(a) On or before April 30, 1989, every taxpayer engaged in any business, the net profits of which are subject in whole or in part to the tax imposed by this chapter, shall make and file with the Village Tax Administrator, a final return on a form furnished by or obtainable from the Tax Administrator. Thereafter, each such taxpayer shall, on or before April 30 of each subsequent year, make and file a final return with the 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 the chapter. However, where an employee's entire earnings for the year are paid by an employer and the one percent (1%) 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 received both compensation for services performed for an employer in whatsoever form and in addition receives income from any business activity or occupation not subject to withholding under the chapter must file a declaration and a final return.
(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 (all as hereinbefore defined) by and during the preceding year and subject to such tax, together with such pertinent information as the Tax Administrator may require.
(c) If the return is made for a fiscal year or for any period other than a calendar year, the return shall be made within four months from the end of such fiscal year or other period.
(d) The return shall also show the amount of the tax imposed by the chapter on such earnings or net profits or both.
(e) The taxpayer making the return shall at the time of filing thereof, pay to the Village the amount of tax shown to be due and unpaid by the return. If, pursuant to the provisions of Section 183.19 the taxpayer shall show the amount of overpayment and may in 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 be due.
For payments in installments, see Section 183.19.
(f) Where any portion of the tax otherwise due shall have been deducted at the source and shall have been paid to the Village by the person making the deduction, a credit equal to 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 the filing of the return.
(g) Upon written request of the taxpayer, the Village Tax Administrator 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 Bureau of Internal Revenue for filing of the Federal income tax return.
(Ord. 1195-88. Passed 4-11-88.)