Income Tax Return - City Of Canton - 2015 Page 2
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1
2TY 2015
ATTACH COPIES OF ALL FEDERAL SCHEDULES AND SUPPORTING STATEMENTS
LINE 1. NET PROFIT/LOSS (FORM 1041, 1065, 1120 1120S, ETC.)
1. $
SCHEDULE X
RECONCILIATION WITH FEDERAL INCOME TAX RETURN - Attach Schedules
ITEMS NOT DEDUCTIBLE
ADD
ITEMS NOT TAXABLE
DEDUCT
a.
Capital Losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
p.
Capital gains (Excluding Ordinary Gains From 4797) . .
$
$
q.
Interest Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b.
Expenses incurred in the production of non-taxable
income (At least 5% of Line t) . . . . . . . . . . . . . . . . . . .
r.
Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c.
Taxes based on income . . . . . . . . . . . . . . . . . . . . . . . .
s.
Other (Explain) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
d.
Payments to partners . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
e.
Other (Explain). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$
f.
Total Additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$
t.
Total Deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
LINE 2. EXCESS INCOME/DEDUCTIONS (SCHEDULE X LINE f MINUS LINE t)
2. $
LINE 3. RECONCILED NET PROFIT/LOSS (LINE 1 PLUS LINE 2)
3. $
SCHEDULE Y BUSINESS ALLOCATION FORMULA
a. LOCATED
b. LOCATED IN
c. PERCENTAGE
EVERYWHERE
THIS MUNICIPALITY
(b ÷ a)
STEP 1.
AVG. ORIGINAL COST OF REAL & TANG. 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 (SEE INSTRUCTIONS).
%
STEP 3.
WAGES, SALARIES, AND OTHER COMPENSATION PAID.
%
4.
TOTAL PERCENTAGES.
5.
AVERAGE PERCENTAGE (Divide Total Percentages By 3. A factor is applicable even though it
%
may be allocable entirely in or outside THE CITY of CANTON).
LINE 4. ALLOCATED NET PROFIT/LOSS (LINE 3 MULTIPLIED BY STEP 5 SCHEDULE Y)
4. $
LINE 5. NET OPERATING LOSS CARRY FORWARD
5. $(
)
ATTACH SCHEDULE
6. $
LINE 6. CANTON TAXABLE INCOME (LINE 4 PLUS LINE 5)
IF LOSS ENTER ZERO AND CARRY FORWARD TO NEXT YEAR
ENTER LINE 6 ON PAGE 1 LINE 1
SCHEDULE Z
Partners Distributive Shares of Net Income - From Federal Schedules 1065 K-1 and 1120S K-1
Distributive Shares
2. Resident
3.
of Partners
4. Other
5. Taxable
6. Amount
Payments
Percentage
Taxable
Partner’s Social
1. NAME AND MUNICIPALITY OR TOWNSHIP OF EACH PARTNER
Yes
No.
Percent
Amount
Security No.
$
$
$
7.
TOTALS
100
$
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