(A) All business entity returns for the preceding taxable year shall be made by April 15 of each year, except returns made on the basis of a fiscal year, which shall be made by the fifteenth day of the fourth month following the close of the fiscal year. Blank forms for returns shall be supplied by the city or its designated agent.
(B) Every business entity shall submit a copy of its federal income tax return and all supporting statements and schedules at the time of filing its occupational license tax return with the city. Whenever, in the opinion of the city, it is necessary to examine the federal income tax return of any business entity in order to audit the return, the city may compel the business entity to produce for inspection a copy of any statements and schedules in support thereof that have not been previously filed. The city may also require copies of reports of adjustments made by the federal government.
(C) Every business entity subject to an occupational license tax governed by the provisions of this chapter shall keep records, render under oath statements, make returns, and comply with rules as the city from time to time may prescribe. Whenever the city deems it necessary, the city may require a business entity, by notice served to the business entity, to make a return, render statements under oath, or keep records, as the city deems sufficient to determine the tax liability the business entity.
(D) The city may require, for the purpose of ascertaining the correctness of any return or for the purposes of making an estimate of the taxable income of any business entity, the attendance of a representative of the business entity or of any other person having knowledge in the premises.
(E) The full amount of the unpaid tax payable by any business entity, as appears from the face of the return, shall be paid to the city at the time prescribed for filing the occupational license tax return, determined without regard to any extension of time for filing the return. The taxpayer, at his or her option, may prepay any license tax due.
(F) It shall be the responsibility of persons who make IRS Form 1099 “non-employee compensation” payments to natural persons other than employees for services performed within the city, to maintain records of such payments and to report such payments to the city. Those payments must be reported on by remitting IRS Form 1099 by February 28 of the year following the close of the calendar year in which the non-employee compensation was paid. If a business entity or person is not required to remit IRS Form 1099 to the IRS, including but not limited to those making non-employee payments of less than six hundred dollars ($600.00), such entity or person is nevertheless required to remit the equivalent information to the city. The information required to be reported by such entities or persons shall include:
(1) Payer’s name, address, social security and/or federal identification number;
(2) Recipient’s name and address;
(3) Recipient’s social security and/or federal identification number;
(4) Amount of non-employee compensation paid in the calendar year; and
(5) Amount of non-employee compensation earned in the city for the calendar year.
(Ord. 0-2008-002, passed 1-14-08) Penalty, see § 115.99