Do not use staples. Rev. 8/15 IT 4708 2015 Composite Income Tax 15160102 Return for Certain Check here if amended return Investors in a Check here if finalreturn Use only black ink. Pass-Through Entity Federal employer I.D. no. (FEIN) For taxable year ending in Entity Type: S corporation Partnership Check only one Limited liability company Other MM / 2 0 15 Ohio charter or license no. (if S corp) Use UPPERCASE letters. Name of pass-through entity Address (if address change, check box) City State ZIP code E-mail address Number of investors included in return Apportionment ratio, line 6 . Mail to: Instructions for this form are on our Web site at tax.ohio.gov. Ohio Dept. of Taxation P.O. Box 181140 Do not staple or otherwise attach. Place any supporting documents, including K-1’s, Columbus, OH 43218-1140 after the last page of this return. 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, attach a list of those individuals (include Social Security numbers) who received such compensation or remuneration and the amount(s) ................................... 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, attach a list of those partners or equity investors (include Social Security numbers and federal employer identifi cation numbers) who received such guaranteed payments and the amount(s) ............................................................................................................................................ SIGN HERE (required) I declare under penalties of perjury that this report, including any accompanying schedules and statements, has been examined by me and to the best of my knowledge and belief is a true, cor- For Department Use Only rect and complete return and report. Pass-through entity offi cer or agent (please print) Title of offi cer or agent (please print) Phone number Signature of pass-through entity offi cer or agent Date Code Preparer’s name (please print) Phone number Do you authorize your preparer to contact us regarding this return? Yes No 2015 IT 4708 pg. 1 of 7 2015 IT 4708 |
Rev. 8/15 IT 4708 2015 Composite Income Tax 15160202 Return for Certain FEIN Investors in a Pass-Through Entity SCHEDULE I – TAXABLE INCOME, TAX, PAYMENTS AND NET AMOUNT DUE CALCULATIONS If the amount below is negative, shade the negative sign (“–”) in the box provided. 00 1. Total income (from Schedule II, line 40) ............................................................................. ....1. , , , . 00 2. Total deductions (from Schedule III, line 49) ................................................................................2. , , , . 00 3. Income (loss) to be allocated and apportioned (line 1 minus line 2) .................................. ....3. , , , . 4. Net allocable nonbusiness income (loss) everywhere, if any (all income and gains, other than Ohio Revised Code section [R.C.] 5747.212 gains, are presumed to be business income), and 00 gain (loss) described in R.C. 5747.212. (Attach explanation and supporting schedules.).............. ..... 4. , , . 00 5. Apportionable income (loss) (line 3 minus line 4) ..................................................................... 5...... , , . 6. Ohio apportionment ratio (from Schedule IV, line 53) ........................................................................... 6. . 00 7. Income (loss) apportioned to Ohio (line 5 times line 6)............................................................. ..... 7. , , . 8. Net nonbusiness income (loss) allocated to Ohio and gain (loss) apportioned to Ohio 00 per R.C. 5747.212. (Attach explanation and supporting schedules.) ....................................... ..... 8. , , . 00 9. Ohio taxable income (sum of lines 7 and 8, but not less than -0-) ....................................................... 9. , , . 00 10. Tax before credits (multiply the amount on line 9 by .04997) .............. ............................................... 10. , , . 00 11. Nonrefundable business credits (attach Schedule E)......................................................................... 11. , , . 00 12. Tax due after nonrefundable business credits. Line 10 minus line 11. If less than -0-, enter -0- ........12. , , . 00 13. Interest penalty on underpayment of estimated tax (attach Ohio form IT/SD 2210) .......................... 13. , , . 00 14. Ohio forms IT 4708ES and IT 4708P payments for the taxable year .................................................. 14. , , . 15. Ohio forms IT 1140ES and IT 1140P payments transferred to this form and any payments made 00 with previously fi led return(s) for this taxable year ............................................................................. 15. , , . 16. Deduct Ohio forms IT 4708ES and IT 4708P payments transferred to Ohio form IT 1140 and 00 deduct overpayments, if any, previously claimed for this taxable year ................................................ 16. , , . 00 17. Total net Ohio estimated tax payments for 2015 (sum of lines 14 and 15 minus line 16) ................... 17. , , . 00 18. Amount of 2014 overpayment credited to 2015 (see 2014 Ohio form IT 4708, line 22) ...................... 18. , , . 00 19. Total refundable business credits (from Schedule V, line 60) .............................................................19. , , . 00 20. Total of lines 17, 18 and 19 ................................................................................................................. 20., , . 00 21. Overpayment, if any (line 20 minus the sum of lines 12 and 13, but not less than -0-) ...................... 21. , , . 00 22. Amount of line 21 to be CREDITED to year 2016 tax liability (if this is an amended return, enter -0-) ........... 22. , , . 00 23. Amount of line 21 to be REFUNDED (line 21 minus line 22).............................................................. 23. , , . 00 24. Net amount due, if any (sum of lines 12 and 13 minus line 20, but not less than -0-) ........................ 24. , , . 00 25. Interest and penalty due on late-paid tax and/or late-filed return, if any ............................................. 25. , , . 26. Total amount due, if any (sum of lines 24 and 25). Make check payable to Ohio Treasurer of 00 26.State, include Ohio form IT 4708P and place FEIN on check ................TOTAL AMOUNT DUE , , . If your refund is $1.00 or less, no refund will be issued. If you owe $1.00 or less, no payment is necessary. 2015 IT 4708 pg. 2 of 7 2015 IT 4708 |
