(a) (1) Each taxpayer except where herein provided, shall, whether or not a tax is due thereon, make and file a return on or before April 15 of each year following the effective date of this chapter, and on or before April 15 of each year thereafter. When the return is made for a fiscal year or other period different from the calendar year, the return shall be filed by the last day of the month four months from the end of the fiscal year or period. On and after 1-1-2002, said returns can be filed electronically on the Internet. After 1-1-2005, said returns can be filed through the Ohio Business Gateway.
(Ord. 50-10. Passed 6-14-10.)
(Ord. 50-10. Passed 6-14-10.)
(2) If the due date for filing a return with the City of Coshocton is on a Saturday, Sunday or holiday, then the next business day shall be the due date for the return.
(Ord. 24-09. Passed 5-11-09.)
(Ord. 24-09. Passed 5-11-09.)
(b) The return shall be filed setting forth the following:
(1) The aggregate amounts of salaries, wages, commissions and other compensation earned and gross income from business, professional, rental or other activity, less allowable ordinary, reasonable and necessary expenses incurred in the acquisition of gross income earned during the preceding year and subject to tax. (Ord. 33-06. Passed 6-26-06.)
(2) The amount of tax imposed by this chapter on the earnings and profits.
(3) Other pertinent statements, information returns, or other information the Income Tax Director may require.
(4) Federal Income Tax Schedules C, E and 1120 are required to be filed with the return if the taxpayer is required to file these schedules with the federal tax return.
(Ord. 62-04. Passed 11-22-04.)
(Ord. 62-04. Passed 11-22-04.)
(c) All extension requests for individuals must be received in the Coshocton Tax Office by April 15 of the filing year. The Income Tax Director may extend the time for filing the annual return, but not the payment of tax due, upon request of the taxpayer for a period not to exceed six months, or one month beyond any extension granted by the Internal Revenue Service for the filing of the federal income tax return. The Income Tax Director may require a tentative return, accompanied by payment of the amount of tax shown to be due thereon, by the date the return would normally be due. The Income Tax Director may deny the taxpayer’s request for an extension of time if the taxpayer fails to timely file a copy of the federal extension with the Coshocton Tax Office, owes the City any delinquent income tax or penalty, or has failed to file any required income tax return, report, or other related document for a prior tax period. As of 1-1-2005, a business or professional that has been granted an extension of time from the Internal Revenue Service shall not be required to notify any municipality of said extension, and shall not be required to file a tax return until the last day of the month to which the due date has been extended, provided that the Municipality is notified through the Ohio Business Gateway. If an extension is granted and the taxpayer did not make payment on tax due at regular due date, and following the filing of a return, owes to the City taxes, the following shall apply:
(1) All taxes imposed by this section and remaining unpaid after they become due shall bear interest, in addition to the amount of the unpaid tax, at the rate of 0.25% per month until paid in full.
(2) In addition to the interest provided in Section 191.05(c)(1), failure to file by extension deadline (November 1) will be charged a penalty of $25.00 or 10% of tax due, whichever is greater.
(Ord. 62-11. Passed 12-27-11; Ord. 62-12. Passed 12-17-12.)
(d) The resident taxpayer making a return shall, at the time of filing thereof, pay to the administrator the amount of taxes shown as due thereof, however, where the tax so due has been deducted at the source pursuant to Section 191.06 or where the tax has been paid by the taxpayer pursuant to Section 191.07 to another municipality the taxpayer may claim credit of these taxes limited to the amount paid to another municipality but in no event shall said credit be no more than tax rate of 1%, which represents 50% of Coshocton’s City tax rate. All City residents must complete and file a tax return regardless of whether any tax is due.
(Ord. 21-15. Passed 7-13-15.)
(e) A taxpayer who has overpaid the amount of tax to which the City is entitled under the provisions of this chapter may have the overpayment applied against any subsequent liability hereunder or, at his election indicated on the return, the overpayment, or part thereof, shall be refunded; however, no additional taxes or refunds of less than one dollar ($1.00) shall be collected or refunded.
(f) 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 or limitations contained in Section 191.11 and Section 191.15. The amended returns shall be on a form obtainable on request from the Income Tax Director. A taxpayer may not change the method of accounting or apportionment of net profits after the due date for filing the original return. Within three months from the final determination of any federal tax liability affecting the taxpayer’s tax liability to the City, the taxpayer shall make and file an amended return showing income subject to the income tax of the City based upon the final determination of federal tax liability, and pay any additional tax shown due thereof or make a claim for the refund of any overpayment.
(Ord. 62-04. Passed 11-22-04.)
(g) Taxpayers filing after April 15 without an extension will be charged a late file fee of $25.00.
(Ord. 62-12. Passed 12-17-12.)