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JACKSON, MICHIGAN
1
2012201
PARTNERSHIP
INCOME TAX RETURN
FORM J-1065 FOR: PARTNERSHIPS DOING
BUSINESS IN JACKSON, MICHIGAN
FILING INSTRUCTIONS
FILING DATE: Calendar year taxpayers must file by April 30. Fiscal The Partnership Return, Form J-1065, is designed to distinguish
year taxpayers must file within four months after the end of their between that income taxed to residents and that taxed to nonresidents.
fiscal year.
The return shall set forth the entire net profit for the period covered
REMITTANCE: Partnerships electing to pay tax for partners must and show the distributive share of each partner, indicating those who
remit for all partners when filing return. The tax due, if one dollar are residents of Jackson and those who are nonresidents. If residency
($1.00) or more, must be paid when filing the return. Make changes during the taxable period for any partner, use two lines
remittance payable to: to indicate allocation of income by status in all schedules
where applicable.
TREASURER-CITY OF JACKSON
Option to Pay Tax
MAILING ADDRESS: Mail your return and remittance to: At its election, the partnership may file either an information return
or it may compute and pay the tax which is due with respect to each
INCOME TAX DIVISION partner’s share of the net profit of the business, after giving effect to
CITY HALL exemptions and other items to which each partner is entitled. Such
JACKSON, MICHIGAN 49201 election is available to all partnerships regardless of the residency of
the partners. The partnership may pay the tax for partners only if it
Who Must File a Partnership Return (Form J-1065) pays for all partners subject to the tax.
The city of Jackson income tax became effective Jan. 1, 1970. Every
partnership that conducts business activities in the City of Jackson, If the partnership elects to pay the tax on behalf of the partners
whether or not an office or place of business is maintained in the city, thereof, then such election and payment shall be deemed to meet the
is required to file a return within four (4) months following the end of requirements for the filing of a return, as provided by the Ordinance,
the taxable year. If on a calendar year basis, the return must be filed for each partner who has no other income subject to the tax. However,
by April 30. Syndicates, joint ventures, pools and like organizations a return shall be required from any partner having taxable income
will also use Form J-1065. So-called “tax option” corporations 1120-S other than his distributive share of the net profits of the partnership.
(under Secs. 1371-1377, Internal Revenue Code) must file as In such instances, the partner should enter as “Income from
corporations on Form J-1120. partnerships” on his individual return the amount shown on the
partnership return on Page 1 Column 1. The deductions shown in
Resident vs.Non-Resident Partners Columns 2 and 3 and the credit in column 7 paid on his behalf by the
Partners who are residents of Jackson are taxed on their entire partnership should also be listed on his individual return.
distributive shares of the net profits of the partnership, including that
arising from business activity outside the city, and including interest, Partnership as Taxpayer
dividends, and royalties and gains from the sale or exchange of If the partnership elects to pay the tax on behalf of the partners
property, either tangible or intangible. then it assumes the status of a taxpayer to the following extent:
1. Timely payment. Payment must be made within four (4) months
Partners who are nonresidents of Jackson, are taxed on their from the end of the fiscal year or period otherwise it will be subject
distributive shares of the portion of the net profit which is attributable to interest and penalties the same as a delinquent payment from any
to business activity in the City, plus net rentals of property in the City other taxpayer.
and gains from the sale or exchange of real or tangible personal 2. Payment of estimated tax. The election of the partnership to pay
property in the City. They are not taxed on their share of net rentals the tax on behalf of the individual partners also carries with it the
on property outside the city, gains from the sale or exchange of real or requirement to file a Declaration of Estimated Income Tax Form
tangible property outside the city, gains from the sale or exchange of J-1065 ES, if the total estimated tax for the partnership is expected to
securities or other intangible property, or interest or dividends. exceed $100, and to pay such tax. If the partnership so files and makes
payments; the partners will not be required to file a Declaration as
