General Instructions For Corporations, Partnerships, Fiduciaries, Estates And Trusts - City Of Dublin, Ohio - 2012, Afti Worksheet Adjusted Federal Taxable Income
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3CITY OF DUBLIN, OHIO
Additional Forms Available at
DIVISION OF TAXATION
Telephone (614) 410-4460
Toll Free (888) 490-8154
Fax (614) 923-5541
GENERAL INSTRUCTIONS FOR CORPORATIONS,
PARTNERSHIPS, FIDUCIARIES, ESTATES AND TRUSTS 2012
1.
WHEN AND WHERE TO FILE RETURNS: TAXPAYERS WHO END THEIR TAX
ADD RATIOS AND DIVIDE BY THE NUMBER OF RATIOS TO OBTAIN BUSINESS
YEAR ON DECEMBER 31 MUST FILE ON OR BEFORE APRIL 15 OF THE
ALLOCATION PERCENTAGE. A RATIO SHALL NOT BE EXCLUDED FROM THE
FOLLOWING YEAR. TAXPAYERS ON A FISCAL OR PARTIAL YEAR BASIS MUST
COMPUTATION BECAUSE IT IS ALLOCABLE ENTIRELY WITHIN OR OUTSIDE
FILE WITHIN 105 DAYS FOLLOWING THE END OF SUCH PERIOD.
DUBLIN. THIS COMPUTATION IS TO BE REPORTED IN SCHEDULE Y.
IF THE FILING DEADLINE CANNOT BE MET, A COPY OF THE FEDERAL
5.
OPERATING LOSSES: ALTHOUGH FEDERAL LAWS PERMIT THE TAXPAYER TO
REQUEST FOR EXTENSION MUST BE FILED BY THE DUE DATE OF THE
CARRY FORWARD AND CARRY BACK CERTAIN OPERATING LOSSES, SUCH
RETURN. AN EXTENSION REQUEST IS AN EXTENSION OF TIME TO FILE, IT
LOSSES MAY NOT BE CARRIED FORWARD OR BACKWARD UNDER THE
IS NOT AN EXTENSION OF TIME TO PAY. PAYMENT OF ANY ESTIMATED TAX
PROVISIONS OF THE CITY INCOME TAX ORDINANCE.
DUE SHOULD ACCOMPANY THE EXTENSION REQUEST. IF NO REQUEST
6.
UNINCORPORATED BUSINESS ACTIVITY: THE NET LOSS OF AN
FOR EXTENSION IS FILED, A LATE PENALTY UP TO ONE HUNDRED
UNINCORPORATED BUSINESS ACTIVITY MAY BE USED TO OFFSET OTHER
DOLLARS ($100.00) CAN BE ASSESSED. ALSO SEE ESTIMATED TAX
UNINCORPORATED BUSINESS INCOME IN DUBLIN ONLY IF IT MEETS ONE OF
PAYMENTS BELOW.
THE TWO FOLLOWING CONDITIONS: 1) THE UNINCORPORATED BUSINESS
WHEN THE DUE DATE FOR DOING ANY ACT FOR TAX PURPOSES - FILING A
ACTIVITY MUST BE LOCATED IN DUBLIN OR 2) THE UNINCORPORATED
RETURN, PAYING TAXES ETC. - FALLS ON A SATURDAY, SUNDAY OR LEGAL
BUSINESS ACTIVITY MUST BE LOCATED IN A MUNICIPALITY THAT DOES NOT
HOLIDAY, THE DUE DATE IS DELAYED UNTIL THE NEXT BUSINESS DAY.
HAVE A LOCAL INCOME TAX.
2.
TAXABLE INCOME: DUBLIN INCOME TAX IS LEVIED AT THE RATE OF 2.0% (.02)
7.
PAYMENTS: PAYMENTS OF LESS THAN ONE DOLLAR AND ONE CENT ($1.01) OF
ON THE FOLLOWING:
NET TAX DUE ARE NOT REQUIRED, NOR WILL REFUNDS OF LIKE AMOUNT BE
MADE.
A.
