1967 1021 Ordinance - Laserfiche WebLink

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thereafter. When the return is made for a fiscal year or other period different from the calendar year, the return shall be filed within four (4) months from the end of such fiscal year or period. The Administrator is hereby authorized to provide by regulation that the return of an employer or employers, showing the amount of tax deducted by said employ,er or employers from the salaries, wages, commissions or other compensation of an employeet and paid by him or them to the Administrator shall be accepted as the return required of any employee whose sole income, subject to tax under this ordinance is such salary, wages, commissions, or other compensation. Sec. 111.1102 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, setting forth: (1) The aggregate amounts of salaries, wages, commissions and other compensation earned and gross income from business, professiott or other activity, less allowable expenses incurred in the acquisition of such gross income earned during the preceding year and subject to said tax. (2) The amount of the tax imposed by this ordinance on such earnings and profits, and . (3) Such other pertinettt statements, information returns or other information as,the Administrator may require. gec. 111.1103 Extension of Time for Filing Returns. The Administrator may extend the Yime for filing of the annual return upon the request of the taxpayer for a period of not to exceed six (6) months, or one (1) month beyond any extensioa requested of or granted by the Internal Revenue Service for the filing of the Federal Income Tax Return. The Administrator may require a tentative return, accompanied by 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 ahd the fittal,tax paid within the period as extended. Sec. 111.1104 Consolidated Returns (1) Filing of consolidated returns may be permitted or required in accordance with Rules and Regulations prescribed by the Administrator. (2) In the case of a corporatiort 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 Village of Mayfield, Ohio, constituting a portion only of its total business, the Administrator shall require such additional information as he may deem necessary to ascertain whether net profits are properly allocated to the Village of Mayfield. If the Administrator finds that net profits are not properly allocated to the Village of Mayfield by reason o£ trattsactions with stockholders or with other corporations related by stock ownership, interlocking directorates, or tran- 9.