City Of Massillon, Ohio Income Tax Return - 2005 Page 2

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ATTACH COPIES OF ALL FEDERAL SCHEDULES AND SUPPORTING STATEMENTS
LINE 1. NET PROFIT/LOSS (FORM 1041, 1065, 1120 1120S, ETC.)
1. $ _________________
SCHEDULE X
RECONCILIATION WITH FEDERAL INCOME TAX RETURN - Attach Schedules
SCHEDULE X – RECONCILIATION WITH FEDERAL INCOME TAX RETURN
ITEMS NOT DEDUCTIBLE
ADD
ITEMS NOT TAXABLE
DEDUCT
a. Capital Losses (Do Not include ordinary losses from Federal Form 4797) .......$ ________________
n. Capital Gains (Do not include ordinary gains from Federal Form 4797)............$ ________________
b. Interest and / or other Expenses incurred in the production of non/taxable
o. Interest earned or accrued
.................................................................. ________________
income (at least 6% of Line r)............................................................................. ________________
p. Dividends (Less Federal exclusion) .................................................................... ________________
c. Income Taxes, City and State (if Deducted as Expense) ................................... ________________
q. Other Items not taxable (explain)
.................................................................. ________________
d. Net operating loss deduction per federal return ................................................. ________________
.................................................................................................................................. ________________
e. Payments to partners per Federal Form 1065.................................................... ________________
.................................................................................................................................. ________________
f.
Retirement plan payments (Keogh, IRA, Tax Sheltered Annuity) ....................... ________________
r.
Total deductions .................................................................................................. ________________
g. Portion State of Ohio Franchise tax based on income ....................................... ________________
h. Other items not deductible (explain) .................................................................. ________________
.................................................................................................................................. ________________
.................................................................................................................................. ________________
m. Total Additions..................................................................................................... ________________
LINE 2. EXCESS INCOME/DEDUCTIONS (SCHEDULE X LINE M MINUS LINE R)
2. $ _________________
LINE 3. RECONCILED NET PROFIT/LOSS (LINE 1 PLUS LINE 2)
3. $ _________________
SCHEDULE Y BUSINESS ALLOCATION FORMULA
a. LOCATED
b. LOCATED IN
c. PERCENTAGE
EVERYWHERE
THIS MUNICIPALITY
(b + a)
STEP 1.
AVG. VALUE OF REAL & TANG. PERSONAL PROPERTY
_________________________
_________________________
GROSS ANNUAL RENTALS PAID MULTIPLIED BY 8
_________________________
_________________________
TOTAL STEP 1.
_________________________
_________________________
_________________________%
STEP 2.
GROSS RECEIPTS FROM SALES MADE AND/OR WORK
OR SERVICES PERFORMED
_________________________
_________________________
_________________________%
STEP 3.
WAGES, SALARIES, AND OTHER COMPENSATION PAID.
_________________________
_________________________
_________________________%
4.
TOTAL PERCENTAGES
_________________________%
5.
AVERAGE PERCENTAGE (Divide Total Percentages By 3)
_________________________%
LINE 4. ALLOCATED NET PROFIT/LOSS (LINE 3 MULTIPLIED BY STEP 5 SCHEDULE Y)
4. $ _________________
LINE 5. NET OPERATION LOSS CARRY FORWARD
5. $ (________________)
ATTACH SCHEDULE
LINE 6. MASSILLON TAXABLE INCOME (LINE 4 PLUS LINE 5)
6. $ _________________
IF LOSS ENTER ZERO AND CARRY FORWARD TO NEXT YEAR
ENTER LINE 6 ON PAGE 1 LINE 1
SCHEDULE Z
Partners’ Distributive Shares of Net Income - From Federal Schedules 1065 K-1 and 1120S K-1
Distributive Shares
2. Resident
3.
of Partners
4. other
5. Taxable
6. Amount
Payments
Percentage
Taxable
Partner’s Social
1. NAME AND MUNICIPALITY OR TOWNSHIP OF EACH PARTNER
Yes
No
Percent
Amount
Security No.
$
$
$
7. TOTALS
100
$

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