Enlarge image | PH-1065 CITY OF PORT HURON INCOME TAX - PARTNERSHIP RETURN 2022 For calendar year 202 2or tax year beginning: , and ending: Name Federal employer identification number FEIN Address line 1 Partnership is filing an informational return, or Address line 2 (if needed) Partnership elects to pay the tax on behalf of it partners. You must pay the tax for all of the partners. City or town, state, and ZIP code Number of employees on December 31 Number of partners City of Port Huron resident? NAME AND ADDRESS OF EACH PARTNER SOCIAL SECURITY NUMBER (FEIN) YES NO A B C D E TAX PAYMENT BY THE PARTNERSHIP If you are filing an informational return, disregard this section Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Adjusted Partnership Allowable Individual Exemption Taxable Income Tax - multiply col. 4 Credits Balance of Tax Income Deductions Credit (column 1 minus by: 1% for residents (see instructions) Payable (from page 2, sch. C, (see instructions) (see instructions) columns 2 and 3) and corporations, (see Instructions) column 6) ½% for nonresidents A B C D E Totals PAYMENTS AND BALANCE DUE OR REFUND 1 Estimated tax payments, extension payments and amounts carried forward from last year . . . . . . 1 2 Other credits - explain and support the amount claimed . . . . . . . . . . . . . . . . . 2 3 Total payments and credits. Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . 3 4 If the total of Column 5 (above) is more than line 3, subtract line 3 from the total. This is your TAX DUE 4 5 If line 3 is more than the total of column 5 (above), subtract the total from line 3. This is your overpayment 5 6 Amount of line 5 you want: Credited to 202 3estimated taxes ' Refunded ' 6 I declare, under penalty of perjury, that the information in this return and attachments is true and I declare under penalty of perjury, that this return is based on all complete to the best of my knowledge. information of which I have knowledge. Signature of general partner of limited liability company member Date Preparer's name, address and ID number X Mail to: Income Tax Division Preparer's signature Date Make checks payable to: City of Port Huron 100 McMorran Blvd. Port Huron, MI 48060 X |
Enlarge image | PH-1065 Page 2 SCHEDULE A - ALLOCABLE PARTNERSHIP INCOME 1 Ordinary income (loss) from trade or business activities. From Federal Form 1065, line 22 ............................................ 2 Guaranteed payments to partners deducted on Federal Form 1065 ...................................................................................... 3 City of Port Huron income tax that was deducted in determining taxable income of Federal Form 1065 .............................. 4 Total. Add lines 1 through 3 .................................................................................................................................................. 5 Non-business included in line 1 above. From Schedule B, column 1, line 3 below ............................................................ 6 Total ordinary income for the city. Subtract line 5 from line 4. Distribute income to partners in Schedule C below SCHEDULE B - OTHER INCOME AND EXCLUSIONS Column 1 Column 2 Column 3 Column 4 Column 5 Total Resident Resident Nonresident Nonresident Other Partners Partners Partners Partners Income Share of Col. 1 Exclusions Share of Col. 1 Exclusions 1 Income (loss) from other partnerships, estates, trusts from Federal Form 1065, page 1, line 4 . . . . 2 Other non-allocable income (attach schedule) . 3 Total - Line 1 plus line 2. To Schedule A line 5 4 Net income from rental real estate (Sch. K, line 2) 5 Net income from other rental activities (Sch. K, ln. 3c) 6 Interest income (Schedule K, line 5) . . . . 7 Dividend income (Schedule K, line 6a) . . . . 8 Royalty income (Schedule K, line 7) . . . . 9 Net short-term capital gain (loss) - Sch. K line 8 10 Net long-term capital gain (loss) - Sch. K line 9a 11 Net section 1231 gain (loss) - Sch. K, line 10 . . 12 Other income (loss) - Schedule K, line 11 . . . 13 Totals - add lines 1, 2 and 4 through 12 . . . . Note: All partners exclude income from government obligations, and the portion of gains or losses occurring before January 1, 1969. In addition, nonresident partners exclude interest, dividends and income from activities outside the City of Port Huron. SCHEDULE C - DISTRIBUTION TO PARTNERS Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Allocable Income Allocation % Allocated Income Resident Partners Nonresident Partners Adjusted Partnership (schedule A, line 6) nonresidents only column 1 x column 2 Other Income Other Income Income (100% for residents) (sch. B, col. 2 - col. 3) (sch B, col. 4 - col. 5) (add columns 3, 4 & 5) A B C D E Totals SCHEDULE D - BUSINESS ALLOCATION FORMULA I II III Used by nonresident partners only Located everywhere Located in the city Percentage in the city 1a Average net book value of real and tangible personal property . . . . . II )I 1b Gross rentals of real property multiplied by 8 . . . . . . . . . . . 1c Total - line 1a plus line 1b . . . . . . . . . . . . . . . . . % 2 Total wages salaries, commissions and other compensation paid to all employees % 3 Gross receipts from sales made or services rendered . . . . . . . . % 4 Total of all percentages - add the percentages computed on lines 1c, 2 and 3 . . . . . . . . . . . . . . % 5 Average percentage - divide line 4 by three* - Enter here and for nonresident partners in schedule C, column 2 . . . % *In determining the average percentage, if a factor does not exist, you must divide line 4 by the number of factors used If you are authorized to use a special formula, give the date of your approval letter and attach a schedule detailing the calculation |