This is a historic document from the Village of Woodlawn 2003
The Village derives its revenue from several sources:
Real Estate Tax: $46.19 per $1000 valuation. Taxable value is 25% of true value.
Tangible Property Tax: $67.35 per $1000 valuation. Taxable value is 25% of true value.
Earnings Tax: 1.4% on gross personal income and net corporate profits.
Woodlawn boasts approximately 330 businesses; the revenue from their employee’s earnings tax generates about 77 percent of the Village’s income.
INSTRUCTIONS FOR VILLAGE OF WOODLAWN INCOME TAX RETURN
WHO MUST FILE THIS RETURN:
1. ALL WOODLAWN RESIDENTS 18 YEARS OF AGE AND OLDER MUST FILE A RETURN REGARDLESS OF INCOME, IF YOU HAVE RECEIVED THIS FORM AND HAVE NO TAXABLE INCOME, PLEASE FILE IT STATING WHY YOU ARE NOT SUBJECT TO VILLAGE TAX.
2. ALL INDIVIDUALS, PARTNERSHIPS, CORPORATIONS AND ANY OTHER ENTITY HAVING INCOME TAXABLE BY THE VILLAGE OF WOODLAWN.WHEN TO FILE: APRIL 30TH – OR FOUR MONTHS AFTER FISCAL YEAR ENDING DATE.
IF FEDERAL EXTENSION IS REQUESTED, YOU MUST ALSO REQUEST EXTENSION FROM THE VILLAGE OF WOODLAWN.
WHERE TO FILE: INCOME TAX DEPARTMENT, VILLAGE OF WOODLAWN, 10141 WOODLAWN BLVD., WOODLAWN, OHIO 45215
REQUIREMENTS: TOTAL TAX DUE ON LINE 13 MUST BE PAID IN FULL OR THE FORM WILL BE CONSIDERED INCOMPLETE AND WILL BE RETURNED. THIS WILL SUBJECT YOU TO INTEREST AND PENALTY CHARGES IF FORM IS NOT FILED BEFORE THE DEADLINE.
FOR COMPLETION OF LINES 1 THROUGH 18.
1. ENTER THE TOTAL OF GROSS WAGES, SALARIES, ETC., RECEIVED. ALL W-2's MUST BE ATTACHED. NOTE: CONTRIBUTIONS TO IRA, SECTION 125 PLANS, KEOGH ACCOUNTS. 401(K) AND/OR PRE-TAXED AND DEFERRED INCOME ARE TAXABLE.
2. TO BE COMPLETED ONLY IF YOU HAVE INCOME OTHER THAN WAGES, SALARIES, ETC. PLEASE ATTACH SCHEDULES. NOTE: BUSINESS LOSSES MAY NOT BE USED TO OFFSET WAGES, INTEREST AND DIVIDENDS NOT TAXABLE.
3. TOTAL OF LINES 1 & 2.
4. MULTIPLY LINE 3 BY 1.4% TO OBTAIN TAX DUE BEFORE CREDITS. DO NOT ROUND TAX AMOUNT.
5. CREDITS:
A. THE AMOUNT OF THE W-2 WITHHELD BY EMPLOYER FOR WOODLAWN.
B. PAYMENTS PAID DURING THE YEAR ON ESTIMATED TAX.
C. THIS CREDIT MUST NOT EXCEED 1.4% ON THAT PORTION OF INCOME TAXABLE TO ANOTHER COMMUNITY PER W-2.
D. ANY CREDIT CARRY-OVER BALANCE FROM PREVIOUS YEAR.
X. TOTAL OF LINES 5(a), (b), (c) and (d).
6. DIFFERENCE OF LINE 4 AND LINE 5X.
IF LINE 4 IS GREATER THAN LINE 5X, THEN YOU WILL ENTER PAYMENT DUE ON LINE 6.
IF LINE 4 IS LESS THAN LINE 5X, THEN YOU WILL ENTER OVERPAYMENT ON LINE 7.
IF PAYMENT IS DUE PLEASE REMIT WITH RETURN OR THE FORM WILL BE CONSIDERED INCOMPLETE AND WILL BE RETURNED.
7. IF OVERPAYMENT APPLIES, PLEASE INDICATE THE PORTION THAT YOU REQUEST TO BE APPLIED TO NEXT YEAR'S ESTIMATE TAX AND THE PORTION THAT YOU REQUEST TO BE REFUNDED. IF THIS IS NOT COMPLETED, THEN ALL THE CREDIT WILL BE APPLIED TO YOUR ESTIMATED TAX FOR NEXT YEAR.
8. THE DECLARATION OF ESTIMATED TAX FOR THE CURRENT YEAR IS A FILING REQUIREMENT. IF $50.00 OR MORE WILL BE OWED, YOU ARE REQUIRED TO MAKE QUARTERLY PAYMENTS. TO AVOID PENALTY AND INTEREST CHARGES, AT LEAST SEVENTY PERCENT OF CURRENT YEAR LIABILITY MUST BE PAID IN QUARTERLY INSTALLMENTS.
9. CREDITS APPLY FOR TAX WITHHELD, OVERPAYMENTS, AND CREDIT TO OTHER COMMUNITIES.
10. TAX ON LINE 8 MINUS CREDITS ON LINE 9X IS YOUR ESTIMATED TAX FOR THIS YEAR.
11. ONE-FOURTH OF LINE 10 IS REQUIRED TO BE PAID WHEN YOUR RETURN IS FILED.
12. LINE 10 MINUS PAYMENT ON LINE 11, IS BALANCE OF YOUR ESTIMATED TAX FOR THIS YEAR.
13. LINE 6 PLUS LINE 11, IS THE TOTAL PAYMENT DUE.NOTE: UNLESS ACCOMPANIED BY PAYMENT OF THE BALANCE OF TAX DECLARED DUE (LINE 6) AND AT LEAST 1/4 OF THE ESTIMATED TAX DUE (LINE 11), THIS FORM IS NOT A LEGAL FINAL RETURN OR DECLARATION.
APRIL 30, File Return. Pay 1st quarterly payment.
JULY 31, Make 2nd quarterly payment.
OCT. 31, Make 3rd quarterly payment.
JAN. 31, Make 4th quarterly payment.
APRIL 30, File return. Pay 1st quarterly payment.