Instruction For City Of Ravenna. Ohio Individual Income Tax Return And Declaration

Line 1, Column C Multiply the amount in Column A by the percentage in Column B and

INSTRUCTIONS FOR PREPARING INDIVIDUAL RETURN

Heading

enter here.

Print your name, address and social security number, or make corrections to pre-

Line 2, Column A Enter net profit (loss) from Federal Schedule E. Attach Schedule E.

printed information. If you are filing a joint return, add your spouse’s name and social

Line 2, Column B Enter percentage taxable to Ravenna.

security number. Please provide a daytime phone number, either home or business.

Line 2, Column C Multiply the amount in Column A by the percentage in Column B and

Indicate if you are a Ravenna resident, or non-resident. If you were a Ravenna

enter here.

resident during part of the year, provide the date you moved into or out of Ravenna.

Line 3, Column A Enter total of all other taxable income, such as fees, prizes, awards,

If filing on a wage income from Federal Form W-2 or 1099 MISC , please

tips, commissions, farming income (Schedule F), individual’s distributive share of

complete WORKSHEET I on the back of return first.

income from partnerships, estates and trusts. Attach Schedule.

Line 3, Column B Enter percentage taxable to Ravenna.

If filing the Federal Form 2106 Business Expense, please complete

Line 3, Column C Multiply the amount in Column A by the percentage in Column B and

WORKSHEET II on the back of return first.

enter here.

If filing income from a business or profession (Schedule C); rental income

Line 4 Enter any losses carried over from a prior year. Net losses may be carried

(Schedule E); distributive share of income from partnerships; estates: trust;

forward for up to five years. A complete schedule of all prior year losses must be

directors fees; tips; lottery winnings; etc., please complete WORKSHEET III on

attached.

the back of return.

Line 5 Total Lines 1, 2, 3 and 4. Enter total on Line 5. If the total is equal or less than

If you were a Ravenna resident for any portion of the year and had no taxable

zero, enter zero for tax calculation on return. Wage income cannot be offset by loss.

income, please complete the EXEMPTION portion on the back of the return.

Line 6 Enter total taxes paid to other cities (not to exceed 2.00%) on non-wage

Worksheet I: Wage Income

income. Attach a copy of other city tax return to receive credit on Ravenna return.

(a) Please indicate the date the wages were earned for each W-2 when filing a partial

Place this figure on WORKSHEET I, COLUMN 3 to be included in the total placed on

year return, or requesting a refund. Attach a copy of all W-2 forms.

the return.

(b) List employer’s name.

Exemption

To be completed by individuals who are residents of Ravenna with no taxable income.

wages were earned in more than one work location for an employer, list each location

Check the appropriate box and sign the return. Make sure to mail in the return before

separately. If additional space is needed, please attach a separate schedule.

the April 15

due date to avoid a $25.00 late filing fine.

COLUMN 1 Enter the total gross wage for each W-2 and/or 1099 Misc. income.

Deferred compensation is not exempt and should be included in the total. The largest

FRONT OF RETURN

amount shown on the W-2 is usually the taxable income.

COLUMN 2 Enter the total amount of tax withheld for the City of Ravenna from W-2

Line 1 From WORKSHEET I (on back of return) enter the total of COLUMN 1.

wages. On most W-2 forms, box 20 provides the name of the city that the taxes were

Line 2 From WORKSHEET III (on back of return) enter total of COLUMN C, LINE 5.

withheld, and box 19 indicates the amount that was paid to said locality.

Line 3 Add the amounts on Lines 1 and 2. Enter the total on Line 3.

COLUMN 3 Enter total amount of tax withheld for other city if less than the 2.00% OR

Line 4 Multiply amount on Line 3 by 2.00% (.02) and enter on Line 4.

enter 2.00% of gross wage if tax withheld for other city is more than 2.00%. Ravenna

Line 5 This is the total estimated income tax payments submitted to Ravenna for the

allows a tax credit for taxes withheld and/or paid to another locality up to, but no more

current tax year. If an entry appears on the pre-printed form, make sure the 4

quarter

than 2.00% This applies to EACH W-2 SEPARATELY. Partial year residents cannot

payment is included.

exceed the 2.00% of the reduced income on each W-2. Note: Withholding in excess

of 2.00% from an individual W-2 may not be used for credits toward any other W-2

Line 6 From WORKSHEET I (on back of return) enter the total of COLUMN 2.

earnings which are not withheld at the rate of 2.00%.

Line 7 This is the overpayment currently credited to your account at the end of the

Worksheet II: 2106 Business Expense Deduction

prior tax year.