Rev. 8/15 IT 4708 2015 Composite Income Tax 15160302 Return for Certain FEIN Investors in a Pass-Through Entity SCHEDULE II – INCOME AND ADJUSTMENTS Items refl ected on lines 27-49 are the combined amounts from IRS Schedule K-1(s) for the taxable year for only those investors who are participat- ing in the fi ling of this return. Attach to this return a copy of the applicable IRS form 1120S or 1065 and K-1(s) of participating investors. If the amount below is negative, shade the negative sign (“–”) in the box provided. 00 27. Ordinary business income (loss)....................................................................................... ...27. , , , . 28. The investors’ shares of expenses and losses incurred in connection with all direct and indirect transactions between the pass-through entity and its related members, including certain investors’ family members. However, do not add expenses or losses incurred in connection with sales of inventory to the extent that the cost of the inventory and the loss incurred were calculated in accordance with Internal Revenue Code (I.R.C.) sections 263A 00 and 482.............................................................................................................................. ...28. , , . 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 00 pass-through entity. Reciprocity agreements do not apply...........................................................29. , , . 30. Compensation that the pass-through entity paid to each investor participating in the filing of this return if such investor directly or indirectly owns at least 20% of the pass-through 00 entity. Reciprocity agreements do not apply ..................................................................................30. , , . 00 31. Net income or (loss) from rental activities other than amount shown on line 27 ............... ....31. , , , . 32. Portfolio income (loss). See note below. 00 a. Interest income ..........................................................................................................................32a. , , , . 00 b. Dividends......................................................................................................................................b. , , , . 00 c. Royalties .......................................................................................................................................c. , , , . 00 d. Net short-term capital gain (loss) ...................................................................................... ......d. , , , . 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 00 of participating investors included in this return................................................................ ......e. , , , . 00 f. Other portfolio income (loss) ............................................................................................. .......f. , , , . 00 33. Net gain (loss) under I.R.C. 1231 ...................................................................................... ....33. , , , . 34. Adjustment for I.R.C. sections 168(k) and 179 depreciation expense F• 2/3, F•5/6 or F•6/6 (check applicable box) and miscellaneous federal income tax adjustments. 00 Attach a separate schedule showing calculations......................................................................34. , , , . 00 35. Other income (loss). Attach schedule ............................................................................... ....35. , , , . 00 36. Pass-through entity and financial institutions taxes paid............................................................36. , , , . 37. Non-Ohio state or local government interest and dividends earned by the pass-through 00 entity but not included above......................................................................................................37. , , , . 00 38. State and local income taxes deducted in arriving at income .....................................................38. , , , . 39. Losses from the sale or other disposition of Ohio public obligations if such losses have 00 been deducted in determining federal taxable income...............................................................39. , , , . 00 40. Total income (add lines 27 through 39; enter here and on Schedule I, line 1) .................. 40..... , , , . 2015 IT 4708 pg. 3 of 7 2015 IT 4708 |
