Looking for a Ohio Tax Forms And Templates? Download it for free!

IT 4708

Rev. 11/14

2014

Composite Income Tax

14160202

Return for Certain

FEIN

Investors in a

Pass-Through Entity

SCHEDULE I – TAXABLE INCOME, TAX, PAYMENTS AND NET AMOUNT DUE CALCULATIONS

If the amount below is negative, shade the negative sign (“–”) in the box provided.

1. Total income (from Schedule II, line 40)

.............................................................................

....1.

2. Total deductions (from Schedule III, line 49)

................................................................................2.

3. Income (loss) to be allocated and apportioned (line 1 minus line 2)

..................................

....3.

4. Net allocable nonbusiness income (loss) everywhere, if any (all income and gains, other than

Ohio Revised Code section [R.C.] 5747.212 gains, are presumed to be business income), and

gain (loss) described in R.C. 5747.212. (Attach explanation and supporting schedules.)

..............

..... 4.

5. Apportionable income (loss) (line 3 minus line 4)

.....................................................................

..... 5.

6. Ohio apportionment ratio (from Schedule IV, line 53)

........................................................................... 6.

7. Income (loss) apportioned to Ohio (line 5 times line 6)

.............................................................

..... 7.

8. Net nonbusiness income (loss) allocated to Ohio and gain (loss) apportioned to Ohio

per R.C. 5747.212. (Attach explanation and supporting schedules.)

.......................................

..... 8.

9. Ohio taxable income (sum of lines 7 and 8, but not less than -0-)

....................................................... 9.

10. Tax before credits and grant (multiply the amount on line 9 by .05333)

............................................. 10.

11. Nonrefundable business credits (attach Schedule E) and grant for new manufacturing ma-

chinery and equipment. Attach grant request form

......................................................................... 11.

12. Tax due after nonrefundable business credits and grant. Line 10 minus line 11. If less than

-0-, enter -0-

....................................................................................................................................... 12.

13. Interest penalty on underpayment of estimated tax (attach Ohio form IT/SD 2210)

.......................... 13.

14. Ohio forms IT 4708ES and IT 4708P payments for the taxable year

.................................................. 14.

15. Ohio forms IT 1140ES and IT 1140P payments transferred to this form and any payments

made with previously ﬁ led return(s) for this taxable year

................................................................... 15.

16. Deduct Ohio forms IT 4708ES and IT 4708P payments transferred to Ohio form IT 1140 and

deduct overpayments, if any, previously claimed for this taxable year

................................................ 16.

17. Total net Ohio estimated tax payments for 2014 (sum of lines 14 and 15 minus line 16)

................... 17.

...................... 18.

18. Amount of 2013 overpayment credited to 2014 (see 2013 Ohio form IT 4708, line 22)

19. Total refundable business credits (from Schedule V, line 59)

............................................................. 19.

20. Total of lines 17, 18 and 19

................................................................................................................. 20.

21. Overpayment, if any (line 20 minus the sum of lines 12 and 13, but not less than -0-)

...................... 21.

22. Amount of line 21 to be CREDITED to year 2015 tax liability (if this is an amended return, enter -0-)

........... 22.

.............................................................. 23.

23. Amount of line 21 to be REFUNDED (line 21 minus line 22)

24. Net amount due, if any (sum of lines 12 and 13 minus line 20, but not less than -0-)

........................ 24.

25. Interest and penalty due on late-paid tax and/or late-ﬁ led return, if any

............................................. 25.

26. Total amount due, if any (sum of lines 24 and 25). Make check payable to Ohio Treasurer of



State, include Ohio form IT 4708P and place FEIN on check

................TOTAL AMOUNT DUE

26.

If your refund is $1.00 or less, no refund will be issued. If you owe $1.00 or less, no payment is necessary.

2014 IT 4708

pg. 2 of 7

Form It 4708 - Composite Income Tax Return For Certain Investors In A Pass-Through Entity - 2014 Page 2

Related Articles

Related forms

Related Categories