Form 27 - Net Profits Tax Return
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1
2Regional Income Tax Agency
(440) 526-4455 Cleveland Local
(614) 538-0512 Columbus Local
NET PROFITS TAX RETURN
(440) 526-5332 TDD ONLY
(800) 860-RITA Toll Free
Form 27
Regional Income Tax Agency
10107 Brecksville Rd.
Brecksville, Ohio 44141-3275
(440) 717-9448 Fax
From Business, Profession, or Other Activity conducted by Partnerships, Corporations, Estates or Trusts
FOR CALENDAR YEAR 20_____ OR FISCAL YEAR BEGINNING ______________________ , 20 _____ AND ENDING ______________________ , _______
(This Return must be filed even though final computation results in net loss.)
CHECK APPROPRIATE BOX(ES) AND SUPPLY REQUESTED DATES
FEDERAL RETURN AND APPLICABLE SCHEDULES AND 1099s MUST
BE ATTACHED. PARTNERSHIPS MUST COMPLETE SCHEDULE Z.
BUSINESS STATUS: OUT OF BUSINESS
3
MO.
DAY
YR.
1
COMPANY NAME
_______________________________________________________
ADDRESS
_______________________________________________________
Federal Employer
Identification No.
_______________________________________________________
NATURE OF BUSINESS ______________________________________
1. TOTAL TAXABLE INCOME (Per Copy Federal Form 1120, 1120S, 1065 or 1041 attached) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(1) $ _________________
2. A. ITEMS NOT DEDUCTIBLE (From Line G, Schedule X) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ADD (2A) $ _________________
B. ITEMS NOT TAXABLE (From Line Z, Schedule X) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . DEDUCT (2B) $ _________________
C. ENTER EXCESS OF LINE 2A or 2B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2C) $ _________________
3. A. ADJUSTED INCOME (Line 1 plus or minus Line 2C) IF SCHEDULE X IS USED . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3A) $ _________________
B. AMOUNT ALLOCABLE TO R.I.T.A. MUNICIPALITIES IF SCHEDULE Y, PAGE 2 IS USED ________ % of Line 3A . . . . . . . . . . . (3B) $ _________________
C. LESS ALLOCABLE NET LOSS PER PREVIOUS MUNICIPAL INCOME TAX RETURNS (submit schedule) . . . . . . . . . . . . . . . . . (3C) $ _________________
4. AMOUNT SUBJECT TO MUNICIPAL INCOME TAX (Line 3A or 3B less 3C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) $ _________________
5. MUNICIPAL TAX DUE (See instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5) $ _________________
NOTE: Must complete Schedule B below to show RITA Municipal distribution(s).
6. A. PAYMENTS ON DECLARATION OF ESTIMATED MUNICIPAL TAX FOR THE YEAR 20 ____
ON NET PROFITS (Form 20) (Do not include penalty and interest payments) . . . . . . . . . . . . . . . . .(6A) $ _________________
B. AMOUNT OF PREVIOUS YEAR CREDITS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(6B) $ _________________
C. TOTAL CREDITS ALLOWABLE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6C) $ _________________
7. A. BALANCE DUE (Line 5 less Line 6C) REMITTANCE PAYABLE TO R.I.T.A. MUST ACCOMPANY THIS FORM . . . . . . . . . . . . . . (7A) $ _________________
B. OVERPAYMENT CLAIMED (If Line 6C exceeds Line 5 enter difference here and check desired block.) . . . . . . . . . . . . . . . . . . . . (7B) $ _________________
REFUND
CREDIT TO OUR ACCOUNT
Overpayments may not be split between credit and refund.
SCHEDULE B
Distribution of Tax within R.I.T.A. MUNICIPALITIES
(If more space is needed, attach additional schedule.)
MUNICIPALITY
TAX AMOUNT
MUNICIPALITY
TAX AMOUNT
MUNICIPALITY
TAX AMOUNT
TOTAL TAX AMOUNT DISTRIBUTED ABOVE MUST EQUAL AMOUNT SHOWN ON LINE 5 ABOVE.
COMPUTATION OF ESTIMATED TAX
8.
DECLARATION OF ESTIMATED MUNICIPAL TAX ON NET PROFITS
REGIONAL INCOME TAX AGENCY
(ROUND TO THE NEAREST DOLLAR)
It is required by municipal ordinance, a Declaration of Estimated Income Tax on Net
TAX YEAR ENDING ______________________
Profits (Form 20) must be filed by the following:
(1) All corporations whose income is derived from sales made, work done, services
8A. ESTIMATED TAX
performed or rendered, and business or other activities conducted in any R.I.T.A.
(FROM DISTRIBUTION BELOW)
$______________________XX
MUNICIPALITY, whether or not such income results in a net profit.
8B. CREDIT (IF ANY) FROM
(2) All resident or non-resident partnerships, limited partnerships, estates or trusts
PRIOR YEAR (7B)
$______________________XX
which expect a profit or loss derived from sales made, work done, services per-
formed or rendered and business or other activities conducted in any R.I.T.A.
8C. LINE A LESS LINE B
$______________________XX
MUNICIPALITY.
8D. AMOUNT PAID (NOT LESS THAN
Fiscal Taxpayers: For businesses whose fiscal year starts on January 1, the estimate is
1/4 OF ESTIMATED TAX)
$______________________XX
due on or before April 30 (April 15 for Bexley, Galena, Milan, Milford Center, Mount
Sterling, New Albany, Powell, Reynoldsburg, Shawnee Hills, Steubenville and Toronto).
IF LINE 8A IS LEFT BLANK AN ESTIMATE WILL BE CREATED FOR YOU
BASED ON PRIOR YEAR LIABILITY AND MUNICIPAL DISTRIBUTION
For businesses whose fiscal year starts after January 1, the estimate is due on the last
day (15th day for Bexley, Galena, Milan, Milford Center, Mount Sterling, New Albany,
9.
TOTAL OF 7A + 8D
$______________________XX
Powell, Reynoldsburg, Shawnee Hills, Steubenville and Toronto) of the fourth month
following the end of the fiscal year.
MAKE CHECKS PAYABLE TO R.I.T.A.
(DISTRIBUTE AMOUNTS OF ESTIMATED TAX FROM ITEM 8A ABOVE)
MUNICIPALITY
RATE
AMOUNT
MUNICIPALITY
RATE
AMOUNT
MUNICIPALITY
RATE
AMOUNT
MUNICIPALITY
RATE
AMOUNT
(If more space is needed, attach additional schedule)
I CERTIFY I HAVE EXAMINED THIS RETURN, INCLUDING ACCOMPANYING SCHEDULES AND STATEMENTS, AND TO THE BEST OF MY KNOWLEDGE AND BELIEF IT IS
TRUE, CORRECT AND COMPLETE, AND THAT THE FIGURES USED HEREIN ARE THE SAME AS USED FOR FEDERAL INCOME TAX PURPOSES.
___________________________________________________________
___________________________________________________________________
Signature of Officer or Partner
(Date)
Preparer’s Signature
Firm Name
___________________________________________________________
___________________________________________________________________
Title
Phone
Preparer’s Address
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