City of Lakewood-Division of Municipal Income Tax 12805 Detroit Ave., Suite1 Lakewood, OH 44107 Telephone: (216) 529-6620 Fax: (216) 529-6099 Website: www.onelakewood.com Email: taxdept@lakewoodoh.net Form L-ES–Declaration of Estimated Tax for Individuals Tax Year: ___________ Per Lakewood Ordinance §128.1303 and 128.1304, taxpayers owingtwohundred dollars ($200.00) or more of estimated tax are required to file a declared estimate of income tax on or before the April filing deadline, or within four (4) months of the date thetaxpayer becomes subject to tax for the first time. _________ _________ Primary Social Security Number Spouse Social Security Number _________________________________________ _____________________________________________ Primary Last Name First Name Initial Spouse Last Name First Name Initial __________________________________________ _________________ _ ____ ______________ Present Address Apt. # City State Zip Code ESTIMATED TAX CALCULATION 1. a. Total taxable income for current tax year $____________ Prorated Income (use this calculation if lived in Lakewood part of the year) b. Annual income Line 1a / 12 months = $______________ c. Monthly income Line 1b x _______ months in Lakewood = $____________ Enter the applicable amount on Line 1 from Line 1a or Line 1c 1. ___________________ (Line 1a or Line 1c) 2. Does your employer withhold income tax for the city you work in 2. ___________________ YES–enter 1% or .01 on Line 2 NO–enter 1.5% or .015 on Line 2 3. Multiply Line 1 by Line 2. Enter amount on Line 3. This is your estimated income 3. ___________________ tax for the entire year. If this amount is lessthan$200–STOP,no estimate required. 4. Multiply Line 3 by 25% or 0.25. 4. ___________________ 5. Estimated income tax payments are BILLED quarterly on the following dates: 5. ___________________ th March 1stth MayDue June15th15th AugustDue September15th15th DueNovemberDecember1515th Due April 15 Circlethe dates that already passed as of the date you are completing this form and enter the number of the dates circled above on Line 5. 6. Multiply Line 4 by Line 5. Enter the amount on Line 6. This is the amount due with 6. ____________________ this form. I hereby declare the information supplied above to be true, correct and complete. Primary Signature_________________________________________________ Date _________________________ Spouse Signature__________________________________________________ Date _________________________ Mail completed form to the above Lakewood address or fax to: (216)529-6099 |
INSTRUCTIONS FOR FORM DECLARATION OF ESTIMATED TAX Per Lakewood Ordinance §128.1303 and 128.1304, taxpayers owing one hundred dollars ($200.00) or more of estimated tax are required to file a declared estimate of income tax on or before April 15 or withinthfour (4) months of the date thetaxpayer becomes subject to tax forthe first time. 1. a. Enter the amount of total taxable income for the year. This includes income from wages, business income,distributive income from businesses, rental property, gambling winnings etc. UTILIZE THE FOLLOWING LINES ONLY IF YOU MOVED INTO LAKEWOOD DURING THE YEAR b.Calculate your monthly income. Divide Line 1a by 12 months. c. Calculate your total income for the time living in Lakewood. Multiply Line 1b by the months living in Lakewood. Enter the applicable amount on Line 1 from Line 1a or Line 1c. 2. Enter the applicable percentage or decimal on Line 2. 3. Multiply Line 1 by Line 2. Enter the amount on Line 3. This is your estimated income tax for the entire year. If this amount is less than $200 – stop – per Lakewood Ordinance §128.1303 no estimated tax declaration is required. 4. Multiply Line 3 by 25% or .25. Enter the amount on Line 4. 5. Estimated income tax is billed by the City on a quarterly basis once a declaration of estimated tax has been filed withour office. To ensure your declared estimate is entered the billing cycle at the appropriate time circle the dates that already have passed as of the date you are completing this form. Enter the number of dates circled on Line 5. 6. Multiply Line 4 by Line 5. Enter the amount on Line 6. This amount is due with this form. If the amount is zero,there are no monies due at this time and upon submission of this form to our office your declared estimate will beentered into the billing cycle. In all cases where the taxpayer is required to file an estimated tax declaration, the taxpayer must provide his/her socialsecurity number, name, and address. This declaration form is not valid and will not be processed without the taxpayer’s signature and date. |