City Of Delaware Income Tax Return - 2012 Page 2

ADVERTISEMENT

15. INCOME
PROFIT
LOSS
16. OTHER TAXABLE INCOME
A. PROFIT FROM ANY BUSINESS OWNED (ATTACH FEDERAL SCHEDULE C) ..........................................................$
A. PROFIT/LOSS FROM ANY BUSINESS OWNED (ATTACH FEDERAL SCHEDULE C) ............................................................
B. RENTAL AND/OR FARM INCOME (ATTACH FEDERAL SCHEDULE E OR F) ............................................................$
B. PROFIT/LOSS FROM ANY RENTAL INCOME AND/OR FARM INCOME (ATTACH FEDERAL SCHEDULE E OR F) .............
C. PARTNERSHIP INCOME (ATTACH FEDERAL SCHEDULE E) ....................................................................................$
C. PROFIT /LOSS FROM NON-DELAWARE PARTNERSHIP (ATTACH FEDERAL SCHEDULE E) .............................................
D. OTHER INCOME (EXPLAIN SOURCE) ....................................................................................................................................
D. OTHER INCOME (ATTACH TAXABLE 1099’S OR EXPLAIN SOURCE) ......................................................................$
REPORT TOTAL PROFITS ONLY HERE AND ON PAGE 1, LINE 2A ........................................................................................
E. TOTAL (SEE INSTRUCTION NO. 8 BELOW) ..................................................................................................................................................................$
IMPORTANT: LOSSES FROM ONE BUSINESS ACTIVITY CANNOT OFFSET PROFIT FROM UNRELATED BUSINESS ACTIVITY. LOSSES MAY BE
16. DEDUCTIONS
CARRIED FORWARD A MAXIMUM OF 3 YEARS TO OFFSET FUTURE PROFIT(S) ON THE SAME BUSINESS ACTIVITY.
A. DEDUCTIBLE EXPENSES (ATTACH FEDERAL FORM 2106 & ITEMIZATION OF ALL EXPENSES REPORTED)....$
17. ALLOWABLE REDUCTIONS OF INCOME
B. INCOME EARNED OUT OF CITY WHILE NOT A RESIDENT (ATTACH CALCULATIONS) ........................................$
A.
ALLOWABLE EXPENSES FROM FEDERAL FORM 2106 (ATTACH FORM 2106 & ITEMIZATION OF ALL EXPENSES REPORTED) .....................__________________
C. TOTAL DEDUCTIONS (LINE 16A + LINE 16B) ..............................................................................................................................................................$
B.
INCOME EARNED OUT OF CITY WHILE NOT A RESIDENT (ATTACH CALCULATIONS) .........................................................................................__________________
REPORT TOTAL REDUCTIONS OF INCOME HERE AND ON PAGE 1, LINE 2B ............................................................................................................__________________
17. NET OTHER TAXABLE INCOME OR DEDUCTIONS (LINE 15E - LINE 16C (INSERT ON LINE 2, PAGE 1) ....................................................................$
18. SCHEDULE 1 - CREDIT FOR TAX PAID OTHER MUNICIPALITIES. PART-YEAR RESIDENTS MUST PRORATE CREDIT ON THE SAME BASIS AS PRORATED INCOME.
ATTACH ALL W2’S AND/OR OTHER CITY RETURN TO SUPPORT TAXABLE INCOME AND TAX PAID. A REFUND OF TAX FROM ANOTHER CITY AND/OR APPLICABLE 2106
EXPENSES MUST REDUCE INCOME IN CALCULATION OF CREDIT.
(A)
(B)
(C)
(D)
(E)
(F)
INCOME TAXED BY
OTHER CITY TAX
LESSER OF
COLUMN (B) X .00775
COLUMN (B) X .00925
MUNICIPALITY
OTHER CITY
COLUMN (B) X .007
WITHHELD OR PAID
COLUMN (D) X .50
(C) OR (E)
TOTAL COLUMN F. ENTER HERE AND CARRY TO LINE 5B ON FRONT ........................................................................................TOTAL
INSTRUCTIONS
12
1.
INFORMATIONAL FILING - complete Informational Filing if the only income received in 20
was non-taxable. If other taxable income was
received in 2008 in addition to non-taxable income, proceed to line 1 of form and complete tax return.
2009
2012
2.
LINE 1 - report total amount of qualifying wages (W-2 box 5 or box 18, whichever is higher). ALL W-2’S MUST BE ATTACHED.
3.
LINE 2A - to be completed if you have income other than W-2 income. Interest and dividend income is not taxable income (ALL FEDERAL
LINE 2 - to be completed if you have income other than W-2 income, or if you have deductions allowable against W-2 income. Interest and
SCHEDULES AND TAXABLE 1099’S MUST BE ATTACHED).
dividend income is not taxable income (ALL FEDERAL SCHEDULES AND TAXABLE 1099’S MUST BE ATTACHED).
.0155
.0185
4.
LINE 4 - Multiply Delaware Taxable income by .014.
.
.
.00775 of
.00925 of
5.
LINE 5B - A partial credit is allowed for taxes due and paid to another city. This credit is lesser of .50 of the tax paid to the other city or .007 of
the income taxed by the other city and Delaware. You must take each W-2 and compute credit individually, then insert the total tax credit on Line
5B. Use above Delaware Schedule 1 to compute credit.
EXAMPLES:
On an income of $10,000.00 earned in a city with a 2.00% earnings tax rate, the employer should withhold $200.00. The maximum allowable
$77.50 (.00775 X $10,000.00) NOT $100.00 (.50 X $200.00).
$92.50 (.00925 X $10,000.00) NOT $100.00 (.50 X $200.00).
credit for Delaware in this case would be $70.00 (.007 X $10,000.00) NOT $100.00 (.50 X $200.00).
On an income of $10,000.00 earned in a city with a 1.00% earnings tax rate, the employer should withhold $100.00. The maximum allowable
$77.50 (.00775 X $10,000.00).
$92.50 (.00925 X $10,000.00).
credit for Delaware in this case would be $50.00 (.50 X $100.00) NOT $70.00 (.007 X $10,000.00).
6.
LINE 5D - enter payments made on your 2008 Declaration of Estimated Tax after pre-printed date on line 5C.
2009
2012
7.
LINE 7 - unless the space is checked as indicating a refund, any overpayment will be applied to your next years estimated tax.
8.
LINE 16 - NOTE: losses from non-related business may not be used to offset either W-2 wages, 1099’s or other non-related business income.
Losses may be carried forward for a maximum period of three years to offset future related business or rental income.
9.
LINE 17A - 2106 employee business expenses are limited to actual expenses incurred in the production or earning of the income. The City
requires you to attach to form 2106, an itemization of all expenses reported. The City does not allow: union dues, non-job related travel, travel
between non-related employers, or any expenses not directly related to income earned from the employer from whom you are reporting the
expenses. THE DEDUCTION WILL BE DISALLOWED IF FORM 2106 AND ITEMIZATION IS NOT ATTACHED.
10.
LINE 17B - If exact non-resident income is not known, taxpayers may report income based on the percentage of time they resided in
Delaware. If income was earned on a different basis, supply employer verification (i.e., payroll check stubs or letter) detailing income earned
and tax withheld/paid during the Delaware residency. Complete Residency and Employment Information on front of tax return.
11.
SIGNATURE: The tax return must be signed and dated. Please provide email address and daytime phone numbers for the taxpayer and tax preparer.