NET PROFITS EARNED OF ALL CORPORATIONS DERIVED FROM WORK
DONE OR SERVICES PERFORMED OR RENDERED AND OTHER BUSINESS
8.
ESTIMATED TAX PAYMENTS: ANY ENTITY ANTICIPATING DUBLIN TAX LIABILITY
ACTIVITIES CONDUCTED IN THE CITY OF DUBLIN. S-CORPORATION
OF $100.00 OR GREATER SHALL FILE AND PAY ESTIMATED TAX PAYMENTS. FOR
INCOME IS NOT TAXABLE AT THE INDIVIDUAL LEVEL. S-CORPORATIONS
CALENDAR YEAR TAXPAYERS SUCH PAYMENTS ARE DUE EITHER IN FULL BY
DOING BUSINESS WITHIN DUBLIN MUST FILE THIS FORM.
APRIL 15TH OR ONE-QUARTER DUE ON EACH OF APRIL 15TH, JUNE 15TH,
SEPTEMBER 15TH, AND DECEMBER 15TH. FOR FISCAL YEAR TAXPAYERS,
B.
NET PROFITS ATTRIBUTABLE TO DUBLIN EARNINGS OF NON-RESIDENT
THE DECLARATION AND FIRST PAYMENT ARE DUE NO LATER THAN 105 DAYS
UNINCORPORATED BUSINESSES, PROFESSIONS, OR OTHER ACTIVITIES,
AFTER THE CLOSE OF THE FISCAL YEAR WITH THE SECOND QUARTERLY
DERIVED FROM WORK DONE OR SERVICES PERFORMED OR RENDERED
PAYMENT DUE 60 DAYS LATER, THE THIRD QUARTERLY PAYMENT DUE 90 DAYS
AND BUSINESS OR OTHER ACTIVITIES CONDUCTED IN THE CITY OF
AFTER THE SECOND PAYMENT, AND THE FOURTH QUARTERLY PAYMENT DUE
DUBLIN. PARTNERSHIPS, SEE LINE 12 BELOW. SOLE PROPRIETORSHIPS,
105 DAYS AFTER THE THIRD PAYMENT. THE DECLARATION OF ESTIMATED TAX
FILE AN INDIVIDUAL RETURN RATHER THAN THIS FORM.
AND FIRST PAYMENT ARE TO BE MADE WITH THIS TAX FORM. A DECLARATION
C.
THE FOLLOWING SHOULD BE REPORTED ON THE DUBLIN INDIVIDUAL
AND PAYMENTS WHICH ARE LESS THAN 90% OF THE TAX SHOWN ON THE
INCOME TAX RETURN:
FINAL RETURN OR 100% OF THE PREVIOUS YEAR’S TAX SHALL NOT BE
CONSIDERED IN GOOD FAITH THE DIFFERENCE SHALL BE SUBJECT TO
1.) NET PROFITS ATTRIBUTABLE TO EARNED DUBLIN INCOME OF ALL
PENALTY AND INTEREST CHARGES AS PROVIDED BY ORDINANCE.
RESIDENT UNINCORPORATED BUSINESS PROFESSIONS AND OTHER
ACTIVITIES DERIVED FROM WORK DONE OR SERVICES PERFORMED
9.
UNDERPAYMENT/NON-PAYMENT OF ESTIMATED TAX – 10% PENALTY IS
AND BUSINESS OR OTHER ACTIVITIES IN THE CITY OF DUBLIN.
ASSESSED ON THE DIFFERENCE BETWEEN 100% OF THE PREVIOUS YEAR’S
TAX OR 90% OF THE CURRENT YEAR’S TAX AND INTEREST IS ASSESSED AT 18%
2.) THAT PORTION OF THE DISTRIBUTIVE SHARE OF THE NET PROFIT
(1.5% PER MONTH OR FRACTION THEREOF). INTEREST WILL START TO ACCRUE
EARNED OF A RESIDENT INDIVIDUAL, PARTNER, OR OWNER OF A
BEGINNING WITH THE MONTH THE 4TH PAYMENT IS DUE AND CONTINUING
RESIDENT UNINCORPORATED BUSINESS ENTITY ATTRIBUTABLE TO
THROUGH THE MONTH THE RETURN IS FILED AND TAX PAID.
