(a) Each person eighteen years of age or older who is or was a resident of the Village at any time during a taxable year, whether or not a tax is due thereon, shall make and file a return on or before April 15 of each year. When the return is made for a fiscal year or other period different from the calendar year, the return shall be filed within 105 days from the end of such fiscal year or period.
(b) The return shall be filed with the Tax Administrator on a form or forms furnished or obtainable upon request from the Tax Administrator or on other forms deemed acceptable by the Tax Administrator, setting forth:
(1) The aggregate amounts of income, salaries, wages, commissions, and other compensation earned or received, credits to which the taxpayer is entitled, and gross receipts from any business, profession, or other activity, less allowable expenses.
(2) The amount of the tax imposed by this chapter on such income and net profits.
(3) Copies of all W-2 forms and 1099 Miscellaneous Income forms.
(c) The Village Income Tax Department shall accept a generic form of its annual income tax return if the generic form, once completed and filed, contains all of the information required to be submitted with the Village's prescribed returns, reports or documents, and if the taxpayer or preparer of the return filing the generic form otherwise complies with the rules or ordinances of the Village governing the filing of returns, reports or documents.
(d) The Tax Administrator may grant an extension for filing the annual return upon the request of the taxpayer for a period not to exceed six months, or one month beyond any extension requested or granted by the Internal Revenue Service for the filing of the Federal Income Tax Return. For taxable year 2004 the extended due date shall be the last day of the month following the month to which the due date of the Federal Income Tax Return has been extended. For taxable years subsequent to 2004 the extended due date shall be the last day of the month to which the due date of the Federal Income Tax Return has been extended. The extension request may be made by filing a copy of the taxpayer's request for a Federal filing extension, or by filing a written request. The Tax Administrator may deny the extension if the taxpayer's income tax account with the Village is delinquent in any way. The Tax Administrator may require a tentative return, accompanied by payment of the amount of tax shown to be due thereon by the date return is normally due.
(e) Payment of Tax.
(1) The taxpayer making a return shall, at the time of the filing thereof, pay to the Tax 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 Section 181.06, or where any portion of said tax shall have been paid by the taxpayer pursuant to the provisions of Section 181.08, or where an income tax has been paid to another municipality pursuant to the provisions of Section 181.07, credit for the amount so paid in accordance with Sections 181.06, 181.07, and 181.08 hereof 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 said return.
(2) 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. However, no additional taxes or refunds of less than five dollars ($5.00) shall be collected or refunded. (See Section 181.12(c) and (d)).
(f) 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 Sections 181.07 and 181.12. Such amended returns shall be on a form obtainable on request from the Tax Administrator. A taxpayer may not change the method of accounting (i.e., cash or accrual) 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, State, or municipal income tax liability affecting the taxpayer's Village tax liability, such taxpayer shall make and file an amended Village return showing income subject to the Village tax based upon such final determination of Federal, State, or municipal income tax liability, and pay any additional tax shown due thereof or make claim for refund of any overpayment.
(g) Retirees and individuals on permanent disability, having no taxable income, shall be exempt from this filing requirement. This exemption from filing shall be in effect until such time that the retiree receives taxable income, for municipal income tax purposes, at which time the retiree shall be required to comply with the provisions of this section.
(h) Resident taxpayers who are under eighteen years of age at the end of the taxable year shall not be required to file a tax return.
(i) Any business, profession, association or corporation reporting a net loss is subject to the filing requirements of this section.
(Ord. 2002-18. Passed 11-4-02; Ord. 2004-35. Passed 12-20-04; Ord. 2010-05. Passed 7-6-10; Ord. 2013-03. Passed 5-6-13; Ord. 2013-07. Passed 9-16-13.)