Tax Preparation Instructions - City Of Bowling Green
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1CITY OF BOWLING GREEN
TAX PREPARATION INSTRUCTIONS
GENERAL INSTRUCTIONS
SPECIFIC INSTRUCTIONS
WHO IS REQUIRED TO FILE A RETURN:
Page 1: If this Return is made for a period other than a calendar year,
This Return should be used by individuals, partnerships, corporations and
insert the beginning and ending dates in the heading. Verify the name and
any other entity having income taxable to this municipality. Receipt of forms
mailing address and make corrections as necessary. Answer the
indicates an obligation to which you must respond.
questions about social security number, move in/out dates and whether
you will need to file next year.
Unless the tax was withheld by a Bowling Green employer, residents must
file on all taxable income, wherever earned; part year residents must file on
Schedule A: List all employers, work locations, earnings and tax withheld
all taxable income earned during the period of their Bowling Green
in the proper columns. W-2 adjustments include business expenses, for
residency and should pro-rate income, expenses and credits accordingly.
which a Form 2106 is required, time allocations or moving expenses.
Unless the tax was withheld by a Bowling Green employer, nonresidents
When another city income adjustment is made, a comparable adjustment
must file on all taxable Bowling Green income.
must be made in the withholding column. W-2's must be attached; legible
TAX RATE: 1.92%
photo copies are acceptable.
INCOME SUBJECT TO TAX-
Line 1: Enter total qualifying wages after adjustments. If there is no other
Taxable income includes salaries, wages, commissions and other compen-
taxable income, enter this amount on Line 6.
sation including but not limited to: bonuses, incentive payments, fees,
Line 2: Enter total positive income from Page 2 and from Federal forms
property in lieu of cash, tips, severance pay, supplemental unemployment
attached. All losses must be reported but carried forward against future
benefits (sub pay), sick pay, excess insurance premiums, vacation pay,
profits from the same activity for the same owner, limited to five (5) years.
salary/wage continuation plans, state lottery proceeds, profits from businesses,
professions and partnerships, rents and deferrals.
Line 3: Total income from all sources. Add lines 1 and 2.
Line 4a, 4b: Enter positive and negative adjustments from Schedule X,
The net profits of all unincorporated businesses, professions, partnerships
Page 2.
or other activities conducted by residents of the City of Bowling Green or
conducted by nonresidents within the City of Bowling Green.
Line 4c: Net lines 4a and 4b.
The net profits of all corporations derived from work done or services
Line 5a: The adjusted net income. Net lines 3 and 4c.
performed or rendered and business or other activities conducted in the
City of Bowling Green.
Line 5b: The amount of business income allocated to Bowling Green from
Schedule Y, Page 2.
INCOME NOT TAXABLE:
Line 5c: Identifies the previously unused annual losses allocated to
Includes interest, dividends, military pay and allowances for active duty, contributions to
Sec 125 (cafeteria) plans, proceeds of insurance, pensions, annuities, alimony, social
Bowling Green for each entity and extends the amount(s) available to
security, medicare, poor relief, workman's compensation, unemployment compensation,
reduce the current year's profit from the same entity(s).
capital gains (excluding ordinary gains), income from patents and copy-
Line 6: The total Bowling Green taxable income.
rights, royalties, revenue from intangible property, and non Bowling Green
income earned while a resident elsewhere (part year resident). Also exempt
Line 7: The Bowling Green tax which is achieved by multiplying line 6 by
is the income of charitable, educational, fraternal or other nonprofit associations.
1.92%, this city's flat rate.
Board of Election poll worker pay less than $1 000.
Line 8a: The total Bowling Green withholding from Schedule A above.
NETLOSSES:
Line.8b: The adjusted total other city tax at the lower rate between the
The net loss from a business entity may not be used to offset salaries,
employment city's rate and Bowling Green's 1.92% rate from Schedule A
wages, commissions or the net income from any other entity or activity.
above and/or from other city tax return, copy attached, times 50%
Each business loss may be carried forward five (5) years to offset future
income from the same entity for the same owner.
reduced credit.
Line 8c: The total of estimate or other direct payments, if any, which are
CREDITS:
combined with lines 8a plus 8b totals and extended to line 8.
Bowling Green residents who properly pay another city's tax are allowed a
credit limited to 50% of the lesser rate between Bowling
Green and the city
Line 9: Net lines 7 and 8. If a tax balance is due, payment must
Income Tax is
in which the income is earned. Bowling Green School District
accompany the Return. For credit card payments call (419) 354-6288
not an allowed city credit.
or visit
DEDUCTIONS:
Line 1 0: After April 16 or 3 1/2 months after any other due date for fiscal
If your travel or other business expenses qualify as a deduction on your federal return,
year filing taxpayers, interest and penalty will begin unless an extension
enter amount of expenses on Schedule A, page 1, under W-2 adjustments and attach a
has been filed by the original due date.
copy of Federal Schedule 2106. Deductions for auto or business expense must be
claimed from the city of employment for refund and the amount of the claimed refund
Line 11 : Netting the tax, late fees and credits will result in a balance due,
must be deducted from withholding or tax paid prior to calculating the credit.
nothing due, a credit carry forward or a refund. If money is due, it must
accompany the Return. Your check should be written to City of Bowling
DUE DATE:
Green.
For all calendar year filers, Returns are due April 16. If the Return is made
MAKE SURE THE RETURN IS SIGNED AND INCLUDE ALL ATTACHMENTS.
for a fiscal year or any period of less than a year, the Return shall be filed within three and
one half (3
months from the end of each fiscal year or other period.
1/2)
EXTENSION OF TIME TO FILE:
Extensions must be requested in writing by the due date of the Return. An
extension of time to file is not an extension of time to pay. Unless a written
extension request, or a photo copy of a federal extension is received by the
due date, late fees will begin whether or not tax is due.
ESTIMATED TAX PAYMENTS:
Estimated payments are required to be filed and paid on a quarterly basis
by taxpayers whose tax liability will exceed $100.00 after any allowable
credits. An estimate may equal the previous year's tax liability in the
absence of known circumstances to the contrary. Due dates for calendar
year filers are April 16, July 31, October 31 and January 31. For fiscal year
filers, due dates are the middle of their fourth month and the end of their
seventh, tenth, and thirteenth months.
LATE FILING FEES:
For failure to file a timely tax Return, make scheduled estimated payments
or understatement of estimated tax, late fees are: penalty of $.50 per late
business day (minimum $10.00) plus interest of
per late month or
1 1/2%
portion of a month.
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