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| 20____ Form P-1065 CITY OF PORTLAND INCOME TAX FOR CALENDAR YEAR 20___ Partnership Return OR FISCAL YEAR ENDING: Name of Partnership Date Business Commenced PLEASE Number and Street Number of Employees on December 31, 20___ TYPE City or Town, State and Zip Code Number of Partners OR FEDERAL ID NUMBER PRINT City If City Resident Non Resident NAME AND HOME ADDRESS OF EACH PARTNER SOCIAL SECURITY NUMBER Full Resident Part of Year Year Full Year Indicate Time Period a b c d e TAX PAYMENT BY PARTNERSHIP ( If an informational return only, disregard this section) COL. 1 COL. 2 COL. 3 COL. 4 COL. 5 COL. 6 COL. 7 Adjusted Partnership Allowable Exemptions Taxable Income Total Tax Credits Balance of Income Individual ( multiply Col. 4 by 1% Tax ( From p2 Sch C Col 7) Deductions ( See NOTE 2, below ( COL. 1 LESS COL. 2) for residents, 1/2% for ( see instructions) Payable ( See NOTES 1 and 2) ( see instructions) and instructions) and Col. 3) non-residents.) ( see instructions) a. b. c. d. e. Totals Note 1: If this is an information return, check here and fill in the applicable schedules on page 2 only. The partnership may pay tax for partners only if it pays for ALL partners subject to the tax. Check here if the partnership elects to pay tax on behalf of all partners. Note 2: A partner who has other income in addition to the partnership income must file an individual return and show such amounts from the Federal Form 1065 and take credit for his exclusions on page two of this return. A partner who is claiming his exemption as a member of another partnership is NOT to claim his exemption in this partnership return in column 3. PAYMENTS AND CREDITS 8a. Tax paid with tentative return................................................................................................................................................................................................................... $ 8b. Payments on 20___ Declaration of Estimated Portland Income Tax....................................................................................................................................................... $ 8c. Other credits - you must attach explanation and support.......................................................................................................................................................................... $ 9. TOTAL - add lines 8a, 8b, and 8c............................................................................................................................................................................................................... $ TAX DUE OR REFUND 10. If your tax ( total of Col. 5) is larger than your payments ( line 9) enter BALANCE DUE....................................................................................................................... $ - ANY BALANCE DUE MUST BE PAID IN FULL WITH THIS RETURN. 11. If your payments ( line 9) are larger than your tax ( total of Col. 5) enter OVERPAYMENT ................................................................................................................. $ 12. Line 11 to be ( a) Credited on 20__ estimated tax $...................................................... or ( b) refunded $............................................................ I declare that I have examined this return ( including accompanying schedules and statements) and to the best of my knowledge and belief it is true, correct and complete. If prepared by a person other than the taxpayer, the preparer's declaration is based on all information of which the preparer has any knowledge. SIGN HERE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Signature of Officer Title Date SIGN HERE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Signature of Preparer Address Date MAIL TO: CITY OF PORTLAND, 259 KENT STREET, PORTLAND, MI 48875 PAGE 1 20___ Form P-1065 ALLOCABLE PARTNERSHIP INCOME - SCHEDULE A 1. ORDINARY INCOME ( LOSS) from Page 1, Line 22, US Partnership Return of Income, Form 1065 ................................................................................. $ 2. Add partners' salaries and interest deducted on Page 1, Federal Form 1065.............................................................................................................................. 3. Add City of Portland tax, if deducted in determining income on Federal Form 1065.............................................................................................................. 4. TOTAL ( add Lines 1, 2, and 3).................................................................................................................................................................................................. 5. Less non-business income included in Line 1 above ( from Schedule B, Column 1, Line 9 below)......................................................................................... 