City of Fairfield BUSINESS TAX RETURN Income Tax Division 2022 701 Wessel Dr. TO EXPEDITE PROCESSING, OR Fairfield, OH 45014 Phone: (513) 867-5327 PLEASE DO NOT STAPLE FISCAL YEAR ________ TO ________ THIS SPACE IS FOR OFFICIAL USE ONLY Fax: (513) 867-5333 Website: www.fairfield-city.org/213/Income-Tax-Division Did you file a City return last year? Is this a combined corporate return? Should this account be inactivated? YES NO YES NO If YES, please explain: YES NO ACCOUNT NUMBER: FID #: Filing Status (Check one) _____________________ ____________________ C-Corporation BUSINESS NAME: ____________________________ LOCAL ADDRESS: S Corporation LLC ______________________ MAILING ADDRESS ___________________________ ______________________ Partnership/Association Fiduciary ____________________________________________ Amended Return Refund (Amount must be entered on Line 13 to be a valid refund request) Part A : 202 2TAX CALCULATION 1. ADJUSTED FEDERAL TAXABLE INCOME (Enclose Copy of Federal Return) From Form _______ Line _____ 1. 2. ADJUSTMENTS (From Line L, Schedule X) 2. 3. TAXABLE INCOME BEFORE APPORTIONMENT (Line 1 plus/minus Line 2) 3. 4. 4. APPORTIONMENT PERCENTAGE (From Step 5, Schedule Y) ___________ % 5. FAIRFIELD TAXABLE INCOME (Multiply Line 3 by Line 4) 5. 6. 6. OTHER SEPARATELY STATED ITEMS. (Net operating loss carryforward claimed) 7. 7. AMOUNT SUBJECT TO FAIRFIELD INCOME TAX 8. 8. FAIRFIELD INCOME TAX (Line 7 multiplied 1.50%) 9 a. ESTIMATES MADE ON THIS YEAR'S LIABILITY 9 a. 9 b. CREDITS APPLIED TO THIS YEAR'S LIABILITY 9 b. 10. TOTAL PAYMENTS AND CREDITS (Add Lines 9a and 9b) 10. 11. TAX DUE (Subtract Line 10 from Line 8) 11. FEDERAL EXTE SION FILED 12. OVERPAYMENT (Line 10 greater then Line 8) 12. N If yes, attach copy 13. AMOUNT TO BE REFUNDED (Amounts less than $10.0 1will not 13. YES NO be refunded ) 14. CREDIT TO NEXT YEAR (Amounts less than $10.0 1will not be 14. credited) Part B: DECLARATION OF ESTIMATED TAX FOR 2023 15. TOTAL ESTIMATED INCOME SUBJECT TO TAX 15. 16. FAIRFIELD ESTIMATED INCOME TAX DUE (Multiply Line 15 by 1.5%) 16. 17. FIRST QUARTER ESTIMATED TAX DUE BEFORE CREDITS (At least 25% of Line 16) 17. 18. LESS PRIOR YEAR CREDIT (Line 14) APPLIED TO FIRST QUARTERLY PAYMENT 18. 19. BALANCE OF FIRST QUARTER PAYMENT DUE (Line 17 minus Line 18) 19. 20. TOTAL AMOUNT DUE (Add Lines 11 and 19). 20. Make check or money order payable to City of Fairfield. The undersigned declares that this return (and accompanying schedules) is a true, correct, and complete return for the taxable period stated and that the figures used herein are the same as used for Federal Income Tax purposes, and if an audit of Federal return is made which affects tax liability shown on this return, an amended return will be filed Signature Title Date Preparer's Signature (other than taxpayer) Date E-Mail Address: Address of Preparer (City, State, Zip) Phone Number Website Address: If this return was prepared by a tax practitioner, may we contact them directly with any questions concerning the preparation of this return? YES NO |
BUSINESS INCOME TAX RETURN- FAIRFIELD INCOME TAX DIVISION Questions regarding Schedule X and Schedule Y: Refer to Ohio Revised Code Section 718 for assistance. In preparing your FAIRFIELD Business Income Tax Return, you must arrive at "Adjusted Federal Taxable Income" as outlined in ORC 718.01. Refer to ORC 718.02 for instructions regarding Business Apportionment Formula. SCHEDULE X - RECONCILIATION WITH FEDERAL INCOME TAX RETURN ITEMS NOT DEDUCTIBLE ADD ITEMS NOT TAXABLE DEDUCT a. Capital Losses and 1231losses............................................................... n. Capital gains (Do not include ordinary b. Interest and/or other expenses incurred in the production of................ gains from Federal Form 4797).................. non-taxable income (at least 5% of line z, not including line n) o. Interest earned or accrued.......................... c. Taxes on net income deducted to compute federal taxable income........ p. Dividends (less Federal Exclusion)............ d. Guaranteed payments to partners and retired partners........................... q. Other items not taxable (full explanation required) e. Net operating loss deduction per Federal Return.................................... ______________________________ f. Payments to Self-Employed Retirement Plans, health insurance, and ______________________________ life insurance payments to owners or owner-employees ______________________________ g. Distribution to investors of REIT (Real Estate Investment Trusts)........ ______________________________ h. Other items not deductible (full explanation required)........................... r. Royalties (intangible) __________________________________________........................... z. TOTAL DEDUCTIONS.......................... __________________________________________........................... l. Contributions in excess of Federal Limit................................................ m. TOTAL ADDITIONS........................................................................... SCHEDULE Y - BUSINESS APPORTIONMENT FORMULA The business apportionment formula is to be used only in the absence A. LOCATED B. LOCATED IN C. PERCENTAGE of books and records which will disclose within reasonable accuracy EVERYWHERE FAIRFIELD (B/A) that portion of the net profits which is attributable to the City of Fairfield . STEP 1. Average value of real and tangible personal property $ $ Gross annual rents multiplied by 8 $ $ TOTAL STEP1 $ $ % STEP 2. Gross receipts from sales and work or services performed $ $ % STEP 3. Total wages, salaries, commissions, and other compensation of all employees $ $ % STEP 4. Total percentages % STEP 5. AVERAGE PERCENTAGE(Divide total percentages by the number of percentages used - Enter on % line 6 on front of the return % RECONCILIATION TO FORM W-3 (WITHHOLDING RECONCILIATION) Total Wages allocated to Fairfield 1. (From Business Apportionment Formula Step 3) $ Total Wages reported on Form W-3 2. (Withholding Annual Reconciliation) $ 3. Pleas eexplain any difference 4. Are there any employees leased in the year covered by this return? Yes No If Yes, please provide the name, address, and FID number of the leasing company. |