Form Income Tax Return - City Of Brook Park

RETURN OR EXTENSIONS DUE 4/30/03 OR 120 DAYS AFTER FISCAL YEAR END

NAMES SHOWN ON FRONT OF FORM

YOUR SOCIAL SECURITY NUMBER

FID #

ALL RETURNS WITH SCHEDULES MUST BE TIMELY FILED TO RETAIN LOSS/CARRY FORWARD PRIVILEGES.

SCHEDULE C - ATTACH COPIES OF FEDERAL SCHEDULES (ENTER TOTAL INCOME FROM SCHEDULES)

FOR SCHEDULE C, FORMS 1120 AND 1065

SCHEDULE E - INCOME FROM RENTS

ATTACH COPY OF FEDERAL SCHEDULE E

TYPE & ADDRESS OF PROPERTY, CITY & STATE

TENANT'S NAME

NET INCOME (LOSS)

SCHEDULE H - OTHER INCOME NOT INCLUDED IN SCHEDULES ABOVE FROM PARTNERSHIPS, S CORPORATIONS, ESTATES, TRUSTS, FEES, ETC.

RECEIVED FROM

FOR (DESCRIBE)

AMOUNT

TOTAL INCOME SCHEDULE H

ADD TOTALS OF SCHEDULES C, E, & H. ENTER HERE AND ON LINE 2 (OTHER INCOME) ON FRONT OF FORM

SCHEDULE X

RECONCILIATION WITH FEDERAL INCOME TAX RETURN - Attach Schedules

ADD

DEDUCT

ITEMS NOT DEDUCTIBLE

ITEMS NOT TAXABLE

a. Capital Losses (Excluding Ordinary Losses)

n. Capital gains (Excluding Ordinary Gains, see instructions) $

Any amount received on a sale of tangible personal property or real property used

b. Expenses incurred in the production of non-taxable

income (At least 5% of LIne T must be added back)

in business, in excess of book value, shall be treated as taxable income under the

ordinance to the extent of depreciation allowable after January 1, 1967.

c. Contributions exceeding allowance of 5%

d. Taxes based on income

o. Other (See Below)

e. Net operating loss deduction per Federal return

f. Payments to partners

g. Sick pay not included in Line 1 on front

h. Other expenses not deductible (Explain)

i. Total Additions

t. Total Deductions

This schedule is used to determine how much of your Federal net income is

subject to the city income tax. Both the State and Federal governments pre-

Items not deductible, Line i

empt the city from taxing long-term capital gains. Business expenses related

to non-taxable income are added back on line B. State and Local taxes based

Items not taxable, Line t

upon income are added back on line D. If the Ohio Franchise Tax is paid on

Enter excess/loss of line i, or line t

(X) $

net income it must be included in line D. However, the net worth computation

from the same Franchise return is placed on line O. Line C contributions up to

5% are treated in the same manner as on the Federal return. Line O other is

for miscellaneous adjustments. For the years 1986 - 1988 Business Intangible

Income is not an allowable deduction on schedule X. Any miscellaneous

Line (Z) add schedule totals

adjustment must be fully explained and legal basis cited. If adjustment is made

(c), (d), (e), (h) and (x)

(Z) $

because of pre-emption you must attach proof that the tax has been paid or

is subject to be paid to the State or Federal government by citing the code

under which the deduction is made.

SCHEDULE Y

BUSINESS ALLOCATION FORMULA

a. LOCATED

b. LOCATED IN

c. PERCENTAGE

EVERYWHERE

THIS MUNICIPALITY

(b ÷ a)

STEP 1. AVG. VALUE OF REAL & TANG. PERSONAL PROPERTY

GROSS ANNUAL RENTALS PAID MULTIPLIED BY 8

TOTAL STEP 1.

STEP 2. WAGES, SALARIES, AND OTHER COMPENSATION PAID

STEP 3. GROSS RECEIPTS FROM SALES MADE AND/OR WORK

OR SERVICES PERFORMED (SEE INSTRUCTIONS)

4. TOTAL PERCENTAGES

5. AVERAGE PERCENTAGE (Divide Total Percentages by Number of Percentages Used).

6. MULTIPLY LINE (Z) BY AVERAGE % FROM STEP 5 ABOVE. ENTER THIS AMOUNT HERE

AND ON LINE 2 PAGE 1

OVERPAYMENTS:

overpayments for individuals and businesses required or currently making estimated tax payments: Effective

8/8/90, ordinance 7478-1990 requires overpayments of less than forty dollars (($40.00) not to be refunded. The overpayment is required to be

applied against a liability in the subsequent year where it is evident that a liability will exist in a subsequent year. Please place the overpay-

ment on line E5a of the 2003 declaration portion of the return. If your employment or business situation has changed, and you will not be

subject to estimated tax payments, please write across the 2003 declaration section "NO LONGER APPLICABLE".

SCHEDULE 2106

If submitting 2106 expenses, remit Federal Form 1040 Schedule A, and reduce by 2%. If Schedule A is not

submitted, no 2106 expenses will be allowed.

Form Income Tax Return - City Of Brook Park - 2002 Page 2

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