Form Ir - Golf Manor Income Tax Return - 2009 (Page 2 of 2) in pdf

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VILLAGE OF GOLF MANOR INCOME TAX FORM IR - SIDE TWO

12.

TAXABLE INCOME NOT REPORTED UPON A W-2 FORM. ATTACH COpy APPROPRIATE FEDERAL INCOME REPORTING FORM(S)

$-------

NET PFIOFIT(S) (LOSS) FROM PROFESSIONAL AND/OR BUSINESS OPERATION(SI ATTACH FEDERAL SCHEDULE C:.

NET PROFIT(S) (LOSS) FROM RENTAL PROPERTY AND/OR PARTNERSHIP(S) ATTACH FEDERAL SCHEDULE E

15. TOTAL NET PROFITS (LOSSES) FROM BUSINESS ACTiVITIES: LINE 13 PLUS LINE 14.

. . $ - - - - -

IF A LOSS ENTER· 0

LOSSES FROM BUSINESS. RENTAL PROPERTY OR PASSIVE ACTIVITIES MAY NOT BE USED TO OFFSET WAGES OR

$ \-(

OTHER EARNED INCOME UNUSED LOSSES MAY NOT BE CARRIED TO OTHER TAX YEARS

17.

SUBTRACT LINE 16 FROM LINE 15. IF RESULT IS A LOSS LIST ON THIS LINE.

$ (

)

(NOTE: Losses Irom bUSiness, renlal property or passive acllvllies may not be used

oHsel wages or olhor earned Income. Unused losses may not be carned to o1her tax

yea~.)

18.

IF THE CALCULATION ON LINE 17 (LINE 15 MINUS LINE 16} RESULTS IN A NET GAIN LIST THE AMOUNT ON THIS LINE

$ - - - - - -

19. DEDUCTIONS AND NON-TAXABLE INCOME. SEE INSTRUCTIONS FOR DETAILS {ATTACH FEDERAL FORM 2106

OR OTHER STATEMENT}

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C. TOTAL DEDUCTIONSANDIOR NON-TAXABLE INCOME LINE 19A PLUS LINE 19B.

.. $(-(

- - - - - - - - J

20.

TOTAL OTHER TAXABLE INCOME OR DEDUCTIONS LINE 12 PLUS LINE 18 MINUS LINE 19C {ALSO ENTER TH!S TOTAL ON LINE 21 ..

. $ - - - - - -

FILING INSTRUCTIONS

All Golf Manor reSidents, landlords and business owners are required by Cliy Ordinance to file a city tex return each year, on or before Apnl15lh, WHETHER OR NOT TAX IS DUE. Relired

residents wilhouttaxable Income may Simply complele the seclion in the upper left portion or the return. Be sure to sign the tax return.

TAXABLE INCOME is all gross wages, salaries and olher compensation received and Ihe net prolils from the operation of a bUSiness, profession or other aCllvlty Taxable Income Includes Sick

pay, vacation pay, unemployment benefils, deferred compensation (401 k, stock options, etc.), tips, bonuses, pratil sharing, severance pay, gamblong winnings and Insurance premium paymenlS

by employers shown on the W-2.

NON-TAXABLE INCOME: Interest diVidends, capital gains, social secunty and other retlremenl pension benefits are not taxable

Ihe Clly

ONL Y a marned couple

may

use one lax return for meeling the filing requiremenls at the lax ordinence. The Income

may

be combined and listed on lines 1 and 2 and any prevIous year tax

overpayment and estimated tax payments may be applied )Olnlly.

LINE #1 IS to be the grand tolal 01 all gross compensation from all W·2 forms for the lax

year.

Each W-2 form should be examined in all wage areas; Federal. State, Social Security and Local for

the highest wages received ,ncome taxable by the city may differ tram income taxed by Ihe IRS. BE SURE TO ATIACH ALL W-2 FORMS WHEN FILING. II you Wish the forms relurned, please

advise when filing,

LINE #5A IS 10 be used tor reporting taxes Withheld by your employer(s) specllically for the Village 01 Gall Manor. II your place of employment is not

Golf Manor or In a non-taxing 10caMn, any

taxes withheld tram your wages by your employer{s) will be lor the city of cllies In which you actually work. Your W-2 lorm(s) should Identlry the iocal taxing city, II

does not requesl thiS

Inlormation of your employer.

