CITY OF LAPEER L-1065 2______ PARTNERSHIP INCOME TAX RETURN FOR CALENDAR YEAR 2_______ OR OTHER TAXABLE PERIOD BEGINNING _________________, 2_______ AND ENDING __________, 2________ IDENTIFICATION AND INFORMATION NAME OF PARTNERSHIP Federal Employer Identification Number PLEASE Type of Return - Check one TYPE NUMBER AND STREET Information only Payment on behalf of all partners OR Date Business Started PRINT CITY, TOWN OR POST OFFICE STATE ZIP CODE Number of Employees on December 31 Number of Partners Initial Lapeer Return Final Lapeer Return Telephone Number ATTACH A COPY OF PAGES 1-4 OF FEDERAL 1065 AND SCHEDULE K Main Address in Lapeer SOCIAL SECURITY COLUMN A COLUMN B COLUMN C COLUMN D NAME AND HOME ADDRESS OF EACH PARTNER OR FEDERAL NON C= CORP IDENTIFICATION RESIDENT RESIDENT PART-YEAR O= OTHER (Also, fill in the Social Security or Federal I.D. numer and Column A,B,C or D NUMBER FULL YEAR FULL YEAR RESIDENT P=PTNRS a. FROM TO b. FROM TO c. FROM TO d. FROM TO e. FROM TO NOTE 1 The partnership may pay tax for partners only if it pays for ALL partners subject to the tax. If the partnership elects to use this return as an information return, complete page 2 and fill in column 1 below; it will not be necessary to fill in columns 2 through 6 since a computation of tax need not be made. NOTE 2 A partner who has other income in addition to the partnership income must file an individual return and show on such return the amounts entered below in columns 1, 2 and 6. A partner who is claiming an exemption as a member of another partnership is NOT to claim the exemption in this partnership return in column 3. INCOME SCHEDULE 1: TAX PAYMENT BY PARTNERSHIP (If information return only, disregard columns 2 thru 7) COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 NONRESIDENT ADJUSTED PARTNERSHIP ALLOWABLE INDIVIDUAL EXEMPTIONS TAXABLE INCOME RESIDENT TOTAL TOTAL TAX CREDITS (SEE INCOME (FROM PAGE 2, DEDUCTIONS (SEE (SEE NOTE 2 AND (COLUMN 1 LESS TAX (MULTIPLY (MULTIPLY INSTRUCTIONS) SCHEDULE C, COLUMN 7) INSTRUCTIONS) INSTRUCTIONS) COLUMNS 2 AND 3) COLUMN 4 BY .01 ) COLUMN 4 BY (See note 1 above) .005 ) 1. a. $ $ $ $ $ $ $ 2. b. 3. c. 4. d. 5. e. 6. Totals $ $ $ $ $ $ $ 7. Total tax (add line 6 of column 5 and 6) $ PAYMENTS AND CREDITS 8. a. TAX PAID WITH EXTENSION $ b. CREDITS AND PAYMENTS ON DECLARATION OF ESTIMATED LAPEER INCOME TAX $ c. OTHER CREDITS-EXPLAIN IN ATTACHED STATEMENT $ 9. TOTAL - ADD LINES 8a, b AND c (THIS TOTAL MUST AGREE WITH THE TOTAL OF COLUMN 7 ABOVE) $ TAX DUE OR OVERPAYMENT 10. IF YOUR TAX (LINE 7) IS LARGER THAN YOUR PAYMENTS (LINE 9) ENTER BALANCE DUE BALANCE DUE >> $ 11. IF THE PAYMENTS (LINE9) ARE LARGER THAN THE TAX (LINE 7 TOTAL) ENTER OVERPAYMENT OVERPAYMENT>> $ 12. OVERPAYMENT TO BE CREDITED FORWARD AND APPLIED TO ESTIMATED TAX CREDIT FORWARD $ 13. OVERPAYMENT TO BE REFUNDED REFUND $ DIRECT DEPOSIT a. ROUTING NUMBER (MUST BE 9 DIGITS) ____ ____ ____ ____ ____ ____ ____ ____ ____ c. SAVINGS OF REFUND b. ACCT # ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ ____ CHECKING I DECLARE THAT I HAVE EXAMINED THIS RETURN (INCLUDING ACCOMPANYING SCHEDULES) AND TO THE BEST OF MY KNOWLEDGE AND BELIEF, IT IS TRUE, CORRECT AND COMPLETE. IF PREPARED BY A PERSON OTHER THAN THE TAXPAYER, THIS DECLARATION IS BASED ON ALL INFORMATION OF WHICH THE PREPARER HAS MY KNOWLEDGE. I AUTHORIZE THE INCOME TAX DEPARTMENT TO DISCUSS THIS RETURN AND ATTACHMENTS WITH THE PREPARER. YES NO SIGN / / DATE SIGNATURE OF PARTNER OR MEMBER TITLE PHONE SIGN / / DATE PREPARER'S SIGNATURE NAME OF FIRM AND ADDRESS PHONE PAY BALANCE DUE IN FULL WITH THIS RETURN. MAKE REMITTANCE PAYABLE TO: LAPEER CITY TREASURER MAIL TO: INCOME TAX DEPARTMENT, 576 LIBERTY PARK, LAPEER MI 48446 |
