Individual Return (For Resident And Non-Resident) - City Of Jackson

R R E E S S I I D D E E N N T T S S O O N N L L Y Y

I I N N S S T T R R U U C C T T I I O O N N S S F F O O R R P P R R E E P P A A R R I I N N G G T T A A X X R R E E T T U U R R N N

H H E E A A D D I I N N G G I I N N F F O O R R M M A A T T I I O O N N

L L I I N N E E 7 7 - - T T A A X X : : Multiply the amount on line 6 by 1% (.01) and enter the result on this

First complete the name, address and filing status, and be certain that your social

line.

security number has been entered correctly.

L L I I N N E E 8 8 - - J J A A C C K K S S O O N N T T A A X X W W I I T T H H H H E E L L D D : : Add all local tax withheld from W2’s and

Fill in the name of your current employer, and other sources of income. Check the

then drop cents. A legible copy of your W-2 (be sure and attach city copy to show

resident box on page 1, J1040 if you were a resident for the full taxable year, also

city withholding) must be submitted with your return to obtain credit for amount with-

part year residents with no non-resident taxable income. Enter dates of residency from:

held. Attach the W-2 to the front of the J1040.

_____________________________ and To: ______________________________ ;

L L I I N N E E 9 9 - - E E S S T T I I M M A A T T E E P P A A Y Y M M E E N N T T S S : : Enter amounts paid on Declaration of Estimated

List names and S.S. numbers of exemptions claimed on your 2004 Federal 1040.

Tax during 2004 including overpayment from 2004 J1040.

E E X X E E M M P P T T I I O O N N S S : : $600 is allowed for each exemption in 2004. Double exemptions are

L L I I N N E E 1 1 0 0 - - O O T T H H E E R R C C R R E E D D I I T T S S : : Enter tax paid to another Michigan municipality but not

allowed for the following: taxpayers 65 or over, blind or paraplegic taxpayers.

more than you would have owed Jackson on the same income as a non-resident.

Children with taxable income may claim themselves on their own returns even

Also enter amount of any tax paid in your behalf by a partnership, or any payments

though their parents may have already claimed them as exemptions. (Any questions

made on a tentative return. *Attach copy of other municipalities returns.

concerning this matter may be referred to the Income Tax Office at 788-4044).

L L I I N N E E 1 1 1 1 - - T T O O T T A A L L P P A A Y Y M M E E N N T T S S A A N N D D C C R R E E D D I I T T S S : : Add line 8, 9 and 10.

L L I I N N E E 1 1 - - T T O O T T A A L L I I N N C C O O M M E E : : Enter Total Gross for 2004 Income. Add all income from

W2’s and then drop cents. If you have no additions or subtractions, carry this amount

B B A A L L A A N N C C E E D D U U E E O O R R O O V V E E R R P P A A Y Y M M E E N N T T

to line 4. (Attach all schedules per Federal Return). Round to nearest dollar.

L L I I N N E E 1 1 2 2 - - B B A A L L A A N N C C E E D D U U E E : : If line 7, (your tax) is larger than line 11, (your payments

L L I I N N E E 2 2 - - A A D D D D I I T T I I O O N N S S T T O O I I N N C C O O M M E E : : Total from page 2, Schedule 2R, Line C,

and credits) enter the difference. This amount must be paid when filing this return.

Schedule 2R:

Taxpayers making payments on estimated tax are required to file a return (Form

Line A - Enter on this line, losses prior to Jan. 1, 1970 on sales and

J1040ES). Make your check or money order payable to Treasurer, City of Jackson,

exchanges of property which have been deducted in arriving at a total gross

and mail your return and payment to Income Tax Division, City Hall, Jackson,

income. (see line D under Subtractions From Income for explanation of gain

Michigan 49201. (No payment is necessary if less than $1.00).

and loss computation.)

L L I I N N E E 1 1 3 3 ( ( A A ) ) - - R R E E F F U U N N D D : : Enter the overpayment to be refunded. Refunds of less than

Line B - Enter any additional adjustments on this line and explain in a sepa-

rate statement. 1120-S income not taxable on individual return.

$1.00 will not be made but return must be filed with the Income Tax Division.

Line C - Total Additions

L L I I N N E E 1 1 3 3 ( ( B B ) ) - - C C R R E E D D I I T T 2 2 0 0 0 0 5 5 E E S S T T I I M M A A T T E E D D T T A A X X : : If you wish to have your over-pay-

*Losses on sale of your residence, car or other non-business property can-

not be deducted. A gain on the sale of your residence need not be recog-

ment credited to your 2005 estimated tax, enter the amount on this line. Attach a

nized if a new residence is purchased in Jackson at a cost greater than the

complete 2004 Declaration of Estimated Tax and your payment.

adjusted sales price of the old one, under the same time limits and other

conditions as under the IRS code.

