PDF document

- 1 -

CITY OF HAMTRAMCK H-1040ES INSTRUCTIONS
1. PURPOSE OF CITY OF HAMTRAMCK ESTIMATED INCOME TAX VOUCHERS:
Payment vouchers are provided for paying currently any income tax due in excess of the tax withheld.
2. WHO MUST MAKE ESTIMATED TAX PAYMENTS:
A. Individuals and Unincorporated Businesses — Every resident and nonresident subject to the tax from whom the tax is not withheld must pay Estimated Income Tax. A payment
is not required from individuals and unincorporated businesses, if the estimated tax on line 6 is One Hundred ($100.00) or less. A husband and wife may make joint payments
unless they are legally separated or divorced, or have different taxable years.
B. Corporations — Every Corporation subject to the tax on all or part of its net proﬁts must make payments of Estimated Income Tax. A payment is not required from corporations
if the estimated tax on line 6 is Two Hundred Fifty Dollars ($250.00) or less.
C. Partnerships — A partnership whose partners are subject to the tax on all or part of their distributive share of net proﬁts may make payments of Estimated Income Tax. If the
partnership makes payments, the partners will not be required to make payments as individuals, unless they have other income on which the Hamtramck income tax is expected
to exceed One Hundred ($100.00). The payments made by the partnership should be accompanied by a statement showing the names, addresses and social security numbers
of the partners on whose behalf the payments are being made.
3. WHEN AND WHERE TO PAY ESTIMATED TAX:
A. First Payment for Calendar Year — The First Payment for a calendar year must be ﬁled on or before April 30th of that year. The estimated tax is payable in equal installments
on or before Apr. 30th, June 30th, Sept. 30th, and Jan. 31st.
B. First Payment for Fiscal Year — The First Payment for a ﬁscal year, or period differing from the calendar year, must be ﬁled within four (4) months after the beginning of each
ﬁscal year or period. For example, if your ﬁscal year begins on April 1st, your ﬁrst will be due on Aug. 1. Remaining installments will then be due on the last day of the 6th,
9th, and 13th months after the beginning of the ﬁscal year.
C. Filing and Payment — Mail and make checks payable to: City of Hamtramck – Estimated Payment, P.O. Box 209 Eaton Rapids, MI 48827-0209.We do not send reminder
notices requesting estimated tax installment payments. Please send your payments with the attached vouchers when due. Put your social security number on your check.
4. INCOME SUBJECT TO TAX:
A. Resident — All salaries, wages, bonuses, commissions and other compensation, net proﬁts from a business or profession, net rental income, capital gains less capital losses,
dividends, interest, income from estates and trusts and other income.
B. Nonresident — Salaries, wages, bonuses, commissions or other compensation for services rendered or work performed in Hamtramck; net rental income from property in
Hamtramck, net proﬁt from a business, profession or other activity to the extent that it is from work done, services rendered or activity conducted in Hamtramck; capital gains
less capital losses from the sale of real or tangible personal property located in Hamtramck.
5. WITHHOLDING TAX CREDITS AND OTHER CREDITS;
A. Withholding Tax Credit — You may subtract from your estimate of Hamtramck Income Tax the amount of Hamtramck income tax expected to be withheld.
B. Income Tax Paid by Partnership — If you are a member of a partnership which elects to ﬁle a return and pay the tax on behalf of its partners, you may subtract from your estimate
of Hamtramck Income Tax the amount of tax expected to be paid by the partnership for your distributive share of net proﬁts.
C. Income Tax Paid to Another Municipality — If you are a resident of the City of Hamtramck and pay income tax to another municipality, you may subtract from your
estimate of Hamtramck Income Tax the amount of income tax expected to be paid to the other municipality. The credit may not exceed the tax that a non-resident
of Hamtramck would have paid on the same income.
6. INTEREST AND PENALTIES:
If the total amount of tax withheld or paid is less than seventy percent (70%) of the tax shown on the taxpayer’s ﬁnal return for the current or preceding taxable year, interest
and penalties will be charged.
7. ANNUAL RETURN REQUIRED:
The Payment of estimated tax does not excuse the taxpayer from ﬁling an annual return.

1. Taxable Income Expected in 2020 ...................................................................................................................... $ ....................................
2. Exemptions ($600 For Each Exemption) ............................................................................................................. ____________________________________
3. Estimated Hamtramck Taxable Income (Line 1 less Line 2) ................................................................................ ____________________________________
Resident Individuals enter 1% of line 3
4. Estimated Hamtramck Income Tax .....................................................................................................................Non-resident Individuals enter 1/2% of line 3 ____________________________________
Corporation enter 1% of line 3
5. Amount of Hamtramck Income Tax to be withheld or other credit expected ........................................................ ____________________________________
6. ESTIMATED TAX (Line 4 less line 5) .................................................................................................................. ____________________________________
7. Computation of Installment: Check Due Date of Declaration below and enter portion of line 6 as indicated:
❑ Apr. 30, 2020 – 1/4; ❑ June 30, 2020 – 2/4; ❑ Sept. 30, 2020 –3/4; Jan.❑ 31, 2022– 100% ____________________________________
8. Amount of overpayment from last year elected to be credited to this years estimated tax.
.................................................................................................................................................................................... ____________________________________
9. Amount to be paid (Line 7 less line 8) .................................................................................................................
.................................................................................................................................................................................... $ ....................................
(Keep For Your Records –– Do Not File)

ESTIMATED TAX WORKSHEET 2019 OVERPAYMENT TOTAL AMOUNT
VOUCHER DATE AMOUNT CREDIT APPLIED TO PAID AND CREDITED
NUMBER A B PAID C INSTALLMENT DAND (B) AND (C)

2
2020
3

ESTIMATED TAX PAYMENTS TOTAL
RECORD OF

PDF file checksum: 890831931

(Plugin #1/8.13/12.0)