Rev. 8/15 IT 4708 2015 Composite Income Tax FEIN 15160402 Return for Certain Investors in a Pass-Through Entity SCHEDULE III – DEDUCTIONS List only those deductions that have not already been used to reduce any income items set forth in Schedule II. 00 41. I.R.C. 179 expense not deducted in calculating line 27......................................................................41. , , . 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. Attach a separate schedule showing 00 calculations designating 1/2, 1/5 or 1/6.......................................................................................... 42. , , . 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 00 income and amounts contributed to individual development accounts (attach detailed schedule of items) .. 44. , , . 00 45. Exempt gains from the sale of Ohio state or local government bonds ............................................... 45. , , . 46. Wage and salary expense not otherwise deducted because of a federal work opportunity 00 tax credit............................................................................................................................................. 46. , , . 47. Interest or income earned on Ohio public obligations and Ohio purchase obligations if such interest 00 or income is included on any of lines 27-35 ........................................................................................ 47. , , . 48. Net gain included in line 40 resulting from the sale, exchange or other disposition of Ohio public 00 obligations (do not enter amounts shown on line 45) ......................................................................... 48. , , . 00 49. Total deductions (add lines 41-48; enter here and on Schedule I, line 2) ........................................... 49. , , . 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 defined in Ohio Revised Code sec- tion (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. Within Ohio Total Everywhere 50. Property 00 00 a) Owned (average cost) , , , . , , , . Within Ohio Total Everywhere 00 00 b) Rented (annual rental X 8) , , , . , , , . Within Ohio Total Everywhere 00 00 c) Total (lines 50a and 50b) , , , . ÷ , , , . Ratio Weight Weighted Ratio = . x .20 = . Within Ohio Total Everywhere 51. Payroll , , , . ÷ , , , .00 00 Ratio Weight Weighted Ratio = . x .20 = . Within Ohio Total Everywhere 00 00 52. Sales , , , . ÷ , , , . Ratio Weight Weighted Ratio = . x .60 = . Weighted Ratio 53. Total weighted apportionment ratio (add lines 50c, 51 and 52). Enter ratio here and on Schedule I, line 6. . 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. 2015 IT 4708 pg. 4 of 7 2015 IT 4708 |
Rev. 8/15 IT 4708 2015 Composite Income Tax FEIN 15160502 Return for Certain Investors in a Pass-Through Entity SCHEDULE V – REFUNDABLE BUSINESS CREDITS Note: Certifi cates from the Ohio Development Services Agency and/or Schedule K-1(s) must be attached to verify each refundable credit claimed. 54. Ohio historic preservation credit ........................................................................................................... 54. 00 , , . 00 55. Business jobs credit ............................................................................................................................. 55. , , . 00 56. Pass-through entity credit .................................................................................................................... 56. , , . 00 57........................................................................Losses on loans made to Ohio venture capital57. program , , . 58. Motion picture production credit........................................................................................................... 58. 00 , , . 59. Financial Institutions Tax (FIT) credit................................................................................................... 59. , , .00 60. Total refundable business credits (enter here and on Schedule I, line 19) ..... ...................................... 60. 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 percent- age. Use an additional sheet, if necessary. Social Security no. FEIN Percent of ownership Amount of PTE tax credit 00 . , , . First name/entity M.I. Last name Address City State ZIP code Social Security no. FEIN Percent of ownership Amount of PTE tax credit 00 . , , . First name/entity M.I. Last name Address City State ZIP code Social Security no. FEIN Percent of ownership Amount of PTE tax credit 00 . , , . First name/entity M.I. Last name Address City State ZIP code 2015 IT 4708 pg. 5 of 7 2015 IT 4708 |
Rev. 8/15 IT 4708 2015 Composite Income Tax FEIN 15160602 Return for Certain Investors in a Pass-Through Entity 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 percent- age. Use an additional sheet, if necessary. Social Security no. FEIN Percent of ownership Amount of PTE tax credit 00 . , , . First name/entity M.I. Last name Address City State ZIP code Social Security no. FEIN Percent of ownership Amount of PTE tax credit 00 . , , . First name/entity M.I. Last name Address City State ZIP code Social Security no. FEIN Percent of ownership Amount of PTE tax credit 00 . , , . First name/entity M.I. Last name Address City State ZIP code Social Security no. FEIN Percent of ownership Amount of PTE tax credit 00 . , , . First name/entity M.I. Last name Address City State ZIP code 2015 IT 4708 pg. 6 of 7 2015 IT 4708 |
Rev. 8/15 IT 4708 2015 Composite Income Tax 15160702 Return for Certain FEIN Investors in a Pass-Through Entity 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 percent- age. Use an additional sheet, if necessary. Social Security no. FEIN Percent of ownership Amount of PTE tax credit 00 . , , . First name/entity M.I. Last name Address City State ZIP code Social Security no. FEIN Percent of ownership Amount of PTE tax credit 00 . , , . First name/entity M.I. Last name Address City State ZIP code Social Security no. FEIN Percent of ownership Amount of PTE tax credit 00 . , , . First name/entity M.I. Last name Address City State ZIP code Social Security no. FEIN Percent of ownership Amount of PTE tax credit 00 . , , . First name/entity M.I. Last name Address City State ZIP code 2015 IT 4708 pg. 7 of 7 2015 IT 4708 |