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CITY OF LAPEER
ESTIMATED INCOME TAX PAYMENT VOUCHERS L 1040ES/L ‐ 1120‐ ES/L 1065ES‐
AND INSTRUCTIONS FOR INDIVIDUALS, CORPORATIONS AND PARTNERSHIPS
WHO MUST MAKE ESTIMATED INCOME TAX PAYMENTS:
A. INDIVIDUALS AND UNINCORPORATED BUSINESSES: Every resident or nonresident who expects taxable income from which the
Lapeer Income Tax will not be withheld must make estimated income tax payments. Payments are not required if the estimated
tax is $100 or less. A husband and wife may make joint estimated income tax payments.
B. Corporations: Every corporation (including a Subchapter S corporation) subject to tax on all or part of its net profits must make
estimated income tax payments. Payments are not required from a corporation if the estimated tax is $250 or less.
C. Partnerships: A partnership electing to pay the tax on behalf of its partners must make estimated income tax payments.
Payments are not required if the estimated tax is $100 or less. If the partnership elects to pay the tax on behalf of the partners,
a partner is not required to make estimated payments as an individual unless the partner has other income on which the
income tax is expected to exceed $100.
WHEN AND WHERE TO PAY THE ESTIMATED TAX:
A. CALENDAR YEAR TAXPAYERS: The first estimated payment must be made on or before April 30 of the tax year. The estimated
tax may be paid in full with the first quarter payment or may be paid in four (4) equal installments which are due on or before
April 30, June 30, September 30, of the tax year and January 31 of the next year.
B. FISCAL YEAR TAXPAYERS: The first estimated payment must be made within four months after the beginning of the fiscal period.
The estimated tax may be paid in full with the first payment or it may be paid in four (4) equal installments on or before the last
day of the fourth, sixth, ninth and thirteenth months after the beginning of the fiscal year.
C. WHERE TO SEND PAYMENTS: Mail payments to: City of Lapeer Income Tax Dept, 576 Liberty Park, Lapeer MI 48446
INCOME SUBJECT TO LAPEER INCOME TAX:
A. RESIDENTS; All salaries, wages, bonuses, commissions and other compensation, net profit from a business or profession, net
rental income, capital gains less capital losses, interest and dividends, income from estates and trusts, and other income.
B. NONRESIDENTS: Salaries, wages, bonuses, commissions and other compensation, for services rendered or work performed in
Lapeer; net rental income from property located in Lapeer; net profits from a business, profession or other activity to the extent
that it is from work done, services rendered or activity conducted in Lapeer; capital gains less capital losses from the sale of real
or tangible personal property located in Lapeer.
CALCULATION OF ESTIMATED INCOME TAX:
A. Calculate the estimated income tax due using the Worksheet below. Round computations to the nearest dollar.
B. The annual return for the previous year may be used as the basis for computing your estimated tax for the current year.
C. The same figures used for estimating your federal income tax, adjusted to exclude any income not taxable or deductions not
allowed under the Uniform City Income Tax Ordinance (MCL 141.601 et seq.), may be used.
WITHHOLDING TAX CREDITS AND OTHER TAX CREDITS:
A. WITHHOLDING TAX CREDITS: You may subtract from your estimated Lapeer Income Tax the amount of Lapeer Income Tax
expected to be withheld. (Worksheet Line 5).
B. INCOME TAX PAID BY PARTNERSHIP: If you are a member of a partnership which elects to pay the tax on behalf of its partners,
you may subtract from your estimate of Lapeer income tax, the amount of tax expected to be paid by the partnership on your
distributive share of net profit. (Worksheet line 6)
C. INCOME TAX PAID TO ANOTHER CITY: If you are a resident of Lapeer and pay income tax to another city on income earned
outside of Lapeer you may subtract from your estimate of Lapeer Income tax the amount of income tax expected to be paid to
the other city. This credit may not exceed the amount of tax assessable under the Lapeer Income Tax Ordinance on the same
amount of income of a nonresident. (Worksheet line 6)
WORKSHEET FOR CALCULATION OF ESTIMATED TAX FOR TAX YEAR _________
1. TOTAL LAPEER INCOME EXPECTED $
2. EXEMPTIONS ($600 for each exemption; Does not Apply to corporations) $
3. ESTIMATED LAPEER TAXABLE INCOME. (Line 1 less Line 2) $
4. ESTIMATED LAPEER INCOME TAX BEFORE CREDITS. $
Nonresident individuals enter ½% of line 3,
All other Taxpayers enter 1% of Line 3.
5. AMOUNT OF LAPEER TAX TO BE WITHHELD $
6. AMOUNT OF OTHER TAX CREDITS $
7. ESTIMATED LAPEER INCOME TAX DUE. (Line 4 less Lines 5 and 6) $
If line 7 is $100 or less for individuals or unincorporated businesses or $250 or less for corporations this payment is not required.
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