casshore.blogg.se - 2019 form 1040 schedule c download

Rental real estate owned by a Corporation Form 8825Ģ.Rental real estate owned by an individual Form 1040 – Schedule E.Limited Partnership or Limited Liability Partnership Form 1065.with more than one member Form 1120 or Form 1065 – Schedule K-1

Subchapter S Corporation Form 1120S – Shareholders each get Schedule K-1.

Corporation, aka Regular Corporation or “C” Corp.

Partnership – Form 1065 – Schedule K-1 to each partner.

Individual, aka Sole-proprietorship – Form 1040 – Schedule C.

The South Whitehall Township Business Privilege Tax is calculated on the actual gross receipts for the period from January 1, of that year through December 31, of the same year. If your busi ness is located in South Whitehall Township, include a copy (first page only) of the appropriate Federal Income Tax Schedule for that year which indicates gross volume of business. You may file an estimated return by April 30th then file an amended return when actual gross receipts are determined. The extension does not provide for exoneration of penalty and interest until paid. Those persons who file an extension with the Internal Revenue Service must remit a copy of the appropriate form, #7004 for corporations, and #4868 for individuals by April 30th.

Rental Income within South Whitehall Township is subject to the Business Privilege Tax, at a rate of one and one-half mils (.00150) of Gross Receipts ($1.50 per $1,000 of Gross Receipts). Receipts from retail businesses and/or businesses providing services, anyone receiving commissions, self-employed, statuary employees should use the retail rate of one and one-half mils (.00150) of Gross Receipts ($1.50 per $1,000 of Gross Receipts).Ĭ. Receipts from selling goods, wares, and merchandise to dealers for resale should use the wholesale rate of one mil (.001) of Gross Receipts ($1.00 per $1,000 of Gross Receipts).ī. Receipts are taxed at two different rates based on the following:Ī. Failure to file a return and/or pay the required tax amount due and/or license fee of $35.00 could result in fines up to $600.00 per offense, recoverable with costs.Īll businesses are required to file and pay tax on their gross receipts annually on a calendar year basis by filing a Business Privilege Tax Return. IMPORTANT: Payment of the Business Privilege Tax and License Fee is due on April 30th of each year. Business Privilege Tax and Licensing Information