Instructions & Worksheet For Forms Jd-1 And Jq-1 - City Of Akron - State Of Ohio - 2010

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JOINT ECONOMIC DEVELOPMENT DISTRICTS
QUARTERLY PAYMENTS FOR 2010 ESTIMATED TAX
INSTRUCTIONS & WORKSHEET
FOR FORMS JD-1 AND JQ-1
Enclosed with this WORKSHEET and PAYMENT SCHEDULE are your four (4)
payment forms which you should use when making your 2010 Estimated Income
Tax payments for the JEDD tax. Please keep this WORKSHEET as a record of
your calculations and payments made to the JEDD.
1. Estimated Taxable Income for 2010 .......................................1)$ ______________
2. Estimated Tax - 2.25% of Line 1 ............................................2)$ ______________
3. Credits – Please specify __________________________......3)$ ______________
4. Balance of Est. JEDD tax (Subtract Line 3 from Line 2) .........4)$ ______________
Enter here and in the block on the front of Form JD-1
marked “ ENTER YOUR ESTIMATED TAX HERE
1
This is your Declaration of Estimated JEDD Income Tax.
5. Amount of Estimated Tax to be paid quarterly .........................5)$ ______________
(Take 1/4th of Line 4 and enter the result here)
2010 PAYMENT SCHEDULE
Retain Worksheet For Your Records
2
Payment
Date Due
% Due
Amount (See Line 5, above)
Check No.
Date Paid
st
1
(JD – 1)
4/30/2010
25%
$
nd
2
(JQ – 1)
7/31/2010
50%
$
rd
3
(JQ – 1)
10/31/2010
75%
$
th
4
(JQ – 1)
1/31/2011
100%
$
1
Estimated Tax - To avoid interest and penalty charges your estimate must equal either
100% of your prior year JEDD tax liability or 90% of your current year tax liability. Also, this
.
estimate must be paid in four equal quarterly payments
2
Due Date - Fiscal filers must file and pay their quarterly estimated payments by the end of
the 4th, 7th, 10th and 13th months following the start of their fiscal year.
To amend your Declaration, complete the back of the JQ-1 form and check the box on
the front of the form, indicating that there is a change. Amending your Declaration will
usually require that you also adjust your remaining quarterly payments.
Make payments payable to the proper JEDD .... (Bath-Akron-Fairlawn JEDD,
Copley-Akron JEDD, Coventry -Akron JEDD, or Springfield-Akron JEDD).
Do not combine these payments with any other JEDD or City of Akron payments.
Mail payments to :
P.O. Box 80538, Akron, OH 44308
For assistance call :
(330) 375-2539

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