Worksheet W-2 - Wage And Tax Statement - City Of Amherst

SCHEDULE C

PROFIT OR LOSS FROM BUSINESS OR PROFESSION

Attach Federal Schedules. (If taxes paid to other cities, attach other cities’ returns.)

Business Name

Business Address

1. Net Profit or Loss

2. Add Items not Deductible (Schedule X Line 5)

3. Deduct Items not Taxable (Schedule X Line 10)

(

)

4. Adjusted Net Profit or Loss

5. Schedule Y

% allocable to Amherst from Schedule Y Step 5

6. Less allocable net loss carry-forward 5 year limit (See Instructions) Attach NOL Schedule

7. Net Profit or Loss (NET PROFIT ONLY, enter on Line 4, page 1)

SCHEDULE E

INCOME FROM RENTS

Attach copy of Federal Schedules.

Current year

Full Address of property, City & State

Net Profit/Loss

Total Profit/Loss

Less NOL $

Net Profit/Loss $

5 yr. Limit, Attach Schedule

*Carry net profit to Line 4, pg. 1

SCHEDULE H

ALL OTHER TAXABLE INCOME

Individual’s distributive share of Income from partnerships, s-corporations, estates, trusts, director’s and other fees, farm and other sources.

Received From

For (DESCRIBE)

Amount

TOTAL INCOME - Enter Line 4, page 1

SCHEDULE X - Reconciliation With Federal Income Tax Return (For Corporations Only)

Items Not Deductible

Add

Items Not Taxable

Deduct

1. Withdrawals by Owner(s)

6. Interest Income

2. Income Taxes Paid or Accrued (Local, State, Federal)

7. Dividends

3. Net Operating Loss Deduction Per Federal Return

8. Capital Gains (Excluding Ordinary Gains)

4. Capital Loss (Excluding Ordinary Losses)

9. Other (Explain)

5. TOTAL ADDITIONS

10. TOTAL DEDUCTIONS

(Enter Here and on Line 2 Schedule C)

(Enter Here and on Line 3 Schedule C)

SCHEDULE Y - Business Allocation Formula

USE WHOLE DOLLARS ONLY!

A. Located Everywhere

B. Located in Amherst

% B Divided by A

STEP 1.

a) Average Value of Real & Tangible Personal Property

b) Gross Annual Rental Receipts Multiplied by 8

c) Total of Step 1

STEP 2.

Net Sales

STEP 3.

Wages, Salaries Paid

STEP 4.

Total Percentages

STEP 5.

AVERAGE PERCENT (Divide Total Percent by Number of Percentages Used) Enter Here and on Line 5 Schedule C.

SCHEDULE Z Partner’s Distributive Shares of Net Income (From Federal Schedule 1065, K-1 and 1099)

2. Resident

3. Distributive Shares

of Partners

Other

Taxable

Amount

Yes

Percent

Amount

Payments

Percentage

Taxable

1. NAME AND ADDRESS OF EACH PARTNER

(a)

(b)

(c)

(d)

100%

7. TOTALS

Worksheet W-2 - Wage And Tax Statement - City Of Amherst - 2003 Page 2

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