71-10 Amend Chpt 128, Municipal Income Tax

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exemption. The taxpayer that is exempt shall inform the Administrator within thirty (30) days if at any point the taxpayer begins receiving income taxable to Lakewood. 128.1102 FORM AND CONTENT OF RETURN. The return shall be filed with the Administrator on a form or forms furnished by or obtainable upon request from such Administrator, or on an acceptable generic. form as defined in this chapter, setting forth: (a) The aggregate amounts of income, salaries, wages, commissions and other compensation earned or received and gross receipts from business, profession or other activity, less allowable expenses incurred in the acquisition of such gross income earned during the preceding year and subject to such tax; (b) The amount of the tax imposed by this chapter on such earnings and profits; and (c) Such other pertinent statements, information returns or other information as the Administrator may require, including but not limited to copies of all W-2 forms, 1099 Miscellaneous income forms, page one of Form 1040, page one and two of Form 1120, 1120s (including (K-1), 2106, 1065, Schedule C (including cost of goods manufactured or sold), schedule E, schedule F and any other federal schedules, if applicable. 128.1103 EXTENSION OF TIME FOR FILING RETURNS. For tax years prior to 2004, the Administrator may extend the time for filing of the annual return. upon the request of the taxpayer for a period of not to exceed six months, or orie month beyond any extension requested of or granted by the Internal Revenue Service for the filing of the federal income tax return. For taxable years 2004 and later, the extended due date for individuals shall be the last day of the month following the month to which the federal income tax due date has been extended. For businesses, if the extension is filed through the Ohio Business Gateway the extended due date shall be the last day of the month to which the due date of the federal income tax return has been extended. If not filed through the Ohio Business Gateway the extended due date shall be the last day of the month following the month fo which the due date of the federal income. tax return has been extended. The tax commissioner may deny the extension if the taxpayer fails to file the request timely or fails to file a copy of the federal extension request, or if the taxpayer's income tax account with the City is delinquent in any way. The Administrator may require a tentative return, accompanied by a payment of the amount of tax shown to be due thereon by the date the return is normally due. No penalty or interest shall be assessed in those cases in which the return is filed and the final tax paid within the period as extended. 128.1104. CONSOLIDATED RETURNS. (a) Any affiliated group which files a consolidated return for federal income tax purposes pursuant to Section 1501 of the Internal Revenue Code may file a consolidated return with the municipality.