ADVERTISEMENT

00 votes

Related Articles

Top 20 Happy Easter Cards And Gift Tags To Download For Free
Top Ten Easter Arts And Crafts Activities For Your Kids
Free Easter Coloring Pages And Easter Printables For Your Kids

Related forms

Form P-1040 - City Of Parma Income Tax Return - 2012 Form P-1040 - City Of Parma Income Tax Return - 2012 Financial
Return Of Employees' Income Tax Withheld And Annual Reconciliation - City Of Massillon Income Tax Department - 2012 Return Of Employees' Income Tax Withheld And Annual Reconciliation - City Of Massillon Income Tax Department - 2012 Financial
City Of Delaware Income Tax Employer's Annual Reconciliation Of Tax Wittheld Form - 2016 City Of Delaware Income Tax Employer's Annual Reconciliation Of Tax Wittheld Form - 2016 Financial
City Of Trotwood Income Tax Return Form - City Of Trotwood Income Tax Support Services - Ohio City Of Trotwood Income Tax Return Form - City Of Trotwood Income Tax Support Services - Ohio Financial
City Of Hubbard Income Tax Return City Of Hubbard Income Tax Return Financial
City Of Brunswick Income Tax Return Form City Of Brunswick Income Tax Return Form Financial
City Of Trotwood Income Tax Return Form - Ohio - 2007 City Of Trotwood Income Tax Return Form - Ohio - 2007 Financial
City Of Toledo Income Tax Return Form City Of Toledo Income Tax Return Form Financial
City Of Hubbard Income Tax Return Form - 2003 City Of Hubbard Income Tax Return Form - 2003 Financial
City Of Hubbard Income Tax Return Form - 2016 City Of Hubbard Income Tax Return Form - 2016 Financial

Related Categories

Parent category: Financial
Download
Go
Page of 2