Tax Estimate Instructions printable pdf download

Tax Estimate Instructions

TAX ESTIMATE INSTRUCTIONS

Required for individuals or business entities with net tax liability greater than $200, usually the

following:

-Residents who work outside of the City of Perrysburg and do not have courtesy withholding,

-Residents who have income other than salaries and wages,

- Landlords, S Corp shareholders, owners/partners in LLCs, LLPs, sole proprietors,

-Resident and non-resident entities doing business in the city,

Income tax is due as you earn the income throughout the year. To avoid penalty and interest for tax year

2007, the city's ordinance requires that you pay 100% of your 2006 tax due after withholding, or at least

90% of your 2007 tax liability, in four equal installments on or before April 16, July 31, October 31,

2007, and January 31, 2008. Fiscal year filers should adjust these dates to correspond to their fiscal year

end. The penalty for not paying timely or sufficient estimates is 1% per month, a minimum of 10% per

quarter, on the unpaid balance of the estimate due. Interest is 1% per month of the same. If your income

is notably uneven throughout the year, estimates can be adjusted quarterly, but you must file a schedule

of income and tax due per quarter with your return.

Tax Estimate Instructions