Instructions For Form L-1040 - 2013-2014
ADVERTISEMENT
1
2
3
4
5IMPORTANT INFORMATION FOR ALL INCOME TAX FILERS
WHO MUST FILE A RETURN
AMENDED RETURNS
Amended returns should be filed on the applicable L-1040 form
Every person, partnership, fiduciary, association, corporation or
and clearly marked AMENDED on the top margin.
All
other entity that is domiciled, employed or doing business in the
supporting schedules should accompany filing with an
City of Lapeer at any time during 2013 must file a return by April
explanation for each change. Tax paid or refunds received
30, 2014.
from the original return should be noted to the left of the box on
Every nonresident individual whose gross taxable income
line 23.
Tax paid should be added and refunds received
earned in Lapeer was $600.00 or more. If you do not meet the
should be subtracted from other payments with the total
requirements for filing but Lapeer tax was withheld or estimated
entered on line 23.
tax was paid, you must file to receive a refund.
If a change on your federal return affects your Lapeer taxable
Every taxpayer filing a resident Lapeer Income tax return
income, you must file an amended Lapeer return within 90
must attach a copy of page 1 of their federal return to their
days of the change. Include payment of any tax and interest
Lapeer return.
due.
MARRIED PERSONS-JOINT/SEPARATE RETURNS
ASSISTANCE
Married persons may file either a joint return or separate
If you need forms or assistance, call (810) 667-7155.
returns. If a joint return is filed both names and both social
Questions by mail should be directed to Lapeer Income Tax
security numbers must be listed, all Lapeer taxable income of
Department, 576 Liberty Park, Lapeer, MI 48446. Income tax
both husband and wife must be included, and both individuals
forms, instructions and additional data are available on the
must sign the return. A joint return may be filed when only one
City's website at
spouse has Lapeer income.
NOTICE
DECEASED TAXPAYERS
These instructions are interpretations of the Lapeer Income
A return for a taxpayer that died during the taxable year should
Tax
Ordinance.
The
Ordinance
will
prevail
in
any
be filed on the same basis as he would have filed if he had
disagreement
between
forms
or
instructions
and
the
lived. If a refund is due on the return and the check is to be
Ordinance.
made payable to persons other than the surviving spouse, a
letter of explanation should be attached.
TAXABLE INCOME OF A RESIDENT
ESTIMATED TAX PAYMENTS FOR YEAR 2014
Lapeer residents are required to report the same kinds of
Estimated tax payments are REQUIRED if 2013 Lapeer
taxable income on their city return they report on their federal
income not subject to withholding is more than $10,000 after
return excluding S-corporation flow through income.
exemptions ($100 in tax). A Declaration of Estimated Income
Tax (Form L-1040ES) MUST be filed by April 30, 2014 and
TAXABLE INCOME OF A NONRESIDENT
one-fourth (1/4) of the estimated tax due for 2014 must be paid
The following income is subject to Lapeer tax for a nonresident:
with the declaration.
The three remaining estimated tax
A. Salaries, wages, bonuses, commissions, fees, tips, incentive
payments are due at the end of June, September and January.
payments, severance pay, vacation pay and sick pay received
Failure to make required estimated tax payments or
for work done or services performed in Lapeer.
underpayment of estimated tax will result in assessment of
B. Net profits from the operation of a business or profession
penalty and interest.
attributable to business activity conducted in Lapeer, whether
If at any time during the year your income increases to such a
or not such business is located in Lapeer.
level that one hundred dollars ($100.00) or more of tax will be
C. Net profits from the rental of real or tangible personal
due, a Declaration of Estimated Tax must be filed at that time.
property located in Lapeer.
The Declaration of Estimated Tax (Form L-1040ES) is available
D. Gain from the sale or exchange of real or tangible personal
from the Lapeer Income Tax Department, is included in the tax
property located in Lapeer.
booklet or on the City's website.
E. Premature distribution from an IRA or ROTH IRA (where a
deduction was claimed on a current or previous year's Lapeer
EXTENSION OF TIME TO FILE
income tax return) or a pension plan.
The due date of Lapeer annual returns may be extended for a
period not to exceed six months.
Application for a Lapeer
TAX EXEMPT INCOME
extension must be made and any tentative tax due must be
Tax exempt income includes:
paid (Ord. Sec. 64). Applying for a federal extension does not
A. Gifts, inheritances and bequests.
satisfy the requirement for filing a city extension. When a city
B. Social security, pensions and annuities (including disability
extension is granted, the tentative tax must be paid by
pensions) and Individual Retirement Account distributions
April 30, 2014.
Filing an extension with payment is not
received after reaching age 59 ½.
substitute for making estimated tax payments.
C. Proceeds of insurance where the taxpayer paid policy
premiums. (Payments from a health and accident policy paid
DOCUMENTATION REQUIREMENTS
for by employer are taxable to the same extent as provided by
Copies of all federal schedule(s) and other requested
the Internal Revenue Code).
documentation supporting income, losses and deductions must
D. Unemployment compensation and supplemental
be attached to your return.
unemployment benefits.
Failure to attach schedules and documentation or
E. Worker's compensation or similar payments for death, injury
attaching incomplete schedules and documentation will
or illness arising in the course of an employee's job.
result in deductions being disallowed or delay the
F. Military pay of members of the armed forces of the United
processing of your return.
States,
including
Reserve
and
National
Guard
pay.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial