Instructions For Filing City Of Madeira Tax Return - 2008-2010
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22008-2010 INSTRUCTIONS FOR FILING CITY OF MADEIRA TAX RETURN
ALL RESIDENTS 18 AND OVER, HAVING EARNED INCOME, ARE REQUIRED TO FILE, WHETHER OR NOT
TAX IS DUE. MADEIRA RESIDENTS WHOSE ENTIRE INCOME WAS FROM EMPLOYMENT SOURCES AND
HAD 1% WITHHELD FOR MADEIRA ARE PERMITTED TO ATTACH W-2 FORMS (OR OTHER PROOF OF TAXES
PAID), SIGN AND RETURN THIS FORM. THIS ALSO APPLIES IF .9% OR MORE WAS WITHHELD FOR CITY OF
EMPLOYMENT OUTSIDE MADEIRA PLUS .1% WITHHELD FOR MADEIRA. ALL OTHER INDIVIDUALS
HAVING TAXABLE INCOME MUST COMPLETE THE RETURN.
LINE 1 IS FOR EMPLOYEES. Attach all W-2 forms. Taxable income is “Qualifying Wages” as defined in Section
3121(a) of the Internal Revenue Code, usually appearing in box 5 of the W-2 form. If box 5 is blank “Qualifying Wages”
must be determined.
LINE 2 IS OTHER TAXABLE INCOME. Attach all federal schedules. Taxable income is net rental and farming
income, net profits of sole proprietorships, income from partnerships, estates, trusts & other earned income (e.g. 1099 MISC).
NOTE: Non-taxable income includes military pay, interest, dividends, proceeds of insurance or annuities, welfare and state
unemployment benefits, Social Security benefits, pensions, capital gains, alimony received, Workers’ Compensation, lottery
and gambling winnings.
NOTE: If a taxpayer is engaged in two or more taxable business activities to be included in the same return, the net loss of
one may be used to offset the profits of another for arriving at overall net profits. The net loss from a business activity may
not be used to offset salary or wage earnings but may be carried forward and offset against business profits the following
year.
NOTE: Employee business expenses may be used as a deduction. If any of your wages for which expenses are being
claimed were taxed to another city you must apply to that city for a refund. Federal Form 2106 must be attached.
LINE 3 IS TOTAL TAXABLE INCOME. Add lines 1and 2.
LINE 4 IS TAX DUE BEFORE CREDITS. Multiply line 3 by 1%.
LINE 5 IS ESTIMATED TAX YOU PAID TO MADEIRA.
LINE 6 IS TAX WITHHELD BY YOUR EMPLOYER FOR MADEIRA.
LINE 7 IS ANY OVERPAYMENT FROM PRIOR YEAR(S)
LINE 8 IS TAX WITHHELD AND PAID TO OTHER LOCALITIES. You are permitted a tax credit for the other city
tax withheld up to .9% of the portion of wages taxed by the other municipality. This credit is limited because those
withholdings are not received by Madeira but remain with the city to which they were paid. Credit for taxes paid to another
city must be calculated separately for each W-2. If your W-2 does not indicate the local taxing city(ies), you must request
this information from your employer. City credit will not be allowed if local taxing city is not identified.
LINE 9 IS TOTAL CREDITS. Add lines 5 through 8.
LINE 10 IS THE AMOUNT YOU OVERPAID. Subtract line 4 from line 9.
LINE 11 IS THE AMOUNT YOU WANT CREDITED TO NEXT YEARS ESTIMATE.
LINE 12 IS THE AMOUNT YOU WANT REFUNDED.
NOTE: An overpayment may be divided between line 11 and line 12. No taxes or refunds of less than $1.00 shall be
collected or refunded.
LINE 13 IS TAX DUE. Subtract line 9 from line 4.
LINE 14 IS PENALTIES AND INTEREST.
LINE 15 IS ESTIMATED INCOME FOR THE NEXT TAX YEAR.
LINE 16 IS ESTIMATED TAX DUE.
LINE 17 IS CREDIT FOR TAX TO BE WITHHELD. (1% if withheld for Madeira, .9% if withheld for other localities)
LINE 18 IS PRIOR CREDIT APPLIED. It is the amount on line 11.
LINE 19 IS NET ESTIMATED TAX DUE FOR THE YEAR. Subtract lines 17 and 18 from 16.
LINE 20 IS FIRST QUARTER TAX DUE. Subtract line 17 from line 16, multiply by a minimum of 22.5% and subtract
line 18.
LINE 21 IS THE TOTAL AMOUNT DUE. Add lines 13, 14 and 20.
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