Rev. 9/22/16 Scan Specifi cations for the 2016 Ohio IT 4708 Important Note The following document (2016 Ohio IT 4708) contains grids for place- ment of information on this specifi c tax form. To accurately print, do not reduce the size, rotate or center this document. Doing so will jeopar- dize the integrity of the grid. When printing from Adobe Reader, please select “None” for “Page Scaling,” which is under “Page Handling.” Ohio Department of Taxation 4485 Northland Ridge Blvd. Columbus, OH 43229 tax.ohio.gov |
Grid layout with notations |
123456789 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 2 3 4 Do not use staples. Use only black ink and UPPERCASE letters. New! The date the return was gener- 5 ated by the taxpayer (MM DD YY). 6 2016 Ohio IT 4708 7 Rev. 9/16 Pass-Through Entity 8 16160110 88 88 88 9 Composite Income Tax Return Placement of the 1D bar code and tax year is critical. 10 Check here if amended returnMake sure to followXCheckthe gridherepositionsif fi nal returnfor layout. Do For taxable year ending in X not forget to get your bar code(s) assignments for 11 every form, version and page. 88/ 2016 12 FEIN Entity Type: X S corporation X Partnership (check only one) 13 88 8888888 X Limited liability company X Other 14 15 Name of pass-through entity 16 JOHNXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 17 Address (if address change, check box) 18 X 19 8888 CHERRY LANEXXXXXXXXXXXXXXXXXXX 20 City State ZIP code 21 CITYXXXXXXXXXXXXXXXX OH 88888 22 23 Number of investors included in return Apportionment ratio, line 6 Ohio charter or license no. (if S corp) 24 888888 8.888888 88888888 25 26 Questionnaire Yes No N/A 27 28 A. If the pass-through entity is an S corporation, did the pass-through entity pay any compensation or remuneration to any nonresident investors or nonresident members of the investor’s family? If yes, include a list of thoseNew!Doindividualsnot place(includespaces between 29 SSNs) who received such compensation or remuneration and the amount(s) .....................................................................whole dollar numbers. There is only XXX 30 B. If the pass-through entity is, or is treated as, a partnership for federal income tax purposes, did the pass-through entity a space between dollar amounts 31 make any guaranteed payments to any of its partners or equity investors? If yes, include a list ofandthosecentspartnersfi elds. or equity investors (include SSNs and FEINs) who received such guaranteed payments and the amount(s) .................................... 32 XXX 33 34 Schedule I – Taxable Income, Tax, Payments and Net Amount Due Calculations 35 1. Total income (from Schedule II, line 40).............................................................................................For static text use Arial font (black ink) and try to 1. 8888888888 00 36 2. Total deductions (from Schedule III, line 49).......................................................................................match size. For data entry fi elds (shown in red 2. 8888888888 00 37 for identifi cation purposes only), also use Arial font (black ink). All the data entry fi elds must fol- 38 3. Income (loss) to be allocated and apportioned (line 1 minus line 2)low grid layout. When a fi eld refl ects a negative .................................................. 3. 8888888888 00 39 amount, make sure there is one space between 40 4. Net allocable nonbusiness income (loss) everywhere, if any, and gain (loss) described in R.C. the amount and the negative sign. Never hard 5747.212. (Include explanation and supporting schedules.)code a negative sign........................................................................... 4. 888888888 00 41 5. Apportionable income (loss) (line 3 minus line 4)....................................................................................... 5. 888888888 00 42 43 6. Ohio apportionment ratio (from Schedule IV, line 53)................................................................................. 6. 8.888888 44 45 888888888 00 7. Income (loss) apportioned to Ohio (line 5 times line 6).............................................................................. 7. 46 47 8. Net nonbusiness income (loss) allocated to Ohio and gain (loss) apportioned to Ohio per R.C. 5747.212. (Include explanation and supporting schedules.) ...................................................................... 8. 888888888 00 48 49 9. Ohio taxable income (sum of lines 7 and 8, but not less than -0-) 888888888 00 ............................................................. 9. 50 51 10. Tax before credits (multiply the amount on line 9 by .04997) 888888888 00 ................................................................... 10. 52 53 11. Nonrefundable business credits (include Schedule E) 888888888 00 ...............................................................................11. 54 55 12. Tax due after nonrefundable business credits. Line 10 minus line 11. If less than -0-, enter -0- ............... 12. 888888888 00 56 Target marks or registration marks 57 must measure 6 mm X 6 mm. The 58 three target marks or registration marks on every page must follow 59 grid layout. New! 2D barcode required. Delete this box and replace it with the 2D 60 barcode. 61 Do not write in this area; for department use only. 62 63 2016 IT 4708 – pg. 1 of 6 64 65 66 |
123456789 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 2 3 4 5 2016 Ohio IT 4708 6 7 Rev. 9/16 Pass-Through Entity 16160210 8 9 Composite Income Tax Return 10 FEIN 11 88 8888888 12 13 Schedule I – Taxable Income, Tax, Payments and Net Amount Due Calculations...cont. 14 13. Interest penalty on underpayment of estimated tax (include Ohio IT/SD 2210) ....................................... 13. 888888888 00 15 16 14. Ohio IT 4708ES and IT 4708P payments for the taxable year ................................................................. 14. 888888888 00 17 18 15. Ohio IT 1140ES and IT 1140P payments transferred to this form and any payments made with ...........................................................................................previously fi led return(s) for this taxable year 15. 888888888 00 19 16. Ohio IT 4708ES and IT 4708P payments transferred to Ohio IT 1140 and overpayments, if any, 20 ....................................................................................................previously claimed for this taxable year 16. 888888888 00 21 22 17. Total net Ohio estimated tax payments for 2016 (sum of lines 14 and 15 minus line 16) ........................ 17. 888888888 00 23 24 18. Amount of 2015 overpayment credited to 2016 (see 2015 Ohio IT 4708, line 22) ................................... 18. 888888888 00 25 26 19. Total refundable business credits (from Schedule V, line 60).................................................................... 19. 888888888 00 27 28 20. Total of lines 17, 18 and 19....................................................................................................................... 20. 888888888 00 29 30 888888888 00 21. Overpayment, if any (line 20 minus the sum of lines 12 and 13, but not less than -0-) ............................ 21. 31 32 22. Amount of line 21 to be credited to year 2017 tax liability (if this is an amended return, enter -0-) ................................................................................................................................ CREDIT TO 2017 22. 888888888 00 33 34 23. Amount of line 21 to be refunded (line 21 minus line 22) .......................................... YOUR REFUND 23. 888888888 00 35 36 24. Net amount due, if any (sum of lines 12 and 13 minus line 20, but not less than -0-) ............................. 24. 888888888 00 37 38 888888888 00 25. Interest and penalty due on late-paid tax and/or late-fi led return, if any ................................................... 25. 39 40 26. Total amount due, if any (sum of lines 24 and 25). Make check payable to Ohio Treasurer of State, include Ohio IT 4708P and place FEIN on check ..........................................TOTAL AMOUNT DUE26. 888888888 00 41 If your refund is $1.00 or less, no refund will be issued. If you owe $1.00 or less, no payment is necessary. 42 43 Sign Here (required):I declare under penalties of perjury that this report, including any ac- 44 companying schedules and statements, has been examined by me and to the best of my knowledge Do not staple or otherwise attach. 45 and belief is a true, correct and complete return and report. Place any supporting documents, including 46 K-1’s, after the last page of this return. 47 Pass-through entity offi cer or agent (print name) 48 Title of offi cer or agent (print name) Phone number Mail to: 49 Ohio Dept. of Taxation 50 Signature of pass-through entity offi cer or agent Date P.O. Box 181140 51 Columbus, OH 43218-1140 52 Preparer’s name (print name) Phone number 53 Instructions for this form are on 54 Preparer’s e-mail address PTIN our Web site at tax.ohio.gov. 55 Do you authorize your preparer to contact us regarding this return? Yes X No X 56 57 58 59 New! 2D barcode required. Delete For Department Use Only 60 this box and replace it with the 2D 61 Do not write in this area; for department use only. barcode. / / Postmark date Code 62 63 2016 IT 4708 – pg. 2 of 6 64 65 66 |
