Looking for a Ohio Tax Forms And Templates? Download it for free!

WORKSHEET INSTRUCTIONS FOR FORM IR

WORKSHEET A: W-2 & 1099-MISC

(Taxable Wages)

Complete WORKSHEET A with employment “from and to” dates, employer name, and locality where you worked. Next, using your W-2s

complete Columns 1, 2 and 3. For the Gross Income figure enter the largest number on your W-2 into Column 1. For most filers the Local

Wage figure in Box 18 of their W-2 will equal the Medicare Wage reported in Box 5. Separate the taxes withheld for Akron and for other

cities or JEDDs (not to exceed 2.25% of income). If you received a 1099-MISC that is not reflected in schedule income in WORKSHEET B,

or if you had Lottery winnings or supplemental unemployment payments (SUB-PAY) from a company or union plan, these must be listed in

WORKSHEET A.

DO NOT INCLUDE 1099s FOR INTEREST, DIVIDENDS, ONGOING RETIREMENT PENSION PAYMENTS OR

PAYMENTS FOR LONG TERM DISABILITY. Enter totals in Boxes 1, 2 and 3, and move results to Page 1, Lines 1, 9 and 10 respectively.

WORKSHEET B: BUSINESS NET PROFIT CALCULATION (Attach copies of Federal Tax Return & Schedules, front & back)

WORKSHEET B must be used by individuals who have self-employment (Schedule C) or rental (Schedule E) income, to arrive at the proper

profit or loss figures as required by Akron’s Income Tax Ordinance. When there is a loss to be reported on WORKSHEET B place the

number in brackets to denote a negative figure. (NOTE: Filers with Schedule F, or farm income, must also complete this worksheet.)

FOR AKRON RESIDENTS: Akron residents must complete WORKSHEET SE (see instructions below) to arrive at self-employment or

rental income that is taxable to Akron. WORKSHEET K must be completed by Akron residents who have distributive shares from a

Partnership or Ohio S Corporation. Losses claimed from a business or distributive shares cannot be used to offset wage income.

FOR NON-AKRON RESIDENTS:

If the business activity of a non-Akron resident is both inside and outside the City of Akron,

WORKSHEET C, the Business Allocation 3-factor formula, must be used. Next, complete Lines 2, 3 & 4 of WORKSHEET B using the

results of the other applicable worksheets.

Line 1.

(Akron Residents Only) Add the results from WORKSHEETS SE & K. This is the non-wage income that is taxable to Akron.

Line 2.

(Non-Akron Residents Only) Enter the total of all Schedule income that is allocated 100% to Akron.

Line 3.

(Non-Akron Residents Only) If there is income allocated at less than 100%, enter the number found in WORKSHEET C, Line 6.

Line 4.

(All filers) If business or rental property was sold or exchanged, you must calculate the 4797 “Recovery of Depreciation.” Even if

you are not required to file a federal 4797 due to a 1031 Like-Kind Exchange, you must calculate and complete a “city-only” 4797.

Net profits include any value received in a sale or exchange, in excess of book value to the extent of depreciation taken.

Line 5.

Akron Residents add Lines 1 & 4.

Non-Akron Residents add Lines 2, 3 & 4.

•

If Line 5 is equal to or greater than zero, enter it on Page 1, Line 4.

•

If Line 5 is less than zero, enter it in the 2010 column in WORKSHEET F and enter a zero on Page 1, Line 4.

WORKSHEET C: BUSINESS ALLOCATION 3 – FACTOR FORMULA

(TO BE USED ONLY BY NON-AKRON RESIDENTS)

Non-Akron residents who have businesses or rental properties that derive income from locations both inside and outside the corporate

boundaries of Akron, must allocate their total net income (or loss) as to the portion attributable to Akron and to the portion attributable

elsewhere. WORKSHEET C must be used to arrive at these numbers. Note: To obtain the correct average you must divide the total of the

percentages by the number of percentages used.

WORKSHEET SE: SELF-EMPLOYMENT & RENTAL INCOME CALCULATOR

(TO BE USED ONLY BY AKRON RESIDENTS)

Complete the rows of the Worksheet as follows: A – the letter of the federal Schedule being reported, B – the amount reported for each

separate taxing jurisdiction, including Akron, C – the name of the City or JEDD, D – the tax rate of that City or JEDD, E – the rate in

column D subtracted from 2.25, F – find the taxable percentage by dividing column E by 2.25 and multiplying by 100 to show as a

percentage, G – multiply this percentage by column B. This is the income that is taxable to Akron for each business or rental activity. Total

column G. This figure will be added to any WORKSHEET K income and entered on Line 1 of WORKSHEET B.

WORKSHEET E: 2106 BUSINESS EXPENSE DEDUCTIONS

(ONLY VALID IF YOU ALSO FILED FORM 2106 ON YOUR FEDERAL RETURN)

The allowable deduction must be reduced by the federal 2% adjustment as reported on federal Schedule A. To receive this deduction you

must attach a copy of pages 1 & 2 of your federal Form 1040, Schedule A and Form 2106. The Income Tax Division reserves the right to

make adjustments to deductions which should have been more appropriately included in another part of the federal return. Credit for taxes

withheld or paid to other cities must be reduced. You are not permitted to file a “city only” Form 2106.

WORKSHEET F: LOSS CARRYFORWARD CALCULATION

(THERE IS A 3-YEAR LIMIT FOR AKRON TAX RETURNS)

If you have unused, qualified, loss carryforward amounts from tax years 2007, 2008 or 2009, enter these in the first row of WORKSHEET F.

If you wish to use all or a portion of these loss carryforward amounts against a profit in 2010, write the amount being used from each prior

year, up to the total being used, and enter the result on Page 1, Line 5 of this return. The loss carryforward cannot exceed this year’s gain.

WORKSHEET K: DISTRIBUTIVE SHARE INCOME

(FORM CAN BE DOWNLOADED FROM WEB SITE OR REQUESTED BY PHONE)

- - - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - - - - - - - - - - - - - - - - -

DETACH HERE

OFFICE USE ONLY

Tax Year

Income Tax Division

1 Cascade Plaza - 11

Floor Akron, Ohio 44308

2010

BANKCARD PAYMENT AUTHORIZATION *

Please charge my Bankcard to pay my 2010 Akron Income Tax liability shown below.

VISA

Mastercard

Discover

________________

(CHECK ONE)

AKRON TAX ACCT #

__________________________

________________________

________________

PRINT TAXPAYER NAME

PRINT NAME AS IT APPEARS ON

THE CARD

SOCIAL SECURITY NUMBER

BANKCARD

ACCOUNT NUMBER

EXP. DATE

MO.

YR.

Amount To

________________________________

____/____/____

Be Charged

___________________

CARDHOLDER SIGNATURE

DATE

NOTE: THIS VOUCHER SHOULD BE USED ONLY WHEN MAKING BANKCARD PAYMENTS WITH PAPER TAX RETURNS. THOSE WHO FILE OVER THE INTERNET

SHOULD PRINT AND SUBMIT THE BANKCARD AUTHORIZATION VOUCHER FOUND ON-LINE OR PHONE IN THEIR BANKCARD PAYMENT AUTHORIZATION.

- 4 -

Form Ir - Akron Tax Return For Individuals Instructions - Exemption Certificate - Bankcard Authorization Voucher - 2010 Page 4

Related Articles

Related forms

Related Categories