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2012 C I T Y OF LANSING ESTIMATED INCOME TAX

FORM L-1040ES

FOR INDIVIDUALS, CORPORATIONS AND , PARTNERSHI.PS

INSTRUCTIONS FOR LANSING ESTIMATED INCOME TAX

WHO MUST MAKE ESTIMATED PAYMENTS

INDIVIDUALS AND UNINCORPORATED BUSINESSES: Every resident or non-resident who expects taxable

income from which the Income Tax will not be withheld, must file an Estimated Tax. An estimate is not required

if the estimated tax, Line 7 of the Worksheet for Estimated Income Tax, is one hundred dollars ($100.00) or

less. A husband and wife may file a joint Estimate.

CORPORATION: Every corporation subject to the tax on all or part of its net profits must file Estimated

Income Tax. An Estimate is not required from a corporation if the estimated tax, Line 7 of the Worksheet for

Estimated Income Tax, is two hundred fifty dollars ($250.00) or less.

PARTNERSHIPS: A partnership whose partners are subject to tax on all or part of their distributive share of net

profit may file a Estimated Income Tax, and the partners will not be required to file individual estimated tax

unless they have other income on which the Lansing Income Tax is expected to exceed one hundred dollars

($100,00). The names, addresses and social security numbers of the partners on whose behalf the estimate is

filed shall be shown on an attached schedule.

WHEN TO FILE THE ESTIMATE AND PAY THE TAX

CALENDAR YEAR TAXPAYERS

FILING: If you need an extension and your four (4) quarterly estimated payments do not cover,

an additional payment must be made with the extension.

PAYMENT: The estimated tax must be paid in four (4) equal installments on or before

April 30, 2012, June 30, 2012, September 30, 2012 and January 31, 2013.

FISCAL YEAR TAXPAYERS

FILING: If you need an extension and your four (4) quarterly estimated payments do not cover 100% of

your tax, an additional payment must be made with the extension.

Payment must be made with the extension. PAYMENTS: The estimated tax must be paid in full in four (4)

equal installments on or before April 30, June 30, September 30, and January 31, or on or before the 4 1 ', 6'h, 9'h

and 13' x ' month after the beginning of the taxable fiscal year.

*If the due date falls on a Saturday, Sunday or legal holiday, the due date is extended to the

next day which is not a Saturday, Sunday or legal holiday.

INCOME SUBJECT TO LANSING INCOME TAX

RESIDENTS: All salaries, wages, bonuses, commissions and other compensation, net profit from a business or

profession, net rental income, capital gains less capital losses, dividend income, interest income, income from

estates and trusts, and other income.

NON-RESIDENTS: Salaries, wages, bonuses, commissions and other compensation for services rendered or

work performed in Lansing; Net rental income from property in Lansing; Net profits from a business, profession or

other activity to the extent that it is from work done, services rendered or activity conducted in Lansing; Capital

gains less capital losses from the sale of real or tangible personal property located in Lansing. The ordinance and

regulations should be reviewed if you have a question concerning the allocation of income earned in Lansing.

HOW TO FILE

Your annual return for the preceding year may be used as the basis for computing your estimated tax

for the current year.

You may use the same figure used for estimating your federal income tax adjusted to exclude any income or

deductions not taxable or permissible under the Lansing Income Tax Ordinance,

WITHHOLDING TAX CREDITS AND OTHER CREDITS (Line 5)

WITHHOLDING TAX CREDITS: You may subtract from your estimated Lansing Income Tax (Line 4), the

amount of Lansing income tax expected to be withheld.

INCOME TAX PAID TO ANOTHER CITY: If you are a resident of Lansing and pay income tax to another city on

income earned outside of Lansing you may subtract from your estimate of Lansing income tax the amount of

income tax expected to be paid to the other city. This credit may not exceed the amount of tax assessable under

the Lansing Income Tax Ordinance on the same amount of income of a non-resident. (Worksheet Line 6)

Instructions For Form L-1040es - Estimated Income Tax For Individuals, Corporations And, Partnerships - 2012

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