123456789 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 2 3 4 5 2016 Ohio IT 4708 6 7 Rev. 9/16 Pass-Through Entity 16160310 8 9 FEIN Composite Income Tax Return 10 88 8888888 11 12 Schedule II – Income and Adjustments 13 Items refl ected on lines 27-49 are the combined amounts from the federal Schedule K-1(s) for the taxable year for only those investors who are participating 14 in the fi ling of this return. Include with this return a copy of the applicable federal 1120S or 1065 and K-1(s) of participating investors. 15 16 27. Ordinary business income (loss) ...................................................................................................... 27. 8888888888 00 17 18 28. The investors’ shares of expenses and losses incurred in connection with all direct and indi- rect transactions between the pass-through entity and its related members, including certain 19 investors’ family members 888888888 00 .................................................................................................................. 28. 20 21 29. Guaranteed payments that the pass-through entity made to each investor participating in the fi ling of this return if such investor directly or indirectly owns at least 20% of the pass- 22 through entity.................................................................................................................................... 29. 888888888 00 23 24 30. Compensation that the pass-through entity paid to each investor participating in the fi ling 25 of this return if such investor directly or indirectly owns at least 20% of the pass-through entity. Reciprocity agreements do not apply........................................................................................ 30. 888888888 00 26 27 31. Net income or (loss) from rental activities other than amount shown on line 27 .............................. 31. 8888888888 00 28 32. Portfolio income (loss). See note below. 29 a. Interest income............................................................................................................................... 32a. 8888888888 00 30 8888888888 00 b. Dividends............................................................................................................................................ b. 31 c. Royalties ............................................................................................................................................ c. 8888888888 00 32 d. Net short-term capital gain (loss) ........................................................................................................ d. 8888888888 00 33 e. Net long-term capital gain (loss). Exclude from this line any capital loss carryforward 34 amount. Note: If the sum of lines 32d and 32e results in a net loss, the net allowable loss for the sum of these two lines cannot exceed the product of $3,000 and the number 35 .................................................................................of participating investors included in this return e. 8888888888 00 36 37 f. Other portfolio income (loss) ............................................................................................................... f. 8888888888 00 38 39 33. Net gain (loss) under I.R.C. 1231..................................................................................................... 33. 8888888888 00 40 41 34. Adjustment for I.R.C. sections 168(k) and 179 depreciation expense X 2/3,X 5/6 42 or X 6/6 (check applicable box) and miscellaneous federal income tax adjustments. Include a separate schedule showing calculations .......................................................................... 34. 8888888888 00 43 44 8888888888 00 35. Other income (loss). Include schedule ............................................................................................. 35. 45 46 36. Pass-through entity and fi nancial institutions taxes paid.................................................................. 36. 8888888888 00 47 37. Non-Ohio state or local government interest and dividends earned by the pass-through 48 entity but not included above............................................................................................................ 37. 8888888888 00 49 50 38. State and local income taxes deducted in arriving at income .......................................................... 38. 8888888888 00 51 39. Losses from the sale or other disposition of Ohio public obligations if such losses have 52 been deducted in determining federal taxable income..................................................................... 39. 8888888888 00 53 54 8888888888 00 40. Total income (loss) (add lines 27 through 39; enter here and on Schedule I, line 1) ........................ 40. 55 56 57 58 59 New! 2D barcode required. Delete 60 this box and replace it with the 2D 61 Do not write in this area; for department use only.barcode. 62 63 2016 IT 4708 – pg. 3 of 6 64 65 66 |
123456789 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 2 3 4 5 2016 Ohio IT 4708 6 7 Rev. 9/16 Pass-Through Entity 16160410 8 9 Composite Income Tax Return FEIN 10 88 8888888 11 12 Schedule III – Deductions 13 List only those deductions that have not already been used to reduce any income items set forth in Schedule II. 14 15 41. I.R.C. 179 expense not deducted in calculating line 27 ............................................................................ 41. 888888888 00 16 42. Adjustment for I.R.C. sections 168(k) and 179 depreciation expense added back in applicable previous 17 years and miscellaneous federal income tax adjustments. Include a separate schedule showing calculations designating 1/2, 1/5 or 1/6 ................................................................................................ 42. 888888888 00 18 888888888 00 43. Net federal interest and dividends exempt from state taxation ................................................................. 43. 19 20 44. Other separately stated K-1 amounts that are allowable as deductions in arriving at federal adjusted gross income and amounts contributed to individual development accounts. (Include a detailed schedule of items.) .. 44. 888888888 00 21 888888888 00 45. Exempt gains from the sale of Ohio state or local government bonds..................................................... 45. 22 46. Wage and salary expense not otherwise deducted because of a federal work opportunity tax credit ..... 46. 888888888 00 23 24 47. Interest or income earned on Ohio public obligations and Ohio purchase obligations if such interest or income is included on any of lines 27-35 ............................................................................................. 47. 888888888 00 25 48. Net gain included in line 40 resulting from the sale, exchange or other disposition of Ohio public obliga- 26 tions (do not enter amounts shown on line 45) ........................................................................................ 48. 888888888 00 27 49. Total deductions (add lines 41-48; enter here and on Schedule I, line 2) ................................................. 49. 