2023                              www.ashlandincometax.com                                                       2023
BUSINESS                                  ASHLAND CITY INCOME                                                    BUSINESS
                                                  TAX RETURN
TAX OFFICE USE ONLY                                                                                              CALENDAR YEAR ________

TOTAL PAID     $________                  FILING IS REQUIRED, EVEN IF NO TAX IS DUE                              FISCAL YEAR ________

CHECK #        _________                  DUE APRIL 15TH OR THE 15TH DAY OF THE 4TH MONTH AFTER FISCAL YEAR END

NAME:                                                       BUSINESS / FEDERAL ID #  __________________________

ADDRESS:

PHONE:____________________                EMAIL_______________________________________       ______________ ACCOUNT NO.

1. ALL INCOME FROM FEDERAL RETURN 1065, 1120, 1120S & 1041  AND/OR FEDERAL                                       1. $______________________
    RETURN SCHEDULE C, E & K (PLEASE ATTACH ALL RETURNS & SCHEDULES)
2. ADJUSTMENTS (PLUS OR MINUS LINE 19 SCHEDULE X)                                                                2. $______________________
3. SUBTOTAL (LINE 1 PLUS OR MINUS LINE 2)                                                                        3. $______________________
4. NET OPERATING LOSS (SEE WORKSHEET A)(CANNOT BE MORE THAN LINE 3)                                              4. $______________________
5. ADJUSTED BUSINESS INCOME (LINE 3 MINUS LINE 4)                                                                5. $______________________
6. PERCENTAGE ALLOCATION TO ASHLAND (SEE SCHEDULE Y STEP 5)                                                      6.   ____________________%
7. ASHLAND TAXABLE INCOME (MULTIPLY LINE 5 BY LINE 6)                                                            7. $______________________
8. ASHLAND INCOME TAX (2% OF LINE 7)                                                                             8. $______________________
9. ESTIMATED TAX PAID / PRIOR YEAR CREDIT                                        9. $_________________
10. TAX DUE (LINE 8 MINUS LINE 9)                                                                                10. $_____________________
11. A. OVERPAYMENT IF LINE 10 IS NEGATIVE                                         11A. $________________
       B. ENTER AMT OF LINE 10 YOU WANT APPLIED TO NEXT YEAR    11B. $________________
       C. ENTER AMT OF LINE 10 YOU WANT TO BE REFUNDED               11C. $________________
12. INSUFFICIENT ESTIMATED TAXES PAID PENALTY (15% OF ESTIMATES UNPAID FOR 2023)                                 12. $_____________________
13. INTEREST (.83% OF TAX PER MONTH ON LINE 10)                                                                  13. $_____________________
14. LATE FILING PENALTY ($25.00)                                                                                 14. $_____________________
15. TOTAL INTEREST AND PENALTIES  (ADD LINES 12-14)                                                              15. $_____________________
                                          No payment or refund for amount under $10.00
16. AMOUNT DUE FOR 2023                                                                                          16. $_____________________
                                  DECLARATION OF ESTIMATED TAX FOR 2024  TAX YEAR
               THIS SECTION MUST BE COMPLETED If AMOUNT FOR TAX YEAR 2023 IS AT LEAST $200.00
17. ESTIMATED TAXABLE INCOME                                                                 17. $_______________
18. ESTIMATED TAX DUE (MULTIPLY LINE 17 BY 2%)                                                                   18. $_____________________
19. FIRST QUARTERS ESTIMATE (MULTIPLY LINE 18 BY 22.5%)                19. $_______________
20. LESS OVERPAYMENT FROM 11B                                                              20. $_______________
21. AMOUNT DUE FOR FIRST QUARTER (LINE 19 MINUS LINE 20)                                                         21. $_____________________

22. TOTAL AMOUNT DUE (   ADD LINES 16 & 21) - PAY IN FULL WITH RETURN                                            22. $_____________________
I CERTIFY, TO THE BEST OF MY KNOWLEDGE, THAT THIS RETURN, SCHEDULES & STATEMENTS ARE TRUE & CORRECT. (Signature Required)
Taxpayer's/ Statutory Agent 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

                                  MAKE CHECKS OR MONEY ORDERS PAYABLE TO:
                                          CITY OF ASHLAND FINANCE DIVISION
                                          218 LUTHER ST, ASHLAND, OH 44805
                             PH: (419) 289-0386       EMAIL: INCOMETAX@ASHLAND-OHIO.COM
                                          Pay Online at: ashlandincometax.com

