Individual/business Income Tax Return - Ashland Municipal Income Tax - 2009 Page 2
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2ASHLAND CITY INCOME TAX RETURN
2009
LINE 16
RETURNS WILL NOT BE ACCEPTED WITHOUT COPIES OF FEDERAL SCHEDULES
Business Profit or Loss. Enter Amount from Federal Form Schedule C or Form 1120
16 $__________________
Enter Profit (Loss) from Federal Schedule E (Attach Tenant List)
17 $__________________
LINE 17
LINE 18
All Other Taxable Income:
INCOME FROM PARTNERSHIPS, ESTATES & TRUSTS: FEES, TIPS, COMMISSIONS, GAMBLING AND MISCELLANEOUS
RECEIVED FROM
FOR (DESCRIBE)
AMOUNT
TOTAL LINE
18 $__________________
LINE 19
Total of lines 16 thru 18. Carry forward to page 1 line 2 if Filing Individual Return
19 $__________________
LINE 20
Adjustments To Federal Income (Loss)……………………………………………..…………………
**
20 $__________________
ITEMS NOT DEDUCTIBLE
ADD
(20A) Capital Losses (Excluding Ordinary Losses) ..............………..
$
(20B) Expenses incurred in the production of non-taxable income…..
(20C) Taxes based on income ..............................................……..
(20D) Other expenses not deductible (Federally Deferred) ..………….
(20E) Total Lines (20A) through (20D) ...................................………
$
ITEMS NOT TAXABLE
DEDUCT
(20F) Capital gains (Excluding Ordinary Gains, see instructions)…….
$
(20G) Interest income ...................................................................
(20H) Dividends ........................................................................….
(20I) Other ............................……………………………….………....
(20J) Total Lines (20F) through (20I) .........................….............……
(20K) Combine Lines (20E) and (20J) ................….....................……
$
(Add or subtract line 20K from your Federal Income
(Loss) on line 19 and enter on line 20 above.)**
LINE 21
Business Allocation Formula. Carry forward to page 1, line 4 .........................………………....……………
21 $__________________
SCHEDULE Y Business Allocation Formula
c. PERCENTAGE
a. LOCATED
b. LOCATED IN
EVERYWHERE
MUNICIPALITY
(b ÷ a)
STEP 1A. AVG. VALUE OF REAL & TANG. PERSONAL PROPERTY
____________
____________
STEP 1B. GROSS ANNUAL RENTALS PAID MULTIPLIED BY 8.
____________
____________
TOTAL STEPS 1A & 1B
____________
____________
______________ %
a
b
STEP 2. GROSS RECEIPTS FROM SALES MADE AND/OR
____________
____________
______________ %
SERVICES PERFORMED
STEP 3. WAGES, SALARIES, AND OTHER COMPENSATION PAID
____________
____________
______________ %
STEP 4. TOTAL PERCENTAGES
______________ %
STEP 5. AVERAGE PERCENTAGE
______________ %
(Divide Total Percentages by Number of Percentages Used)
STEP 6. Multiply your Federal Income (Loss)
from Line 20 above by the % on STEP 5 and enter on line 21 above.
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