888888888 00 28 29 Schedule IV – Apportionment Worksheet 30 Use this schedule to calculate the apportionment ratio for a pass-through entity that is not a fi nancial institution as defi ned in Ohio Revised Code section (R.C.) 5725.01. If the pass-through entity is a fi nancial institution, refer to the instructions. Note: All ratios are to be carried to six decimal places. 31 50. Property 32 Within Ohio Total Everywhere 33 a) Owned (average cost) 88888888888 00 88888888888 00 34 35 Within Ohio New!Total Everywhere Weight is now a variable data This fi eld requires a leading zero, fi eld and must include a leading 36 b) Rented (annual rental X 8) 88888888888e.g. .000026 should be00displayed zero.88888888888See schema for accepted00 37 as 0.000026. characters. 38 Within Ohio Total Everywhere 39 c) Total (lines 50a and 50b) 88888888888 00 ÷ 88888888888 00 40 Ratio Weight Weighted Ratio = x = 41 8. 888888 8.88 8. 888888 42 43 Within Ohio Total Everywhere 44 51. Payroll 88888888888 00 88888888888 00 ÷ 45 Ratio Weight Weighted Ratio This fi eld requires a leading zero, = x 8.88 = 46 8. 888888 e.g. .000026 should be displayed 8. 888888 47 as 0.000026. 48 Within Ohio Total Everywhere 49 52. Sales 88888888888 00 ÷ 88888888888 00 50 Ratio Weight Weighted Ratio 51 = 8. 888888 x 8.88 = 8. 888888 52 53 Weighted Ratio 54 53. Total weighted apportionment ratio (add lines 50c, 51 and 52). Enter ratio here and on Schedule I,.line 6. 8. 888888 55 Note: If the denominator of any factor is zero, the weight given to the other factors must be proportionately increased so that the total weight given to the 56 combined number of factors used is 100%, i.e., if no property/payroll, use 25% and 75%; if no sales, use 50% property/payroll; if only one factor, use 100%. 57 58 59 New! 2D barcode required. Delete 60 this box and replace it with the 2D 61 Do not write in this area; for department use only. barcode. 62 63 2016 IT 4708 – pg. 4 of 6 64 65 66 |
123456789 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 2 3 4 5 2016 Ohio IT 4708 6 7 Rev. 9/16 Pass-Through Entity 16160510 8 9 Composite Income Tax Return FEIN 10 88 8888888 11 12 Schedule V – Refundable Business Credits 13 Note: Certifi cates from the Ohio Development Services Agency and/or Schedule K-1(s) must be included to verify each refundable credit claimed. 14 15 54. Ohio historic preservation credit .............................................................................................................. 54. 888888888 00 16 17 55. Business jobs credit ................................................................................................................................. 55. 888888888 00 18 19 56. Pass-through entity credit ........................................................................................................................ 56. 888888888 00 20 21 57. Losses on loans made to Ohio venture capital program .......................................................................... 57. 888888888 00 22 23 58. Motion picture production credit .............................................................................................................. 58. 888888888 00 24 25 59. Financial Institutions Tax (FIT) credit....................................................................................................... 59. 888888888 00 26 27 60. Total refundable business credits (enter here and on Schedule I, line 19)..... ......................................... 60. 888888888 00 28 29 30 Schedule VI – Investor Information 31 Provide investor information for all (resident and nonresident) investors in the pass-through entity. List investors by highest to lowest ownership percentage. 32 Use an additional sheet, if necessary. 33 34 SSN FEIN Percent of ownership Amount of PTE tax credit 35 888 88 8888 88 8888888 8.8888 888888888 00 36 First name/entity M.I. Last name 37 JOHNXXXXXXXXXXX Q PUBL I CXXXXXXXXXXXXXX 38 Address 39 8888 CHERRY LANEXXXXXXXXXXXXXXXXXXX 40 City State ZIP code 41 CITYXXXXXXXXXXXXXXXX OH 88888 42 43 SSN FEIN Percent of ownership Amount of PTE tax credit 44 888 88 8888 88 8888888 8.8888 888888888 00 45 First name/entity M.I. Last name 46 JOHNXXXXXXXXXXX Q PUBL I CXXXXXXXXXXXXXX 47 Address 48 8888 CHERRY LANEXXXXXXXXXXXXXXXXXXX 49 City State ZIP code 50 CITYXXXXXXXXXXXXXXXX OH 88888 51 52 53 54 55 56 57 58 59 New! 2D barcode required. Delete 60 this box and replace it with the 2D 61 Do not write in this area; for department use only. barcode. 62 63 2016 IT 4708 – pg. 5 of 6 64 65 66 |
123456789 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 2 3 4 5 2016 Ohio IT 4708 6 7 Rev. 9/16 Pass-Through Entity 16160610 8 9 FEIN Composite Income Tax Return 10 88 8888888 11 12 Schedule VI – Investor Information...cont. 13 Provide investor information for all (resident and nonresident) investors in the pass-through entity. List investors by highest to lowest ownership percentage. 14 Use an additional sheet, if necessary. 15 16 SSN FEIN Percent of ownership Amount of PTE tax credit 17 888 88 8888 88 8888888 8.8888 888888888 00 18 First name/entity M.I. Last name 19 JOHNXXXXXXXXXXX Q PUBL I CXXXXXXXXXXXXXX 20 Address 21 8888 CHERRY LANEXXXXXXXXXXXXXXXXXXX 22 City State ZIP code 23 CITYXXXXXXXXXXXXXXXX OH 88888 24 25 SSN FEIN Percent of ownership Amount of PTE tax credit 26 888 88 8888 88 8888888 8.8888 888888888 00 27 First name/entity M.I. Last name 28 JOHNXXXXXXXXXXX Q PUBL I CXXXXXXXXXXXXXX 29 Address 30 8888 CHERRY LANEXXXXXXXXXXXXXXXXXXX 31 City State ZIP code 32 CITYXXXXXXXXXXXXXXXX OH 88888 33 34 SSN FEIN Percent of ownership Amount of PTE tax credit 35 888 88 8888 88 8888888 8.8888 888888888 00 36 First name/entity M.I. Last name 37 JOHNXXXXXXXXXXX Q PUBL I CXXXXXXXXXXXXXX 38 Address 39 8888 CHERRY LANEXXXXXXXXXXXXXXXXXXX 40 City State ZIP code 41 CITYXXXXXXXXXXXXXXXX OH 88888 42 43 SSN FEIN Percent of ownership Amount of PTE tax credit 44 888 88 8888 88 8888888 8.8888 888888888 00 45 First name/entity M.I. Last name 46 JOHNXXXXXXXXXXX Q PUBL I CXXXXXXXXXXXXXX 47 Address 48 8888 CHERRY LANEXXXXXXXXXXXXXXXXXXX 49 City State ZIP code 50 CITYXXXXXXXXXXXXXXXX OH 88888 51 52 53 54 55 56 57 58 59 New! 2D barcode required. Delete 60 this box and replace it with the 2D 61 Do not write in this area; for department use only. barcode. 62 63 2016 IT 4708 – pg. 6 of 6 64 65 66 |
Grid layout |
123456789 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 2 3 4 Do not use staples. Use only black ink and UPPERCASE letters. 5 6 2016 Ohio IT 4708 7 Rev. 9/16 Pass-Through Entity 8 16160110 88 88 88 9 Composite Income Tax Return 10 Check here if amended return XCheck here if fi nal return For taxable year ending in X 11 88/ 2016 12 FEIN Entity Type: X S corporation X Partnership (check only one) 13 88 8888888 X Limited liability company X Other 14 15 Name of pass-through entity 16 JOHNXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 17 Address (if address change, check box) 18 X 19 8888 CHERRY LANEXXXXXXXXXXXXXXXXXXX 20 City State ZIP code 21 CITYXXXXXXXXXXXXXXXX OH 88888 22 23 Number of investors included in return Apportionment ratio, line 6 Ohio charter or license no. (if S corp) 24 888888 8.888888 88888888 25 26 Questionnaire Yes No N/A 27 28 A. If the pass-through entity is an S corporation, did the pass-through entity pay any compensation or remuneration to any nonresident investors or nonresident members of the investor’s family? If yes, include a list of those individuals (include 29 SSNs) who received such compensation or remuneration and the amount(s) ..................................................................... XXX 30 B. If the pass-through entity is, or is treated as, a partnership for federal income tax purposes, did the pass-through entity 31 make any guaranteed payments to any of its partners or equity investors? If yes, include a list of those partners or equity investors (include SSNs and FEINs) who received such guaranteed payments and the amount(s) .................................... 32 XXX 33 34 Schedule I – Taxable Income, Tax, Payments and Net Amount Due Calculations 35 1. Total income (from Schedule II, line 40)............................................................................................. 1. 8888888888 00 36 2. Total deductions (from Schedule III, line 49)....................................................................................... 