Form Ir - Individual Tax Return (Page 2 of 2) in pdf

Page 2

The following statements are in accordance with appropriate federal schedules.

_________________________________________________

Signed

This page to be completed only by those who have municipal income other than wages or who claim expenses as a deduction from

such wage.

13. Profit from any business owned (attach copy of IRS Schedule C) ........................................................ $ _________________

14. Rental income (attach copy of IRS Schedule E) .................................................................................... $ _________________

15. Other income (attach copy of appropriate IRS schedule) ...................................................................... $ _________________

16. Total other income lines (Lines 13 through 15) ..................................................................................... $ _________________

17. Deductions:

Employment expenses included in Line 1 (attach verification) .............................................. $ _________________

Non-taxable or other ................................................................................................................ $ _________________

Total deductions ...................................................................................................................... $ _________________

Net other taxable income (insert in Line 2, Page 1) ................................................................. $ _________________

Instructions

for Completing Lines 1 through 18

Line number:

To be completed only if you are required to complete Lines 13-16. Note: Business losses may not be used to offset wages.

A & B to be completed by Tax Office only when tax has not been paid on time. (See interest and penalties.)

14.

If gross income is more than $2,400 per year on all rental property owned, taxpayer must complete Line 14.

15.

Retirement income, interest income, and dividend income are not taxable.

17a. Deduction will be allowed only when W-2 is attached and all expenses are substantiated with proper schedules.

Note:

Unless accompanied by payment of the balance of the tax declared due (Line 5) and at least ¼ of the estimated tax (Line

10), this form is not a legal final return or declaration.

Declaration of Estimated Tax for Year

No later than April 30

July 31

October 31

January 31

April 30

File declaration

Make 2nd

Make 3rd

Make 4th

File return.

with ¼ payment.

quarterly payment.

Pay any balance due.

Interest & penalties

(Article X, Paragraphs A & B: Rules & Regulations)

All taxes imposed under the provisions of this ordinance and remaining unpaid after they have become due shall bear

interest, in addition to the amount of the unpaid tax, at the rate of 1.0% per month or fraction thereof.

In addition to interest, penalties for failure to pay taxes pursuant to the provisions of the ordinance are hereby imposed as

follows: In the case of taxpayers failing to pay the full amount of the tax due, a penalty of the greater of $25.00 or:

a) 1% per month or fraction thereof of the amount of the unpaid tax, if paid within six months after said tax

became due;

b) 2% per month, or fraction thereof of the amount of the unpaid tax, if paid during the between 6 months and 12

months after said tax became due; or

c) 4% per month or fraction thereof of the amount of the unpaid tax, if paid later than 12 months after said tax

became due.

Form Ir - Individual Tax Return Page 2

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