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important information for all income tax filers

This booklet contains the forms and instruc-

Part-year Resident. You are a part-year resi-

5. Net profits from sale or exchange of

tions needed to file your 2012 City of

dent if you moved your permanent home into

personal property located in Grayling.

Grayling Individual Income Tax Return (GR-

or out of the city limits of Grayling during the

1040) and your year 2013 City of Grayling

year.

NONTAXABLE INCOME

Estimated Individual Income Tax Vouchers

Residents and Nonresidents. The following

(GR-1040ES). Read the instructions carefully

Nonresident. You are a nonresident if you

are nontaxable to both residents and nonresi-

before completing your return.You will need

maintain a permanent home outside the city

dents and, to the extent that they are included

to complete your U.S. 1040 before you pre-

limits of Grayling.

on line 7 of form GR-1040 they may be listed

pare your GR-1040.

as subtractions. Attach federal schedules as

Change of Residence. If your residency sta-

needed.

WHO MUST FILE A RETURN

tus changed from either a resident to a non-

1. Gifts, inheritances, bequest and

Every resident and nonresident with gross

resident or a nonresident to a resident, com-

distributions of principal from estates

income of $3,000 or more ($3,000 for a tax-

plete Schedule 3 on the back of form GR-

and trusts.

payer age 65 or over as of December 31,

1040.

2. Proceeds from insurance, qualifying

2012) from sources listed under “Taxable

IRA distributions, pensions, annuities

Income” must complete and file a return.

TAXABLE INCOME

and retirement benefits (including

Resident. A resident is subject to tax on all

Social Security) is taxable under

To claim a refund because the tax withheld or

items included in total federal income.

the Internal Revenue Code.

paid is more than the tax due, you must file a

Taxable income includes:

3. Amounts received for personal injuries,

return. If you filed form GR-1040ES for

1. Salaries, bonuses, wages, commissions,

sickness and disability are excluded only

2012, you must file an annual return even if

fees, vacation pay, profit sharing plan

to the extent provided by the Internal

there is no change in tax liability.

income and other compensation

Revenue Code.

regardless of where earned.

4. Unemployment compensation,

Each partner in a partnership is required to

2. Fair market value of merchandise or

supplemental unemployment benefits,

file a GR-1040. If the partnership elects to

services received as compensation.

welfare relief payments and worker’s

pay tax on behalf of the partners, the partners

3. Net profit from operation of a business

compensation.

are not required to file a return as long as they

or profession or other activity regardless

5. Interest from U.S. obligations such as

have no other income subject to tax. Partners

of where earned.

Savings Bonds and Treasury Notes,

who file may take credit on line 19 for tax

4. Income from a partnership, estate or

obligations of the states, or subordinate

paid on their behalf by the partnership.

trust, interest from bank accounts, credit

units of government of states.

unions, savings and loan associations

6. Dividends on an insurance policy.

MARRIED PERSONS-

and other income regardless of

7. Compensation received for service in

JOINT OR SEPARATE RETURNS

where earned.

the U.S. armed forces, including reserve

A husband and wife may file either a joint

5. Rental income, capital gains, and

components.

return or separate returns.

dividends.

6. Lottery winnings won after

Nonresidents Only. The following items are

Residents filing jointly must include total

December 30, 1988.

not taxable to nonresidents:

income of both spouses. Nonresidents filing

1. Interest, dividends and royalty income.

jointly must include total income earned in

Nonresident. A nonresident is subject to tax

2. Income from trust and estates.

Grayling of both spouses.

on all items included in total federal income

which are derived from or connected with

DUE DATE

If you file separately, dependents can only be

Grayling sources. Taxable income includes:

Your Grayling return is due on or before

claimed by the spouse who is entitled to claim

1. Salaries, bonuses, wages, commissions,

April 30, 2013 or within four months after

those dependents under the Internal Revenue

fees, vacation pay, profit sharing plans

the end of your fiscal year accepted by the

Code (IRC).

and other compensation for services

Internal Revenue Service (IRS).

rendered as an employee in Grayling.

RESIDENCY

2. Fair market value of merchandise or

ROUNDING DOLLAR AMOUNTS

Resident. You are a Grayling resident if you

services received as compensation.

Round down all amounts less than 50 cents.

reside within the city limits and Grayling is

3 Net profits from the operation of a

Round up all amounts of 50 through 99 cents.

your permanent home. Your permanent home

business or profession or other activity

Do not enter cents.

is the place you intend to return to whenever

conducted in Grayling. (See Schedule 2

you go away. A temporary absence from

on the back of form GR-1040 for

Grayling, such as spending winter in a south-

business allocation.)

ern state, does not make you a part-year resi-

4. Net profits from rental of real and

dent.

tangible property located in Grayling.

Individual Income Tax Returns Forms (Resident And Nonresident) - City Of Grayling - 2012 Page 2

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