What is the filing due date in 2012?
April 17, 2012 is the deadline to file:
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2011 tax return and pay the balance due;
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2011 Federal Extension Form, if applicable, and payment if tax is due;
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2012 first quarter estimated tax payment.
Who is required to file?
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All residents are required to file a city return, whether or not tax is due. There is no income limit. College students are generally considered to be permanent residents in the municipality where their parents reside and are required to file in that municipality. Residents who receive a notice with pre-printed label, but have no taxable income, should inform the tax office by filing a zero return along with a written explanation.
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Non-residents earning taxable income in Perrysburg, if Perrysburg city income tax was not withheld or not fully withheld, or employees, independent contractors or subcontractors with 1099-Misc, Schedule C business income, or other earned income allocable to the City of Perrysburg.
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Owners of rental property located in the city, even if no tax is due.
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Any enterprise, person or entity, doing business in Perrysburg, even if no tax is due.
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Non-residents who receive lottery winnings as a result of transactions conducted in Perrysburg.
Should married couples file jointly or separately?
- A married couple should generally file a joint Perrysburg income tax return even if they file separately on their Federal and State income tax returns. There is no tax incentive for filing separate Perrysburg income tax returns. Ordinance requires that initial filing status be continued from year-to-year unless marital status changes.
What are examples of taxable Income in Perrysburg?
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Wages, salaries, bonuses, incentives, tips, commissions, or other compensation, before any payroll deductions
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S corporation, LLC, LLP, Partnership distributive shares of net profits from entities located within or outside of the City, guaranteed payments to partners. For resident individuals, net losses reported on a K-1 earned outside of the city may not offset net profit reported on a K-1 earned in the city.
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Earnings of a sole proprietor, income from self-employment, including babysitting, house cleaning, and lawn mowing
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Some 1099-Misc income such as directors fees, sales awards and incentives
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Rental income
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Severance pay
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Automobile allowances, and non-pastoral housing allowances
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Excess group term life insurance
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Deferred compensation
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Stock options, royalties from tangible sources
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Lottery and gambling proceeds
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Ordinary income reported on form 4797
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Trusts with taxable income (i.e. Rental income)
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Employer-reimbursed moving expenses when moving into Perrysburg
What are some examples of non-taxable income?
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Disability income and Welfare benefits
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Election poll worker pay
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Interest and dividends
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Long-term capital gains (Capital losses are not deductible.)
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Parsonage allowance
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Reserve and active military pay
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Retirement income reported on 1099-R
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Scholarship income
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Social security benefits
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Spousal support
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Third party sick pay not reported in the W-2 Box 5 Medicare Wages
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Unemployment benefits except SUB pay
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Workers compensation
What are some deductible expenses?
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Form 2106 employee business expenses may be claimed as a deduction on your Perrysburg return. The deduction is assumed to come from the work city, so the work city tax credit is correspondingly reduced. To deduct 2106 expenses they must be deducted on your federal return (must be 2% of AGI, and other than line 4 expenses). The City of Perrysburg tax deductible amount is 100% of expenses reported on Federal Form 2106.
- Note: if deducting 2106 or moving expenses, attach the Form 2106 or 3903, Federal Schedule A and Page one of your IRS Form 1040.
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Reimbursed Moving expenses reported on 3903 when moving out of Perrysburg.
Where are we located?
What are Tax Division office hours?
How can we contact the Tax office ?