2. 8888888888 00 37 38 3. Income (loss) to be allocated and apportioned (line 1 minus line 2).................................................. 3. 8888888888 00 39 40 4. Net allocable nonbusiness income (loss) everywhere, if any, and gain (loss) described in R.C. 5747.212. (Include explanation and supporting schedules.).......................................................................... 4. 888888888 00 41 5. Apportionable income (loss) (line 3 minus line 4)....................................................................................... 5. 888888888 00 42 43 6. Ohio apportionment ratio (from Schedule IV, line 53)................................................................................. 6. 8.888888 44 45 888888888 00 7. Income (loss) apportioned to Ohio (line 5 times line 6).............................................................................. 7. 46 47 8. Net nonbusiness income (loss) allocated to Ohio and gain (loss) apportioned to Ohio per R.C. 5747.212. (Include explanation and supporting schedules.) ...................................................................... 8. 888888888 00 48 49 9. Ohio taxable income (sum of lines 7 and 8, but not less than -0-) 888888888 00 ............................................................. 9. 50 51 10. Tax before credits (multiply the amount on line 9 by .04997) 888888888 00 ................................................................... 10. 52 53 11. Nonrefundable business credits (include Schedule E) 888888888 00 ...............................................................................11. 54 55 12. Tax due after nonrefundable business credits. Line 10 minus line 11. If less than -0-, enter -0- ............... 12. 888888888 00 56 57 58 59 60 61 Do not write in this area; for department use only. 62 63 2016 IT 4708 – pg. 1 of 6 64 65 66 |
123456789 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 2 3 4 5 2016 Ohio IT 4708 6 7 Rev. 9/16 Pass-Through Entity 16160210 8 9 Composite Income Tax Return 10 FEIN 11 88 8888888 12 13 Schedule I – Taxable Income, Tax, Payments and Net Amount Due Calculations...cont. 14 13. Interest penalty on underpayment of estimated tax (include Ohio IT/SD 2210) ....................................... 13. 888888888 00 15 16 14. Ohio IT 4708ES and IT 4708P payments for the taxable year ................................................................. 14. 888888888 00 17 18 15. Ohio IT 1140ES and IT 1140P payments transferred to this form and any payments made with ...........................................................................................previously fi led return(s) for this taxable year 15. 888888888 00 19 16. Ohio IT 4708ES and IT 4708P payments transferred to Ohio IT 1140 and overpayments, if any, 20 ....................................................................................................previously claimed for this taxable year 16. 888888888 00 21 22 17. Total net Ohio estimated tax payments for 2016 (sum of lines 14 and 15 minus line 16) ........................ 17. 888888888 00 23 24 18. Amount of 2015 overpayment credited to 2016 (see 2015 Ohio IT 4708, line 22) ................................... 18. 888888888 00 25 26 19. Total refundable business credits (from Schedule V, line 60).................................................................... 19. 888888888 00 27 28 20. Total of lines 17, 18 and 19....................................................................................................................... 20. 888888888 00 29 30 888888888 00 21. Overpayment, if any (line 20 minus the sum of lines 12 and 13, but not less than -0-) ............................ 21. 31 32 22. Amount of line 21 to be credited to year 2017 tax liability (if this is an amended return, enter -0-) ................................................................................................................................ CREDIT TO 2017 22. 888888888 00 33 34 23. Amount of line 21 to be refunded (line 21 minus line 22) .......................................... YOUR REFUND 23. 888888888 00 35 36 24. Net amount due, if any (sum of lines 12 and 13 minus line 20, but not less than -0-) ............................. 24. 888888888 00 37 38 888888888 00 25. Interest and penalty due on late-paid tax and/or late-fi led return, if any ................................................... 25. 39 40 26. Total amount due, if any (sum of lines 24 and 25). Make check payable to Ohio Treasurer of State, include Ohio IT 4708P and place FEIN on check ..........................................TOTAL AMOUNT DUE26. 888888888 00 41 If your refund is $1.00 or less, no refund will be issued. If you owe $1.00 or less, no payment is necessary. 42 43 Sign Here (required):I declare under penalties of perjury that this report, including any ac- 44 companying schedules and statements, has been examined by me and to the best of my knowledge Do not staple or otherwise attach. 45 and belief is a true, correct and complete return and report. Place any supporting documents, including 46 K-1’s, after the last page of this return. 47 Pass-through entity offi cer or agent (print name) 48 Title of offi cer or agent (print name) Phone number Mail to: 49 Ohio Dept. of Taxation 50 Signature of pass-through entity offi cer or agent Date P.O. Box 181140 51 Columbus, OH 43218-1140 52 Preparer’s name (print name) Phone number 53 Instructions for this form are on 54 Preparer’s e-mail address PTIN our Web site at tax.ohio.gov. 55 Do you authorize your preparer to contact us regarding this return? Yes X No X 56 57 58 59 For Department Use Only 60 / / 61 Do not write in this area; for department use only. Postmark date Code 62 63 2016 IT 4708 – pg. 2 of 6 64 65 66 |
123456789 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 2 3 4 5 2016 Ohio IT 4708 6 7 Rev. 9/16 Pass-Through Entity 16160310 8 9 FEIN Composite Income Tax Return 10 88 8888888 11 12 Schedule II – Income and Adjustments 13 Items refl ected on lines 27-49 are the combined amounts from the federal Schedule K-1(s) for the taxable year for only those investors who are participating 14 in the fi ling of this return. Include with this return a copy of the applicable federal 1120S or 1065 and K-1(s) of participating investors. 15 16 27. Ordinary business income (loss) ...................................................................................................... 27. 8888888888 00 17 18 28. The investors’ shares of expenses and losses incurred in connection with all direct and indi- rect transactions between the pass-through entity and its related members, including certain 19 investors’ family members 888888888 00 .................................................................................................................. 28. 20 21 29. Guaranteed payments that the pass-through entity made to each investor participating in the fi ling of this return if such investor directly or indirectly owns at least 20% of the pass- 22 through entity.................................................................................................................................... 29. 888888888 00 23 24 30. Compensation that the pass-through entity paid to each investor participating in the fi ling 25 of this return if such investor directly or indirectly owns at least 20% of the pass-through entity. Reciprocity agreements do not apply........................................................................................ 30. 888888888 00 26 27 31. Net income or (loss) from rental activities other than amount shown on line 27 .............................. 31. 8888888888 00 28 32. Portfolio income (loss). See note below. 29 a. Interest income............................................................................................................................... 