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INSTRUCTIONS FOR WAUSEON CITYINCOME TAX RETURN
GENERAL INSTRUCTIONS FOR WAUSEON INCOME TAX RETURNS
1. WHO IS REQUIRED TO FILE:
This return is to be used by individuals, partnerships, corporations, or any other entity.
2. WHEN AND WHERE TO FILE RETURN:
Taxpayers who end their year on December 31, must file on or before April 15 OR THE IRS
DUE DATE. Taxpayers on a fiscal or partial year basis, must file within 105 days following
the end of such period. This return is to be filed with the Tax Commissioner at
City of Wauseon, Municipal Building, 230 Clinton Street, Wauseon, OH 43567.
3. EXTENSION OF TIME FOR FILING RETURNS:
Taxpayers granted a Federal extension of filing time may be granted an extension of time
for filing their City return by mailing a copy of the Federal extension to the Tax
Commissioner on or before the date due of the return. The extension of filing time does
not extend the date for payment of tax due. Failure to receive the return or extension by
date due will result in a late fee being assessed.
4. FILING STATUS:
All taxpayers are considered individual taxpayers for filing and estimating City tax. The
City of Wauseon permits joint filing for convenience but all income is considered
separately.
5. INCOME SUBJECTTO THE TAX:
A. Salaries, wages, and other compensation earned by Wauseon residents anywhere
and earned by nonresidents for work done or services performed within the City.
B. Net profits of unincorporated businesses regardless of where located if owned by
resident.
C. Net profits of nonresident unincorporated businesses resulting from work done or
services performed within the City. Line 12. Multiply taxable income on Line 11 by 1 / %1 2(.015) to determine tax due before
D. All pre-tax items of income are subject to tax (i.e. deferred amounts, 401K, Cafeteria applicable credits.
Plans, or any other pre-tax items). 1 2
6. WHATCONSTITUTES NETPROFIT: Line 13(A).Total all city tax withheld per W-2 forms (1 / % LIMITATION).
Net profit of any business entity is the same as recognized by the IRS with adjustments Line 13(B) Tax paid1 2 to other cities on income shown on Lines 2 thru 6. Attach copy of other
for Wauseon as required by the Codified Tax Ordinance and ruling of the Tax city tax return (1 / % LIMITATION) to support tax shown.
Commissioner. For tax purposes, net profit is taxable income after all ordinary and Line 13(C) Estimated tax paid this city including prior year carry-over credit, if applicable.
necessary expenses and before net operating loss and special deductions. Line 14. Total credits (Line 13(A) + 13(B) + 13(C).)
7. THE FOLLOWING ARE NOT DEDUCTIBLE IN DETERMINING NET PROFITS FOR Line 15. Balance of tax due. Subtract Line 14 from Line 12.
WAUSEON INCOME TAX: Line 16. Overpayment (if tax credits exceed tax due, enter difference).
A. All taxes based on income (Federal, State, or municipal income taxes).
B. Gift, Estate or Inheritance tax. Line 17. Underpayment Penalty. If Line 14 does not equal 90% of the tax liability shown on
C. Taxes for local benefits or improvements to property which tend to increase its value. Line 12 or 100% of the prior year tax liability (provided the prior year tax was not zero), an
D. Taxes on property producing income and taxable by the Codified Tax Ordinance. underpayment penalty must be computed and entered on this line. Multiply the amount on
E. Interest and/or Other Expense incurred in the production of non-taxable income (at Line 15 by 15%.
least 5% of the total of items not taxable). Line 18. If the tax return is filed after April 15 OR THE IRS DUE DATE or a copy of the Federal
F. Payments to partners per Federal Form 1065 and S-Corp shareholder distributions. extension of filing time was not received by the Tax Commissioner by April 15 OR THE
G. Self-employed 401(k), Keough, HR10 or similar tax deferred plans. IRS DUE DATE, a Late Fee of $25.00 per month or fraction thereof (maximum $150.00)
H. Other expenses not considered ordinary and necessary expenses of doing business. must be entered on this line.
8. LOSSES: Line 19. If the return is filed after April 15 OR THE IRS DUE DATE, interest is assessed at
A. No portion of a net operating loss may be carried back against the net profit of a _______% (See website)
prior year. Line 20. Total amount due (including penalties and interest, if applicable) is entered here.
B. Losses incurred from an unincorporated entity may not be taken against the W-2 Payment in full must accompany return to complete filing requirements. Make check or
wages of the taxpayer or taxpayer’s spouse. money order payable to Commissioner of Taxation.
