Form Ir - Income Tax Return - Batavia Page 2
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1
2PAGE
2.
THE FOLLOWING STATEMENTS ARE IN ACCORDANCE WITH APPROPRIATE FEDERAL SCHEDULES.
Signed
THIS PAGE TO BE COMPLETEDONLYBY THOSE WHO HAVEMUNICIPAL INCOMEOTHER THANWAGES OR WHO CLAIMEXPENSES AS A
DEDUCTIONFROMSUCH WAGE.
13.
PROFIT FROM ANY BUSINESS OWNED (ATTACH COpy OF FEDERAL SCHEDULE C)
$
14.
RENTAL INCOME (ATTACHE COPY OF FEDERAL SCHEDULE E)
$
15. OTHER INCOME(ATTACH COPY OF APPROPRIATEFEDERALSCHEDULE)
$
16. TOTALOTHER INCOME(LINES 13 THRU 15)
$
17.
DEDUCTIONS
a. EMPLOYMENT EXPENSES INCLUDEDIN LINE1 (ATTACH VERIFICATION)
$
b. NON-TAXABLE OR OTHER
$
c. TOTALDEDUCTIONS
$
18. NET OTHERTAXABLE INCOME(INSERT IN LINE2 PAGE 1)
$
INSTRUCTIONS
FOR
COMPLETION
OF LINES
1 THRU
18
LINE NUMBER
2.
To be completed
only if you are required to complete line 13-16. NOTE: BUSINESS LOSSES MAYNOT BE USED TO OFFSET WAGES.
4.
If this form is used for a municipality having a different tax rate. please change the rate shown.
6.
A & B to be completed by a Tax Office only when tax has not been paid on time. (See Interest & Penalties)
14. Ifgross income over $2,400.00 per year on all rental property owned. must be completed.
15. Retirement income as well as interest and dividend income is not taxable.
17. A. Deduction willbe allowed only when W-2 is attached and all expenses must be substantiated by proper schedules.
NOTE:
UNLESS ACCOMPANIED
BY PAYMENT OF THE BALANCE OF THE TAX DECLARED
DUE (LINE 5) AND AT LEAST 1/4 OF
THE ESTIMATED TAX (LlNE10) THIS FORM IS NOT A LEGAL FINAL RETURN OR DECLARATION.
DECLARATION OF ESTIMATED TAX FOR YEAR
No later than April 30
July 31
October 31
January 31
April30
File Declaration
with 1/4th payment.
Make 2nd
quarterly payment.
Make 3rd
quarterly payment.
Make 4th
quarterly payment.
File return. Pay
any balance due.
INTEREST & PENALTIES
(Article X, Paragraph Aand B / Rules & Regulations)
1.
All taxes Imposed under the provisions of this Ordinance and remaining unpaid after they have become due shall bear interest. In
addition to the amount of the unpaid tax, at the rate of one percent (1%) per month or fraction thereof.
In addition to Interest, penalties for failure to pay taxes pursuant to the provisions of the Ordinance are hereby Imposed as follows:
In the case of Taxpayers failing to pay the full amount of tax due, a penalty of the higher of a) Twenty-five Dollars ($25.00) or b) one
percent (1%) per month, or fraction thereof, of the amount of the unpaid tax; If the tax Is paid during the first six months after said
tax became due; a penalty of two percent (2%) per month, or fraction thereof, of the unpaid tax, If .ald tax Ie p.ld the .eventh and
twelfth months after said tax Is due; and a penalty of four (4%) per month, or fraction thereof, of the amount of the unpaid tax, If said
tax is paid later than twelve months after it became due.
2.
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