32a. 8888888888 00 30 8888888888 00 b. Dividends............................................................................................................................................ b. 31 c. Royalties ............................................................................................................................................ c. 8888888888 00 32 d. Net short-term capital gain (loss) ........................................................................................................ d. 8888888888 00 33 e. Net long-term capital gain (loss). Exclude from this line any capital loss carryforward 34 amount. Note: If the sum of lines 32d and 32e results in a net loss, the net allowable loss for the sum of these two lines cannot exceed the product of $3,000 and the number 35 .................................................................................of participating investors included in this return e. 8888888888 00 36 37 f. Other portfolio income (loss) ............................................................................................................... f. 8888888888 00 38 39 33. Net gain (loss) under I.R.C. 1231..................................................................................................... 33. 8888888888 00 40 41 34. Adjustment for I.R.C. sections 168(k) and 179 depreciation expense X 2/3,X 5/6 42 or X 6/6 (check applicable box) and miscellaneous federal income tax adjustments. Include a separate schedule showing calculations .......................................................................... 34. 8888888888 00 43 44 8888888888 00 35. Other income (loss). Include schedule ............................................................................................. 35. 45 46 36. Pass-through entity and fi nancial institutions taxes paid.................................................................. 36. 8888888888 00 47 37. Non-Ohio state or local government interest and dividends earned by the pass-through 48 entity but not included above............................................................................................................ 37. 8888888888 00 49 50 38. State and local income taxes deducted in arriving at income .......................................................... 38. 8888888888 00 51 39. Losses from the sale or other disposition of Ohio public obligations if such losses have 52 been deducted in determining federal taxable income..................................................................... 39. 8888888888 00 53 54 8888888888 00 40. Total income (loss) (add lines 27 through 39; enter here and on Schedule I, line 1) ........................ 40. 55 56 57 58 59 60 61 Do not write in this area; for department use only. 62 63 2016 IT 4708 – pg. 3 of 6 64 65 66 |
123456789 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 2 3 4 5 2016 Ohio IT 4708 6 7 Rev. 9/16 Pass-Through Entity 16160410 8 9 Composite Income Tax Return FEIN 10 88 8888888 11 12 Schedule III – Deductions 13 List only those deductions that have not already been used to reduce any income items set forth in Schedule II. 14 15 41. I.R.C. 179 expense not deducted in calculating line 27 ............................................................................ 41. 888888888 00 16 42. Adjustment for I.R.C. sections 168(k) and 179 depreciation expense added back in applicable previous 17 years and miscellaneous federal income tax adjustments. Include a separate schedule showing calculations designating 1/2, 1/5 or 1/6................................................................................................ 42. 888888888 00 18 888888888 00 43. Net federal interest and dividends exempt from state taxation ................................................................. 43. 19 20 44. Other separately stated K-1 amounts that are allowable as deductions in arriving at federal adjusted gross income and amounts contributed to individual development accounts. (Include a detailed schedule of items.) .. 44. 888888888 00 21 888888888 00 45. Exempt gains from the sale of Ohio state or local government bonds..................................................... 45. 22 46. Wage and salary expense not otherwise deducted because of a federal work opportunity tax credit ..... 46. 888888888 00 23 24 47. Interest or income earned on Ohio public obligations and Ohio purchase obligations if such interest or income is included on any of lines 27-35 ............................................................................................. 47. 888888888 00 25 48. Net gain included in line 40 resulting from the sale, exchange or other disposition of Ohio public obliga- 26 tions (do not enter amounts shown on line 45) ........................................................................................ 48. 888888888 00 27 49. Total deductions (add lines 41-48; enter here and on Schedule I, line 2) ................................................. 49. 888888888 00 28 29 Schedule IV – Apportionment Worksheet 30 Use this schedule to calculate the apportionment ratio for a pass-through entity that is not a fi nancial institution as defi ned in Ohio Revised Code section (R.C.) 5725.01. If the pass-through entity is a fi nancial institution, refer to the instructions. Note: All ratios are to be carried to six decimal places. 31 50. Property 32 Within Ohio Total Everywhere 33 a) Owned (average cost) 88888888888 00 88888888888 00 34 35 Within Ohio Total Everywhere 36 b) Rented (annual rental X 8) 88888888888 00 88888888888 00 37 38 Within Ohio Total Everywhere 39 c) Total (lines 50a and 50b) 88888888888 00 ÷ 88888888888 00 40 Ratio Weight Weighted Ratio = x = 41 8. 888888 8.88 8. 888888 42 43 Within Ohio Total Everywhere 44 51. Payroll 88888888888 00 88888888888 00 ÷ 45 Ratio Weight Weighted Ratio 46 8. 888888 8. 888888 = x 8.88 = 47 48 Within Ohio Total Everywhere 49 52. Sales 88888888888 00 ÷ 88888888888 00 50 Ratio Weight Weighted Ratio 51 = 8. 888888 x 8.88 = 8. 888888 52 53 Weighted Ratio 54 53. Total weighted apportionment ratio (add lines 50c, 51 and 52). Enter ratio here and on Schedule I,.line 6. 8. 888888 55 Note: If the denominator of any factor is zero, the weight given to the other factors must be proportionately increased so that the total weight given to the 56 combined number of factors used is 100%, i.e., if no property/payroll, use 25% and 75%; if no sales, use 50% property/payroll; if only one factor, use 100%. 57 58 59 60 61 Do not write in this area; for department use only. 62 63 2016 IT 4708 – pg. 4 of 6 64 65 66 |
123456789 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 2 3 4 5 2016 Ohio IT 4708 6 7 Rev. 9/16 Pass-Through Entity 16160510 8 9 Composite Income Tax Return FEIN 10 88 8888888 11 12 Schedule V – Refundable Business Credits 13 Note: Certifi cates from the Ohio Development Services Agency and/or Schedule K-1(s) must be included to verify each refundable credit claimed. 14 15 54. Ohio historic preservation credit .............................................................................................................. 54. 888888888 00 16 17 55. Business jobs credit ................................................................................................................................. 55. 888888888 00 18 19 56. Pass-through entity credit ........................................................................................................................ 56. 888888888 00 20 21 57. Losses on loans made to Ohio venture capital program .......................................................................... 57. 888888888 00 22 23 58. Motion picture production credit .............................................................................................................. 58. 888888888 00 24 25 59. Financial Institutions Tax (FIT) credit....................................................................................................... 59. 888888888 00 26 27 60. Total refundable business credits (enter here and on Schedule I, line 19)..... ......................................... 60. 888888888 00 28 29 30 Schedule VI – Investor Information 31 Provide investor information for all (resident and nonresident) investors in the pass-through entity. List investors by highest to lowest ownership percentage. 32 Use an additional sheet, if necessary. 33 34 SSN FEIN Percent of ownership Amount of PTE tax credit 35 888 88 8888 88 8888888 8.8888 888888888 00 36 First name/entity M.I. Last name 37 JOHNXXXXXXXXXXX Q PUBL I CXXXXXXXXXXXXXX 38 Address 39 8888 CHERRY LANEXXXXXXXXXXXXXXXXXXX 40 City State ZIP code 41 CITYXXXXXXXXXXXXXXXX OH 88888 42 43 SSN FEIN Percent of ownership Amount of PTE tax credit 44 888 88 8888 88 8888888 8.8888 888888888 00 45 First name/entity M.I. Last name 46 JOHNXXXXXXXXXXX Q PUBL I CXXXXXXXXXXXXXX 47 Address 48 8888 CHERRY LANEXXXXXXXXXXXXXXXXXXX 49 City State ZIP code 50 CITYXXXXXXXXXXXXXXXX OH 88888 51 52 53 54 55 56 57 58 59 60 61 Do not write in this area; for department use only. 62 63 2016 IT 4708 – pg. 5 of 6 64 65 66 |
