Instructions For 2005 Municipal Ir Ez Form (Page 2 of 2) in pdf

INSTRUCTIONS FOR CITY IR EZ FORM

Page 2

To avoid being penalized a taxpayer must have 100% of the previous year’s tax liability paid in (Line 5D) or 90% of the

current year’s tax liability completely paid in by the last estimated tax due date. Since it is difficult to determine your

2006 tax liability, using your 2005 liability, or an amount greater, is insurance against any penalty or under-estimating.

A new taxpayer without basis on which to make a better estimate may make a valid estimate by declaring $200.00 as the

first year’s tax estimate ($150.00 for West Milton and Phillipsburg).

Line 7. Enter your estimate of the income subject to tax which you expect to receive in 2006.

Line 8. If you are a Hamilton or Butler County Annex taxpayer, enter 2% of the amount on Line 7. If you are a New

Miami or Oxford taxpayer, enter 1.75% of the amount on Line 7. If you are an Eaton, Phillipsburg, or West Milton

taxpayer, enter 1.5% of the amount on Line 7.

Line 9. Enter the amount your employer will withhold for you up to your resident municipality’s rate. For Phillipsburg

and West Milton taxpayers, limit to 1% for other municipalities.

Line 10. Balance of tax declared (Line 8 less Line 9).

Line 11. List any allowable credits which can be applied from your 2005 tax (from Line 6).

Line 12. Enter the balance of Line 10 after subtracting any amount on Line 11. This is your estimated tax for the year.

Line 13. Enter the amount you will pay with the filing of this declaration or spread equally over the payment dates of

4/17/06, 7/31/06, 10/31/06, and 1/31/07 for all taxpayers.

*Please note: We do not bill for the first quarter which is due 4/17/06. Once you file this declaration of estimated income

tax form, the system will generate quarterly payment vouchers for you to use in remitting your second, third, and fourth

quarter tax payments. If not paid timely you may receive delinquent notices. The return, unless signed, dated, and

accompanied by payment of the balance due on Line 14 does not constitute a legal final return.

** The amount of each quarterly billing will be determined by dividing Line 11 by four. Any credit or previous payments

received will be deducted from the most current payment due.

Line 14. Enter the total of Line 6 plus Line 13.

NEW FOR 2005 - PAY YOUR TAX BILL ONLINE

We accept tax payments on Visa and MasterCard. See our website and click on

Pay Your Bill Online - Available now! If you wish to pay your taxes by credit card please see the bottom of your return

or call 1-800-854-1684 or 513-785-7400. Paying by credit card gives you more flexibility in paying your bills and offers

you the convenience of paying by telephone or on-line. It is much faster than writing a check and paying by mail or in

person. If you should decide to pay your final return and/or your quarterly estimated tax bill by credit card, REMEMBER

that the final return and the declaration of estimated income tax forms must be mailed to the tax office for processing on

or before April 17, 2006 to avoid a late filing penalty.

ASSISTANCE

For assistance in completing this return, or if you have any questions, please contact the Income Tax Department.

Office hours are 8:30 a.m. to 5:00 p.m., Monday through Friday.

E-mail: tax@ci.hamilton.oh.us

Phone numbers: (513) 785-7400 or 1-800-854-1684. Fax (513) 785-7401

Visit the City of Hamilton’s web page at Click on the income tax link to reach our site. Our

forms, instructions and street listings are now on the Internet.

Instructions For 2005 Municipal Ir Ez Form Page 2