20_____                                                   CITY OF IONIA INCOME TAX                                                  I 1041
                                                                      FIDUCIARY RETURN

             Other taxable period beginning …………………………, 20……. Ending ………………………., 20……….
     PLEASE         NAME OF ESTATE OR TRUST                                                                                                   EMPLOYER 
     PRINT                                                                                                                            IDENTIFICATION NUMBER 
     OR                                                                                                                                OF ESTATE OR TRUST
     TYPE
             NAME, ADDRESS AND TITLE OF FIDUCIARY                                                                                        FOR AUDIT USE

     INCOME
Net profit (or loss) from business located in Ionia:
1. Total net profits (of loss) from business in Ionia:                                                                                $
2. Add City of Ionia income tax deducted from income
3. Total allocable income (Add Lines 1 and 2)
4. Allocation percentage from Schedule A below
5. Allocated income (Multiply Line 3 by Line 4)
6. Net income (or loss) from rental property located in Ionia    (Federal form 1041)
7. Net Income (or loss) from sale or exchange of property in Ionia from January 1, 1994. (Federal Form 1041)
8. Other Ionia income
9. Total Ionia income (Add Lines 5,6,7 and 8)
10. Less amount of Ionia income on line 9 applicable to beneficiaries who are residents of Ionia per following computation:

             Resident beneficiaries share of distributable net income                        Amount on Line 9 less
             received by the estate or trust                                                 any portion of Line 9                    Amount to enter
             Total distributable net incomexreceived                                    =not included in distributable                on Line 10
                                                                                             net income
11. Amount subject to tax (Line 9 less Line 10)
12. TAX (Line 11 multiplied by 1/2%)                                                                                                  $
     MAKE CHECK PAYABLE TO; CITY OF IONIA - MAIL TO INCOME TAX DIVISION, PO Box 512,IONIA ,MI 48846
                                                       SCHEDULE A - BUSINESS ALLOCATION FORMULA
                                                                                                            IIIIII
                                                                                                            LOCATED        LOCATED IN    PERCENTAGE
                                                                                             EVERYWHERE                     Ionia                  II / I
1. Average net book value of real and tangible property
             a. Gross rentals of real property, multiplied by 8
             b. TOTAL (Add Lines 1 and 1a.)                                                                                                              %
2. Total wages, salaries and other compensation of all employees                                                                                         %
3. Gross receipts from sales made or services rendered                                                                                                   %
4. Total percentages (Add percentages shown on Lines 1b, 2 and 3)                                                                                        %
5. Average percentage (One-third of Line 4).  Enter here and on Line 4, income section above                                                             %
             (See instructions when a factor does not exist in the taxpayer's operation)
In the case of a taxpayer authorized by the Administrator to use one of the special formulas, use lines provided below:
a. Numerator _______________________________________c. Percentage (a / b ) _____________________%.  Enter here and on Line 6, income section above.
b. Denominator______________________________________d.  Date of Administrator's approval letter_____________________________

             I declare I have examined this return (including all schedules and accompanying statements) and to the best of my knowledge
             and belief, it is true, correct and complete.  If prepared by a person other than the taxpayer, his declaration is based on all 
             information of which he has any knowledge.

SIGN                 (SIGNATURE OF FIDUCIARY OR OFFICER REPRESENTING FIDUCIARY)                                                       (DATE)
     HERE
                     (SIGNATURE OF PREPARER OTHER THAN FIDUCIARY)                                (ADDRESS)                            (DATE)