123456789 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 2 3 4 5 2016 Ohio IT 4708 6 7 Rev. 9/16 Pass-Through Entity 16160610 8 9 FEIN Composite Income Tax Return 10 88 8888888 11 12 Schedule VI – Investor Information...cont. 13 Provide investor information for all (resident and nonresident) investors in the pass-through entity. List investors by highest to lowest ownership percentage. 14 Use an additional sheet, if necessary. 15 16 SSN FEIN Percent of ownership Amount of PTE tax credit 17 888 88 8888 88 8888888 8.8888 888888888 00 18 First name/entity M.I. Last name 19 JOHNXXXXXXXXXXX Q PUBL I CXXXXXXXXXXXXXX 20 Address 21 8888 CHERRY LANEXXXXXXXXXXXXXXXXXXX 22 City State ZIP code 23 CITYXXXXXXXXXXXXXXXX OH 88888 24 25 SSN FEIN Percent of ownership Amount of PTE tax credit 26 888 88 8888 88 8888888 8.8888 888888888 00 27 First name/entity M.I. Last name 28 JOHNXXXXXXXXXXX Q PUBL I CXXXXXXXXXXXXXX 29 Address 30 8888 CHERRY LANEXXXXXXXXXXXXXXXXXXX 31 City State ZIP code 32 CITYXXXXXXXXXXXXXXXX OH 88888 33 34 SSN FEIN Percent of ownership Amount of PTE tax credit 35 888 88 8888 88 8888888 8.8888 888888888 00 36 First name/entity M.I. Last name 37 JOHNXXXXXXXXXXX Q PUBL I CXXXXXXXXXXXXXX 38 Address 39 8888 CHERRY LANEXXXXXXXXXXXXXXXXXXX 40 City State ZIP code 41 CITYXXXXXXXXXXXXXXXX OH 88888 42 43 SSN FEIN Percent of ownership Amount of PTE tax credit 44 888 88 8888 88 8888888 8.8888 888888888 00 45 First name/entity M.I. Last name 46 JOHNXXXXXXXXXXX Q PUBL I CXXXXXXXXXXXXXX 47 Address 48 8888 CHERRY LANEXXXXXXXXXXXXXXXXXXX 49 City State ZIP code 50 CITYXXXXXXXXXXXXXXXX OH 88888 51 52 53 54 55 56 57 58 59 60 61 Do not write in this area; for department use only. 62 63 2016 IT 4708 – pg. 6 of 6 64 65 66 |
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Do not use staples. Use only black ink and UPPERCASE letters. 2016 Ohio IT 4708 Rev. 9/16 Pass-Through Entity 16160110 88 88 88 Composite Income Tax Return X Check here if amended return XCheck here if fi nal return For taxable year ending in 88/ 2016 FEIN Entity Type: X S corporation X Partnership (check only one) 88 8888888 X Limited liability company X Other Name of pass-through entity JOHNXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX Address (if address change, check box) X 8888 CHERRY LANEXXXXXXXXXXXXXXXXXXX City State ZIP code CITYXXXXXXXXXXXXXXXX OH 88888 Number of investors included in return Apportionment ratio, line 6 Ohio charter or license no. (if S corp) 888888 8.888888 88888888 Questionnaire Yes No N/A A. If the pass-through entity is an S corporation, did the pass-through entity pay any compensation or remuneration to any nonresident investors or nonresident members of the investor’s family? If yes, include a list of those individuals (include SSNs) who received such compensation or remuneration and the amount(s) ..................................................................... XXX B. If the pass-through entity is, or is treated as, a partnership for federal income tax purposes, did the pass-through entity make any guaranteed payments to any of its partners or equity investors? If yes, include a list of those partners or equity investors (include SSNs and FEINs) who received such guaranteed payments and the amount(s) .................................... XXX Schedule I – Taxable Income, Tax, Payments and Net Amount Due Calculations 1. Total income (from Schedule II, line 40)............................................................................................. 1. 8888888888 00 2. Total deductions (from Schedule III, line 49)....................................................................................... 2. 8888888888 00 3. Income (loss) to be allocated and apportioned (line 1 minus line 2).................................................. 3. 8888888888 00 4. Net allocable nonbusiness income (loss) everywhere, if any, and gain (loss) described in R.C. 5747.212. (Include explanation and supporting schedules.).......................................................................... 4. 888888888 00 5. Apportionable income (loss) (line 3 minus line 4)....................................................................................... 5. 888888888 00 6. Ohio apportionment ratio (from Schedule IV, line 53)................................................................................. 6. 8.888888 7. Income (loss) apportioned to Ohio (line 5 times line 6).............................................................................. 7. 888888888 00 8. Net nonbusiness income (loss) allocated to Ohio and gain (loss) apportioned to Ohio per R.C. 5747.212. (Include explanation and supporting schedules.) ...................................................................... 8. 888888888 00 9. Ohio taxable income (sum of lines 7 and 8, but not less than -0-)............................................................. 9. 888888888 00 10. Tax before credits (multiply the amount on line 9 by .04997)................................................................... 10. 888888888 00 11. Nonrefundable business credits (include Schedule E) ...............................................................................11. 888888888 00 12. Tax due after nonrefundable business credits. Line 10 minus line 11. If less than -0-, enter -0- ............... 12. 888888888 00 2016 IT 4708 – pg. 1 of 6 |
2016 Ohio IT 4708 Rev. 9/16 Pass-Through Entity 16160210 Composite Income Tax Return FEIN 88 8888888 Schedule I – Taxable Income, Tax, Payments and Net Amount Due Calculations...cont. 13. Interest penalty on underpayment of estimated tax (include Ohio IT/SD 2210) ....................................... 13. 888888888 00 888888888 00 14. Ohio IT 4708ES and IT 4708P payments for the taxable year ................................................................. 14. 15. Ohio IT 1140ES and IT 1140P payments transferred to this form and any payments made with ...........................................................................................previously fi led return(s) for this taxable year 15. 888888888 00 16. Ohio IT 4708ES and IT 4708P payments transferred to Ohio IT 1140 and overpayments, if any, ....................................................................................................previously claimed for this taxable year 16. 888888888 00 17. Total net Ohio estimated tax payments for 2016 (sum of lines 14 and 15 minus line 16) ........................ 17. 888888888 00 18. Amount of 2015 overpayment credited to 2016 (see 2015 Ohio IT 4708, line 22) ................................... 18. 888888888 00 19. Total refundable business credits (from Schedule V, line 60).................................................................... 19. 888888888 00 20. Total of lines 17, 18 and 19....................................................................................................................... 20. 888888888 00 21. Overpayment, if any (line 20 minus the sum of lines 12 and 13, but not less than -0-) ............................ 21. 888888888 00 22. Amount of line 21 to be credited to year 2017 tax liability (if this is an amended return, enter -0-) ................................................................................................................................ CREDIT TO 2017 22. 888888888 00 23. Amount of line 21 to be refunded (line 21 minus line 22) .......................................... YOUR REFUND 23. 888888888 00 24. Net amount due, if any (sum of lines 12 and 13 minus line 20, but not less than -0-) ............................. 24. 888888888 00 888888888 00 25. Interest and penalty due on late-paid tax and/or late-fi led return, if any ................................................... 25. 26. Total amount due, if any (sum of lines 24 and 25). Make check payable to Ohio Treasurer of State, include Ohio IT 4708P and place FEIN on check ..........................................TOTAL AMOUNT DUE26. 888888888 00 If your refund is $1.00 or less, no refund will be issued. If you owe $1.00 or less, no payment is necessary. Sign Here (required):I declare under penalties of perjury that this report, including any ac- companying schedules and statements, has been examined by me and to the best of my knowledge Do not staple or otherwise attach. and belief is a true, correct and complete return and report. Place any supporting documents, including K-1’s, after the last page of this return. Pass-through entity offi cer or agent (print name) Title of offi cer or agent (print name) Phone number Mail to: Ohio Dept. of Taxation Signature of pass-through entity offi cer or agent Date P.O. Box 181140 Columbus, OH 43218-1140 Preparer’s name (print name) Phone number Instructions for this form are on Preparer’s e-mail address PTIN our Web site at tax.ohio.gov. Do you authorize your preparer to contact us regarding this return? Yes X No X For Department Use Only / / Postmark date Code 2016 IT 4708 – pg. 2 of 6 |
