Form Fr 1108 - Income Tax Return - Business - 2016 Page 2
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1
21
Total Taxable income
2
Schedule X located at bottom of this page.
3
Add or subtract line 2 from line 1.
4
5
Schedule Y located at the bottom of this page.
6
Line 3 multiplied by line 4.
7
Allocable Net Loss Carry forward (rules change with the 2017 tax return).
8
Line 5 minus line 6
9
Line 7 multiplied by 1.95%.
Overpayment from prior year.
1
Estimate payments paid this yean
°-
(Please change to reflect any payments made after return was printed.)
2
1
1-
Other credits - explain.
3
Add line 9, 10, and 11.
4
1
Subtract total credit from tax due. (Line 8)
(Payment is due for amounts greater than $10.00.)
1
f tax return is filed late, penalty is $25.00 per month not to exceed $150.00.
니
5
-Penalty for failure to pay timely is 15% of the amount not paid timely.
6
—
nteres't is 5% per annum for the 2016 tax year.
니
7
—
Add line 13, 14, and 15 for total amount of tax due.
8
1
If line 11 is greater than line 16, this is the amount of overpayment.
1
Amount of line 17 you wish to have refunded.
$
(Amounts greater than
10.00)
9
Amount of line 17 you wish to have credited to 2017.
(Amounts greater than $10.00)
EXTENSION REQUESTS
All extension requests must be filed by the due date of the return in writing complete with the name,
address, federal ID # and must specify the length of time requested (not to exceed 6 months from
original due date) or enclose a copy of the Federal extension._____________________________
Schedule X. Adjustments to income
Capital losses (From Federal Schedules)
Capital Gains (From Federal Schedule)
$_
Expenses applicable to non-taxable income
Interest
$_
Income Taxes
Dividends
$_
Other income exempt from City of Washington
$=
Contributions (not a business expense)
tax explain____________________________ _________
Other (Explain)
TOTAL ADDITIONS
TOTAL [EDUCTIONS
Subtract the deductions from the additions and enter the balance on line 2
Schedule Y. Business allocation formula
c
Located Everywhere
Located in Washington
Percentage
Court House
(B+A>
________
_______
Step 1.
Average value of real and tangible personal property
$
%
_______
Gross annual rentals multiplied by 8
%
$
Total step 1
Step 2.
Total wages, salaries, commissions, and other
compensation of all employees
_%
Step 3.
_%
Gross receipts from sales and work or service performed
Step 4.
Total percentages
_%
Step 5.
Average percentage (Divide total percentages by number of percentages used.)
%
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