Estimated Income Tax Instructions & Worksheet For Form D-1 & Aq-1 - Income Tax Division - 2008

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2008 ESTIMATED INCOME TAX
INSTRUCTIONS & WORKSHEET for FORM D-1 & AQ-1
Income Tax Division
- 1 Cascade Plaza - 11th Floor
-
Akron, OH 44308
- 330-375-2290
DID YOU KNOW THAT YOU CAN FILE AND PAY YOUR 2008 ESTIMATED PAYMENTS ON-LINE?
Payments can be made using your Visa/Mastercard Credit or Debit card.
Go to
and click on the Estimated Payments button to begin.
Keep this WORKSHEET and PAYMENT SCHEDULE as a record of your calculations and payments made
during the tax year.
Note: Failure to file and pay required quarterly estimated payments will result in penalty
and interest charges.
1. Estimated Taxable Income – total annual earnings expected . 1) $________________________________________
2. Estimated Tax - 2.25% of Line 1.............................................. 2) $________________________________________
3. Credits - City (or JEDD) taxes to be withheld by your
employer and paid to a municipality or JEDD.
(Maximum 2.25% of wages)...................................................... 3) $________________________________________
4. Subtotal of Estimated Tax (Subtract Line 3 from Line 2) .......... 4) $________________________________________
5. Credits:
A. Overpayment from prior year......................... A) $ __________________________
B. Other (specify) ............................................... B) $ __________________________
Total Credits (Add Line 5A and Line 5B) ............... 5) $________________________________________
6. Balance of Akron tax due (Subtract Line 5 from Line 4) ........... 6) $________________________________________
Enter here and on VOUCHER 1 (Form D-1) in the upper right
hand box marked "ENTER YOUR ESTIMATED TAX HERE
"
1
This is your Declaration of Estimated City Income Tax.
7. Amount of Estimated Tax to be paid quarterly.......................... 7) $________________________________________
(Take 1/4th of Line 6 and enter the result here)
2008 PAYMENT SCHEDULE
Retain This Schedule For Your Records
2
Payment
Date Due
% Due
Amount
On-Line Confirmation or Check #
Date Paid
(See Line 7, above)
VOUCHER 1
4/30/08
25%
$
VOUCHER 2
7/31/08
50%
$
VOUCHER 3
10/31/08
75%
$
VOUCHER 4
1/31/09
100%
$
To amend your Declaration during the year, complete the back of VOUCHERs 2, 3 or 4 (Form AQ-1) and
check the block on the front of the form, indicating that a change is being made.
Amending your
Declaration will most likely require that you adjust your remaining quarterly payments.
1
The declaration of estimated tax shall at a minimum be the lesser of 90% of the estimated current year
annual tax or 100% of the prior year tax. This estimated tax must then be paid in four equal quarterly
payments
.
2
Due Date - Fiscal filers must file and pay their quarterly estimated payments by the end of the 4th, 7th,
10th and 13th months following the start of their fiscal year.

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