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Income Tax Department
601 Avenue A, Springfield, MI 49037-7774
Phone 269-965-8324 Fax 269-965-8211 www.springfieldmich.com E-Mail: incometax@springfieldmich.com
ARE YOU REQUIRED TO PAY WHO MUST PAY ESTIMATED TAX QUARTERLY:
ESTIMATED TAX FOR 2020? INDIVIDUALS AND UNINCORPORATED BUSINESS:
If you are a resident or non-resident and expect taxable income from which City
Do you expect to owe of Springfield income tax will not be withheld by an employer, you must file and
$100.00 ($250.00 for pay estimated tax. If you estimate your tax to be $100.00 or less, you do not
Corporations) or more for have to pay estimated tax. A husband and wife may file and pay joint estimated
2020 after subtracting tax.
income tax withholdings
and credits from your total CORPORATIONS:
tax? (Do not subtract any Every corporation subject to the City of Springfield income tax must file and pay
estimated tax payments). estimated tax on all or part of its net income if the estimated tax is $250.00 or
more.
If you answered yes, go to
the next question. PARTNERSHIPS:
A partnership whose partners are subject to the City of Springfield income tax
Do you expect your income on all or part of the distributive share of net profits, may file and pay estimated
tax withholdings and credits tax with the City as a partnership. The partners will not be required to file as
to be at least 70% of the tax individuals unless they have other income in which the Springfield income tax is
shown on your 2020 tax expected to exceed $100.00.
return?
PENALTY AND INTEREST:
If you answered yes, you If the total amount of tax paid by January 31 stis less than 70% of last year’s tax
are not required to make return or this year’s total tax, penalty and interest will be charged.
estimated tax payments
for 2020. NOTE: The payment of estimated tax does not excuse the taxpayer from
filing an annual tax return.
If you answered
No, you are required to FILING AND PAYMENTS
make estimated tax Vouchers may be obtained from the Income Tax Department or visit our web
payments for 2020. page (address above). The estimated tax may be paid in full with the first
voucher or paid in four (4) equal installments.
See work sheet on Penalty and interest will beassessed if payment is not received on time.
reverse side.
First Quarter Due by April 30, 2020
Second Quarter Due by June 30, 2020
Third Quarter Due by September30,2020
Fourth Quarter Due by January 31, 2021
HOW TO CALCULATE YOUR ESTIMATED INCOME TAX:
INDIVIDUAL OR UNINCORPORATED BUSINESS:
Estimate the total amount of your expected gross income. Subtract allowed
exemptions & deductions. Multiply the remainder by 1% (.01) for residents and
½% (.005) for non–residents.
CORPORATIONS:
Net allocated income times 1% (.01).
PARTNERSHIPS:
The liability for a RESIDENT PARTNER is 1% (.01) of their entire distributive
share of net profits regardless of where the activity of the partnership is
conducted. NON-RESIDENT PARTNER tax rate is ½% (.005) based on the
distributive share of City of Springfield income.
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