City Business Income Tax Return Form - City Of Hamilton - 2011 Page 2
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1
2Schedule X
Reconciliation With Federal Income Tax Return As Required By ORC Section 718.01
Items Not Deductible
Add
Items Not Taxable
Deduct
A. Capital Losses (Sec 1221 or 1231 Included)
B. Taxes On or Measured By Net Income
Guaranteed Payments to Partners,
C.
Retired Partners, Members or Other Owners
Expenses Attributable to Non-Taxable Income
D.
(5% of Line J)
I. Capital Gains
E. Real Estate Investment Trust Distributions
(Excluding Ordinary Gains)
Qualified retirement, health insurance and life
Intangible Income
F.
J.
(Interest, Dividends, Royalties)
insurance plans on behalf of owners/owner empl
G. Other (Explain)
K. Other Income Exempt (Explain)
Total Additions
$
Total Deductions
$
H.
L.
(Sum Lines A through G
(Sum Lines I through K)
Total
$
(Combine Lines H and L, Enter Net on Line 2 Page 1)
Schedule Y
Business Apportionment Formula
A. Located Everywhere B. Located In This City C. Percentage (B ÷ A)
TOTAL
Step 1 Original Cost of Real & Tangible Personal Property
Gross Annual Rentals Paid Multiplied By 8
Total Step 1
%
Step 2 Gross Receipts from Sales Made and/or Work or Services
%
Performed
Step 3 Wages, Salaries & Other Compensation Paid (See Schedule Z)
%
Step 4 Total Percentage
%
Step 5 Average Percentage
Divide Total Percentages By Number of Percentages Used.
%
Carry % to Line 3B, Page 1
Schedule Z
Reconciliation to Withholding Tax Reconciliation
A. Total Wages Allocated to This City (From Federal Return or Schedule Y)…………………………………………………………….$_________________
B. Total Wages Shown On Withholding Tax Reconciliation…………………………………………………………………………………$_________________
C. If Lines A and B Do Not Match, Provide a Detailed Explanation or a Billing Letter Will Be Sent For Any Difference:
_______________________________________________________________________________________________________________________________
_______________________________________________________________________________________________________________________________
_______________________________________________________________________________________________________________________________
Additional Required Information
Has Your Federal Tax Liability for any Prior Year Been Changed as a Result of an Examination By the Internal Revenue Service?
No Yes,
List Year(s) _______________________________________________ Has An Amended Return Been Filed With this City? No
Yes
Do You Have Employees Working In The City?
N/A No
Yes, Copies Of Employee W-2 Forms Must Be Submitted By February 29
.
th
Do You Use Subcontract Labor To Perform Work In This City?
N/A No
Yes, Copies Of 1099’s Must Be Submitted By February 29
.
th
Are Any Employees Leased In The Year Covered By This Return?
N/A No
Yes, Provide Name, Address And Federal ID Number Of The Leasing Company:
Name ___________________________________________________________________________
Address __________________________________________________________________________
City, State, Zip ____________________________________________________________________
Federal ID Number _________________________________________________________________
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