Instructions For Municipal Ir-Long Form 2006 (Page 2 of 2) in pdf

on income. For Hamilton(2%), Butler County Annex(2%), Oxford(1.75%), Eaton (1.5%), or New Miami (1.75%) you are permitted tax credit

for other municipal tax withheld up to the tax rate of your resident municipality. Example: A resident of Oxford who has a job in Hamilton and

earns $20,000 would receive credit for $350 in Hamilton taxes paid even though $400 was withheld for Hamilton. Phillipsburg and West Milton

residents are permitted a tax credit for other municipal income tax up to 1% of the same wages withheld on for other cities. Using the same

figures for a resident of Phillipsburg or West Milton, the taxpayer would receive credit of $200 because the credit is limited to 1%. This is

because under Ohio law taxes are withheld by the employer based on the municipality where the work is performed. If you reduced your

income on Line 1A because you didn't live in the municipality the entire year, you also need to reduce your credits by the same factor.

Refunds of tax withheld or paid to another municipality: You cannot take credit for taxes that will be or have been refunded to you.

Line 5C. Add Line 5A and 5B.

Line 5D. Line 4 less line 5C.

Line 5E. Enter estimated tax paid for this year plus prior year overpayments carried forward to the current year.

Line 6. Line 5D minus Line 5E. If negative, see Line 7. If positive and the sum is greater than $1.00, this is your outstanding tax balance.

Full payment must be received on or before April 16, 2007.

Any tax remaining unpaid after April 16, 2007 is subject to interest and

penalties per the Income Tax Ordinance.

Line 6A. To be filled in by the tax office.

Line 7. If Line 6 is negative, you have an overpayment. Specify how the overpayment should be allocated, credited to next year’s tax liability

(Line 12) or refunded. If the sum is less than one dollar (1.00), no refund or credit will be issued.

GENERAL INFORMATION FOR DECLARATION OF ESTIMATED INCOME TAX

Declaration of Estimated Income Tax is required for Hamilton and Butler County Annex taxpayers if your 2007 tax liability will be

$200.00 or more; for West Milton and Phillipsburg taxpayers if your 2007 tax liability will be $150.00 or more; for all businesses if your

2007 tax liability will be $200.00 or more. Note: Failure to file and to pay estimate timely will result in a penalty.

To avoid being penalized a taxpayer must have 100% of the previous year’s tax liability paid in (Line 5D) or 90% of the current year’s tax

liability completely paid in by the last estimated tax due date. Since it is difficult to determine your 2007 tax liability, using your 2006 liability,

or an amount greater, is insurance against any penalty. A new taxpayer without basis on which to make a better estimate may make a valid

estimate by declaring $200.00 as the first year’s tax estimate ($150.00 for West Milton and Phillipsburg).

Line 8. Enter your estimate of the income subject to tax, which you expect to receive in 2007.

Line 9. Multiply Line 8 by the appropriate tax rate for your city.

Line 10. Enter the amount your employer will withhold for you up to your resident municipality’s rate. For Phillipsburg and West Milton

taxpayers, limit to 1% for other municipalities.

Line 11. Line 9 minus Line 10.

Line 12. List any allowable credits, (from Line 7) that are not to be refunded.

Line 13. Line 11 minus Line 12. This is your estimated tax for the year.

Line 14. Enter the amount you will pay with this declaration.

*Please note: We do not bill for the first quarter, which is due 4/16/07. Once you file this declaration of estimated income tax form and the

return is posted to our system, you will be billed for subsequent payments.

**The amount of each quarterly billing will be determined by dividing Line 11 by four and subtracting any credits on line 12 from the most

current payment due.

Line 15. Enter the total of Line 6 plus Line 14.

Signature. The tax return must be signed and dated. Please provide the daytime phone numbers for the taxpayer and tax preparer. The return,

unless signed, dated, and accompanied with payment of the balance due on Line 15 does not constitute a legal final return.

ASSISTANCE

For assistance in completing this return, or if you have any questions, please contact the Income Tax Division.

Office hours are 8:30 a.m. to 5:00 p.m., Monday through Friday.

E-mail:

citytax@ci.hamilton.oh.us

Phone numbers: (513) 785-7400 or 1-800-854-1684. Fax (513) 785-7401.

Visit the City of Hamilton’s web page at

Our forms, instructions and street listings are available on the Internet.

DISCLAIMER: Definitions and instructions are illustrative only; the Municipal Income Tax Codes and the Ohio Revised Code supersede any

interpretations presented.

Instructions For Municipal Ir-Long Form 2006 Page 2

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