $______________________ 9. A. OVERPAYMENT CLAIMED IF LINE 8 IS NEGATIVE 9A. $_________________ B. ENTER AMT OF LINE 8 YOU WANT APPLIED TO NEXT YR 9B. $_________________ C. ENTER AMT OF LINE 8 YOU WANT REFUNDED 9C. $_________________ 10. INSUFFICIENT ESTIMATED TAXES PAID PENALTY (15% OF ESTIMATES UNPAID FOR 2022) 10. $_____________________ 11. INTEREST (.42% PER MONTH OF LINE 8) 11. $_____________________ 12. LATE FILING PENALTY ($25 PER MONTH UP TO A MAXIMUM OF $150) 12. $_____________________ 13. TOTAL INTEREST AND PENALTIES (ADD LINES 10-12) 13. $_____________________ 14. AMOUNT DUE FOR 2022 No payment or refund for amount under $10.00 14. $_____________________ DECLARATION OF ESTIMATED TAX FOR 2023 TAX YEAR THIS SECTION MUST BE COMPLETED IF AMOUNT FOR TAX YEAR 2022 IS AT LEAST $200.00 15. ESTIMATED TAXABLE INCOME FOR 2023 15. $_______________ 16. ESTIMATED TAX DUE (MULTIPLY LINE 15 BY 2%) 16. $_______________ 17. TAXES TO BE WITHHELD & PAID TO ASHLAND 17. $_______________ 18. TAXES PAID TO OTHER CITIES (LIMIT OF 1%) 18. $_______________ 19. TOTAL OF LINES 17 & 18 19. $______________ 20. NET ESTIMATED TAX DUE (LINE 16 MINUS LINE 19) 20. $_____________________ 21. FIRST QUARTER ESTIMATE (MULTIPY LINE 20 BY 22.5%) 21. $_______________ 22. LESS OVERPAYMENT FROM 9B 22. $_______________ 23. AMOUNT DUE FOR FIRST QUARTER (LINE 21 MINUS LINE 22) 23. $_____________________ 24. TOTAL AMOUNT DUE ( ADD LINES 14 & 23) - PAY IN FULL WITH RETURN 24. $_____________________ I CERTIFY, TO THE BEST OF MY KNOWLEDGE, THAT THIS RETURN, SCHEDULES & STATEMENTS ARE TRUE & CORRECT. (Signature(s) Required) Taxpayer's Signature _____________________________________________________ Date _______________ Spouse's Signature ______________________________________________________ Date _______________ Preparer's Signature _________________________ Date ________ Company Name ______________ Phone No _________ I (WE) AUTHORIZE THE INCOME TAX DEPT TO DISCUSS THIS RETURN & ENCLOSURES WITH THE PREPARER ABOVE □ Check Here |
WORKSHEET A 2017 2018 2019 2020 2021 2022 NOL Carryforward 50% of NOL Loss Used This Year (Limit 50%) NOL Available for Next Year INSTRUCTIONS RESIDENCY STATUS: You must complete the residency status information. NAME, ADDRESS, PHONE NUMBER and EMAIL: Please make any changes on the form. IDENTIFICATION NUMBERS: Enter Social Security Number of taxpayer and spouse. LINE 1 - WAGES - Enter Medicare Wages located in Box 5 of W-2, include salaries and tips. If no wages appear in Box 5, use the highest wages that appear on the W-2.* * All copies of W-2's MUST be attached to the tax return. LINE 2 - OTHER INCOME - Federal Schedules C, E, K-1, 1099s, Gambling & Lottery Winnings.** Business or rental losses cannot offset W-2 wages. ** All Schedules & Tenant Roster must be attached to the tax return. LINE 3 - NET OPERATING LOSS - See Worksheet A LINE 4 - ADJUSTED BUSINESS INCOME - Line 3 minus Line 2. LINE 5 - TOTAL INCOME - Line 1 plus Line 4, if Line 4 is positive. If Line 4 is negative, carry down Line 1. LINE 6 - ASHLAND TAXABLE INCOME - Multiply Line 5 by 2% and enter that amount. LINE 7 - ALLOWABLE CREDITS A. Ashland Income Tax withheld by employer(s) B. Taxes paid to other cities (Limit of 1% of W-2 Box 18 paid to cities other than Ashland)(This credit is for residents only) C. Estimated taxes paid / Prior year overpayment D. Total credits (Add A, B and C) LINE 8 - TAX DUE - If Line 5 is more than Line 7D, enter the difference. This is the amount of tax due. Amounts under $10.00 are not payable. LINE 9 - OVERPAYMENT A. If Line 6 is less than 7D, enter the difference. This is the amount of the overpayment. B. Enter the portion of 9A that you would like applied to next year's return. C. Enter the portion of 9A that you would like refunded. Amounts under $10.00 will not be refunded. LINE 10 - INSUFFICIENT ESTIMATED TAXES PAID PENALTY - If Line 8 is more than $200.00 and is less than 90% of the previous year's tax due, you are subject to a penalty of 15% of taxes unpaid on the Declaration of Estimated Taxes. LINE 11 - INTEREST - Interest will be added to any unpaid tax balance after April 18th. The interest rate is .42% per month. LINE 12 - LATE FILING PENALTY - If your return is filed after April 18th, you are subject to a penalty of $25.00 per month it is late. The maximum penalty is $150.00. LINE 13 - TOTAL INTEREST AND PENALTIES - Add Lines 10-12. LINE 14 - AMOUNT DUE - Add Line 8 and Line 13 and this will be the amount due for 2022. DECLARATION OF ESTIMATED TAX This section must be completed if amount due for tax year 2022 is at least $200.00 LINE 15 - Enter the total amount of income estimated to be earned in 2023. LINE 16 - Multiply the estimated income by 2% (.02). LINE 17 - Enter the amount of taxes estimated to be withheld by your employer for Ashland. LINE 18 - Enter the amount of taxes paid to other cities ( Limit is 1% of wages with other city withholding). LINE 19 - Total taxes paid to Ashland & other cities ( Add Lines 17 & 18). LINE 20 - Net estimated tax due for 2023 (Subtract Line 19 from 16). LINE 21 - First quarter estimate ( Multiply Line 20 by 22.5%). LINE 22 - Amount from Line 9B. LINE 23 - Amount due for the first quarter (Subtract Line 22 from Line 21). LINE 24 - TOTAL AMOUNT OF TAXES DUE (Add Lines 14 & 23) BY APRIL 18TH. MAKE CHECKS OR MONEY ORDERS PAYABLE TO: CITY OF ASHLAND FINANCE DIVISION 218 LUTHER ST, ASHLAND, OH 44805 PH: (419) 289-0386 FAX: (419) 289-9225 Pay Online at: OfficialPayments.Com |