6. TOTAL INCOME SUBJECT TO ALLOCATION - To Schedule C below............................................................................................................................. $ NON BUSINESS INCOME AND EXCLUSIONS - SCHEDULE B Column I Column II Column III Column IV Column V Federal Total Resident Resident Non-Resident Non-Resident Form 1065 Non-Business Partners' Partners' Partners' Partners' Reference Income Share of Column I Exclusion Share of Column | 20____ Form P-1065 CITY OF PORTLAND INCOME TAX FOR CALENDAR YEAR 20___ Partnership Return OR FISCAL YEAR ENDING: Name of Partnership Date Business Commenced PLEASE Number and Street Number of Employees on December 31, 20___ TYPE City or Town, State and Zip Code Number of Partners OR FEDERAL ID NUMBER PRINT City If City Resident Non Resident NAME AND HOME ADDRESS OF EACH PARTNER SOCIAL SECURITY NUMBER Full Resident Part of Year Year Full Year Indicate Time Period a b c d e TAX PAYMENT BY PARTNERSHIP ( If an informational return only, disregard this section) COL. 1 COL. 2 COL. 3 COL. 4 COL. 5 COL. 6 COL. 7 Adjusted Partnership Allowable Exemptions Taxable Income Total Tax Credits Balance of Income Individual ( multiply Col. 4 by 1% Tax ( From p2 Sch C Col 7) Deductions ( See NOTE 2, below ( COL. 1 LESS COL. 2) for residents, 1/2% for ( see instructions) Payable ( See NOTES 1 and 2) ( see instructions) and instructions) and Col. 3) non-residents.) ( see instructions) a. b. c. d. e. Totals Note 1: If this is an information return, check here and fill in the applicable schedules on page 2 only. The partnership may pay tax for partners only if it pays for ALL partners subject to the tax. Check here if the partnership elects to pay tax on behalf of all partners. Note 2: A partner who has other income in addition to the partnership income must file an individual return and show such amounts from the Federal Form 1065 and take credit for his exclusions on page two of this return. A partner who is claiming his exemption as a member of another partnership is NOT to claim his exemption in this partnership return in column 3. PAYMENTS AND CREDITS 8a. Tax paid with tentative return................................................................................................................................................................................................................... $ 8b. Payments on 20___ Declaration of Estimated Portland Income Tax....................................................................................................................................................... $ 8c. Other credits - you must attach explanation and support.......................................................................................................................................................................... $ 9. TOTAL - add lines 8a, 8b, and 8c............................................................................................................................................................................................................... $ TAX DUE OR REFUND 10. If your tax ( total of Col. 5) is larger than your payments ( line 9) enter BALANCE DUE....................................................................................................................... $ - ANY BALANCE DUE MUST BE PAID IN FULL WITH THIS RETURN. 11. If your payments ( line 9) are larger than your tax ( total of Col. 5) enter OVERPAYMENT ................................................................................................................. $ 12. Line 11 to be ( a) Credited on 20__ estimated tax $...................................................... or ( b) refunded $............................................................ I declare that I have examined this return ( including accompanying schedules and statements) and to the best of my knowledge and belief it is true, correct and complete. If prepared by a person other than the taxpayer, the preparer's declaration is based on all information of which the preparer has any knowledge. SIGN HERE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Signature of Officer Title Date SIGN HERE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Signature of Preparer Address Date MAIL TO: CITY OF PORTLAND, 259 KENT STREET, PORTLAND, MI 48875 PAGE 1 20___ Form P-1065 ALLOCABLE PARTNERSHIP INCOME - SCHEDULE A 1. ORDINARY INCOME ( LOSS) from Page 1, Line 22, US Partnership Return of Income, Form 1065 ................................................................................. $ 2. Add partners' salaries and interest deducted on Page 1, Federal Form 1065.............................................................................................................................. 3. Add City of Portland tax, if deducted in determining income on Federal Form 1065.............................................................................................................. 4. TOTAL ( add Lines 1, 2, and 3).................................................................................................................................................................................................. 5. Less non-business income included in Line 1 above ( from Schedule B, Column 1, Line 9 below)......................................................................................... 6. TOTAL INCOME SUBJECT TO ALLOCATION - To Schedule C below............................................................................................................................. $ NON BUSINESS INCOME AND EXCLUSIONS - SCHEDULE B Column I Column II Column III Column IV Column V Federal Total Resident Resident Non-Resident Non-Resident Form 1065 Non-Business Partners' Partners' Partners' Partners' Reference Income Share of Column I Exclusion Share of Column |
| I | IExclusions |
| Exclusions | |