C. Loss from an unincorporated business owned by a taxpayer may not be taken Line 21. Overpayments shown on Line 16 shall be applied to unpaid penalty and interest
against the profits of an unincorporated business owned by the taxpayer’s spouse.
D. Beginning in 2018, losses from 2017 and forward may be used to reduce net profit charges for prior years; to the taxes owed for any previous year in the order in which such
at 50% .Losses may be carried forward for a maximum of five (5) years. taxes became due; to the first installment of the succeeding year; and if none is applicable,
refunded to the taxpayer. Tax return must be signed for complete filing requirements.
9. INCOME NOTTAXABLE: Line 22. Add payments to partners or distributive shares to partner/member if taken as a
Unemployment or Worker’s Compensation; IRS qualified retirement plans or annuities deduction on the Federal tax return.
received as a result of retirement; interest; dividends; active or reserve military pay; life
insurance proceeds; and income of taxpayers under the age of 16. Line 23. Total all income taxes based on income (Federal, State, and municipal taxes).
Line 24. If you deducted income not subject to Wauseon tax on Line 31, you must add back
SPECIFIC INSTRUCTIONS at least 5% of that income to compensate for expenses attributable to its production. (If now
A. Insert date for period covered by return other than a calendar year. shown, auditor will compute and bill taxpayer for additional due.)
B. Print name and address, social security number or EID number, and Wauseon tax Line 25. Contributions in excess of 10% of net profits.
account number, if known. Line 26. Total additions to income (Add Lines 22 thru 25), transfer to Line 7 on Page 1.
C. Complete taxpayer phone number and period of residency. Line 27. Deduct interest income included in entities shown on Lines 2 thru 5, on Page 1.
Line 1. List wages and salaries, occupation, and wage information from W-2 forms. IF YOU Line 28. Deduct dividend income (less Federal Exclusions).
HAVE NO OTHER INCOME, SKIPTO LINE 11, AND COMPUTE YOUR TAX LIABILITY. Line 29. Deduct income from patents and copyrights.
Line 2. Enter income from self-employment. If partnership income is included on this line, Line 30. Other Deductions (including loss carry-forward) - ATTACH DOCUMENTATION.
complete Section C on Page 2 of this return and attach Schedule ‘E’and K-1 forms. (Codified Tax Ordinance does not allow Federal Schedule A (Itemized Deductions)
Line 3. Enter income from rents, leases, farm income or farm rental income. Attach Schedule for Unreimbursed Employee Business Expense based on Federal Form 2106.) If
‘E’and/or ‘F’as applicable. applicable, Nonresident Refund Forms must beobtained from tax office.
Line 4. Partnership income. If an information return only is filed, complete Section D on Page Line 31. Total deductions from income (Add Lines 27 thru 30), transfer to Line 8, on Page 1.
2 of this return and attach copies of applicable forms. Line 32. If you are a partner in a partnership or Sub ‘S’Corporation, complete this Section
Line 5. All corporate entities report income on this line. Sub ‘S’corporations are to file as an and transfer totals to Page 1, Line 2.
entity, however each resident member/partner is required to report his distributive share on Line 33. If partnership files an information only return with Wauseon, complete this Section.
his Wauseon return. Credit for tax paid, up to 1 / %, will be allowed on this same income.
Attach copy of 1120, 1120A and 1120S including all statements and schedules as filed for Line 34. The business allocation formula is contained in the Codified Ordinance at Section
IRS. 191.02(3) (a), (b), (c), and (d). Compute percentage to at least four decimal places. If
Line 6. List other income subject to Wauseon tax not included on Lines 1 thru 5 on this line. taxpayer is a resident entity and did not have a place of business outside Wauseon, the
Attach 1099’s or substitute form in support on income shown. Income not taxable is interest, percentage is 100%. Transfer allocation percentage to Line 10, Page 1.
dividends, unemployment or worker’s compensation, qualified pension, and social security. TAX PREPARER INFORMATION: Return must be signed by preparer and name of preparer
Line 7 and 8. Bring forward amounts on Line 26 or 31, if applicable. printed legibly, Name and address of firm, and phone number. Asigned form giving the tax
preparer authority to discuss the taxpayer’s tax matters with the Tax Commissioner must
Line 9. Total Lines 1 through 8. accompany the tax return.
Line 10. If allocation formula is used, enter the percentage (carried to at least 4 decimal TAXPAYER: All returns must be signed by the taxpayer who is affirming that all information
points) of allocation and multiply it times Line 9. contained therein is true and correct as filed with the Federal IRS. Return must be signed to
Line 11. Enter total income subject to Wauseon income tax. complete filing requirements.
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