City Business Income Tax Return Form - City Of Hamilton, Ohio 2007 Page 2
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1
2Schedule X
Reconciliation With Federal Income Tax Return As Required By ORC Section 718.01
Items Not Deductible
Add
Items Not Taxable
Deduct
A. Capital / Ordinary Losses
B. Taxes On or Measured By Net Income
Guaranteed Payments to Partners,
C. Retired Partners, Members or Other Owners
Expenses Attributable to Non-Taxable Income
Capital Gains
D.
H. (Excluding Ordinary Gains)
(5% of Line I)
Intangible Income
E. Real Estate Investment Trust Distributions
I. (Interest, Dividends, Royalties)
F. Other
J. Other Income Exempt (Explain Below)
Total Additions
$
Total Deductions
$
G.
K.
(Sum Lines A through F)
(Sum Lines H through J)
$
Total
(Combine Lines G and K, Enter Net on Line 2 Page 1)
Schedule Y
Business Apportionment Formula
A. Located Everywhere B. Located In This City C. Percentage (B ÷ A)
TOTAL
Step 1 Original Cost of Real & Tangible Personal Property
Gross Annual Rentals Paid Multiplied By 8
Total Step 1
%
Step 2 Gross Receipts from Sales Made and/or Work or Services
%
Performed
Step 3 Wages, Salaries & Other Compensation Paid (See Schedule Z)
%
Step 4 Total Percentage
%
Step 5 Average Percentage
Divide Total Percentages By Number of Percentages Used.
%
Carry % to Line 3B, Page 1
Schedule Z
Reconciliation to Withholding Tax Reconciliation
A. Total Wages Allocated to This City (From Federal Return or Schedule Y)…………………………………………………………….$_________________
B. Total Wages Shown On Withholding Tax Reconciliation…………………………………………………………………………………$_________________
C. If Lines A and B Do Not Match, Provide a Detailed Explanation or a Billing Letter Will Be Sent For Any Difference:
_______________________________________________________________________________________________________________________________
_______________________________________________________________________________________________________________________________
_______________________________________________________________________________________________________________________________
Additional Required Information
Has Your Federal Tax Liability for any Prior Year Been Changed as a Result of an Examination By the Internal Revenue Service?
No
Yes, List Year(s) ________________________________________
Has An Amended Return Been Filed With this City?
No
Yes
Do You Have Employees Working In The City?
No
Yes, Copies Of Employee W-2 Forms Must Be Submitted By February 28
.
th
Do You Use Subcontract Labor To Perform Work In This City?
No
Yes, Copies Of 1099’s Must Be Submitted By February 28 .
th
Are Any Employees Leased In The Year Covered By This Return?
No
Yes, Provide Name, Address And Federal ID Number Of The Leasing Company:
Name ____________________________________________________________________________
Address __________________________________________________________________________
City, State, Zip _____________________________________________________________________
Federal ID Number _________________________________________________________________
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