Toledo Resident Individual Tax Return Form Instructions

Line 27c - If you have no entry on Line 27b for either spouse enter the amount from Line 27a on Line 27c totaling both

the taxpayer and spouse amount together. If you do have an entry on Line 27b for either spouse, use the lower of Line

27a or 27b before adding both spouse’s figures together, then enter that amount on line 27c.

Line 28 - Subtract line 27c from line 26.

Line 29 - Enter the total estimate payment for the year on 29a and on line 29b enter the overpayment from the prior

year and total both line 29a and 29b on line 29c.

Line 30 - Subtract line 29c from line 28.

Line 30a - If Line 30 is positive, this is a balance due. Enter it on Line 31 (do not remit amounts under $10 as no billing or

collection will occur).

Line 30b - If line 30 is negative, you have an overpayment. Enter it on Line 34 (amounts of less than $10 will be neither

refunded nor credited to the next year). ***Please note that in both cases if the amount is under $10 the return is still

required to be filed to avoid penalty for late filing.

Line 31 - Enter the positive amount from Line 30.

Line 32 - Enter the amount of penalty, the amount of interest, and the late filing fee in the spaces provided and enter

the total of all three on Line 32.

ESTIMATE PAYMENTS ARE REQUIRED if you owe more than $200 after credit for tax withheld. If 90% of the tax liability

due for the current tax year or 100% of the tax liability for the preceding tax year is not paid in estimate form by

December 15

of the tax year, you are subject to penalties and interest even if the tax is paid in full by the due date. Note

that the 100% of the preceding tax year must have been for a full 12 month period and that the tax return was remitted,

filed, with our office).

Penalty: Estimates and Late filed returns: The penalty is 15% of the amount not timely paid.

Interest: at .05% per annum for 2016 and .06% per annum for 2017 will be assessed on each month that the payment

was unpaid. Monthly rate for 2016 is .4167% and for 2017 is .5%. Future interest rates may vary annually.

Late filing fee: Failure to timely file a return by the due date (except for estimate payments) will incur a $25 per month

fee up to $150 for a return filed 6 months late.

Line 33 - Add Line 31 and the total from Line 32. This is your total Balance Due which must be remitted to the

Commissioner of Taxation with this return when filing. Should you not be able to pay in full, please remit what you can

at this time, and file this return timely to avoid a late filing penalty. For Payment by credit card see the link on our

website. Note that if you remit payment via the internet you still must file the paper return with supporting schedules.

Line 34. Enter the amount of the overpayment from Line 30b that you want to be credited to next year’s estimate tax,

and if you want any part of that overpayment refunded to you; enter that amount in the space for refund. Check the

appropriate box or boxes on Page 1 of the return in the upper right hand corner to indicate if you are requesting a credit

carry forward and/or a refund. This will help channel your request to the proper area in our office for processing.

SIGNATURES:

Both you and your spouse (if a joint return) need to sign and date the return. The return is not considered filed unless it

is signed and remitted to the tax department.

Your paid preparer needs to sign in the appropriate space and give their Name, Address, PTIN and phone number.

You should check the box that will allow us to speak with your preparer, if you agree.

REMEMBER TO ATTACH COPIES OF YOUR W2’S TO THE FRONT OF THE RETURN IN THE AREA MARKED ALONG THE

LEFT-HAND SIDE. ATTACH PAGE 1 AND ALL SUPPORTING SCHEDULES FROM YOUR FEDERAL RETURN TO THE BACK OF

THIS FORM. FOR ANY INCOME LISTED IN PART B, ATTACH THE SCHEDULE AND ALSO FORM 2106 OR FORM 2106-EZ

AND SCHEDULE A IF CLAIMING EMPLOYEE BUSINESS EXPENSES.

MAKE SURE YOUR PAYMENT IS MADE OUT TO COMMISISONER OF TAXATION AND ACCOMPANIES THIS RETURN. DO

NOT STAPLE THE CHECK TO THE RETURN.

Toledo Resident Individual Tax Return Form Instructions - 2016 Page 3

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