L L I I N N E E 1 1 4 4 - - After April 30 interest & penalty will be assessed, penalty not to exceed

25% of unpaid Tax. If the total interest and penalty to be assessed is less than $2.00,

L L I I N N E E 3 3 - - S S U U B B T T R R A A C C T T I I O O N N S S F F R R O O M M I I N N C C O O M M E E : : Total from page 2, Schedule 2R, Line M.

the administrator shall assess a penalty in the amount of $2.00.

Schedule 2R.

Line D - Enter portion of gain on sale of property prior to Jan. 1, 1970, the

L L I I N N E E 1 1 5 5 - - Enter total amount due.

amount of gain or loss occurring before Jan. 1, 1970 can be determined

either by 1) computing the difference between cost and fair market value at

S S I I G G N N Y Y O O U U R R R R E E T T U U R R N N

Jan. 1, 1970 or 2) multiplying the Federal income tax gain or loss by the ratio

of number of months held prior to Jan. 1, 1970 to total months held.

Be sure that your return is signed. If you are filing jointly, both husband and wife

Lines E through L - Enter on the appropriate line any non-taxable item which

must sign. Any balance due must be paid when you file.

may be included in your total gross income on page 1, line 1. Moving

expenses are allowable only if moving into the city (not allowable subtraction

N N O O T T E E : : A A t t a a x x p p a a y y e e r r w w h h o o w w a a s s a a r r e e s s i i d d e e n n t t p p a a r r t t o o f f t t h h e e y y e e a a r r a a n n d d l l i i v v e e d d a a n n d d w w o o r r k k e e d d

from income when moving away from the city). 1120-S loss not deductible

o o u u t t s s i i d d e e t t h h e e c c i i t t y y t t h h e e b b a a l l a a n n c c e e o o f f t t h h e e y y e e a a r r , , s s h h a a l l l l u u s s e e t t h h e e r r a a t t e e o o f f 1 1 % % o o n n h h i i s s e e a a r r n n - -

on individual return.

i i n n g g s s a a s s a a r r e e s s i i d d e e n n t t o o n n l l y y . . U U s s e e l l i i n n e e L L ( ( S S c c h h e e d d u u l l e e 2 2 R R ) ) t t o o r r e e m m o o v v e e n n o o n n - - t t a a x x a a b b l l e e

i i n n c c o o m m e e i i f f i i n n c c l l u u d d e e d d . .

NOTE: The items on Lines D through K may only be subtracted to the extent they

are included in income.

A A S S S S I I S S T T A A N N C C E E : :

For questions not answered in this booklet or assistance in preparing your return,

L L I I N N E E 4 4 - - A A D D J J U U S S T T E E D D I I N N C C O O M M E E : : Add lines 1 and 2 less 3.

call (788-4044 or 788-4043) or visit the Income Tax Division located on the 1st Floor

of City Hall, 161 W. Michigan Avenue, Jackson, MI.

L L I I N N E E 5 5 - - E E X X E E M M P P T T I I O O N N S S : : Multiply the number of exemptions claimed by $600 and

enter the result on this line.

L L I I N N E E 6 6 - - T T A A X X A A B B L L E E I I N N C C O O M M E E : : Line 4 less line 5. If line 5 is larger than line 4 enter 0.

N N o o t t e e : : P P l l e e a a s s e e a a t t t t a a c c h h c c o o p p i i e e s s o o f f y y o o u u r r F F e e d d e e r r a a l l f f o o r r m m s s 4 4 7 7 9 9 7 7 , , 3 3 9 9 0 0 3 3 M M o o v v i i n n g g E E x x p p e e n n s s e e s s , ,

2 2 1 1 0 0 6 6 B B u u s s i i n n e e s s s s E E x x p p e e n n s s e e s s , , A A l l i i m m o o n n y y a a n n d d S S c c h h e e d d u u l l e e s s C C , , D D , , E E , , F F , , a a n n d d R R , , w w h h i i c c h h w w e e r r e e

u u s s e e d d t t o o a a r r r r i i v v e e a a t t y y o o u u r r A A d d j j u u s s t t e e d d G G r r o o s s s s I I n n c c o o m m e e , , F F e e d d e e r r a a l l F F o o r r m m 1 1 0 0 4 4 0 0 . .

Individual Return (For Resident And Non-Resident) - City Of Jackson - 2005 Page 3

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