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ATTACH COPIES OF ALL FEDERAL SCHEDULES AND SUPPORTING STATEMENTSATTACH COPIES OF ALL FEDERAL SCHEDULES AND SUPPORTING STATEMENTS
TY 2022TY 2022
ATTACH COPIES OF ALL FEDERAL SCHEDULES AND SUPPORTING STATEMENTSATTACH COPIES OF ALL FEDERAL SCHEDULES AND SUPPORTING STATEMENTS
TY 2022
LINELINETY1. 1. 2022NETNET PROFIT/LOSSPROFIT/LOSS (FORM(FORM 1041,1041, 1065,1065, 1120 1120 1120S,1120S, ETC.)ETC.)
LINE 1. NET PROFIT/LOSS (FORM 1041, 1065, 1120 1120S, ETC.)LINE 1. NET PROFIT/LOSS (FORM 1041, 1065, 1120 1120S, ETC.) 1. $1. $
1. $
SCHEDULE X RECONCILIATION WITH FEDERAL INCOME TAX RETURN - Attach Schedules 1. $
SCHEDULE X RECONCILIATION WITH FEDERAL INCOME TAX RETURN - Attach Schedules
SCHEDULE X RECONCILIATION WITH FEDERAL INCOME TAX RETURN - Attach Schedules
SCHEDULEITEMSX NOTRECONCILIATIONDEDUCTIBLE WITH FEDERAL INCOMEADD TAX RETURN -ITEMSAttachNOTSchedulesTAXABLE DEDUCT
ITEMS NOT DEDUCTIBLE ADD ITEMS NOT TAXABLE DEDUCT
a. Capital Losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . p. Capital gains (Excluding Ordinary Gains From 4797) . .
a. Capital LossesITEMSITEMS. . . . . .NOTNOT. . . . .DEDUCTIBLEDEDUCTIBLE. . . . . . . . . . . . . . . . . . . . . $$ ADDADD p. Capital gainsITEMSITEMS(ExcludingNOTNOTOrdinaryTAXABLETAXABLEGains From 4797) . . $$ DEDUCTDEDUCT
a. Capital Losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . p. Capital gains (Excluding Ordinary Gains From 4797) . .
a.b.b.CapitalExpensesExpensesLossesincurredincurred. . . .inin. .thethe. . .productionproduction. . . . . . . .ofof. .non-taxablenon-taxable. . . . . . . . . . . . . $$ p.q.q. InterestInterestCapital gainsIncome Income (Excluding.. .. .. .. .. ..Ordinary.. .. .. .. .. .. .. ..Gains.. .. .. .. ..From.. .. .. .. ..4797) .. .. .. .. ..... . $$
income (At least 5% of Line t) . . . . . . . . . . . . . . . . . . .ATTACH COPIES OF ALL FEDERAL SCHEDULES AND SUPPORTING STATEMENTS
b.b.TYincomeExpensesExpenses2022(Atincurredincurredleast 5%ininofthetheLineproductionproductiont) . . . . .ofof. .non-taxablenon-taxable. . . . . . . . . . . . r.q.q. r. Dividends Dividends InterestInterestIncome Income .. .. .. .. .. ........................................................................................................................
c. income (At least 5% of Line t) . . . . . . . . . . . . . . . . . . .Taxes based on income . . . . . . . . . . . . . . . . . . . . . . . .
c.LINEincomeTaxes1. based(AtNETleastonPROFIT/LOSSincome 5% of Line. . .t) . ...(FORM..............1041,............1065,..........1120 1120S, ETC.) r.r.s.s. Dividends Dividends OtherOther (Explain)(Explain)....................................................................................................................................
c.c.d.d.TaxesTaxesPaymentsPaymentsbasedbasedtoto partnerspartnersonon income income .. .. ................................................................................................ s.s. . ...OtherOther..........(Explain)(Explain)..................................................................................................................................1.........$. .
d. Payments to partners . . . . . . . . . . . . . . . . . . . . . . . . . .Other (Explain). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
d.e.e.SCHEDULEPaymentsOther (Explain).to partnersX. . . . .....RECONCILIATION.........................................WITH....... FEDERAL INCOME TAX ........RETURN............................................-....Attach................................Schedules................................................................................................
e. OtherTotal Additions(Explain)................................................................
e.f. f. OtherTotal Additions(Explain)................................................................ $$ ........................................................................................................................................................................................
