Schedule Tc (Form Gr-1040) - Part-Year Resident Tax Calculation - City Of Grand Rapids - 2010

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SCHEDULE TC
Grand Rapids
PART-YEAR RESIDENT TAX CALCULATION
THIS SCHEDULE IS TO BE ATTACHED TO GR-1040
(Formerly Schedule L of GR-1040R)
Taxpayer's name
Taxpayer's SSN
FORM GR-1040, SCHEDULE TC
This form is for use by:
1.
RESIDENTS required or electing to report income based upon the period of time the income was received. Residents must use
columns A through D to calculate the Grand Rapids income tax due.
2. NONRESIDENTS required or electing to report income based upon the period of time the income was received. Nonresidents
must use columns A, B, E and F to calculate the Grand Rapids income tax due.
3. PART-YEAR RESIDENTS. A part-year resident must use columns A and B and the the proper resident or nonresident columns
C, D, E or F, based upon the time the income was received, to calculate the Grand Rapids income tax due. A part-year resident
is also required to complete dates of residency, Box A, and the former addresses for the taxpayer and spouse, box B below.
A. PART-YEAR RESIDENCY PERIOD
B. PART-YEAR RESIDENT'S FORMER ADDRESS
From
To
Taxpayer
Taxpayer
Spouse
Spouse
Enter total number of exemptions. (Form GR-1040, page 2, box 3.)
EXEMPTIONS
Column A
Column B
Column C
Column D
Column E
Column F
Federal return data
Exclusions and
Resident Income
Resident Income
Nonresident Income
Nonresident Income
INCOME
(1/1 to 12/31/2010)
Adjustments
(1/1 to 6/30/2010)
(7/1 to 12/31/2010)
(1/1 to 6/30/2010)
(7/1 to 12/31/2010)
1.
Wages, salaries, tips, etc.
1
NOT TAXABLE
NOT TAXABLE
2.
Taxable interest
2
NOT TAXABLE
NOT TAXABLE
3.
Ordinary dividends
3
NOT TAXABLE
NOT TAXABLE
NOT TAXABLE
NOT TAXABLE
4.
Taxable refunds, credits or offsets
4
5
Alimony received
5
NOT TAXABLE
NOT TAXABLE
NOT TAXABLE
NOT TAXABLE
5.
Alimony received
5
6.
Business income (Fed. Sch. C.)
6
7.
Capital gains or losses (Fed. Sch. D.)
7
8.
Other gains or losses (Fed. Form 4797.)
8
9.
Taxable IRA distributions
9
10.
Taxable pension distributions (Form 1099-R.)
10
11.
Rental real estate, etc. (Fed. Sch. E.)
11
12.
Reserved
12
13.
Farm income or loss (Fed. Sch. F.)
13
NOT TAXABLE
NOT TAXABLE
NOT TAXABLE
NOT TAXABLE
14.
Unemployment compensation
14
NOT TAXABLE
NOT TAXABLE
NOT TAXABLE
NOT TAXABLE
15.
Social security benefits
15
16.
Other income (Attach statement.)
16
17.
Total income (Add lines 1 through 16.)
17
See instructions. Deductions must be allocated on the same basis as related income.
DEDUCTIONS
18.
IRA deduction (Attach page 1 of federal return.)
18
19.
Self Employed SEP, SIMPLE (Att. pg. 1 of fed. ret.) 19
20.
Employee business expenses (Att. Fed. Form 2106.) 20
21.
Moving expenses (Att. Fed. Form 3903.)
21
22.
Alimony paid ( Attach page 1 of federal return.)
22
23.
Renaissance Zone deduction (Att. Sch. RZ .)
23
24.
Total deductions (Add lines 18 through 23.)
24
25.
Total income after deductions (Subtract line 24 from line 17.)
25
Amount for exemptions (Number of exemptions (_____) times $675.)
26.
Enter the total value of exemptions in the first column used. If the amount for exemptions on
line 26 of the column is greater than the total on line 25 of the column, enter the excess
exemption amount ( line 26 less line 25 of the column) on line 26 of the next column used
and continue the computation across all columns used.
26
27a.
Total income subject to tax as a resident (Subtract line 26 from line 25.)
27a
27b.
Total income subject to tax as a nonresident (Subtract line 26 from line 25.)
27b
1.3% (0.013)
1.5% (0.015)
0.65% (0.0065)
0.75% (0.0075)
TAX RATES
28a.
Tax at resident rate
28a
(MULTIPLY LINE 27a BY RESIDENT TAX RATE.)
28b.
Tax at nonresident rate
28b
(MULTIPLY LINE 27b BY NONRESIDENT TAX RATE.)
28c.
28c.
Total tax (Add lines 28a and 28b.)
Total tax (Add lines 28a and 28b.)
2
28c
(ENTER HERE AND ON GR-1040, LINE 28)
(ENTER HERE AND ON GR-1040, LINE 28)
2010 Schedule TC, revised 01/19/2011

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