Declaration Of Estimated Income Tax/quarterly Statement - City Of Flint

City of Flint

Treasury- Income Tax Department

1101 South Saginaw Street

Flint, Michigan 48502

Phone 810-766-7015

Pursuant to Section 62, of the Flint City Ordinance "A person who anticipates taxable income from which

the city income tax will not be withheld with the city or the department shall file a declaration of estimated

tax on a form furnished by or obtainable on request from the city…"

WHO MUST MAKE A DECLARATION

A. Individuals and Unincorporated Businesses: Every resident or nonresident who expects taxable

income from which the city income tax will not be withheld must file a Declaration of Estimated Income

Tax. A Declaration is not required if the estimated tax is one hundred dollars ($100.00) or less. A

husband and wife may file a joint Declaration.

B. Corporations: A corporation (including Subchapter S corporations) subject to the tax on all or part of

its net profits must file a Declaration of Estimated Income Tax. A Declaration is not required from

corporations if the estimated tax is two hundred fifty dollars ($250.00) or less.

C. Partnerships: A partnership which elects to pay the tax on behalf of its partners must file a

Declaration of Estimated Income Tax if the tax due from the partnership is expected to exceed one

hundred dollars ($100.00). If the partnership elects to pay the tax on behalf of the partners, a partner will

not be required to file a declaration as an individual unless the partner has other income on which the

City of Flint income tax is expected to exceed one hundred dollars ($100.00).

WHEN AND WHERE TO FILE A DECLARATION AND PAY ESTIMATED TAX

A. Calendar Year Taxpayers: The Declaration for a year must be filed on or before April 30 of the tax

year.

B. Fiscal Year Taxpayers: The Declaration for a fiscal year must be filed within four (4) months after

the beginning of the fiscal year.

C. Payment of Estimated Tax: The estimated tax may be paid in full with the Declaration or paid in four

(4) equal quarterly installments. Calendar year installments are due on or before April 30, June 30,

and September 30 of the tax year and January 31 of the next year. Fiscal year installments are due

on or before the end of the fourth, sixth, ninth and thirteenth month after the beginning of the fiscal year.

The first installment payment must accompany the Declaration. If the Declaration is paid late in the year,

previously missed payments must accompany the Declaration.

D. Where to Send Payments: The Declaration and quarterly payments shall be filed with the City Of

Flint Income Tax Department, P.O. Box 99, Flint, MI 48501

LATE PAYMENT OR UNDERPAYMENT OF ESTIMATED INCOME TAX

If you fail to make the required quarterly estimated tax payments, pay late or underpay, interest

and penalty may be charged. The interest rate is 1 percent above the prime rate. The interest rate is

adjusted on January 1 and July 1 each year. The penalty rate is one percent per month.

INTEREST AND PENALTY

If the total amount of tax withheld, tax credits and estimated tax paid is less than seventy percent (70%)

of the tax due for the current or previous year, interest and penalty will be charged. The filing of a

declaration of estimated tax does not excuse the taxpayer from filing an annual income tax return even

though there is no change in the declared tax liability.

Declaration Of Estimated Income Tax/quarterly Statement - City Of Flint - 2011