Municipal Income Tax 2009 Net Profit Forms Instruction Booklet - State Of Ohio Page 3
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5Allocation of Net Profits
The business allocation percentage formula is to be used by all entities and corporations doing business
within and out of CCA communities. See ORC 718.02 for more information.
Special Notes
1. Use Schedule Y, Part A if business activity is conducted in more than one city.
2. Complete the loss carry forward schedule on the front of the tax return to allocate the loss.
3. In determining the average percentage, if one of the factors is missing, the other two are added
and the sum is divided by two.
4. Whenever a line is provided for a city name, enter name of city where business is conducted.
Enter word “multiple” if business is conducted in more than one community, none of which are
CCA communities.
5. The income from the net profit of a business and/or of rental property is assignable to the
community where the business was conducted or the property located.
6. Attach all K-1 forms, to include partner or shareholder home address (or a separate schedule
listing all required K-1 information).
7. Wadsworth Partnerships, Estates and Trusts, Sub Chapter S Corporations and LLC’s must file
as an Individual.
SPECIFIC INSTRUCTIONS
HEADING — Check pre-printed information. If not correct, make corrections by crossing out pre-printed
information and entering correct data above the line(s).
Fiscal year and short period filers must indicate beginning and ending month/year of
period covered by the return.
LINE 1 —
If your entity type is not listed on line 1, please refer to ORC 718.01 instructions to
determine what amount to report as “Income per attached federal return.”
LINE 2-A — Enter amount from line M of Schedule X.
LINE 2-B — Enter amount from line Z of Schedule X.
LINE 2-C — Difference between lines 2-A and 2-B. If line 2-A is larger add difference to line 1 figure, if
line 2-B is larger the difference is subtracted from line 1.
LINE 3-A — The result of line 1 plus line 2-A less line 2-B.
LINE 3-B — If all your business income is allocable to one community, enter 100% and report the
amount on line 3-A. If your business income is allocable to more than one community,
please complete Schedule Y on page 2 of the return and report the total from Schedule Y
on this line.
LINE 3-C — Enter the amount of the allowable prior year loss carryforward.
LINE 4 —
The result of line 3-B less line 3-C is the income subject to the city income tax this year.
LINE 5 —
If all income is earned in one city bring down the income from line 4 and complete line 5.
If two or more cities are involved complete Schedule Y first.
COLUMN 1 — List city name where profit/loss occurred.
COLUMN 2 — List taxable income from each city by line.
COLUMN 3 — Find tax rate in Tax Rate Schedule for each city in which income was earned.
COLUMN 4 — Multiply column 2 by column 3.
COLUMN 5 — Enter any overpayment carried forward as a credit from previous tax year.
COLUMN 6 — Enter net profit estimated tax paid.
COLUMN 7 — Column 4 less columns 5 and 6 which equals column 7a Net Tax Due. An
overpayment can be credited to next year, column 7b or refunded column 7c .
LINE 6 —
Total each column.
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