f. Total AdditionsITEMS. . . . . .NOT. . . . .DEDUCTIBLE. . . . . . . . . . . . . . . . . . . . . $ ADD . . . . . . . . . . . . . .ITEMS. . . . . . .NOT. . . . .TAXABLE. . . . . . . . . . . . . . . . . . . . DEDUCT
f. a.CapitalTotal AdditionsLosses ................................................................ $$ t.t. .p.. .TotalTotalCapital. . . . .DeductionsDeductions.gains. . . . .(Excluding. . ...................Ordinary.......................Gains...............From...............4797) .................... $$$
t. Total Deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
b. Expenses incurred in the production of non-taxable t. q. Total Deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Interest Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
LINELINELINEincome2. 2. 2. (AtEXCESSEXCESSEXCESSleast 5%INCOMEINCOMEINCOMEof Line t) /DEDUCTIONS/DEDUCTIONS/DEDUCTIONS. . . . . . . . . . . . . .(SCHEDULE(SCHEDULE(SCHEDULE. . . . . XXX LINE LINE LINE fff MINUSMINUSMINUS LINELINELINEr.t)t)t) Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2.2.2.. . .$$$
c.LINETaxes2. basedEXCESSon income INCOME. . . ./DEDUCTIONS. . . . . . . . . . . . . . .(SCHEDULE. . . . . X LINE f MINUS LINEs.t) Other (Explain) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2.. .$
d. Payments to partners . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
e.LINELINEOther3.3.(Explain).RECONCILEDRECONCILED. . . . . . .NETNET. . . . .PROFIT/LOSSPROFIT/LOSS. . . . . . . . . . . . . .(LINE(LINE. . . . . 11 PLUSPLUS LINELINE 2)2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3.3.. . $$
f. LINELINETotal3.3.AdditionsRECONCILEDRECONCILED. . . . . . . .NETNET. . . .PROFIT/LOSSPROFIT/LOSS. . . . . . . . . . . . . . .(LINE(LINE. . . . .11PLUSPLUS$LINELINE2)2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3.3.. . $$
CARRY OVER NOL UTILIZED t. Total Deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
1. LINENOLSCHEDULESCHEDULE2. EXCESSAvailableINCOMEYY......................................................................................................................................BUSINESSBUSINESS/DEDUCTIONSALLOCATIONALLOCATION(SCHEDULEFORMULAFORMULA X LINE f MINUS LINE t) 2. $
a. LOCATEDa. LOCATED b. LOCATED INb. LOCATED IN c. PERCENTAGEc. PERCENTAGE
2. NOLSCHEDULESCHEDULEafter phaseYY BUSINESSBUSINESSin limitationALLOCATIONALLOCATION(Line 1 x 50%) FORMULAFORMULA......................................................................................EVERYWHEREEVERYWHERE THISTHIS MUNICIPALITYMUNICIPALITY (b(b ÷÷ a)a)
a. LOCATEDa. LOCATED b. LOCATED INb. LOCATED IN c. PERCENTAGEc. PERCENTAGE
STEPSTEP3. 1.1.Current AVG. AVG. FederalORIGINALORIGINALadjustedCOSTCOST OFOFtaxableREALREAL && TANG.TANG.income PERSONALPERSONAL..........................................................................................PROPERTYPROPERTYEVERYWHEREEVERYWHERE THISTHIS MUNICIPALITYMUNICIPALITY (b(b ÷÷ a)a)
STEPSTEP4. 1.1.Line AVG. AVG. GROSSGROSS3 x 50%ORIGINALORIGINALANNUALANNUAL.......................................................................................................................................COSTCOSTRENTALSRENTALSOFOF REALREALPAIDPAID&&MULTIPLIEDMULTIPLIEDTANG.TANG. PERSONALPERSONALBYBY 88PROPERTYPROPERTY
5. LINENOL3.GROSSGROSSTOTALTOTALRECONCILEDdeductionSTEPSTEPANNUALANNUAL1.1.availableNETRENTALSRENTALSPROFIT/LOSStoPAIDPAIDclaimMULTIPLIEDMULTIPLIEDthis(LINEyear1BYBY(lesserPLUS88 LINEof Line2) 2 or Line 4) .............................................. 3. $ %%
STEP 2. STEP 2. TOTAL STEP 1.TOTAL STEP 1.GROSS RECEIPTS FROM SALES MADE AND/OR WORKGROSS RECEIPTS FROM SALES MADE AND/OR WORK %%
6. Taxable income after NOL deduction (Line 3 - 5) ................................................................................
