Individual Return (For Resident And Non-Resident) - City Of Jackson

RESIDENTS ONLY

INSTRUCTIONS FOR PREPARING TAX RETURN

HEADING INFORMATION

LINE 7 - TAX: Multiply the amount on line 6 by 1% (.01) and enter the result on this

First complete the name, address and filing status, and be certain that your social

line.

security number has been entered correctly.

LINE 8 - JACKSON TAX WITHHELD: Add all local tax withheld from W2’s and

Fill in the name of your current employer, and other sources of income. Check the

then drop cents. A legible copy of your W-2 (be sure and attach city copy to show

resident box on page 1, J1040 if you were a resident for the full taxable year, also

city withholding) must be submitted with your return to obtain credit for amount with-

part year residents with no non-resident taxable income. Enter dates of residency from:

held. Attach the W-2 to the front of the J1040.

_____________________________ and To: ______________________________ ;

LINE 9 - ESTIMATE PAYMENTS: Enter amounts paid on Declaration of Estimated

List names and S.S. numbers of exemptions claimed on your 2003 Federal 1040.

Tax during 2003 including overpayment from 2002 J1040.

EXEMPTIONS: $600 is allowed for each exemption in 2003. Double exemptions are

LINE 10 - OTHER CREDITS: Enter tax paid to another Michigan municipality but not

allowed for the following: taxpayers 65 or over, blind or paraplegic taxpayers.

more than you would have owed Jackson on the same income as a non-resident.

Children with taxable income may claim themselves on their own returns even

Also enter amount of any tax paid in your behalf by a partnership, or any payments

though their parents may have already claimed them as exemptions. (Any questions

made on a tentative return. *Attach copy of other municipalities returns.

concerning this matter may be referred to the Income Tax Office at 788-4044).

LINE 11 - TOTAL PAYMENTS AND CREDITS: Add line 8, 9 and 10.

LINE 1 - TOTAL INCOME: Enter Total Gross for 2003 Income. Add all income from

W2’s and then drop cents. If you have no additions or subtractions, carry this amount

BALANCE DUE OR OVERPAYMENT

to line 4. (Attach all schedules per Federal Return). Round to nearest dollar.

LINE 12 - BALANCE DUE: If line 7, (your tax) is larger than line 11, (your payments

LINE 2 - ADDITIONS TO INCOME: Total from page 2, Schedule 2R, Line C,

and credits) enter the difference. This amount must be paid when filing this return.

Schedule 2R:

Taxpayers making payments on estimated tax are required to file a return (Form

Line A - Enter on this line, losses prior to Jan. 1, 1970 on sales and

J1040ES). Make your check or money order payable to Treasurer, City of Jackson,

exchanges of property which have been deducted in arriving at a total gross

and mail your return and payment to Income Tax Division, City Hall, Jackson,

income. (see line D under Subtractions From Income for explanation of gain

Michigan 49201. (No payment is necessary if less than $1.00).

and loss computation.)

Line B - Enter any additional adjustments on this line and explain in a sepa-

LINE 13(A) - REFUND: Enter the overpayment to be refunded. Refunds of less than

rate statement. 1120-S income not taxable on individual return.

$1.00 will not be made but return must be filed with the Income Tax Division.

Line C - Total Additions

*Losses on sale of your residence, car or other non-business property can-

LINE 13(B) - CREDIT 2003 ESTIMATED TAX: If you wish to have your over-pay-

not be deducted. A gain on the sale of your residence need not be recog-

ment credited to your 2004 estimated tax, enter the amount on this line. Attach a

nized if a new residence is purchased in Jackson at a cost greater than the

complete 2003 Declaration of Estimated Tax and your payment.

adjusted sales price of the old one, under the same time limits and other

conditions as under the IRS code.

LINE 14 - After April 30 interest & penalty will be assessed, penalty not to exceed

25% of unpaid Tax. If the total interest and penalty to be assessed is less than $2.00,

LINE 3 - SUBTRACTIONS FROM INCOME: Total from page 2, Schedule 2R, Line M.

the administrator shall assess a penalty in the amount of $2.00.

Schedule 2R.

Line D - Enter portion of gain on sale of property prior to Jan. 1, 1970, the

LINE 15 - Enter total amount due.

amount of gain or loss occurring before Jan. 1, 1970 can be determined

either by 1) computing the difference between cost and fair market value at

SIGN YOUR RETURN

Jan. 1, 1970 or 2) multiplying the Federal income tax gain or loss by the ratio

of number of months held prior to Jan. 1, 1970 to total months held.

Be sure that your return is signed. If you are filing jointly, both husband and wife

Lines E through L - Enter on the appropriate line any non-taxable item which

must sign. Any balance due must be paid when you file.

may be included in your total gross income on page 1, line 1. Moving

expenses are allowable only if moving into the city (not allowable subtraction

NOTE: A taxpayer who was a resident part of the year and lived and worked

from income when moving away from the city). 1120-S loss not deductible

outside the city the balance of the year, shall use the rate of 1% on his earn-

on individual return.

ings as a resident only. Use line L (Schedule 2R) to remove non-taxable

income if included.

NOTE: The items on Lines D through K may only be subtracted to the extent they

are included in income.

ASSISTANCE:

For questions not answered in this booklet or assistance in preparing your return,

LINE 4 - ADJUSTED INCOME: Add lines 1 and 2 less 3.

call (788-4044 or 788-4043) or visit the Income Tax Division located on the 1st Floor

of City Hall, 161 W. Michigan Avenue, Jackson, MI.

LINE 5 - EXEMPTIONS: Multiply the number of exemptions claimed by $600 and

enter the result on this line.

LINE 6 - TAXABLE INCOME: Line 4 less line 5. If line 5 is larger than line 4 enter 0.

Note: Please attach copies of your Federal forms 4797, 3903 Moving Expenses,

2106 Business Expenses, Alimony and Schedules C, D, E, F, and R, which were

used to arrive at your Adjusted Gross Income, Federal Form 1040.

Individual Return (For Resident And Non-Resident) - City Of Jackson - 2003 Page 3

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