SCHEDULE C NET PROFIT OR LOSS
SCHEDULE E NET PROFIT OR LOSS ATTACH TENANT LIST WITH DATES
NET PROFIT OR LOSS (Add Lines 1 and 2)
ADD ITEMS NOT DEDUCTIBLE
DEDUCT ITEMS NOT TAXABLE
LESS ALLOCABLE NET LOSS CARRY FORWARD (Five year limit)
NET PROFIT OR LOSS TAXABLE BY THE CITY OF MASSILLON (Line 3 + Line 4 - Line 5 - Line 6)
REASON
Retired, Receiving only pension, Social Security, interest or dividends.
Under 18 years of age all of 2016. (Attach documentation of date of birth.)
Active Duty Military for all of 2016.
Taxpayer is deceased. Give date of death:
Moved from Massillon prior to January 1, 2016. Give date of move and new address (Attach required documentation.)
On Governmental assistance, received no other income.
Received only alimony and/or child support and no other income.
Unemployed during all of 2016, received only unemployment compensation and no other income.
Disabled during all of 2016, received only Worker’s Compensation.
CODE #
1.
2.
3.
4.
5.
6.
7.
001
002
003
004
005
006
007
008
009
PROFIT OR LOSS FROM SCHEDULE C & E OR K-1
(A COPY OF THE FEDERAL FORM 1040 AND APPLICABLE SCHEDULES MUST BE ATTACHED)
$
$
$
$
$
$
$
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CODES AND REASONS FOR EXEMPTION OF INCOME - SIGNATURE ON FRONT IS REQUIRED
IMPORTANT INFORMATION
YOU MUST FILE THE manditory declaration of estimated tax for 2021 (on the face of this form), together with the first quarter estimated
tax due (1/4 of the annual estimated tax), on or before APRIL 15, 2021. Additional payments of at least 1/4 of the annual estimated tax
must be paid on or before June 15, 2021, September 15, 2021, and January 15, 2022. Please send in the Supplied Quarterly Estimate
Payment forms to identify your payments. (No Quarterly payment notice will be sent to remind you to make your quarterly payments,
so please mark your calendars.)
If the amount payable as estimated taxes is at least two hundred ($200.00), quarterly estimated payments are required in accordance with
Massillon City Ordinance 181.07 and Ohio revised Code 718.08.
page 2
The total
of line 6(b) must be calculated individually per W-2 to determine the credit limit for taxes paid to another city: IF THE TAX RATE
OF THE CITY TAX WITHHELD IS LESS/EQUAL TO 2%, THEN ENTER 100% of LOCAL TAX WITHHELD AMOUNT IN SECTION 2 BELOW
IF TAX RATE IS HIGHER THAN 2% THEN COMPLETE SECTION 1.
SECTION 1 CITY_______________________Local Tax Amount Withheld_________________________
______________W-2 Box 5 x 2%____________x 100% = credit______
____
__
CITY_______________________Local Tax Amount Withheld______________
____________
______________ W-2 Box 5 x 2%_____________X 100% = credit_____________
City_______________________ Local Tax Amount Withheld_________________________
_____________ W-2 Box 5 x 2%_____________x 100% = credit_____________
SECTION 2 City_______________________
City______________________
__________________ Local
Tax
Amount Withheld x 100% = Credit____________
Aach worksheet, if addional lines are needed TOTAL CREDIT LINE 6(b): ____________
__________________ Local
Tax
Amount Withheld x 100% = Credit____________
2020.
2020. This does not include civilians employed by the military or the National Guard..
2020
2020
2020,