2016 Ohio IT 4708 Rev. 9/16 Pass-Through Entity 16160310 FEIN Composite Income Tax Return 88 8888888 Schedule II – Income and Adjustments Items refl ected on lines 27-49 are the combined amounts from the federal Schedule K-1(s) for the taxable year for only those investors who are participating in the fi ling of this return. Include with this return a copy of the applicable federal 1120S or 1065 and K-1(s) of participating investors. 27. Ordinary business income (loss) ...................................................................................................... 27. 8888888888 00 28. The investors’ shares of expenses and losses incurred in connection with all direct and indi- rect transactions between the pass-through entity and its related members, including certain investors’ family members.................................................................................................................. 28. 888888888 00 29. Guaranteed payments that the pass-through entity made to each investor participating in the fi ling of this return if such investor directly or indirectly owns at least 20% of the pass- through entity.................................................................................................................................... 29. 888888888 00 30. Compensation that the pass-through entity paid to each investor participating in the fi ling of this return if such investor directly or indirectly owns at least 20% of the pass-through entity. Reciprocity agreements do not apply........................................................................................ 30. 888888888 00 31. Net income or (loss) from rental activities other than amount shown on line 27 .............................. 31. 8888888888 00 32. Portfolio income (loss). See note below. a. Interest income............................................................................................................................... 32a. 8888888888 00 b. Dividends............................................................................................................................................ b. 8888888888 00 c. Royalties ............................................................................................................................................ c. 8888888888 00 d. Net short-term capital gain (loss) ........................................................................................................ d. 8888888888 00 e. Net long-term capital gain (loss). Exclude from this line any capital loss carryforward amount. Note: If the sum of lines 32d and 32e results in a net loss, the net allowable loss for the sum of these two lines cannot exceed the product of $3,000 and the number .................................................................................of participating investors included in this return e. 8888888888 00 f. Other portfolio income (loss) ............................................................................................................... f. 8888888888 00 33. Net gain (loss) under I.R.C. 1231..................................................................................................... 33. 8888888888 00 34. Adjustment for I.R.C. sections 168(k) and 179 depreciation expense X 2/3,X 5/6 or X6/6 (check applicable box) and miscellaneous federal income tax adjustments. Include a separate schedule showing calculations .......................................................................... 34. 8888888888 00 35. Other income (loss). Include schedule ............................................................................................. 35. 8888888888 00 36. Pass-through entity and fi nancial institutions taxes paid.................................................................. 36. 8888888888 00 37. Non-Ohio state or local government interest and dividends earned by the pass-through entity but not included above............................................................................................................ 37. 8888888888 00 38. State and local income taxes deducted in arriving at income .......................................................... 38. 8888888888 00 39. Losses from the sale or other disposition of Ohio public obligations if such losses have been deducted in determining federal taxable income..................................................................... 39. 8888888888 00 40. Total income (loss) (add lines 27 through 39; enter here and on Schedule I, line 1) ........................ 40. 8888888888 00 2016 IT 4708 – pg. 3 of 6 |
2016 Ohio IT 4708 Rev. 9/16 Pass-Through Entity 16160410 Composite Income Tax Return FEIN 88 8888888 Schedule III – Deductions List only those deductions that have not already been used to reduce any income items set forth in Schedule II. 41. I.R.C. 179 expense not deducted in calculating line 27 ............................................................................ 41. 888888888 00 42. Adjustment for I.R.C. sections 168(k) and 179 depreciation expense added back in applicable previous years and miscellaneous federal income tax adjustments. Include a separate schedule showing calculations designating 1/2, 1/5 or 1/6................................................................................................ 42. 888888888 00 888888888 00 43. Net federal interest and dividends exempt from state taxation................................................................. 43. 44. Other separately stated K-1 amounts that are allowable as deductions in arriving at federal adjusted gross income and amounts contributed to individual development accounts. (Include a detailed schedule of items.) .. 44. 888888888 00 45. Exempt gains from the sale of Ohio state or local government bonds..................................................... 45. 888888888 00 46. Wage and salary expense not otherwise deducted because of a federal work opportunity tax credit ..... 46. 888888888 00 47. Interest or income earned on Ohio public obligations and Ohio purchase obligations if such interest or income is included on any of lines 27-35 ............................................................................................. 47. 888888888 00 48. Net gain included in line 40 resulting from the sale, exchange or other disposition of Ohio public obliga- tions (do not enter amounts shown on line 45) ........................................................................................ 48. 888888888 00 49. Total deductions (add lines 41-48; enter here and on Schedule I, line 2) ................................................. 49. 888888888 00 Schedule IV – Apportionment Worksheet Use this schedule to calculate the apportionment ratio for a pass-through entity that is not a fi nancial institution as defi ned in Ohio Revised Code section (R.C.) 5725.01. If the pass-through entity is a fi nancial institution, refer to the instructions. Note: All ratios are to be carried to six decimal places. 50. Property Within Ohio Total Everywhere a) Owned (average cost) 88888888888 00 88888888888 00 Within Ohio Total Everywhere b) Rented (annual rental X 8) 88888888888 00 88888888888 00 Within Ohio Total Everywhere c) Total (lines 50a and 50b) 88888888888 00 ÷ 88888888888 00 Ratio Weight Weighted Ratio = 8. 888888 x 8.88 = 8. 888888 Within Ohio Total Everywhere 51. Payroll 88888888888 00 88888888888 00 ÷ Ratio Weight Weighted Ratio = 8. 888888 x 8.88 = 8. 888888 Within Ohio Total Everywhere 52. Sales 88888888888 00 ÷ 88888888888 00 Ratio Weight Weighted Ratio = 8. 888888 x 8.88 = 8. 888888 Weighted Ratio 53. Total weighted apportionment ratio (add lines 50c, 51 and 52). Enter ratio here and on Schedule I,.line 6. 8. 888888 Note: If the denominator of any factor is zero, the weight given to the other factors must be proportionately increased so that the total weight given to the combined number of factors used is 100%, i.e., if no property/payroll, use 25% and 75%; if no sales, use 50% property/payroll; if only one factor, use 100%. 2016 IT 4708 – pg. 4 of 6 |
