Form D-1 And Form Aq-1 - Instructions And Worksheet - Estimated Income Tax - 2014
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12014 ESTIMATED INCOME TAX
INSTRUCTIONS & WORKSHEET for FORM D-1 & AQ-1
Income Tax Division
- 1 Cascade Plaza - 11th Floor
-
Akron, OH 44308
- 330-375-2290
DID YOU KNOW THAT YOU CAN FILE AND PAY YOUR 2014 ESTIMATED PAYMENTS ON-LINE?
Payments can be made using our eCheck program or find instructions for making bankcard payments
on our web site. Go to
and click on the “Estimated Payments” button.
Keep this WORKSHEET and PAYMENT SCHEDULE as a record of your calculations and payments made
during the tax year.
Note: Failure to file and pay required quarterly estimated payments will result in penalty
and interest charges.
1. Estimated Taxable Income – total annual earnings expected . 1) $________________________________________
2. Estimated Tax - 2.25% of Line 1.............................................. 2) $________________________________________
3. Credits - City (or JEDD) taxes to be withheld by your
employer and paid to a municipality or JEDD.
(Maximum 2.25% of wages)...................................................... 3) $________________________________________
4. Subtotal of Estimated Tax (Subtract Line 3 from Line 2) .......... 4) $________________________________________
5. Credits:
A. Overpayment from prior year......................... A) $ __________________________
B. Other (specify) ............................................... B) $ __________________________
Total Credits (Add Line 5A and Line 5B) ............... 5) $________________________________________
6. Balance of Akron tax due (Subtract Line 5 from Line 4) ........... 6) $________________________________________
Enter here and on VOUCHER 1 (Form D-1) in the upper right
hand box marked "ENTER YOUR ESTIMATED TAX HERE
"
1
This is your Declaration of Estimated City Income Tax.
7. Amount of Estimated Tax to be paid quarterly.......................... 7) $________________________________________
(Take 1/4th of Line 6 and enter the result here)
2014 PAYMENT SCHEDULE
Retain This Schedule For Your Records
2
Payment
Date Due
% Due
Amount
On-Line Confirmation or Check #
Date Paid
(See Line 7, above)
VOUCHER 1
4/30/2014
25%
$
VOUCHER 2
7/31/2014
50%
$
VOUCHER 3
10/31/2014
75%
$
VOUCHER 4
1/31/2015
100%
$
To amend your Declaration during the year, complete the back of VOUCHERs 2, 3 or 4 (Form AQ-1) and
check the block on the front of the form, indicating that a change is being made.
Amending your
Declaration will most likely require that you adjust your remaining quarterly payments.
1
The declaration of estimated tax shall at a minimum be the lesser of 90% of the estimated current year
annual tax or 100% of the prior year tax. This estimated tax must then be paid in four equal quarterly
payments
.
2
Due Date - Fiscal filers must file and pay their quarterly estimated payments by the end of the 4th, 7th,
10th and 13th months following the start of their fiscal year.
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