FILING IS A MANDATORY OBLIGATION EVEN IF NO MONEY IS DUE.
What is the tax rate? - The tax rate is 1% on gross earnings.
WHO MUST FILE:
RESIDENTS - All Newton Falls residents 18 years of age and over are required to register and report income with the Newton Falls Income Tax Office, 419 N. Center St,. Newton Falls, Ohio 44444-1307. All residents must file regardless if you are employed, unemployed, on welfare, on A.D.C., etc.
NON-RESIDENTS - Non-residents who received a salary, wages, commissions, and other earned income for work done or services performed or rendered within the city limits of Newton Falls. Non-residents who own rental property within Newton Falls city limits. The tax is computed on net income after allowable expenses.
SOME INCOME IS NOT TAXABLE. Some examples: Interest, Dividends, Patents, Copyrights, Active Military pay. Pensions, Social Security, Capital Gains, Workmen’s Compensation Insurance, Poor Relief, Unemployment Insurance Benefits, Proceeds of Insurance. Permanent disability and retirement when proof received.
NEWTON FALLS RESIDENTS UNDER 1$ YEARS OF AGE do not have to file with Newton Falls Tax Office. Any taxes withheld while under 18 years of age are refundable - birth certificate or drivers license required.
ADJUSTMENTS TO INCOME Schedule 2106 - Employee business expense must be supported with a copy of Federal Income Tax Schedule A to validate this deduction. Payments to IRA, Keogh, deductions when married couples both work, etc., are not permitted.
EMPLOYERS LOCATED OUTSIDE NEWTON FALLS, such as contractors who do business within the municipality, are required at the time of payment of salary or wages, to deduct the tax of 1 % of the gross amount earned in the municipality
EVERY EMPLOYER IN THE MUNICIPALITY is required to deduct and withhold the tax for employees and is liable directly to the municipality for payment of the tax whether or not actually collected.
NEWTON FALLS RESIDENTS EMPLOYED IN ANY OTHER CITY with a tax rate less than Newton Falls must pay difference of rates to their resident City of Newton Falls.
NEWTON FALLS ALLOWS TAX CREDIT for taxes withheld and/or paid to another city or village up to and including 1 % only. Tax credit should not exceed 1 % unless withheld for Newton Falls. Return must be filed by April 15th of each year_
IF THE FULL 1% IS NOT BEING WITHHELD, an estimate must be filed by April 15th of each year and paid quarterly. The first quarterly payment of at least 22Y2% must accompany the estimate. Statements will be mailed out quarterly, see schedule below for due dates.
IF TOTAL GROSS RENTS RECEIVED IN ANY MONTH AMOUNT TO $100.00 OR MORE, the total net income is subject to the tax for that year.
WHEN AND WHERE TO FILE:
1. Calendar year taxpayers by April 15.
2. Fiscal year taxpayers within 90 days of fiscal year- end.
3. Mail completed return with all legible W-2 forms and all federal schedules attached.
NOTE: Schedule of Due Dates for quarterly payments on estimate
FILING EXTENSIONS:
Send a copy of your federal extension by April 15th and we will grant an equal extension of time. If we do not receive notification you will be considered delinquent and charged penalty and interest.
INDIVIDUALS
First Quarter April 15
Second Quarter July 31
Third Quarter October 31
Fourth Quarter January 31
NON-INDIVIDUALS
First Quarter April 15
Second Quarter June 15
Third Quarter September 15
Fourth Quarter December 15
MAIL TO:
NEWTON FALLS INCOME TAX 419 N. CENTER STREET NEWTON FALLS, OH 44444-1370
FOR FURTHER INFORMATION: Call the tax office at (330) 872-0080
OFFICE HOURS: Monday through Friday 8:00 a.m. to 4:30 p.m.
BALANCES DUE UNDER $1.00 NEED NOT BE PAID - REFUNDS UNDER $1.00 WILL NOT BE MADE
