Get Form Kbr-1040 - City Of Kettering

Filling out the Form KBR-1040 is an essential step for businesses operating in Kettering, Ohio, ensuring compliance with local tax requirements. This guide aims to provide clear and supportive instructions to help you complete the form accurately and efficiently, particularly when filling it out online.

Follow the steps to effectively complete the Form KBR-1040 online.

1. To begin, press the ‘Get Form’ button to access the Form KBR-1040 and open it in your preferred editor.
2. Enter the tax year for which you are filing in the designated field.
3. Provide the Federal Employer Identification Number (FEIN) in the space provided.
4. Indicate your phone number for contact purposes.
5. Select your filing status by checking all applicable boxes, which include LLC, Partnership/Association, C-Corporation, S-Corporation, Fiduciary (Trusts and Estates), and if this is an Amended Return.
6. Indicate your account number if you have one.
7. Answer whether you filed a City return last year by selecting 'Yes' or 'No'.
8. Indicate if this is a combined corporate return by selecting 'Yes' or 'No'.
9. If applicable, specify whether your account should be inactivated and provide an explanation if you answered 'Yes'.
10. Proceed to Part A Tax Calculation, entering your Federal Taxable Income before net operating losses and special deductions in line 1 (attach a copy of your Federal Return).
11. Complete line 2 with any adjustments from Line O, Schedule X.
12. Calculate your adjusted federal taxable income by adding or subtracting the value in line 2 from line 1 and enter it in line 3.
13. Enter your apportionment percentage from Step 5, Schedule Y, on line 4.
14. For line 5, compute your Kettering taxable income by multiplying line 3 by line 4.
15. If you have any loss carryforwards from prior years, enter that amount on line 6.
16. Calculate the amount subject to Kettering income tax by subtracting line 6 from line 5 and enter the result in line 7.
17. Calculate the Kettering income tax by multiplying the value in line 7 by 2.25% and enter it in line 8.
18. Complete lines 9a and 9b with your estimated tax/extension payments and prior year credit, respectively.
19. Total your payments and credits by adding lines 9a and 9b and enter the result on line 10.
20. To find your balance due, subtract line 10 from line 8 and enter it in line 11.
21. If applicable, complete line 12 with the $25.00 failure to file penalty.
22. Complete any penalties and interest due on lines 13a and 13b.
23. Sum lines 11, 12, and 13 to get your total due on line 14, noting that no payment is necessary if it's less than $5.00.
24. If you are eligible for a refund, complete lines 15 through 17 as needed.
25. If required, complete Part B Declaration of Estimated Tax for Next Year.
26. Finally, review all sections for accuracy, save your changes, download, or print the completed form to submit.

Ensure your tax compliance by completing the Form KBR-1040 online today!