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creston income tax instructions

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12/3/2011
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GENERAL INSTRUCTIONS



IF YOUR WORK SITUATION CHANGED DURING THE TAX YEAR, FILING DATES

SUCH AS: YOU RETIRED, BECAME UNEMPLOYED, DISABLED, On or before April 30th, following the close of the calendar year. If the

MOVED, MARRIED OR DIVORCED, YOU SHOULD STILL FILE return is made for a fiscal year or any period less than a year, file

THIS FORM TO ADVISE THIS OFFICE OF YOUR CURRENT within 105 days from the end of the fiscal year or other period.

STATUS.

EXTENSION TO FILE:

WHO MUST FILE An extension with the Village of Creston is conditionally approved by

the Administrator. Request an extension by submitting a copy of the

Every individual, 18 years or older, who is a resident (temporary or Federal Extension request on or before the original due date. The

permanent) of the Village of Creston MUST file a tax return whether extended due date is the last day of the month following the extension

he or she has taxable income or not and whether the tax is withheld or month approved by the IRS. AN EXTENSION TO FILE IS NOT AN

not. All earnings wherever earned, are considered taxable. The EXTENSION OF TIME FOR PAYMENT OF THE TOTAL TAX

location of the places from which payment is made or where payment LIABILITY. Extensions are not granted for filing the Declaration of

is received is immaterial. Full-time college students under age 24 must Estimated Tax even though extensions may be granted for filing of the

file but are exempt from paying the tax. Proof of full-time status must tax return.

be submitted at time of filing.

PENALTY AND INTEREST

All part-year residents who lived in the Village of Creston only a LATE FILING PENALTY is $25.00 for filing tax return after due date.

portion of the tax year must file a return. Income, deductions and INTEREST is charged at the rate of .5% per month on all past due tax.

credits can be allocated on a pro rata basis. PENALTY is charged at the rate of 1.50% per month on all past due

tax. Failure to remit taxes withheld from employees will be charge 5%

TAXABLE INCOME (includes but is not limited to: per month of fraction thereof.

 Gross Salaries and wages

 1099 Earnings EXEMPTIONS AND ITEMIZED DEDUCTIONS

 Tips Exemptions and itemized deductions as available on individual federal

 Commissions and fees

income tax returns are not allowed. The municipal income tax is based

 Bonuses

on gross earnings.

 Incentive Payments

 Director’s fees

 Property in lieu of cash tips FULL CREDIT FOR MUNICIPAL TAX

 Dismissal or Severance pay received or accrued When a resident of Creston is subject to a municipal income tax in

 Contest prizes and awards another municipality on the same income taxable to Creston, a credit

 Tax shelter plans shall be allowed equal to such tax against the Creston income tax.

 Vacation and sick pay Credit cannot exceed the current rate of the Village of Creston, which

 Wage continuation plans is 1%.

 Supplemental Unemployment benefits

 Depreciation recapture TAXPAYER ASSISTANCE

 Other compensation earned

You can call the tax office (330-435-5019) to make an appointment for

 Lease rent – Gas wells

help with your Village tax return. In addition, the tax assistant is

 Lottery winnings

available Fridays from 9:00am-3:00pm. to help you, and during tax

season, Saturday appointments can be scheduled.

NON-TAXABLE INCOME includes:

 Dividends

 Capital Gains SCHEDULE INSTRUCTIONS

 Interest Include all schedule copies along with a copy of the first page of your

 Military pay and allowances federal tax return when you file your Village tax return.

 Insurance proceeds

 Disability Benefits

 Pension (Payments received)

 Annuities

 Alimony

 Child Support

TAX RETURN CHECK LIST

1. Did you sign your tax return?

 Social Security

2. Did you use the highest amount of gross wages on W-2’s?

 Medicare

3. Did you enclose all supporting documents? (W-2’s, 1099’s)

 Welfare Payments/Poor Relief 4. If you moved during the year, did you indicate your new

 Unemployment Insurance Benefits address?

 Inheritances 5. Did you sign and enclose your check or money order if an

 Scholarships amount is due? DO NOT SEND CASH OR COINS!

 Involuntary conversions 6. MAIL RETURNS TO: TAX ADMINISTRATION OFFICE

 Royalties P.O. BOX 194

 Intangible income CRESTON, OH 44217

 The income of religious, fraternal, charitable or other non-

profit associations are exempt from real estate tax or exempt

by enumeration in section 718.01 of the Ohio Revised Code

or section 501(a) of the Internal Revenue Code.

 Wages earned under Age 18 & Full-time student under age

24, with proof of student status.



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