(A) Returns. Each taxpayer, except as otherwise provided herein, and whether or not a tax be due thereon, shall make and file a return for each calendar year on or before April 15 of the following calendar year. When the return is made for a fiscal year or other period different from the calendar year, the return shall be filed by the 15th day of the fourth month following the end of such fiscal year or period. The administrator is hereby authorized to provide by regulation that the return of an employer or employers, showing the amount of tax deducted by the employer or employers from the salaries, wages, commissions or other compensation of a non-resident employee, and paid by him or them to the administrator shall be accepted as the return required of any employee whose sole income, subject to tax under this chapter, is such salary, wages, commissions, or other compensation.
(B) Returns and contents thereof. The return shall be filed with the administrator on a form or forms furnished by or obtainable upon request from the administrator and shall set forth:
(1) The net profits or the taxable income reduced by allowable expenses incurred in the acquisition of net profits or taxable income earned or received during the preceding year and subject to the tax.
(2) The amount of the tax imposed by this chapter on such earnings and profits.
(3) Such other pertinent statements, information returns, or other information as the administrator may require.
(C) Extensions. The administrator, with approval of the Village Manager, may extend the time for filing of the annual return upon the request of the taxpayer for a period of not to exceed six months, or one month beyond any extension requested of or granted by the Internal Revenue Service for the filing of the taxpayer's federal income tax return, whichever first occurs. The request for extension must be filed by the date the return is normally due, accompanied by an estimate of the tax which is due and payment of the estimated amount. Interest shall apply to any unpaid tax during the period of extension at the rate set out by §93.10(A), but no penalty shall be assessed in those cases in which the return is filed and the final tax and interest paid within the period as extended.
(D) Payment with returns.
(1) The taxpayer making a return shall, at the time of the filing thereof, pay to the administrator the amount of taxes shown as due thereon; provided, however, that where any portion of the tax so due shall have been deducted at the source pursuant to the provisions of § 93.06 or where any portion of the tax shall have been paid by the taxpayer pursuant to the provisions of § 93.07 or where an income tax has been paid to another municipality, credit for the amount so paid in accordance with § 93.14, shall be deducted from the amount shown to be due and only the balance, if any, shall be due and payable at the time of filing the return.
(2) Overpayments and refunds. A taxpayer who has overpaid the amount of tax to which the village is entitled under the provisions of this chapter may have such overpayment applied against any subsequent liability hereunder or, at his election indicated on the return, such overpayment (or part thereof) shall be refunded. No additional taxes or refunds of less than $l shall be collected or refunded.
(E) Amended returns.
(1) Where necessary an amended return must be filed in order to report additional income and pay any additional tax due, or claim a refund of tax overpaid, subject to the requirements and/or limitations contained in § 93.11 and 93.14. The amended returns shall be on a form obtained on request from the administrator. A taxpayer may not change the method of accounting or apportionment of net profits after the due date for filing the original return.
(2) Within three months from the final determination of any federal tax liability affecting the taxpayer's village tax liability, taxpayer shall make and file an amended village return showing income subject to the village tax based upon such final determination of federal tax liability, and pay any additional tax shown due thereon or make claim for refund of any overpayment.
('69 Code, § 97.05) (Ord. C-320, passed 10-12-70; Am. Ord. C-625, passed 11-9-87; Am. Ord. 2005-15, passed 9-12-05; Am. Ord. 2009-02, passed 4-13-09)