Form Ir - Income Tax Return - City Of Forest Park - Income Tax Division Page 3
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5EXTENSION POLICY: If your return cannot be filed by April 18, 2017, you need to request an extension in writing by 4/18/2017.
We recommend that you use the Forest Park Extension Request Form. It provides a means to calculate any current
year tax due as well as the amount of the declaration of estimated tax for next year. The balance of the current
year tax and one-fourth of the estimated tax for next year must be paid with the extension request. Visit our website
at for additional information and to print the form
NOTE:
Unless tax return is signed and accompanied by payment of the balance of the tax declared due (Line 8)
and at least one-quarter of the estimated tax (Line 13), it is not a legal final return or declaration.
INSTRUCTIONS FOR 2016 INCOME TAX RETURN (FORM IR)
Line No.
1
List employment and W-2 information requested. Attach Federal Form 1040, 1040A or 1040EZ and all W-2 Forms.
1A
Total W-2 income (generally the Local wage box of the Form W-2).
2A, B, C
ATTACH COPIES OF YOUR FEDERAL 1040, 1040A or 1040EZ WITH ALL APPLICABLE FEDERAL SCHEDULE(S).
BUSINESS LOSSES MAY NOT BE USED TO OFFSET WAGES. LOSSES CAN BE CARRIED
FORWARD FOR FIVE (5) YEARS. INCLUDE DOCUMENTATION OF LOSSES APPLIED.
NEW: LOTTERY, SWEEPSTAKES, GAMBLING AND SPORTS WINNINGS, PRIZES & AWARDS,
WINNINGS FROM GAMES OF CHANCE, ETC. ARE TAXABLE
NOT TAXABLE: INTEREST, DIVIDEND, CAPITAL GAIN, PENSION & UNEMPLOYMENT INCOME
2D
EXAMPLES OF ITEMS WHICH MAY BE DEDUCTED:
* Employee business expenses reported on Form 2106. ATTACH FEDERAL 2106 and SCHEDULE A as filed with IRS.
* Income may be prorated for residents who moved into or out of Forest Park during 2016.
2E
Total Lines 2a through 2d.
3
Total Lines 1a and 2e. This is taxable income.
4
Multiply Line 3 by 1.5% (.015) Forest Park tax rate.
5A
Tax withheld by employers for Forest Park.
5B
Credit for tax paid to another City or County. This may not exceed credit limit of .375% of income taxed or 25% of other city’s
tax rate. For example: If you work in Cincinnati and 2.1% Cincinnati tax is withheld, you will receive credit of .375% on
Cincinnati income taxed (.25% of our 1.5% tax rate). Example 2: If you work in Mason and 1.12% Mason tax is withheld, you
will receive credit of .28% (.25 x 1.12%) Credit must be adjusted for any refunds from another city/county.
Example:
In 2016, a Forest Park resident works in Cincinnati and earns $50,000/year.
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Person has Cincinnati tax of 2.1% withheld from paycheck totaling $1,050.
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Forest Park credit is .375% of $50,000 or $187.50.
Total Forest Park Liability: $50,000 x 1.5% = $750 - $187.50 credit = $562.50 balance due Forest Park.
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Go to this link for a tool to help calculate your return:
Be certain the W-2(s) attached show the tax paid to another city/county or attach copy of other city/county tax return, if
applicable, for proper credit. You must compute the tax credit on each W-2 and each city/county tax withheld separately.
PARTIAL YEAR RESIDENT: Credit is based on number of months you worked at a job while a Forest Park resident.
Please attach your computation.
5C
Total estimated tax payments and prior year overpayments credited to 2016.
5D
Total Lines 5A through 5C.
6
Subtract line 5D from line 4.
7
FOR LATE RETURNS: Late filing penalty is $25/month for each month the return is late filed, to a maximum of $150. In
addition, there is a late pay penalty of 15% of the amount not timely paid. Interest is calculated at the Federal short-term rate
effective January 1, plus 5 percent per annum on tax due and assessed monthly.
8
Total Line 6 and Line 7. If amount due is $10 or less you need not pay. If overpayment, leave blank and record on
Line 9.
9
Record overpayment, if applicable.
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