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Line 19: Enter the amount of any tax paid

This may be determined by (1) difference

expense account or other arrangement

between the fair market value on January

with your employer, if the reimburse-

on your behalf by a partnership. Enter the

1, 1972 and sales price, or (2) multiplying

ment was included in gross income.

federal employer number of the partner-

the federal income tax gain or loss by the

ship in the space provided.

Line 21: Tax Due. If line 20 is less than

ratio of number of months held after

For nonresidents, the adjustments are lim-

January 1, 1972 to total months held.

ited to the amount shown on your U.S.

line 16, enter the difference. This is the tax

2106 multiplied by the percentage on GR-

you owe with your return. If the balance is

Schedule 2 - Self-employed Non-resi-

1040, Schedule 1, line 3. If you did not

due is less than $1, no payment is required,

dents.

complete Schedule 1, use 100% of your

but you must still file your return. See

Complete Schedule 2 if your business

U.S. 2106 amount.

“Where to Mail Your Return” on page 1.

Line 24: Your Refund. This includes any

earned income both inside and outside the

City of Grayling.

All filers must attach a copy of their U.S.

tax you overpaid and any credits due you.

2106 to their GR-1040.

The city does not refund amounts less than

Enter any other items earned in Grayling

$1, but you must still file your return. See

which are taxable to a nonresident (see

Other allowable subtractions are:

“Where to Mail Your Return” on page 1.

“Taxable Income” on page 3.)

1. Alimony paid. You may deduct

SCHEDULE 3

alimony, separate maintenance pay-

Line 10: Subtractions (attach schedules

(Part-Year Residents Only)

ments and principal sums payable in

and explanations).

installments, to the extent deducible

Complete Schedule 3 if you earned part of

under the Internal Revenue Code.

your income while a resident and your

Note: The Self-Employment Tax and the

Nonresidents must prorate the deduc-

earned income subject to City of Grayling

Self-Employed Health Insurance deduc-

tion based on the percentage of income

tax while a nonresident.

tions allowed on your U.S. 1040 return

taxable by the city as it relates to total

are not allowed as deductions on your

federal adjusted gross income. CHILD

If you earned income as a resident but did

Grayling return.

SUPPORT IS NOT DEDUCTIBLE.

not earn income subject to City of

2. IRA deduction.

Grayling tax while a nonresident, com-

Deductions are not allowed for personal

3. Sick pay which would be excludable

plete Schedule 3, Column A only. Include

expenses such as taxes on your home,

under Internal Revenue Code and

all income received while a resident.

interest on loans, etc.

which was included in gross income

Line 1: Gross Wage

on GR-1040, line 7.

Residents. Enter portion of gain on sale

Col. A: Part-year residents enter gross

of property before January 1, 1972. The

Nonresidents please note: If you complet-

income earned while a City of Grayling

amount of gain or loss occurring before

ed GR-1040, Schedule 1 and are also

resident.

Col. B: Enter gross income subject of City

January 1, 1972 can be determined either

claiming any of these subtractions, your

by (1) computing the difference between

subtraction(s) must be prorated by the per-

of Grayling tax that was earned while a

the cost and fair market value at January 1,

centage calculated on Schedule 1, line 3.

nonresident, if applicable.

Line 13: Taxable Income. Subtract line

Line 2: Additions (attach schedules and

1972, or (2) multiplying the federal

explanations).

income tax gain or loss by the ratio of

12 from line 11. If line 12 is larger than

Col. A: Part-year residents enter any addi-

number of months held before January 1,

line 11, enter zero (0).

1972 to total months held. Also enter any

tions to income received while a City of

Payments and Credits

nontaxable income (see “Nontaxable

Grayling resident.

Line 15a: Grayling Residents. Enter the

Col. B: Enter additions to income received

Income” on page 3) which may be includ-

amount of income taxed by other

ed in your gross income on line 7.

while a nonresident, if applicable. (See

Michigan cities reduced by the exemption

GR-1040, line 8 instructions on page 3).

amount claimed on your GR-1040, line 12.

Residents and Nonresidents. Enter the

Line 3: Subtractions (attach schedules

Line 15b: To calculate the credit, use the

and explanations).

amount of the following expenses you

amount on line 15a and multiply it by 1/2

Col. A: Part-year residents enter any sub-

incurred as an employee in the City of

percent (.005). You must attach copies of

Grayling.

tractions to income while a City of

income tax returns filed with other

1. Travel, meals and lodging while

Grayling resident. NOTE: Moving expens-

cities. The amount of credit may not

away from home

es are an allowable subtraction if you are

exceed the amount of tax actually paid.

2. Expenses as an outside salesperson

moving into Grayling.

Col. B: Enter subtractions to income

who works away from his/her employ-

Line 18: Enter the total estimated tax paid

er’s place of business (does not include

earned while a nonresident, if applicable.

with your 2006 City of Grayling Estimated

driver/salesperson whose primary duty

Attach schedules and explanation. (See

Tax Declaration Voucher (GR-1040ES),

is service and delivery).

GR-1040, line 10 instructions on page 4).

the amount paid with an extension request,

3. Transportation (but not transporta-

and the amount of your 2006 overpayment

Continued on Page 6

tion to and from work).

applied to this year’s tax (from 2003 GR-

4. Expenses reimbursed under an

1040, line 15a).

Individual Income Tax Returns Forms (Resident And Nonresident) - City Of Grayling - 2006 Page 4

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