Instructions For Walbridge Income Tax Returns 2003 Return Page 2
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1
2SPECIFIC INSTRUCTIONS
PAGE 1 – MUNICIPAL INCOME TAX RETURN
LINE 9(c)
If this return is made for a period other than the calendar year insert
Any tax paid on behalf of a partner of Sub-S owner by the
the beginning and ending date of the period.
partnership or Sub-S on income reported by the partner or Sub-S
owner.
State the correct name, address, and Social Security/Federal I.D.
Number.
LINE 9(d)
Tax paid on an estimated basis to Walbridge for 2003 plus any
SECTION A/LINE 1
overpayment available from 2002.
Total wages, salaries, etc. Attach all W-2’s. IF YOU HAVE NO
OTHER TAXABLE INCOME AND NO ENTRY ON LINE 3B,
LINE 9(e)
YOU MAY SKIP TO LINE 7 AND COMPUTE YOUR TAX
Tax paid on income other than wages to another municipality
LIABILITY.
limited to 1% on income subject to tax there. Attach proof.
LINE 2
LINE 10
Enter on Line 2 the total income from all Federal Income Schedules
Enter difference of Line 9(e) from Line 8. Balance of tax due should
attached.
be paid at time of filing to the Village of Walbridge.
LINE 3(a)
LINE 11(a)
If you use the figure from your Federal Return as the basis for
If the total credit (Line 9e) exceeds the total tax (Line 8), enter the
filing this return and it is necessary to adjust the federal figures for
difference.
Walbridge tax purposes, enter total of non-deductible items from
Line M, Schedule X, Page 2.
LINE 11(b)
Enter the amount of the overpayment to be credited to your
LINE 3(b)
Declaration of Estimated Tax for the next year.
Enter total of non-taxable items from Line 2, Schedule X, Page 2.
LINE 11(c)
LINE 3(c)
Enter the amount of overpayment to be refunded. Amounts less than
Add excess of Line 3(a) over 3(b) or deduct excess of Line 3(b) over
$5.00 cannot be refunded but can be carried forward.
3(a).
Complete the following only when taxes owed are paid after due
LINE 4
date:
Total income subject to Walbridge Income Tax (Line 1 thru 3).
LINE 12(a)
LINE 5
Penalty at the rate of 1% per month and interest at the rate of 1%
Enter amount allocable to Walbridge if business allocation formula
per month will be charged on all unpaid tax as of the original due
(Schedule Y, Page 2) is used.
date of the tax.
LINE 6
An extension of time for filing your return is not an extension to pay
Enter the unused balance of an allocable loss, if any from previous
the tax. If the tax and interest is not paid in full when the return is
year’s Walbridge Income Tax Return. Submit schedule showing
filed, penalty and interest is charged from the original due date of
computation of such loss. See item 6 General Instructions.
the return.
LINE 7
LINE 12(b)
Enter the amount subject to Walbridge Income Tax from Line 1, or
A late fee of twenty-five dollars will be charged in all cases where a
the sum of Lines 1 thru 6.
return is received by our office dated with a postmark after the due
date or extended due date of the return.
LINE 8
Additional penalty and interest will be charged for underpaying
Enter the tax at 1
1
/
% computed from amount shown on Line 7, or
2
estimated tax. See below.
Line where applicable.
LINE 13 Enter the TOTAL OWED (Line 10 plus Line 12).
LINE 9(a)
RESIDENTS OF WALBRIDGE – Take credit for all taxes
Signature Do not fail to sign and date your return before submitting
withheld by employers for Walbridge – Section A (A3).
it to the Income Tax Department. A return is not “filed,” within the
meaning of the law until signed by the taxpayer or a person legally
LINE 9(b)
authorized to sign tax returns for such taxpayer, if the return is
RESIDENTS OF WALBRIDGE – Take credit for tax withheld for
prepared by someone other than the taxpayer, such person must also
cities other than Walbridge limited to 1% on the income earned
sign the return.
there – Section A (A4).
*ESTIMATED TAX REQUIREMENTS:*
Any individual having or anticipating a tax liability to the Village of Walbridge in an amount greater than $100.00 is required to file a
declaration of tax payable in four quarterly installments. Should you be required to pay estimated tax, see the “ESTIMATED TAX
INSTRUCTIONS” section of this package.
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