Instructions For Declatation Of Estimated Tax - Village Of Spencerville, Ohio

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GENERAL INSTRUCTIONS
3. PAYMENT OF ESTIMATED TAX – The estimated tax shall be paid
in equal quarterly payments. Quarterly payments are due and shall be
1.
WHO MUST MAKE A DECLARATION – A declaration of
paid on or before April 15, July 31, October 31 and January 31. The
estimated tax must be made by:
estimate may be amended at the time of making any quarterly payment.
(a) EVERY RESIDENT of the Village of Spencerville, Ohio, who
Checks or money orders should be made payable to the Village of
expects to receive any taxable income which will not be subject to
Spencerville Income Tax, P.O. Box 57, Spencerville, Ohio 45887.
withholding from wages, salaries, commissions and other personal
service compensation, whether such income results from labor
4.
WHAT IS TAXABLE INCOME – Income subject to taxation, as
performed, or services rendered within or without the Village of
herein used, shall be considered to mean:
Spencerville, Ohio;
(a) In the case of RESIDENT INDIVIDUALS the gross wages,
(b) EVERY NON-RESIDENT of the Village of Spencerville, Ohio,
salaries, commissions and other compensation, whether paid for in
whose entire income tax liability is not withheld from wages, salaries,
cash, property or other consideration, and whether earned in or
commissions and other compensation earned for work done, or
outside the Village of Spencerville, Ohio; the distributive share of net
services performed, or rendered within the Village of Spencerville,
income from partnerships or associations conducting activities in or
Ohio;
outside the Village of Spencerville, Ohio; net income from the rental of
(c) EVERY BUSINESS or PROFESSIONAL ENTITY, including
property wherever situated; and any other income not expressly
individual
proprietorships,
members
of
partnerships
and/or
excluded by the ordinance:
associations, fiduciaries, estates and trusts, and other business
(b) In the case of NON-RESIDENT INDIVIDUALS the gross wages,
income enterprises conducted by or for RESIDENTS of the Village of
salaries, commissions and other compensation as enumerated in (a)
Spencerville, Ohio, whether within or without the Village of
above, but only to the extent earned within or derived from sources
Spencerville, Ohio;
within the Village of Spencerville, Ohio;
(d) EVERY BUSINESS or PROFESSIONAL ENTITY, including
(c) In the case of RESIDENT BUSINESS or PROFESSIONAL
individual
proprietorships,
members
or
partnerships
and/or
ENTITIES, whether sole proprietorships, fiduciaries, estate or trusts,
associations, and other business and income producing enterprises,
the term income shall be deemed to mean the net profits arising from
conducted in the Village of Spencerville, Ohio, by NON-RESIDENTS;
the business activities wheresoever conducted;
(e) EVERY CORPORATION conducting activities in the Village of
(d) In the case of CORPORATIONS and NON-PROFIT BUSINESS
Spencerville, Ohio;
OR PROFESSIONAL ENTITIES whether sole proprietorships,
(f) FIDUCIARIES OF ACTIVE TRUSTS OR ESTATES the operation
fiduciaries, estates or trusts, the term income shall convey the same
of which produces income within the Village of Spencerville, Ohio.
meaning as interpreted in (c) above, but the tax shall apply only to that
portion of the net profit arising from business activities conducted in
2. WHEN AND WHERE TO FILE DECLARATION
–
The
the Village of Spencerville, Ohio.
declaration for calendar year must be filed on or before April 15, with
5.
INTEREST AND PENALTIES – Any installment remaining unpaid
the Income Tax Department, P.O. Box 57, Spencerville. All wage
after it becomes due shall be liable to a penalty, and shall bear interest
earners must file on a calendar year basis. Fiscal year taxpayers shall
at the rate of
1
/
of 1% per month, or fraction thereof.
file on or before the last day of the fourth month following the
2
beginning of their fiscal year.
6.
VIOLATIONS – Failure of a taxpayer to file an estimate may
cause the imposition of additional penalties.

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