| 7. Income from other partnerships, trusts, etc.......................... page 1, line 4 $$$$$ 8. Other - attach statement detailing........................................ 9. Non-allocable income ( line 7 plus line 8)............................ To Sch A. ln. 5 $ 10. Rental activities................................................................... Sch K, line 3c 11. Interest income.................................................................... Sch K, line 4a 12. Dividend income................................................................. Sch K, line 4b 13. Royalty income................................................................... Sch K, line 4c 14. Net short-term capital gain ( loss)........................................ Sch K, line 4d 15. Net long-term capital gain ( loss)........................................ Sch K, line 4e 16. Net section 1231 gain ( loss)................................................ Sch K, line 6 17. Other gain ( loss) - attach statement.................................... 18. Totals ( line 7, 8 and 10 thru 17).......................................... $$$$$ Note: All partners exclude interest from governmental obligations and income, gains and losses prior to January 1, 1984. In addition, non-resident partners exclude all dividends, interest and non-taxable income from activities outside of the City of Portland. DISTRIBUTION TO PARTNERS - SCHEDULE C Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 1 Allocation % | 7. Income from other partnerships, trusts, etc.......................... page 1, line 4 $$$$$ 8. Other - attach statement detailing........................................ 9. Non-allocable income ( line 7 plus line 8)............................ To Sch A. ln. 5 $ 10. Rental activities................................................................... Sch K, line 3c 11. Interest income.................................................................... Sch K, line 4a 12. Dividend income................................................................. Sch K, line 4b 13. Royalty income................................................................... Sch K, line 4c 14. Net short-term capital gain ( loss)........................................ Sch K, line 4d 15. Net long-term capital gain ( loss)........................................ Sch K, line 4e 16. Net section 1231 gain ( loss)................................................ Sch K, line 6 17. Other gain ( loss) - attach statement.................................... 18. Totals ( line 7, 8 and 10 thru 17).......................................... $$$$$ Note: All partners exclude interest from governmental obligations and income, gains and losses prior to January 1, 1984. In addition, non-resident partners exclude all dividends, interest and non-taxable income from activities outside of the City of Portland. DISTRIBUTION TO PARTNERS - SCHEDULE C Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 1 Allocation % |
| Allocated | AllocatedMemo |
| Memo | |
| Allocation Non-Business Non-Business Adjusted Allocable Apply only to Non- Income Exclusion Taxable Income Taxable Income Non- Partnership Income residents ( enter 100% ( COL 1 X COL 2) ( Col 1 less Col 3) Residents ( Sch B, Residents ( Sch B, Income ( SCH A. LINE 6) For Residents) ( SCH A. LINE 6) to Sch D P-1040 Col II less Col III) Col IV less Col V) Add Col 3, 5 & 6 ( a) % ( b) % ( c) % ( d) % ( e) % Totals I II III BUSINESS ALLOCATION FORMULA - SCHEDULE D Located Located Percentage ( To be used by non-resident partners only) Everywhere In Portland II / I 19a. Average net book value of real and tangible personal property 19b Gross rentals of real property, multiplied by 8 19c. Total - add lines 19a and 19b 20. Total wages, salaries, commissions and other compensation paid to all employees 21. Gross receipts from sales made or services rendered 22. Total Percentages - add the percentages computed in Column III on lines 19c, 20 and 21 23. Average percentage ( Column III line 22 divided by three - see note below and instructions) Enter here and on page 2, Sch. C, Col. 2 Note: In determining the average percentage ( line 23), if a factor does not exist, the sum of the percentages shall be divided by the number of factors actually used. In case of a taxpayer authorized by the Administrator to use a special formula, attach the Administrator's approval letter and detail of formula used. PAGE 2 PDF file checksum: 3158290257 | Allocation Non-Business Non-Business Adjusted Allocable Apply only to Non- Income Exclusion Taxable Income Taxable Income Non- Partnership Income residents ( enter 100% ( COL 1 X COL 2) ( Col 1 less Col 3) Residents ( Sch B, Residents ( Sch B, Income ( SCH A. LINE 6) For Residents) ( SCH A. LINE 6) to Sch D P-1040 Col II less Col III) Col IV less Col V) Add Col 3, 5 & 6 ( a) % ( b) % ( c) % ( d) % ( e) % Totals I II III BUSINESS ALLOCATION FORMULA - SCHEDULE D Located Located Percentage ( To be used by non-resident partners only) Everywhere In Portland II / I 19a. Average net book value of real and tangible personal property 19b Gross rentals of real property, multiplied by 8 19c. Total - add lines 19a and 19b 20. Total wages, salaries, commissions and other compensation paid to all employees 21. Gross receipts from sales made or services rendered 22. Total Percentages - add the percentages computed in Column III on lines 19c, 20 and 21 23. Average percentage ( Column III line 22 divided by three - see note below and instructions) Enter here and on page 2, Sch. C, Col. 2 Note: In determining the average percentage ( line 23), if a factor does not exist, the sum of the percentages shall be divided by the number of factors actually used. In case of a taxpayer authorized by the Administrator to use a special formula, attach the Administrator's approval letter and detail of formula used. PAGE 2 PDF file checksum: 3158290257 |