Individual Earning Tax Return - Elmwood Place Income Tax Bureau (Page 2 of 2) in pdf

NOTE:

Page 2 must be completed if you have taxable rental property or business income.

THIS PAGE TO BE COMPLETED ONLY BY THOSE WHO HAVE MUNICPAL TAXABLE INCOME OTHER THAN

WAGES OR WHO CLAIM EXPENSES AS A DEDUCTION FROM SUCH WAGES.

13. PROFIT FROM ANY BUSINESS OWNED (ATTACH COPY OF FEDERAL SCHEDULE C)

14. RENTAL INCOME (ATTACH COPY OF FEDERAL SCHEDULE E)

15. OTHER TAXABLE INCOME (ATTACH COPY OF APPROPRIATE FEDERAL SCHEDULE)

16. TOTAL OTHER INCOME (LINES 14 THRU 16)

17. CREDITS/DEDUCTIONS

a. EMPLOYMENT EXPENSES INCLUDED IN LINE 1 THAT ARE ALLOCABLE TO ELMWOOD PL. ATTACH

SCHEDULE 2106

b. NON-TAXABLE OR NET LOSS PER PREVIOUS RETURN

c. TOTAL CREDITS/DEDUCTIONS

18. NET OTHER TAXABLE INCOME (INSERT IN LINE 2 PAGE 1)

INSTRUCTIONS

FOR COMPLETION OF LINES 1 THRU 18

Should be the total of gross wages received. If two income family, W-2’s should be added together. All W-2’s must be attached.

(Photocopies acceptable).

To be completed only if you are required to complete page 2. NOTE: Business/Rental losses may NOT be used to offset wages.

Credit for tax paid to another City is limited to 2% of the amount of income on which tax was withheld. You must take each W-2 and compute the

tax credit individually – then insert the total of those tax credits on Line 5c.

List tax-withheld by employer for Elmwood Place

Total estimated tax paid to Elmwood Place

Credit for tax paid to another City must be adjusted to credit limitation of 2% on that portion of income taxed by said City.

Tax credit per individual may not exceed 2%. Excess credit paid to other Cities may not be applied to spouses tax credit.

Overpayment carried forward from prior year.

Total lines 5a through 5d.

OVERPAYMENT WILL BE APPLIED TO CURRENT YEAR ESTIMATE UNLESS RESIDENT MOVED OUT OF ELMWOOD PLACE.

Insert the amount of income you expect to make this year. Estimation should not be less than last years earnings unless otherwise noted.

11.

You may pay the entire amount declared with the filing of this form.

If you intend to continue in business, in addition to working, please advise in order that you may be sent a business form in the future. Since any

13.

expenses must be audited, your business or professional expenses cannot be accepted without a Schedule C or E. This also applies to Lines 14

and 15.

A-Credit will be allowed only when a W-2 is attached and all expenses must be substantiated by proper schedules. B-Applicable for non-residents

17.

where the employer withholds on their entire salary, attach W-2.

NOTE: UNLESS ACOMPANIED BY PAYMENT OF THE BALANCE OF THE

TAX DECLARED DUE (LINE 6) AND AT LEAST ¼ OF THE ESTIMATED

TAX FOR

(LINE 10) THIS FORM IS NOT A LEGAL FINAL RETURN OR DECLARATION.

DECLARATION AND RETURN PAYMENT CALDENDAR

APRIL 30, 2001

JULY 31, 2001

OCT. 31, 2001

JAN. 31, 2002

APRIL 30, 2002

Filed Declaration

Make 2

Make 3

Make 4

File return. Pay

With 1/4

payment

quarterly payment

any balance due.

Individual Earning Tax Return - Elmwood Place Income Tax Bureau Page 2

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