(A) Requirement of filing.
(1) A declaration of estimated tax shall be filed by every taxpayer who may reasonably be expected to have taxable income, the tax on which is not or will not be withheld by an employer or employers. Where required, the declaration shall be filed within four months after the beginning of the taxable year.
(2) A taxpayer’s final return for the preceding year may be used as the basis for computing his or her declaration of estimated tax for the current year. In the event a taxpayer has not previously been required to file a return, a declaration of estimated tax on anticipated income shall be filed in good faith.
(B) Date of filing.
(1) A person or other entity conducting a business not previously subject to the tax, or whose employer does not withhold the tax, shall file a declaration within four months after the date he or she becomes subject to the tax.
(2) Those taxpayers having a fiscal year or period differing from the calendar year shall file a declaration within four months after the start of each fiscal year or period.
(C) Form for filing.
(1) The declaration shall be filed upon a form or forms furnished by, or obtainable from, the Commissioner. Provided, however, credit shall be taken for the Village of Anna tax to be withheld from any portion of income. In accordance with the provisions of § 35.15, credit may be taken for tax to be withheld and remitted to another taxing municipality.
(2) (a) The original estimate of tax liability or any subsequent amendment thereof may be increased or decreased by filing an amended declaration on or before any quarterly payment date as set forth in division (D)(1) below.
(b) The amendment may be made on the regular declaration form or on the back of any quarterly notice.
(D) Dates of payments.
(1) The estimated tax may be paid in full with the declaration or in equal installments on or before the last day of the fourth, seventh, tenth, and thirteenth month after the beginning of the taxable year. Corporations, partnerships, or other like business entities must remit the estimated tax on the fifteenth day of the fourth month of the taxpayer’s taxable year and the fifteenth day of the sixth month, the fifteenth day of the ninth month, and the fifteenth day of the twelfth month of the taxpayer’s taxable year. A grace period of 15 days will be granted for the filing of the declaration and payment of the estimated tax as imposed on all taxpayers whose estimated tax liability is due on the fifteenth day of any calendar month.
(2) The declaration must be accompanied by at least 22.5% of the estimated tax shown due thereon.
(3) In the event an amended declaration has been filed, the unpaid balance shown due thereon shall be paid in equal installments over the remaining payment dates.
(E) Final returns required.
(1) The filing of a declaration does not relieve the taxpayer of the necessity of filing a final return even though there is no change in the declared tax liability.
(2) A final return must be filed to obtain a refund of any overpayment of over $1.
(Ord. 670-77, passed 11-9-1977; Am. Ord. 1232-98, passed 11-24-1998; Am. Ord. 1338-01, passed 6-26-2001; Am. Ord. 1339-01, passed 6-26-2001; Am. Ord. 1428-04, passed 6-22-2004; Am. Ord. 1464-05, passed 12-13-2005; Am. Ord. 1482-01, passed 8-8-2006; Am. Ord. 1690-15, passed 12-22-2015)