DUBLIN AND NOT LEVIED AGAINST SUCH UNINCORPORATED
BUSINESS ENTITY.
10. LATE FILING/LATE PAYMENT PENALTY SHALL BE IMPOSED AT THE RATE OF
10% AS PROVIDED BY ORDINANCE. FAILURE TO FILE A TIMELY TAX RETURN
3.) THAT PORTION OF THE DISTRIBUTIVE SHARE OF THE NET PROFITS
MAY RESULT IN A MAXIMUM PENALTY OF $100 PER YEAR.
EARNED OF A RESIDENT INDIVIDUAL, PARTNER, OR OWNER OF A
NON-RESIDENT
UNINCORPORATED
BUSINESS
ENTITY
NOT
INTEREST IS IMPOSED AT 18% (1.5% PER MONTH OR FRACTION THEREOF)
ATTRIBUTABLE TO DUBLIN AND NOT LEVIED AGAINST SUCH
AS PROVIDED BY ORDINANCE.
INCORPORATED BUSINESS ENTITY.
11. AFFILIATED LOSSES: AFFILIATED CORPORATIONS MAY NOT DEDUCT A LOSS
3.
NET PROFIT: NET PROFIT IS THE INCOME FROM THE OPERATION OF A
FROM ANY OTHER CORPORATION HAVING A TAXABLE PROFIT AND
BUSINESS, PROFESSION OR ENTERPRISE AND FROM THE USE OF
OPERATIONS OF ANY AFFILIATED CORPORATION HAVING A LOSS MAY NOT
PROPERTY, AFTER THE PROVISION FOR ALL ORDINARY AND NECESSARY
BE TAKEN INTO CONSIDERATION IN COMPUTING NET PROFITS OR BUSINESS
EXPENSES, EITHER PAID OR ACCRUED, IN ACCORDANCE WITH THE
ALLOCATION PERCENTAGE FORMULA.
ACCOUNTING SYSTEM USED BY THE TAXPAYER FOR FEDERAL INCOME TAX
12. AMENDED RETURNS: TO FILE AN AMENDED RETURN, COMPLETE A NEW TAX
PURPOSES, ADJUSTED TO THE REQUIREMENTS OF THE DUBLIN INCOME TAX
FORM WITH THE CORRECT INFORMATION. INDICATE IN RED INK ACROSS THE
ORDINANCE. NOTE THAT CITY, FEDERAL OR STATE TAXES BASED ON INCOME
TOP OF THE FORM “AMENDED RETURN.”
ARE NOT DEDUCTIBLE IN DETERMINING NET PROFIT.
13. PARTNERSHIPS: PARTNERSHIPS MAY PAY ANY TAX DUE AND ELIMINATE THE
4.
ALLOCATION OF PROFITS: THE BUSINESS ALLOCATION PERCENTAGE
FILING REQUIREMENT FOR EACH NON-RESIDENT PARTNER. IF THE
FORMULA IS TO BE USED BY CORPORATIONS OR NON-RESIDENT BUSINESS
PARTNERSHIP FILES AN INFORMATION RETURN ONLY, THE PARTNERS WILL
ENTITIES DOING BUSINESS WITHIN AND OUTSIDE OF DUBLIN.
BE REQUIRED TO FILE ON THEIR DISTRIBUTIVE SHARE.
DETERMINE THE RATIO OF THE DUBLIN PORTION OF:
14. DISCLAIMER: DEFINITIONS AND INSTRUCTIONS ARE ILLUSTRATIVE ONLY.
A.
ORIGINAL VALUE OF REAL AND TANGIBLE PROPERTY INCLUDING:
THE TAX ORDINANCE SUPERSEDES ANY INTERPRETATION PRESENTED.
BUILDINGS AND OTHER DEPRECIABLE ASSETS.
B.
TOTAL SALES, REGARDLESS OF WHERE MADE.
C. TOTAL COMPENSATION PAID TO ALL EMPLOYEES.
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