31-15 Municipal Income Tax - Laserfiche WebLink

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must file a return an exemption certificate each year and declare to the Adminis- trator the nature of his exemption. The taxpayer that is exempt shall inform the administrator within thirty (30) days if at any point the taxpayer again receives begins receiving income taxable to Lakewood. (Ord. 71 -10. Passed 11- 1 -10.) 128.1102 FORM AND CONTENT OF RETURN. The return shall be filed with the Administrator on a form or forms fiunished 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 income receipts from business, pro- fession or other activity, less allowable expenses hicurred in the acquisition of such gross income earned during the preceding year and subject to such tax; (b) The amount of the tax unposed 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 and/or sold), Schedule E, Schedule F and any other federal schedules, if applicable. (Ord. 71 -10. Passed 11- 1 -10.) 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 one month beyond any extension requested of or granted by the internal Revenue Service for the filing of the federal income tax return. For tax- able 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 to which the due date of the federal in- come tax return has been extended. The Tax Commissioner may deny the ex- tension if the taxpayer fails to file the request timely, 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, ac- companied 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 ex- tended. (Ord. 71 -10. Passed 11- 1 -10.) 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 con- solidated return with the Municipality. (b) In the case of a corporation that carried on transactions with its stockholders or with other corporations related by stock ownership, interlocking directorates or some other method, or in case any person operates a division, branch, factory, office, laboratory or activity within the City constituting a portion only of its to- tal business, the Administrator shall require such additional information as he may deem necessary to ascertain whether net profits are properly allocated to the City. If the Administrator finds that net profits are not properly allocated to the City by reason of transactions with stockholders or with other corporations re- lated by stock ownership, interlocking directorates or transactions with such di- vision, branch, factory, office, laboratory or activity or by some other method, [to]