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City of Grayling Estimated Individual Income Tax Voucher GR-1040ES

General Information

WHO MUST FILE ESTIMATED

the GR-1040ES voucher for that install-

year. You may use the same figures used

TAX PAYMENTS

ment. Do not staple your check to the

for estimating your federal income tax

You must make estimated income tax

return. See the filing instructions on the

adjusted to exclude any income or

payments throughout the year if you

back of the GR-1040ES voucher.

deductions not taxable or permissible

expect to owe more than $100 when you

under the Grayling Tax Ordinance.

file your 2005 GR-1040 return.

LATE PAYMENTS OR UNDER-

PAYMENT OF ESTIMATES

WHEN YOUR INCOME CHANGES

DUE DATES OF PAYMENTS

If you fail to make required estimate

DURING THE YEAR

You may pay in full with the first esti-

payments, pay late or pay less than 70

If you are already making estimated

mate voucher, due April 30, 2005. You

percent of the final tax due, penalty and

payments, you may change your esti-

may also pay in equal installments due

interest may be charged.

mate payment amount on the next

on or before April 30, 2005; June 30

installment.

2005; September 30, 2005 and January

TYPES OF INCOME THAT MAKE

31, 2006.

ESTIMATED TAX PAYMENTS

If you are not already making estimated

NECESSARY

payments, use the following chart to see

Fiscal year filers. Adjust all dates to

which period the tax is due.

correspond with your fiscal year. The

Residents. All salaries, wages, bonuses,

first installment payment is due on the

commissions and other compensation

If the

Pay on

30th day of the fourth month after your

(usually earned from employers located

change occurs:

or before:

fiscal year ends. (Example: If your year

outside of Grayling city limits who do

ends March 30, your first payment is

not withhold Grayling income tax); net

April 1 through

due July 30.)

profits from business or profession; net

May 31

June 30, 2005

rental income; capital gains less capital

Note: You will NOT receive reminder

losses; dividends; interest; income from

June 1 through

notices; save these forms for all your

estates and trusts, lottery winnings and

August 31

Sept. 30, 2005

year 2005 payments.

other income.

Sept. 1 through

WHERE TO MAIL YOUR PAYMENT

Nonresidents. Salaries, wages, bonuses,

December 31

Jan. 31, 2006

commissions or other compensation for

Make check payable to:

services rendered or work performed in

If you do not want to adjust your fourth

Grayling; net rental income from prop-

installment voucher, you may file your

“City Treasurer”

erty in Grayling; net profits from busi-

year 2005 Grayling income tax return

ness; profession or other activity to the

before January 31, 2006 instead. If you

Send your voucher and check to:

extent that it is from work done; servic-

decide to do this, you do not have to file

es rendered or activity conducted in

the fourth voucher (due January 31,

City of Grayling

Grayling; and capital gains less capital

2006). If you were not making estimated

Income Tax Division

losses from the sale of real or tangible

payments but a change occurs between

P.O. Box 549

personal property located in Grayling.

September 1 and December 31 that

Grayling, MI 49738

requires you to file estimates, you may

HOW TO FILE

file your 2005 GR-1040 return by

Write your Social Security number(s)

Your annual return for the preceding

January 31, 2006 instead of filing a GR-

and the words “2005 Estimated Tax” on

year may be used as the basis for com-

1040ES.

the front of your check. Return it with

puting your estimated tax for the current

Instructions For Form Gr-1040es - City Of Grayling Estimated Individual Income Tax Voucher

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