Form Gr-1040es - Estimated Individual Income Tax

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City of Grayling Estimated individual income tax Voucher Gr-1040ES
General information
WHO MUST FILE ESTIMATED
the GR-1040ES voucher for that install-
for estimating your federal income tax
TAX PAYMENTS
ment. Do not staple your check to the
adjusted to exclude any income or
You must make estimated income tax
return. See the filing instructions on the
deductions not taxable or permissible
payments throughout the year if you
back of the GR-1040ES voucher.
under the Grayling Tax Ordinance.
expect to owe more than $100 when you
file your 2012 GR-1040 return.
LATE PAYMENTS OR UNDER-
WHEN YOUR INCOME CHANGES
PAYMENT OF ESTIMATES
DURING THE YEAR
DUE DATES OF PAYMENTS
If you fail to make required estimate
If you are already making estimated
You may pay in full with the first esti-
payments, pay late or pay less than 70
payments, you may change your esti-
mate voucher, due April 30, 2013. You
percent of the final tax due, penalty and
mate payment amount on the next
may also pay in equal installments due
interest may be charged.
installment.
on or before April 30, 2013; June 30
2013; September 30, 2013 and January
TYPES OF INCOME THAT MAKE
If you are not already making estimated
31, 2013.
ESTIMATED TAX PAYMENTS
payments, use the following chart to see
NECESSARY
which period the tax is due.
Fiscal year filers. Adjust all dates to
correspond with your fiscal year. The
Residents. All salaries, wages, bonuses,
If the
Pay on
first installment payment is due on the
commissions and other compensation
change occurs:
or before:
30th day of the fourth month after your
(usually earned from employers located
fiscal year ends. (Example: If your year
outside of Grayling city limits who do
Jan. 1 through
ends March 30, your first payment is
not withhold Grayling income tax); net
March 31
April 30, 2013
due July 30.)
profits from business or profession; net
rental income; capital gains less capital
April 1 through
Note: You will NOT receive reminder
losses; dividends; interest; income from
May 31
June 30, 2013
notices; save these forms for all your
estates and trusts, lottery winnings and
year 2013 payments.
other income.
June 1 through
August 31
Sept. 30, 2013
WHERE TO MAIL YOUR PAYMENT
Nonresidents. Salaries, wages, bonuses,
commissions or other compensation for
Sept. 1 through
Make check payable to:
services rendered or work performed in
December 31
Jan. 31, 2014
Grayling; net rental income from prop-
“City Treasurer”
erty in Grayling; net profits from busi-
If you do not want to adjust your fourth
ness; profession or other activity to the
installment voucher, you may file your
Send your voucher and check to:
extent that it is from work done; servic-
year 2013 Grayling income tax return
es rendered or activity conducted in
before January 31, 2013 instead. If you
City of Grayling
Grayling; and capital gains less capital
decide to do this, you do not have to file
Income Tax Division
losses from the sale of real or tangible
the fourth voucher (due January 31,
P.O. Box 549
personal property located in Grayling.
2013). If you were not making estimated
1020 City Blvd.
payments but a change occurs between
Grayling, MI 49738
HOW TO FILE
September 1 and December 31 that
Your annual return for the preceding
requires you to file estimates, you may
Write your Social Security number(s)
year may be used as the basis for com-
file your 2013 GR-1040 return by
and the words “2013 Estimated Tax” on
puting your estimated tax for the current
January 31, 2013 instead of filing a GR-
the front of your check. Return it with
year. You may use the same figures used
1040ES.
9

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