LINE #5C is to be used lor listing the tax credil for taxes wilhheld from wages

your employer!s) lor cities OTHER THAN GOLF MANOR. You ale permitted to take a lax credit for such olher

city texes wllhheld 01 up to 1,7% or the wages taxed by the olher municipality where you actually worked ThiS credit IS limlled to the Golf Manor tax rale because none 01 lhese taxes are

received by Golf Manor, they remain With Ihe clly 10 which lhey have been paid

your employer(s). EXAMPLES: II cily lax has been withheld by the employer at a rale of 1% on all W-2 gross

wages for the City of Springdale, Ihe Gall Manor laxpayer IS allowed lull credit for the Springdale taxes paid, and would be liable lor addi"onaltax to Golf Manor for the Dlflerence In lhe tax rates

between the (WO cities, or additional tax on Ihe gross wages of .7%. If however, the employer withholds lax for a city wllh a 2.1% tax rate, C,ncinnali as example, and lhe gross wages upon the

W-2 form is taxed allhat2.1% rale, the taxpayer would owe NO tax to Galt Manor because 01 Ihe available credit of 1.7% of the earnings has been taxed

another city. The excess .4% lax

paid m this case MAY NOT be used to offsel olher taxable income. THE TAX CREDIT CALCULATION FOR TAXES WITHHELD FOR ANOTHER CITY IS TO BE MADE FOR EACH SEPARATE

W-2 EARNINGS PER LOCALITY.

LINE 116 TAX DUE: If by making thlS calculation Ihe sum on th,s line is one dollar or more, lull payment must be received on or before the due date. Any lax remaining unpaid after the date due IS

subject to Inlerest and penally charges as preSCribed by ordinance. II the tax has been overpaid Line #7, and you

w~sh

a lax refund please allow at leasI 120 days from Ihe dale 01 mmg lor the return

lor paymenl

LINE #8 THRU 11 are requlled to be completed. One lourth (1/4) of the total esllmated lax due on line 10 must be paid allhe "me or riling - No later than Ap1l115.

LINE #12 is lor reporting such Items as non-employee income lisled on a 1099 form, sales. commissions, fees and olher taxable Income Line #13 through 17 are for reporting profits or losses

from the business activities I'sted. BUSINESS LOSSES MAY NOT BE USED AS A DEDUCTION AGAINST WAGE EARNINGS. READABLE COPIES OF ALL SUPPORTING FOAMS AND

SCHEDULES MUST BE ATIACHED BEFORE ANY ITEM WILL BE CONSIDERED AS APPLICABLE TO THIS TAX RETURN.

LINE #19. DEDUCTIONS AND NON-TAXABLE INCOME: thiS line is lor use by those claiming employee business expenses as a deduction from earnings. ThiS deduction will be permitted

ONLY when accompanied by a copy of a properly completed Federal 2106 Expense form. A copy of Ihe laxpayers 1040 Federal Tax return MAY be requested. Contributions made 10 an

Individual Retirement Account (IRA), Simplified Employee Pension (SEP), KEOGH (HR 10) Retirement Plan or DEFERRED INCOME are NOT ALLOWED DEDUCTIONS ON A CITY RETURN.

City

tax

IS due and payable in the year of the conlributlon BUT Ihe benefit, when received is nol laxable.

EXTENSIONS - Requesls for exlenSlons must be submitted in wilting to the Galt Manor Tax Bureau by Ihe dale 01 the relurn, April 15, ExtenSIons received after the due date Will nOI be

approved. The request must stale the requesfed extenSion dale and musl be Signed by the taxpayer or the laxpayer's agent. ExtenSions may only be granted up to one monlh beyond the

extenSion date requested of lhe IRS lor the filing of Ihe Federal Income Tax Return. An extension to file IS NOT an extenSIon to pay. To receive a copy

the approved extenSion enclose a sell·

addressed stamped envelope with you r request. Payment of the tex due must be made by the Filing dale, April 15, to aVOid assessment of penalty and Interest.

NOTE: IN ORDER TO BE CONSIDERED A LEGAL TAX RETURN THE TAX DUE (LINE 6) AND AT LEAST 1/4TH OF THE ESTIMATED TAX (LINE 10) MUST BE PAID IN FULL.

TAX RETURN FILING AND PAYMENT CALENDAR

ON OR BEFORE

APRIL 15,

JUNE 15,

SEPT. 15,

JAN. 15,

APRIL 15,

File Declaration

Make 2nd

Make 3rd

Make 4th