STEP 2. STEP 2. OR SERVICES PERFORMED (SEE INSTRUCTIONS).OR SERVICES PERFORMED (SEE INSTRUCTIONS).GROSS RECEIPTS FROM SALES MADE AND/OR WORKGROSS RECEIPTS FROM SALES MADE AND/OR WORK % %
STEPSTEP 3.3. ORWAGES,WAGES,OR SERVICESSERVICESSALARIES,SALARIES,PERFORMEDPERFORMEDANDAND OTHEROTHER(SEE(SEECOMPENSATIONCOMPENSATIONINSTRUCTIONS).INSTRUCTIONS).PAID.PAID. %%%%
STEPSTEP4.3.3.SCHEDULE 4.TOTALTOTALWAGES,WAGES,PERCENTAGES.PERCENTAGES.SALARIES,SALARIES,Y BUSINESSANDAND OTHEROTHERALLOCATIONCOMPENSATIONCOMPENSATIONFORMULAPAID.PAID. %%%%
a. LOCATED b. LOCATED IN c. PERCENTAGE
4. 5.5. 4. TOTAL PERCENTAGES.TOTAL PERCENTAGES.AVERAGE PERCENTAGE (Divide Total Percentages By 3. A factor is applicable even though itAVERAGE PERCENTAGE (Divide Total Percentages By 3. A factor is applicable even though itEVERYWHERE THIS MUNICIPALITY (b ÷ a) % %
5.5. AVERAGEmayAVERAGEmay bebe allocableallocablePERCENTAGEPERCENTAGEentirelyentirely inin(Divide(Divideoror outsideoutsideTotalTotalTHETHEPercentagesPercentagesCITYCITY ofof CANTON).CANTON).ByBy 3.3. AA factorfactor isis applicableapplicable eveneven thoughthough itit %%
STEP 1. AVG. may beORIGINALallocable entirelyCOST OFin orREALoutside& TANG.THEPERSONALCITY of CANTON).PROPERTY %
GROSS ANNUAL RENTALS PAID MULTIPLIED BY 8may be allocable entirely in or outside THE CITY of CANTON). %
TOTAL STEP 1. %
STEPLINELINE2. 4.4.GROSSALLOCATEDALLOCATEDRECEIPTSNETNETFROMPROFIT/LOSSPROFIT/LOSSSALES MADE(LINE(LINEAND/OR33 MULTIPLIEDMULTIPLIEDWORK BYBY STEPSTEP 55 SCHEDULESCHEDULE Y)Y) 4.4. $$
OR SERVICES PERFORMED (SEE INSTRUCTIONS). 4. $ %
LINE 4. ALLOCATED NET PROFIT/LOSS (LINE 3 MULTIPLIED BY STEP 5 SCHEDULE Y)
STEPLINE3. 4.WAGES,ALLOCATEDSALARIES,NETANDPROFIT/LOSSOTHER COMPENSATION(LINE 3 MULTIPLIEDPAID. BY STEP 5 SCHEDULE Y) 4. $ %
LINE 5. NET OPERATING LOSS CARRY FORWARDLINE 5. NET OPERATING LOSS CARRY FORWARD 5. $(5. $( ))
LINELINE4. 5.5.TOTALNETNET OPERATINGOPERATINGPERCENTAGES.LOSSLOSSATTACHATTACHCARRYCARRYSCHEDULESCHEDULEFORWARDFORWARD 5.5. $($( ))%
5. AVERAGE PERCENTAGEATTACHATTACH(DivideSCHEDULESCHEDULETotal Percentages By 3. A factor is applicable even though it
may be allocable entirely in or outside THE CITY of CANTON). %
LINE 6. CANTON TAXABLE INCOME (LINE 4 PLUS LINE 5)LINE 6. CANTON TAXABLE INCOME (LINE 4 PLUS LINE 5) 6. $6. $
LINELINE IF 6.6. CANTONCANTONIF LOSS ENTERTAXABLETAXABLEZEROINCOMEINCOMEAND CARRY(LINE(LINE 44FORWARDPLUSPLUS LINELINETO5)5)NEXTLOSSYEARENTER ZERO AND CARRY FORWARD TO NEXT YEAR 6.6. $$
IF LOSS ENTER ZERO AND CARRY FORWARD TO NEXT YEAR
LINELINE 4. 4. ALLOCATEDIFCANTONLOSS ENTERTAXABLENETZEROPROFIT/LOSSINCOMEAND CARRY(LINE(LINEFORWARD6 FROM3 MULTIPLIEDCARRYOVERTO NEXTBYYEARSTEPNOL UTILIZED5 SCHEDULEMULTIPLIEDY) BY STEP 5, SCHEDULE Y) 4. $
ENTER LINE 4 ON PAGE 1 LINE 1ENTER LINE 4 ON PAGE 1 LINE 1
LINE 5. NET OPERATING LOSS CARRY FORWARD ENTER LINE 4 ON PAGE 1 LINE 1ENTER LINE 4 ON PAGE 1 LINE 1 5. $( )
SCHEDULE Y-1SCHEDULE Y-1 ATTACH SCHEDULEReconciliation to Form W-3, Withholding ReconciliationReconciliation to Form W-3, Withholding Reconciliation
SCHEDULE Y-1
SCHEDULE Y-1 Reconciliation to Form W-3, Withholding ReconciliationReconciliation to Form W-3, Withholding Reconciliation
Total wages allocated to Canton (from Federal Return or allocation formula)Total wages allocated to Canton (from Federal Return or allocation formula) $ $
Total wages allocated to Canton (from Federal Return or allocation formula) $
LINETotalTotal6.wageswagesCANTONshownallocatedonTAXABLEFormto Canton W-3INCOME(Withholding(from Federal(LINEReconciliation)4ReturnPLUSorLINEallocation5) formula) 6. $ $ $
Total wages shown on Form W-3 (Withholding Reconciliation) $
Total wagesIF LOSSshown onENTERFormZEROW-3 (WithholdingAND CARRYReconciliation)FORWARD TO NEXT YEAR $
Please explain any difference:Total wages shown on Form W-3 (Withholding Reconciliation) $
Please explain any difference:
Please explain any difference:Please explain any difference:
ENTER LINE 4 ON PAGE 1 LINE 1
SCHEDULE Y-1 Reconciliation to Form W-3, Withholding Reconciliation
Please explain any difference:Total wages allocated to Canton (from Federal Return or allocation formula) $
Total wages shown on Form W-3 (Withholding Reconciliation) $
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