SCHEDULE A - ALLOCABLE PARTNERSHIP INCOME 1. ORDINARY INCOME (OR LOSS) FROM PAGE 1, LINE 22, U.S. PARTNERSHIP RETURN OF INCOME, FORM 1065 $ 2. ADD INTEREST AND OTHER COSTS INCURRED IN CONNECTION WITH THE PRODUCTION OF INCOME EXEMPT FROM LAPEER INCOME TAX $ 3. ADD CITY OF LAPEER INCOME TAX, IF DEDUCTED IN DETERMINING INCOME ON FEDERAL FORM 1065 $ 4. DEDUCT SECTION 179 DEPRECIATION (FED SCH. K. LINE 12) AND OTHER DEDUCTIONS ALLOWED (ATTACH EXPLANATION) $ 5. TOTAL ADJUSTED INCOME SUBJECT TO ALLOCATION - (ADD LINES 1, 2 AND 3 AND SUBTRACT LINE 4) $ SCHEDULE B - NON-BUSINESS INCOME AND EXCLUSIONS COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 RESIDENT NON-RESIDENT TAXABLE ATTACH COPY OF FEDERAL SCHEDULE K (1065) FEDERAL FORM TOTAL NON- PARTNERS' TAXABLE RESIDENT PARTNER'S NONRESIDENT 1065 REFERENCE BUSINESS INCOME EXCLUSIONS OF PARTNER'S SHARE EXCLUSIONS OF PARTNER'S SHARE ATTACH SCHEDULES TO EXPLAIN ALL EXCLUSIONS COL. 1 OF COL. 1 COL. 1 OF COL.1 INTEREST AND DIVIDENDS 1. Interest Income Sch. K, Line 5 2. Dividend income Sch.K, Line 6a SALE OR EXCHANGE OF PROPERTY (SEE INSTRUCTIONS) 3. Net short term capital gain (loss) Sch K, Line 8 4. Net long term capital gain(loss) Sch K, Line 9a 5. Net Section 1231 gain (loss) Sch K, Line 10 RENT AND ROYALTIES (IF NON-BUSINESS INCOME INCLUDES RENTAL REAL ESTATE, ATTACH COPY OF FEDERAL FORM 8825) 6. Net income (loss) from rental real estate activities Sch K, Line 2 7. Net income (loss) from other rental activities Sch K, Line 3c 8. Royalty Income Sch K, Line 7 OTHER INCOME 9. Other income Sch K, Line 11 10. TOTALS (Add lines 1 through 9) SCHEDULE C - DISTRIBUTION TO PARTNERS COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6a COLUMN 6b COLUMN 7 NONRESIDENT GUARANTEED INCOME SUBJECT NONRESIDENT ALLOCATED RESIDENT PARTNER'S PARTNER'S TOTAL INCOME (Add PAYMENTS TO TO ALLOCATION ALLOCATION BUSINESS INCOME NONBUSINESS INCOME NONBUSINESS Columns 5, 6a and 6b) (Enter ADJUSTED PARTNERS (Add column 1 and PERCENTAGE PER (Column 3 times % in (total equals Sch. B Column INCOME (Total here and on page 1, column BUSINESS INCOME (Fed.1065, line 10) Column 2) SCH.D (Enter 100% Column 4) 3, Line 10) equals Sch. B Column 1) PARTNER (Schedule A, Line 5) for resident partners) 5, Line 10) a. b. c. d. e. TOTALS SCHEDULE D - BUSINESS ALLOCATION FORMULA COLUMN 1 COLUMN 2 COLUMN 3 LOCATED EVERYWHERE LOCATED IN LAPEER PERCENTAGE 1 a. AVERAGE NET BOOK VALUE OF REAL AND TANGIBLE PERSONAL PROPERTY (Column 2 divided b. GROSS ANNUAL RENT PAID FOR REAL PROPERTY ONLY MULTIPLIED BY 8 by column 1) c. TOTALS (ADD LINES 1a. and 1b.) 2. TOTAL WAGES, SALARIES, COMMISSIONS AND OTHER COMPENSATION OF ALL EMPLOYEES 3. GROSS RECEIPTS FROM SALES MADE OR SERVICES RENDERED 4. TOTAL PERCENTAGES-ADD THE PERCENTAGES COMPUTED IN COLUMN 3, LINES 1c, 2 AND 3 (A PERCENTAGE MUST BE COMPUTED FOR EACH LINE) 5. BUSINESS ALLOCATION PERCENTAGE (DIVIDE LINE 4 BY THE NUMBER OF FACTORS) ENTER HERE AND ON SCHEDULE C , COL 4 (SEE NOTE BELOW) NOTE 3 IN DETERMINING THE BUSINESS ALLOCATION PERCENTAGE (LINE 5), A FACTOR SHALL BE EXCLUDED FROM THE COMPUTATION ONLY WHEN SUCH FACTOR DOES NOT EXIST ANYWHERE INSOFAR AS THE TAXPAYER'S BUSINESS OPERATION IS CONCERNED, IN SUCH CASES, THE SUM OF THE REMAINING PERCENTAGES SHALL BE DIVIDED BY THE NUMBER OF FACTORS ACTUALLY USED. IN THE CASE OF A TAXPAYER AUTHORIZED BY THE INCOME TAX ADMINISTRATOR TO USE ONE OF THE SPECIAL FORMULAE, ATTACH AN EXPLANATION AND USE THE LINES PROVIDED BELOW: a. NUMERATOR c. PERCENTAGE (a. DIVIDED BY b.) ENTER HERE AND ON SCH C, COL. 4 b. DENOMINATOR d. DATE OF ADMINISTRATOR'S APPROVAL LETTER L-1065 PAGE 2 |