Taxpayer can only receive a refund for 2106 expenses from the city where the tax is

Line 8 From WORKSHEET I (on back of return) enter the total of COLUMN 3. If filing

withheld. However, if the 2106 has been applied to income earned in a city with a

on non-wage income, make sure the total of COLUMN C, LINE 6, from WORKSHEET

lower tax rate, a reduction of the tax due is allowable only to the extent of the

III is included.

difference in the tax rate. If you were a resident of Ravenna for only a portion of the

Line 9 Add Lines 5, 6, 7 and 8. Enter the total on Line 9.

year, and have prorated your income, your business expenses must also be prorated.

Line 10 If Line 9 is greater than Line 4, and not less than $1.00, you have overpaid.

Attach copy of Federal Form 2106 to receive deduction.

Subtract Line 4 form Line 9 and enter the amount of overpayment on Line 10.

Column A Enter the total gross wage for each W-2.

Line 11 Enter an amount equal to, or less than, the overpayment (Line 10) that you

Column B Multiply gross wage (Column A) by 2.00%.

wish to have applied to next year’s annual return. Also place this amount on Line 18

Column C Ravenna: Enter total amount of tax withheld for Ravenna. Place the figure

of the Declaration of Estimated Tax.

on WORKSHEET I, COLUMN 2.

Line 12 Subtract Line 11 from Line 10 and enter amount on Line 12. Note: Refunds in

Outside Ravenna with tax rate less than 2.00%: Enter total amount of tax withheld

the amount of $1.00 or less are not made. No refund will be issued until a declaration

for other locality. If the amount in Column C is less than Column B, place the figure

of Estimated Income Tax is filed, otherwise it will be applied to next year’s tax liability.

from Column C on WORKSHEET I, COLUMN 3.

Line 13 If Line 4 is greater than Line 9, an amount is due to Ravenna. Subtract Line 9

Outside Ravenna with tax rate higher than 2.00%: Enter total amount of tax

from Line 4 and enter the tax you owe on Line 13. Note: If you owe $1.00 or less, no

withheld for other locality. If the amount in Column C is higher than Column B, STOP

payment is required.

HERE. The 2106 must be filed with the working city. Go back to WORKSHEET I.

Line 14 Add amounts for Late File, Late Pay and Late Interest and enter on Line 14.

Column D Ravenna: not applicable -- skip to Column F.

Late File: Enter $25.00 if filing a return after April 15

without a valid extension. The

Outside Ravenna: Subtract Column C from Column B.

$25.00 late filing fine will be imposed even if no tax is due.

Column E Divide Column D by Column B to determine percentage of 2106 applicable

Late Pay: All taxes remaining unpaid after the April 15

due date shall be assesed

to Ravenna (e.g. 233.50 ÷ 750.00 = 23.75%)

penalty at the rate of 1.5% per month. Multiply the amount on Line 13 by 1.5% (.015)

Column F Ravenna: Enter amount of expenses from Federal Form 2106

to get the monthly penalty. Multiply the monthly penalty by the number of months past

Outside Ravenna: Multiply the amount of the expenses from Federal Form 2106 by

the April 15

due date. Enter amount on Late Pay Line.

the percentage in Column E.

Late Interest: All taxes remaining unpaid after the April 15

due date shall be

Column G Subtract Column F from Column A. This is your adjusted taxable income.

assesed interest at the rate of 1.5% per month. Multiply the amount on Line 13 by

Place this figure on WORKSHEET I, COLUMN 1.

1.5% (.015) to get the monthly interest. Multiply the monthly interest by the number of

Worksheet III: Non-Wage Income

months past the April 15

due date. Enter amount on Late Interest Line.

Line 1, Column A Enter net profit (loss) from Federal Schedule C. Attach Schedule C.

Line 15 Enter your estimated income on Line 15

Line1, Column B The business allocation formula is to be used for those businesses

Line 16 Multiply Line 15 by 2.0% (.02). This amount will represent the estimated tax

operating in multiple cities and did not keep separate accounting records for each

liability for the tax year.

location of business.

a. Located

b. Located

c. Percentage

Line 17 Enter the amount of local tax to be withheld by your employer.

Business Allocation Formula:

Everywhere in Ravenna

(b ÷ a)

Line 18 Enter the amount from Line 11.

Step 1. Average value of real & tangible personal

Line 19 Subtract Lines 17 and 18 from Line 16 and enter amount on Line 19. This

property

amount represents the amount of outstanding tax liability.

Gross annual rentals paid multiplied by 8

Line 20 Multiply Line 19 by 25% (.25) and enter on Line 20. This represents the first

Total Step 1

quarterly estimated payment for the tax year.

Step 2. Wages salaries & other compensation paid $

Step 3. Gross receipts from sales made and/or work

Line 21 Add Lines 13, 14 and 20 and enter total on Line 21. This is the amount due

or services performed

the City of Ravenna. Make your check payable to the CITY OF RAVENNA.

4. Total percentages

5. Average percentage (Divide total percentages

by number of percentages used) Enter this figure on Column B

Instruction For City Of Ravenna. Ohio Individual Income Tax Return And Declaration - 2010 Page 2

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