                       SCHEDULE X - RECONCILIATION WITH FEDERAL INCOME TAX RETURN
   ITEMS NOT DEDUCTIBLE                                                                            ADD
19 A. Capital Losses (Excluding Ordinary Losses)                               $
B. Expenses incurred in the production of non-taxable income
C. Taxes based on income
D. SUBTOTAL LINES A THROUGH C
   ITEMS NOT TAXABLE                                                                               DEDUCT
E. Other Expenses Not Deductible (Federally Deferred)
F. Capital Gains (Excluding Ordinary Gains)
G. Interest Income
H. Dividends
I. Other
J. SUBTOTAL LINES E THROUGH I
K. TOTAL LINE D MINUS LINE J (Carry Forward to Line 2)

                                        SCHEDULE Y - BUSINESS ALLOCATION FORMULA
                                                                                        a. Located          b. Located in           c. Percentage
                                                                                        Everyw here                Ashland          (b÷a)
STEP 1A. Average Vaule of Real & Tang. Personal Property
   1B. Gross Annual Rentals Paid Mutiplied By 8
                                                        Total of Steps 1A & 1B                                                                    %

STEP 2.       Gross Receipts from Sales Made and/or Services Performed                                                                            %
   3.         Wages, Salaries and Other Compensation Paid                                                                                         %
   4.         Total Percentages                                                                                                                   %
   5.         Average Percentages (Carry over to Line 6)                                                                                          %

                                                            INSTRUCTIONS
OPERATING YEAR: You must complete the operating year information.
NAME, ADDRESS and PHONE NUMBER: Please make any changes on the form.
IDENTIFICATION NUMBERS: Enter the Federal Identification Number.
LINE 1 - ALL INCOME - Federal Schedules and/or Federal Returns C, E, K-1, 1120, 1120S, 1041 and 1065.
LINE 2 - ADJUSTMENTS - Combine the total of "Not Deductible" items and "Not Taxable" items from Schedule X.
LINE 3 - SUBTOTAL - Line 1 minus Line 2.
LINE 4 - NET OPERATING LOSS - See Worksheet A. This line can not exceed the amount on Line 3.
LINE 5 - ADJUSTED BUSINESS INCOME - Line 3 minus Line 4.
LINE 6 - PERCENTAGE ALLOCATION - Per Schedule Y Step 5.
LINE 7 - ASHLAND TAXABLE INCOME - Multiply Line 5 by Line 6.
LINE 8 - ASHLAND INCOME TAX - Multiply Line 7 by 2%.
LINE 9 - ESTIMATED TAX PAID / PRIOR YEAR CREDITS - Estimated tax payment made and credits from prior year.
LINE 10 - TAX DUE - If Line 8 is more than Line 9, enter the difference. This is the amount of tax due. Amounts under $10.00 are not payable.
LINE 11 - OVERPAYMENT 
                     A. If Line 8 is less than Line 9, enter the difference. This is the amount of the overpayment.
                     B. Enter the portion of 11A that you would like applied to next year's return.
                     C. Enter the portion of 11A that you would like refunded. Amounts under $10.00 will not be refunded.
LINE 12 - INSUFFICIENT ESTIMATED TAXES PAID PENALTY -   If Line 10 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 13 - INTEREST - Interest will be added on any unpaid tax balance after April 15th. The interest rate is .83% per month or portion of a month.
LINE 14 - LATE FILING PENALTY - If your return is filed after the filing deadline, you are subject to a penalty of $25.00
LINE 15 - TOTAL INTEREST AND PENALTIES - Add Lines 12-14.
LINE 16 - AMOUNT DUE - Add Line 10 and Line 15 and this will be the amount due for 2023.
                                        DECLARATION OF ESTIMATED TAX
                       This section must be completed if amount due for tax year 2023 is at least $200.00
LINE 17 - 21 - SELF EXPLANATORY - Complete this section if the amount due is over $200.00.
LINE 22 - TOTAL AMOUNT OF TAXES DUE (Add Lines 16 & 21) BY APRIL 15TH OR THE 15TH DAY OF THE 4TH MONTH AFTER FISCAL YEAR END.