                                                                                 RESIDENT BENEFICIARIES
                     1. Name of each resident beneficiary                                  2. Address                                  3. Social Security Number
a.
b.
c.
d.
                                           SCHEDULE B - RESIDENT BENEFICIARIES' SHARES OF EXCLUSIONS
             4. Exclusion for Dividends from National 5. Exclusion for Capital Gains and losses for period prior to         6. Exclusion for Interest from Government 
                     and State Bank Stock                                                January 1, 1994                                          obligations
a.
b.
c.
d.
Totals
                                                                            CONTINUATION OF SCHEDULE B
                  7. Exclusion for Rentals                                          8. Exclusion of Business Income         9. Total Miscellaneous Estate and Trust Income 
                                                                                                                                       Exclusion   ( Add Cols. 6, 7, and 8 )
a.
b.
c.
d.
Totals
NOTE:   Fiduciary shall report amounts in Columns 4, 5, and 9 to each resident beneficiary 
                                           INSTRUCTIONS FOR FORM I-1041 - FIDUCIARY RETURN
 GENERAL                                                                                   INSTRUCTIONS FOR BUSINESS ALLOCATION FORMULA- SCHEDULE A
  Every trust and estate, which had gross income from sources listed under                     The Business Alocation Percentage Formula is to be used by estates or
"Taxable Income," must make and file a form I-1041, City of Ionia Income Tax               trusts with business activity both within and without the City of Ionia,
Fiduciary Return, whether a tax is due or not.  For the purposes of this tax, an estate    who, because they do not maintain sufficient records to accurately reflect
or trust shall be treated as a non-resident individual and a tax rate of one-half of one   the net profits from operations conducted within the City of Ionia, or for
percent shall apply on the earnings listed under "Taxable Income".                         other reasons, are not using the sparate accounting method.
  "Income from estates" means "Income" as defined in Sec. 643 (b) of the                   Line 1- Enter in column 1 the average net book value of all real and
Federal Internal Revenue Code, properly paid, credited or distributed but not in           tangible personal property owned by the business, regardless of location,
excess of the resident individual's share of the distributable net income of the           and in column II, show the net book value of the real and tangible personal
estate, decreased by the amount of depreciation or depletion allowed the resident          property located in the City of Ionia.  The average net book value of real
individual as a deduction under Sec. 642 of the Federal Internal Revenue Code. The         and tangible personal property may be determined by adding the net book
exceptions hereinafter set forth with respect to trusts are also applicable to income      values at January 1, of a taxable year and the net book values at the end of
from estates.  "Income from trusts" means the amount of "Income" as defined in             the year and dividing the sum thus obtained by 2.  Any other method which
Sec. 643 (b) of the Federal Interal Revenue Code,  distributed under Sec. 652 (a)          will accurately reflect the average net book value for taxable year will also be
or 662 (a) (1) of the Federal Internal Revenue Code, decreased by the amount of            permitted.
depreciation or depletion allowed the resident individual as a deduction by Sec 642        Line 1a - Enter in column 1 the gross rentals for taxable year multiplied by 8
of the Federal Internal Revenue Code.                                                      for all rented property regardless of location.  In column II show the gross 
TAXABLE INCOME                                                                             rentals for taxable year multiplied by 8 for all rented property located in the 
  The only types of income taxable to an estate or trust are the following:                City of Ionia. Gross rentals refer only to real property, rented or leased and
(1) That portion of the net profits from the operation of a business or enterprise         should include the actual sums of money or other consideration payable 
operated by the estate or trust that is attributable to business activity conducted        directly or indirectly, by the taxpayer for the use of possession of such real
in Ionia whether or not such business or enterprise is located in Ionia.  For              property for the year.
example, a business located out of Ionia that conducts business in Ionia                   Line 2 - Enter in column I the total compensation paid to all employees during the 
would be taxable on the portion of its net profits properly allocable to such Ionia        taxable year and in column II show the amount of compensation paid to 
business activities.                                                                       employees for work done or for services performed within the City of
(2)  Net Profits from rentals from real and tangible personal property located in          Ionia during taxable year.
Ionia.                                                                                     Line 3 - Enter in column 1 the total gross receipts from all sales or services
(3)  Net profits on the sale or exchange of real and tangible personal property            rendered during taxable year and in column II show the amount of receipts 
located in Ionia.                                                                          derived from sales made or services rendered in the City of Ionia during
(4)  Income from partnerships.                                                             taxable year.  
  Other income, such as dividends and interest, are not taxable to trusts and              RESIDENT BENEFICIARIES' SHARES OF INCOME AND CREDITS - SCHEDULE B
estates.  However, resident beneficiaries must report their distributive shares on           The information for this schedule is to be taken from the comparable columns 
Form P-1040.                                                                               of Schedule C Form 1041 U.S. Fiduciary Income Tax Refund.  However, only 
INSTUCTIONS FOR FILING IN PAGE ONE OF FORM I-1041                                          that information which applies to residents of the City of Ionia is to be shown 
  Line 1 - The total net profit (or loss) is to be computed from page 1 of the             herin.  Fiduciaries shall report amounts in columns 4, 5, and 9 to each resident 
Federal Income Tax Form 1041 by using those lines applicable to any business               beneficiary who will show these amounts as exclusions on the individual 
operation.                                                                                 return I-1040.
  Line 4 and 5 - Before completing these lines, fill out schedule A - Business             TAX DUE OR REFUND
Allocation Formula.                                                                        After computing your Ionia Income Tax, if the tax due is one dollar ($1.00)
  Line 10 - Ionia resident beneficiaries will report their portion of distributable        or more it must be paid when filing this return. Make Check or money order  
net income on their individual returns and should receive this information from            payable to  CITY OF IONIA and mail with this return to City of Ionia
the Fiduciary.  Therefore, this line, which is the resident's share of the Ionia           Income Tax Division, PO Box 512, Ionia,  IM  48846.  Tax due of less 
income, should be subtracted from line 9 to arrive at the amount of Ionia                  than a dollar ($1.00) need not to be paid.
income taxable to the trust or estate.                                                     ASSISTANCE
                                                                                           If you have any questions not answered in these instructions, or
                                                                                           if you need assistance in preparing your return, call (616) 523-0142 or visit 
                                                                                           the Income Tax Division  , located at Ionia City Hall.