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Mail your return and remittance to:
CITY OF BIG RAPIDS
INCOME TAX PROCESSING CENTER
P.O. BOX 536
EATON RAPIDS, MI 48827-0536
CITY OF BIG RAPIDS
2020 2020
PARTNERSHIP
INCOME TAX RETURN
FOR: PARTNERSHIPS DOING
FORM 1065 BUSINESS IN BIG RAPIDS, MICHIGAN
FILING INSTRUCTIONS
FILING DATE: Calendar year taxpayers must file by April 30. RESIDENT VS. NON-RESIDENT PARTNER (continued)
Fiscal year taxpayers must file by the last day of the fourth Partners who are non-residents of Big Rapids are taxed on
month following the end of the fiscal year. Returns shall be for their distributive shares of the net profit which is attributed to
the same calendar year, fiscal year or other accounting period business activity in the City, plus net rentals of property in the
as the taxpayer uses for federal income tax purposes. City and gains from the sale or exchange of real or tangible
personal property in the City. They are not taxed on their
TAX RATE: 1.0% (0.01) for resident partners share of net rentals on property outside the City, gains from
0.5% (0.005) for non-resident partners the sale or exchange of real or tangible property outside the
City, gains from the sale or exchange of securities or other
REMITTANCE: Partnerships electing to pay tax for partners tangible property, or interest or dividends.
must remit for all partners when filing return. The tax due, if
one dollar ($1.00) or more, must be paid when filing the OPTION TO PAY TAX
return. Make remittance payable to: At its election, the partnership may file either an
information returnal or it may compute and pay the tax which
CITY OF BIG RAPIDS is due with respect to each partner’s share of the net
profit of the business, after giving effect to exemptions and
MAILING ADDRESS: Mail your return and remittance to: other items to which each partner is entitled. Such election
is available to all partnerships regardless of the
CITY OF BIG RAPIDS residency of the partners. The partnership may pay the tax
INCOME TAX PROCESSING CENTER for partners only if it pays for all partners subject to the tax.
P.O. BOX 536
EATON RAPIDS, MI 48827-0536 If the partnership elects to pay the tax on behalf of the
partners thereof, then such election and payments shall be
PARTNERSHIPS REQUIRED TO FILE deemed to meet the requirements for filing of a return as
Every partnership that conducts business activities in the City provided by the Ordinance, for each partner who has no
of Big Rapids, whether or not an office or place of business is other income subject to the tax. However, a return shall be
maintained in the City, is required to file a return within four (4) required from any partner having taxable income other than
months following the end of the taxable year. If on a calendar his/her distributive share of the net profits of the partnership.
year basis, the return must be filed by April 30. If the
partnership elects to pass through the income to the PARTNERSHIP AS TAXPAYER
partners on their personal return, then file an If the partnership elects to pay the tax on behalf of the
Informational Return, Form 1065 with , the City of partners, then it assumes the status of the taxpayer to the
Big Rapids and attach schedule K and copies of all K-1's . following extent:
1.Timely payment. Payment must be made within
FORM TO BE USED four (4) months from the end of the fiscal year or period;
If a partnership elects to pay for all partners when filing the otherwise, it will be subject to interest and penalties the same as
return, the Partnership Summary Return provided shall be a delinquent payment from any other taxpayer.
attached to a copy of the Federal 1065 with all 2.Payment of estimated tax. The election of the
necessary schedules and K-1's or the required information partnership to pay the tax on behalf of the individual partners
should be carried over to the necessary federal also carries with it the requirement to file a Declaration of
schedule(s) and attached to Form BR-1040. Estimated Income Tax, Form BR 1040ES, if the total
estimated tax for the partnership is expected to exceed $100.
RESIDENT VS. NON-RESIDENT PARTNER
Partners who are residents of Big Rapids are taxed on their
entire distributive shares of the net profits of the partnership,
including that rising from the business activity outside the City,
and including interest, dividends, and royalties and gains from
the sale or exchange of property, either tangible or intangible.
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