(a) On or before April 15 of the year following the effective date of this section, and on or before April 15 of each year thereafter, every taxpayer engaged in any business within the Village, the net profits of which are subject in whole or in part to the tax imposed by this chapter, shall, whether or not a tax be due thereon, make and file with the Tax Administrator a final return on a form furnished by or obtainable from said Tax Administrator.
On or before April 15 of the year following the effective date of this section, and on or before April 15 of each year thereafter, each taxpayer, except as otherwise provided herein, shall, whether or not a tax be due thereon, make and file with the Tax Administrator a final return on a form furnished by or obtainable from said Tax Administrator. Like returns shall be filed at the same time and in the same manner by all persons whose wages, salaries, bonuses, incentive payments, commissions, fees and other compensation received during the preceding taxable year are subject to the tax imposed by this chapter. However, where an employee's entire earnings for the year are paid by an employer and the Village tax thereon has, in each instance, been withheld and deducted by the employer from the gross amount of the entire earnings of such employee-taxpayer, and where the employer of such employee has filed a report or return in which such employee's entire and only earnings are reported to the Tax Administrator, and where such employee has no taxable income other than such earnings, it shall not be necessary for such employee to file a return for any taxable year in which such conditions have prevailed.
Any person who receives compensation for services performed for an employer, in any form, and, in addition, income from any business activity or occupation not subject to withholding under this chapter, must file a declaration and a final return.
(Ord. 888. Passed 9-16-97.)
(b) In all returns filed hereunder there shall be set forth the aggregate amount of salaries, wages, bonuses, incentive payments, commissions, fees and other compensation received, and/or net profits earned, by and during the preceding year and subject to such tax, together with such pertinent information as the Clerk-Treasurer may require.
(c) The return shall also show the amount of the tax imposed by this chapter on such earnings, or net profits, or both.
(d) The taxpayer making the return shall, at the time of filing thereof, pay the Clerk-Treasurer the amount of tax shown to be due and unpaid by the return. If the taxpayer has, at the time of making such final return, overpaid his or her tax, such taxpayer shall show the amount of overpayment and may, in such return, request a refund therefor or request that the amount thereof be credited against the amount which will be required to be paid by the taxpayer on the next succeeding installment of tax which may become due.
(e) Where any portion of the tax otherwise due has been paid by the taxpayer pursuant to the provisions of Regulation IV-A of Resolution 10-78, passed December 5, 1978, or where an income tax has been paid to another municipality, pursuant to Section 880.13, credit for the amount so paid 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 such final return.
(f) Upon written request of the taxpayer, the Clerk-Treasurer may extend the time for filing the annual return for a period of not more than six months or not more than thirty days beyond any extension requested of and granted by the Federal Internal Revenue Department for the filing of the Federal Income Tax Return.
(Ord. 654. Passed 12-5-78.)