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PROFIT OR LOSS FROM SCHEDULE C & E OR K-1
(A COPY OF THE FEDERAL FORM 1040 AND APPLICABLE SCHEDULES MUST BE ATTACHED)
1. SCHEDULE C NET PROFIT OR LOSS .............................................................................................................................................................. $
2. SCHEDULE E NET PROFIT OR LOSS (ATTACH TENANT LIST WITH DATES) .............................................................................................. $
3. NET PROFIT OR LOSS (Add Lines 1 and 2) ...................................................................................................................................................... $
4. ADD ITEMS NOT DEDUCTIBLE.......................................................................................................................................................................... $
5. DEDUCT ITEMS NOT TAXABLE .......................................................................................................................................................................... $( )
6. LESS ALLOCABLE NET LOSS CARRY FORWARD (Five year limit) ............................................................................................................... $( )
7. NET PROFIT OR LOSS TAXABLE BY THE CITY OF MASSILLON (Line 3 + Line 4 - Line 5 - Line 6) ............................................................ $
CODES AND REASONS FOR EXEMPTION OF INCOME - SIGNATURE ON FRONT IS REQUIRED
CODE # REASON
001 Retired, Receiving only pension, Social Security, interest or dividends.
002 Under 18 years of age all of 2016.2022. (Attach documentation of date of birth).
003 Active Duty Military for all of 2016.2022. This does not include civilians employed by the military or the National Guard.
004 Taxpayer is deceased. Give date of death:
005 Moved from Massillon prior to January 1, 2016.2022.Give date of move and new address (Attach required documentation).
006 On Governmental assistance, received no other income.
007 Received only alimony and/or child support and no other income.
008 Unemployed during all of 2016,2022,received only unemployment compensation and no other income.
009 Disabled during all of 2016,2022,received only Worker’s Compensation.
The total of line 6(b) must be calculated individually per W-2 to determine the credit limit for taxes paid to another city: IF THE TAX RATE
OF THE CITY TAX WITHHELD IS LESS/EQUAL TO 2%, THEN ENTER 100% of LOCAL TAX WITHHELD AMOUNT IN SECTION 2 BELOW.
IF TAX RATE IS HIGHER THAN 2%, THEN COMPLETE SECTION 1.
SECTION 1 CITY_______________________Local Tax Amount Withheld_________________________
______________W -2 Box 5 x 2%____________x 100% = credit____________
CITY_______________________Local Tax Amount Withheld______________ ____________
______________ W-2 Box 5 x 2%_____________X 100% = credit_____________
City_______________________ Local Tax Amount Withheld_________________________
_____________ W-2 Box 5 x 2%_____________x 100% = credit_____________
SECTION 2 City_______________________
__________________ Local Tax Amount Withheld x 100% = Credit____________
City______________________
__________________ Local Tax Amount Withheld x 100% = Credit____________
A� ach worksheet if addi onal� lines are needed TOTAL CREDIT LINE 6(b): ____________
IMPORTANT INFORMATION
YOU MUST FILE THE mandatory declaration of estimated tax for 2023 (on the face of this form), together with the first quarter estimated
tax due (1/4 of the annual estimated tax), on or before APRIL 18, 2023. Additional payments of at least 1/4 of the annual estimated tax
must be paid on or before June 15, 2023, September 15, 2023, and January 15, 2024. Please send in the Supplied Quarterly Estimate
Payment forms to identify your payments. (No Quarterly payment notice will be sent to remind you to make your quarterly payments,
so please mark your calendars.)
If the amount payable as estimated taxes is at least two hundred ($200.00), quarterly estimated payments are required in accordance with
Massillon City Ordinance 181.07 and Ohio revised Code 718.08. page 2
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