Form J-1065 - Filing Instructions - Jackson Mi Income Tax Division

INSTRUCTIONS FOR CITY OF JACKSON DECLARATION OF ESTIMATED INCOME TAX

For the Calendar Year 2007 or Authorized Fiscal Year

MAKE REMITTANCE PAYABLE TO “TREASURER, CITY OF JACKSON” AND MAIL TO

INCOME TAX DIV., CITY HALL, JACKSON, MICHIGAN 49201

WHO MUST MAKE A DECLARATION:

Partnerships – Every partnership subject to the tax on all or part of its net profits must file a Declaration of

Estimated Income Tax, if the tax is Two Hundred Fifty Dollars ($250.00) or more.

WHEN TO FILE DECLARATION:

Calendar Year – The Declaration for 2007 must be filed on or before April 30, 2007.

Fiscal Year – The Declaration for a fiscal period must be made within four (4) months after the beginning of the

fiscal period authorized by IRS.

HOW TO FILE:

Your annual return for the preceding year may be used as the basis for computing your Declaration of Estimated

Tax for the current year.

You may use the same figures used for estimating your federal income tax adjusted to exclude any income or

deductions not taxable or permissible under the Jackson Income Tax Ordinance.

INCOME SUBJECT TO JACKSON INCOME TAX (LINE 1):

Residents – All salaries, wages, bonuses, commissions and other compensation, net profits from business or

profession, net rental income, capital gains less capital losses, dividends, interest, income from estates and trusts and

other income.

Non-residents – Salaries, wages, bonuses, commissions or other compensation for services rendered or work

performed in Jackson, net rental income from property in Jackson, net profits from a business, profession or other

activity to the extent that it is from work done, services rendered or activity conducted in Jackson, capital gains less

capital losses from the sale of real or tangible personal property located in Jackson.

AMOUNT TO BE PAID WITH THIS DECLARATION:

PAYMENT – The Estimated Tax may be paid in full with the Declaration or in four (4) equal installments.

Each installment must accompany one of the vouchers provided herewith.

Calendar Year Basis – At least 1/4 must be paid when filing. You will use the vouchers provided herein for the

remaining installments due on or before July 1, September 30, and January 31.

Authorized Fiscal Year Basis – At least 1/4 must be paid when filing. The remaining installments due on or before

the last day of the sixth, ninth, and thirteenth month after the beginning of the fiscal year must accompany the

vouchers provided herein.

Tax credit from 2006 overpayment (line 4) can not exceed the amount of taxes due with this Declaration (That

is, line 5 can not be negative.) Should line 4 be greater than line 5, do not take a credit, but apply for a full refund

on your 2006 J-1065 Return, or increase amount on line 3 (estimated tax) to amount of overpayment credit.

AMENDED DECLARATION:

If, after you have filed a Declaration, you find that your estimated tax is substantially increased or decreased as a

result of a change in your income, you may amend your estimate at the time of making any quarterly payments. Use

the voucher provided herein.

PENALTIES AND INTEREST:

If the total amount of tax withheld or paid by Declaration is less than seventy per cent (70 %) of the final tax due,

interest and penalties will be charged.

ASSISTANCE

If there are any questions not answered in these instructions, call 788-4044 or visit the Income Tax Division.

Questions by mail should be directed to Income Tax Division, City Hall, Jackson, MI 49201.

NOTE – THE FILING OF A DECLARATION OF ESTIMATED TAX DOES NOT EXCUSE THE TAXPAYER FROM

FILING AN ANNUAL RETURN EVEN THOUGH THERE IS NO CHANGE IN THE DECLARED TAX LIABILITY.

Form J-1065 - Filing Instructions - Jackson Mi Income Tax Division - 2006 Page 3

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