2016 Ohio IT 4708 Rev. 9/16 Pass-Through Entity 16160510 Composite Income Tax Return FEIN 88 8888888 Schedule V – Refundable Business Credits Note: Certifi cates from the Ohio Development Services Agency and/or Schedule K-1(s) must be included to verify each refundable credit claimed. 54. Ohio historic preservation credit .............................................................................................................. 54. 888888888 00 55. Business jobs credit ................................................................................................................................. 55. 888888888 00 56. Pass-through entity credit ........................................................................................................................ 56. 888888888 00 57. Losses on loans made to Ohio venture capital program .......................................................................... 57. 888888888 00 58. Motion picture production credit .............................................................................................................. 58. 888888888 00 59. Financial Institutions Tax (FIT) credit....................................................................................................... 59. 888888888 00 60. Total refundable business credits (enter here and on Schedule I, line 19)..... ......................................... 60. 888888888 00 Schedule VI – Investor Information Provide investor information for all (resident and nonresident) investors in the pass-through entity. List investors by highest to lowest ownership percentage. Use an additional sheet, if necessary. SSN FEIN Percent of ownership Amount of PTE tax credit 888 88 8888 88 8888888 8.8888 888888888 00 First name/entity M.I. Last name JOHNXXXXXXXXXXX Q PUBL I CXXXXXXXXXXXXXX Address 8888 CHERRY LANEXXXXXXXXXXXXXXXXXXX City State ZIP code CITYXXXXXXXXXXXXXXXX OH 88888 SSN FEIN Percent of ownership Amount of PTE tax credit 888 88 8888 88 8888888 8.8888 888888888 00 First name/entity M.I. Last name JOHNXXXXXXXXXXX Q PUBL I CXXXXXXXXXXXXXX Address 8888 CHERRY LANEXXXXXXXXXXXXXXXXXXX City State ZIP code CITYXXXXXXXXXXXXXXXX OH 88888 2016 IT 4708 – pg. 5 of 6 |
2016 Ohio IT 4708 Rev. 9/16 Pass-Through Entity 16160610 FEIN Composite Income Tax Return 88 8888888 Schedule VI – Investor Information...cont. Provide investor information for all (resident and nonresident) investors in the pass-through entity. List investors by highest to lowest ownership percentage. Use an additional sheet, if necessary. SSN FEIN Percent of ownership Amount of PTE tax credit 888 88 8888 88 8888888 8.8888 888888888 00 First name/entity M.I. Last name JOHNXXXXXXXXXXX Q PUBL I CXXXXXXXXXXXXXX Address 8888 CHERRY LANEXXXXXXXXXXXXXXXXXXX City State ZIP code CITYXXXXXXXXXXXXXXXX OH 88888 SSN FEIN Percent of ownership Amount of PTE tax credit 888 88 8888 88 8888888 8.8888 888888888 00 First name/entity M.I. Last name JOHNXXXXXXXXXXX Q PUBL I CXXXXXXXXXXXXXX Address 8888 CHERRY LANEXXXXXXXXXXXXXXXXXXX City State ZIP code CITYXXXXXXXXXXXXXXXX OH 88888 SSN FEIN Percent of ownership Amount of PTE tax credit 888 88 8888 88 8888888 8.8888 888888888 00 First name/entity M.I. Last name JOHNXXXXXXXXXXX Q PUBL I CXXXXXXXXXXXXXX Address 8888 CHERRY LANEXXXXXXXXXXXXXXXXXXX City State ZIP code CITYXXXXXXXXXXXXXXXX OH 88888 SSN FEIN Percent of ownership Amount of PTE tax credit 888 88 8888 88 8888888 8.8888 888888888 00 First name/entity M.I. Last name JOHNXXXXXXXXXXX Q PUBL I CXXXXXXXXXXXXXX Address 8888 CHERRY LANEXXXXXXXXXXXXXXXXXXX City State ZIP code CITYXXXXXXXXXXXXXXXX OH 88888 2016 IT 4708 – pg. 6 of 6 |
General information regarding this form |
General Information (2016 IT 4708): 1) Dimensions: Target or registration marks - 6 mm X 6 mm. Follow grid layout for positioning. 1D barcode (2 of 5 interleaved) - .375”H x 1.5”W. Follow grid layout for positioning. Center the barcode number directly under the barcode. 2D barcode (PDF 417) - See 2D instructions and schema. Follow grid layout for positioning. There is one 2D barcode on each page of the IT 4708. 2) 1D barcode - The last two numbers of the 1D barcode represent the vendor number. Use the same vendor number as you did for last year’s return. If you have a question about your barcode assignment, e-mail the Forms Unit at Forms@tax.state.oh.us. The fi rst six numbers are constant for this form (161601XX - 161606XX). 16 = tax year 16 = IT 4708 01-06 = page number XX = vendor number (assigned to you by the Ohio Dept. of Taxation, Forms Unit). NOTE: The vendor number also serves as the fi rst two digits of the SSN and FEIN fi elds in the test scenarios. 3) Use Arial font for the static text on the form. 4) Use monospaced Arial or similar monospaced san serif font for the variable data fi elds on the form. 5) Follow the grid layout for the variable data fi elds shown in red. Ensure that the tax year, target or reg- istration marks, “For Department Use Only” area and the 1D and 2D barcodes follow grid layout. 6) Do not use commas, hyphens or decimals in the variable data fi elds except where shown in specs. 7) All monetary fi elds must always show “00” in the cents fi eld even though there may not be a value for that line. 8) You must include a leading zero on ratio fi elds. For example, if the ratio is .000026, it should display as 0.000026. 9) When a variable data fi eld refl ects a negative amount, make sure there is no space between the negative sign and the amount (for example: -888888888 00). The possible negative fi elds for this return are Schedule I, lines 1, 3, 4, 5, 7 and 8; and Schedule II, lines 27, 28, 31, 32d, 32e, 32f, 33, 35 and 40. Do not hard-code negative signs. 10) Provide guidance to customers regarding duplex printing that instructs them to print pages 1 and 2 together; pages 3 and 4 together; and pages 5 and 6 together. Taxpayers have fi led returns with pages 2 and 3 duplexed or a worksheet or software receipt on the back of a page of the return. This slows the processing of the tax return. 11) Generate the following message for customers: “Do not enclose other documentation unless it is specifi ed on the tax return or instructions.” Taxpayers often submit worksheets and receipts from the vendor product, which slows the processing of tax returns. 12) IMPORTANT NOTE: Add this statement to your software programs. It should print out with the taxpayer’s return. “Do not hand write in any corrections on the printed paper return. Hand writing in corrections will result in capturing incorrect data and delaying the processing of this income tax return. Make any cor- rections to this income tax return within [the software program name], then print and mail.” 13) See the 2D barcode instructions for submission details. |
2016 Ohio IT 4708 Recent Updates 9/22/16- The revised date has been changed from “8/16” to “9/16”; On page 4 of 6, Schedule IV, the text “; if only one factor, use 100%” was added to the note under line 53. The note now reads: Note: If the denomi- nator of any factor is zero, the weight given to the other factors must be proportionately increased so that the total weight given to the combined number of factors used is 100%, i.e., if no property/payroll, use 25% and 75%; if no sales, use 50% property/payroll; if only one factor, use 100%. Ohio Department of Taxation 4485 Northland Ridge Blvd. Columbus, OH 43229 tax.ohio.gov |