Estimated Tax Worksheet - City Of Perrysburg Income Tax Division 2006

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WWW
CI
PERRYSBURG
OH
US
FINANCE
INCOMETAX
HTML
ITY OF
ERRYSBURG
E-
: I
@
.
.
.
MAIL
TAX
CI
PERRYSBURG
OH
US
F
419 872-8037
I
T
D
ACSIMILE
NCOME
AX
IVISION
201 W
I
A
EST
NDIANA
VENUE
P
O
43551
ERRYSBURG
HIO
T
419-872-8035
ELEPHONE
A
16, 2007
DUE DATE
:
L
ANDLORDS AND TENANTS
PRIL
IS THE
FOR
2006 T
R
& B
Rental Property Owners are invited to pick up “yellow cards”
AX
ETURN
ALANCE DUE PAYMENTS
in our office to provide tenant information required by
2006 F
E
,
EDERAL
XTENSION FORM
IF APPLICABLE
2006 E
P
ordinance. Section 890.09 (f) and (g) of the City of Perrysburg
XTENSION
AYMENT IF TAX DUE
F
Q
2007 E
T
P
Codified Ordinance requires landlords to provide information
IRST
UARTER
STIMATED
AX
AYMENT
about tenants moving into or out of their rental units. Any
document that includes the information requested will be
S
, T
,
F
Q
J
31,
accepted in lieu of the “yellow card”. Tenants are asked to
ECOND
HIRD
AND
OURTH
UARTER ESTIMATES ARE DUE
ULY
O
31, 2007,
J
31, 2008,
.
complete landlord name and address information in the upper
CTOBER
AND
ANUARY
RESPECTIVELY
right section of their tax return.
P
A large
OSTCARDS IN LIEU OF FORM PACKETS WILL BE MAILED
number of Perrysburg residents whose tax preparers used
F
ILING NOTES
computer generated forms for Tax Year 2005 may receive a
For most taxpayers, W-2 wages to be reported on Line 1
postcard notification with a peel-off label instead of a tax
of Perrysburg Form P or on Line 2 of Form EZ is the larger
packet. The postcard with the label should be given to your
of Medicare Wages Box 5 or Local Wages Box 18. Box 5
preparer to affix to your prepared return.
is generally the same as Box 18 or the sum of multiple
amounts in Box 18 in the case of multiple work cities.
If you receive a tax form packet or a peel-off label, it means
Exceptions include certain pre-1986 government
you have an open account with the city for the 2006 tax year
employees exempt from Medicare tax, and grad student
and a return should be filed. If our records are not correct,
pay, which is exempt from Medicare tax. Both are taxable
please notify our office immediately.
for income tax purposes at federal, state and local levels.
NEW
2007 (2006 T
Y
)
IN
AX
EAR
Taxable amounts not in Box 5, but in Box 18 include
E
FILING - EZ filers (those with only W-2 income)
income attributable to stock option transactions, and
LECTRONIC
may enter your 2006 W-2’s online to calculate your return at
income from non-qualified deferred compensation plans or
the city website:
programs. For proper credit, attach all W-2’s showing Box
18 wages and tax paid.
Note to E-filers: Print two(2) copies of the confirmation, one for
To receive a deduction for employee business
your files and one to mail with your W-2’s and any other
expenses, a taxpayer must attach to the city return a
documentation supporting income/credits claimed for “other
copy of the Form 2106 that was filed with the federal
city” withholding.
return, Schedule A showing the deduction, and page 1 of
– Even if you are not eligible
LINK TO OTHER ONLINE FUNCTIONS
Form 1040 showing AGI.
to e-file you may still access the many other online features
Missing information most frequently requested when
using your PIN number found on your preprinted label or form.
processing returns is supporting documentation showing
1.
Use E-file link as a calculation tool for Individuals’ “other
where income is earned for “other city” withholding
city” tax credit. Even if you are not e-filing, you may go to
credits. Other examples of documents requested are: W-
the site, enter W-2 information and compute your partial
2’s with Box 5 Medicare wages or W-2’s showing city tax
tax credit for tax withheld to other cities where you
withheld, 1099’s, Form 2106 and supporting schedules,
worked.
Schedules C, K-1, E, and other city tax returns.
2.
Submit a change of address, or make a request for a filing
Netting losses – The City ordinance sets forth that each
status change.
source of income is separate. As such, resident business
3.
Verify posted estimate payments and credit information.
income cannot be offset by the net loss of another
You or your preparer may access the Income Tax Division
resident or a non-resident business entity. Rental losses
secure website link to verify total credits for estimated
will not be used to offset income from another business
payments and prior year carryovers.
activity. Losses may be carried forward to offset net profits
4.
File an Extension Online. Taxpayers are required to submit
from the same source earned over the next five years.
the appropriate federal extension form when filing their
return if an extension is filed online.
E
– If you file for an extension online at our local
XTENSIONS
R
link or on the Ohio Business Gateway for the 2006 Tax Year,
EMEMBER THAT AN EXTENSION OF FILING DATE DOES NOT
.
you may wait to file a copy of your IRS extension form with
EXTEND THE DUE DATE FOR PAYMENT OF TAX LIABILITY
the extended filing. Otherwise, a copy of the appropriate
- Mail returns with a REFUND
NEW PO BOX FOR REFUNDS
federal extension form is due by due date of the Perrysburg
PO Box 428 Perrysburg OH 43552-0428
request to:
return. The tax liability is NOT extended by a timely extension.
Any amount not paid by April 16, or the 15 th day of the fourth
month following the fiscal year end, will incur 1% per month
If you receive a notice from our office, it is most helpful if you
interest. Extensions will not be granted if the taxpayer has
reply immediately to resolve. Documents or other information
delinquent filings, or prior year balances due. Late filing fee is
requested may be faxed to 419-872-8037, or e-mailed to
the lesser of tax liability or $25 for returns or extensions filed
itax@ci.perrysburg.oh.us.
after April 16, 2007.

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