Form J1040 - Income Tax Individual Return - City Of Jackson

J J 1 1 0 0 4 4 0 0

ATTACH THIS SCHEDULE TO YOUR J 1040

All income while

Portion of income

a Jackson

earned in

S S C C H H E E D D U U L L E E 4 4

COMPLETE THIS SCHEDULE ONLY IF YOU HAD INCOME

resident

Jackson while a

SUBJECT TO THE TAX BOTH AS A RESIDENT AND

Non - Resident

NON-RESIDENT

GROSS WAGES (Attach W-2 to front of J 1040) ..................................................

NON-TAXABLE

DIVIDENDS (10C from Federal Tax Return) .........................................................

NON-TAXABLE

C. INTEREST, ROYALTIES, INCOME FROM TRUSTS AND ESTATES...................

D. INCOME (OR LOSS) FROM RENTS (write location of property

below: ....................................................................................................................

_______________________________________________________________

NET INCOME (OR LOSS) FROM PARTNERSHIPS, BUSINESS OR

PROFESSION. Small Business Corporation, Federal form 1120S, are

not permitted to file as so-called "tax option" corporations. Every

corporation subject to city income tax must file a return and pay the

tax. Write name of business below: .......................................................................

_______________________________________________________________

GAIN (OR LOSS) FROM SALE OF PROPERTY (write the location

of the property below:) ...........................................................................................

_______________________________________________________________

G. OTHER - EXPLAIN................................................................................................

H. TOTAL INCOME - BOTH COLUMNS (Add lines A through G) .............................

LESS EXEMPTIONS - Multiply number claimed by $600 and enter

this amount in Column 1 (if more than Column 1, line H, carry

excess to Column 2) ..............................................................................................

TAXABLE INCOME - Line H less line I (see instructions) .....................................

TAX - RESIDENT INCOME: Multiply line J, Column 1 by 1% (.01) .............................................................

TAX - NON-RESIDENT: Multiply line J, Column 2 by

% (.005) ................................................................

M. TOTAL TAX - Add lines K and L and enter on Page 1, line 7, J 1040..........................................................

INSTRUCTIONS FOR SCHEDULE 4

W W H H O O M M U U S S T T U U S S E E T T H H I I S S S S C C H H E E D D U U L L E E

L L I I N N E E H H - - T T O O T T A A L L I I N N C C O O M M E E : : Add lines A - G for both columns.

L L I I N N E E I I - - E E X X E E M M P P T T I I O O N N S S : : Multiply your exemptions by $600

You must complete schedule 4 if you earned part of your

income while a resident, and you earned income subject to

and enter in Column 1. If Column 1, Line I (exemption deduc-

Jackson tax while a non-resident.

tion) is larger than Line H (total income) carry all of the

excess to Column 2.

If you earned income as a resident but earned no Jackson

L L I I N N E E J J - - T T A A X X A A B B L L E E I I N N C C O O M M E E : : Subtract Line I from Line H

income while a non-resident, do not use Schedule 4; check

the Resident Box on page 1, J1040, and file as a resident,

and enter on line J. If Column 1 shows taxable income, it

using the resident instructions. However, include only earn-

may be reduced by a loss (on city income) in Column 2. If

ings and income earned while a resident.

column 1 is 0, Column 2 cannot be less than 0.

A A T T T T A A C C H H T T H H I I S S S S C C H H E E D D U U L L E E T T O O Y Y O O U U R R J J 1 1 0 0 4 4 0 0

L L I I N N E E K K - - T T A A X X - - R R E E S S I I D D E E N N T T I I N N C C O O M M E E : : Multiply the taxable

income in Column 1, line J by 1% (.01) and enter on this line.

lines A to G - income and subtractions

L L I I N N E E L L - - T T A A X X - - N N O O N N - - R R E E S S I I D D E E N N T T : : Multiply the taxable income

C C O O L L U U M M N N 1 1 - - Include the income items as though you were

in Column 2, Line J by

% (.005) and enter on this line.

filing as a resident but only that portion that was earned while

L L I I N N E E M M - - Add lines K and L, enter here and on page 1, line 7

a resident (see resident instructions.)

J 1040.

C C O O L L U U M M N N 2 2 - - Include the income items as though you were

filing as a non-resident but only that portion that was earned

in city while a non-resident.

Form J1040 - Income Tax Individual Return - City Of Jackson - 2005 Page 4

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