Instructions For Making Quarterly Partnership Estimated Income Tax Payments - City Of Grand Rapids Income Tax Department - 2013

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CITY OF GRAND RAPIDS
INCOME TAX DEPARTMENT
INSTRUCTIONS FOR MAKING QUARTERLY
PARTNERSHIP ESTIMATED INCOME TAX PAYMENTS
Enclosed is a set of forms for making quarterly estimated income tax payments. The forms are pre-identified with the
name and account number for partnerships who made estimated tax payments for the past year and partnerships who
may be required to make estimated payments. The forms are blank for partnerships requesting estimated payment forms.
A partnership’s account number is their federal employee identification number (FEIN) or the seven-digit alternate
account number assigned by the Income Tax Department.
Estimated income tax payments may be made: 1) by check or money order with an estimated income tax payment
voucher; or 2) by a direct debit to the taxpayer’s bank account authorized on Form GR-1065ES-EFT.
DO NOT USE OR PHOTOCOPY ANOTHER TAXPAYER’S FORMS. If you do, your payment could be applied to the
wrong account. To print a blank set of forms go to the city’s website, , on left side menu select
Corporation and Partnership Forms, and select the forms to print. Blank forms may be requested by an e-mail to
gr1120tax@grcity.us or via a phone call to (616) 456-3415, Option 5.
NOTE: Reminder notices will not be sent. Save the set of forms for use in making the remainder of this year’s
quarterly estimated payments.
PARTNERSHIPS REQUIRED TO MAKE ESTIMATED INCOME TAX PAYMENTS
Every partnership with business activity in the City of Grand Rapids who has Grand Rapids taxable income must make
estimated income tax payments if the estimated tax is one hundred one dollars ($101.00) or more.
WHEN AND WHERE TO MAKE ESTIMATED INCOME TAX PAYMENTS
A. Calendar Year Taxpayers: The first quarterly payment for the year must be filed on or before April 30 of the tax year.
B. Fiscal Year Taxpayers: The first quarterly payment for the fiscal year must be filed within four (4) months after the
beginning of the fiscal year.
C. Payment of Estimated Tax: The estimated tax may be paid in full with the first quarter payment or paid in four (4)
equal quarterly installments. Calendar year installments are due on or before April 30, June 30, and September 30 of
the tax year and January 31 of the next year. Fiscal year installments are due on or before the end of the fourth, sixth,
ninth and thirteenth month after the beginning of the fiscal year. Previously missed estimated payments must be
made as soon as possible.
D. Where to Send Estimated Payments: Quarterly payments using Form GR-1065ES are to be mailed to the Grand
Rapids Income Tax Department, PO Box 109, Grand Rapids, MI 49501-0109. Quarterly estimated payments
made by a direct debit to the partnership’s bank account using Form GR-1065ES-EFT are to be mailed to the Grand
Rapids Income Tax Department, PO Box 109, Grand Rapids, MI 49501-0109.
CALCULATION OF ESTIMATED INCOME TAX
Calculate the estimated Grand Rapids income tax due using the Estimated Income Tax Computation Worksheet below.
ESTIMATED INCOME TAX COMPUTATION WORKSHEET
TAX YEAR _________
1. TOTAL EXPECTED GRAND RAPIDS PARTNERSHIP INCOME
1
2. TOTAL VALUE OF RESIDENT AND NONRESIDENT INDIVIDUAL PARTNERS
2
EXEMPTIONS (Total number of such exemptions multiplied by $600)
3. TOTAL EXPECTED GRAND RAPIDS PARTNERSHIP TAXABLE INCOME (Line 1 less
3
line 2)
4. PORTION OF EXPECTED TAXABLE INCOME (line 3) OF INDIVIDUAL;RESIEDENT
4
PARTNERS
5. PORTION OF EXPECTED TAXABLE INCOME (line 3) OF INDIVIDUAL
5
NONRESIDENT PARTNERS
6. PORTION OF EXPECTED TAXABLE INCOME (line 3) OF THE REMAINING
6
PARTNERS (Partners not included in lines 4 and 5)
7. ESTIMATED TAX ON EXPECTED INCOME OF INDIVIDUAL RESIDENT PARTNERS
7
AT 1.5% (Line 4 multiplied by 1.5%)
8. ESTIMATED TAX ON EXPECTED INCOME OF INDIVIDUAL NONRESIDENT
8
PARTNERS AT 0.75% (Line 5 multiplied by 0.75%)
9. ESTIMATED TAX ON EXPECTED INCOME REMAINING PARTNERS AT 0.1.5%
9
(Line 6 multiplied by 1.5%)
.10. ESTIMATED GRAND RAPIDS TAX (Add lines 7, 8 and 9)
10
.11. QUARTERLY PAYMENT AMOUNT (Line 10 divided by 4)
11
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