Header Image

Income Tax Filing Tips and Facts

MANDATORY FILING:  All residents, 18 years or older must file a tax return with the City of Forest Park, even if no tax is due.   This includes those who rent, business owners, and property landlords.  Taxes are based on an individual's earned income.  Withholding tax is required for employees working in the City of Forest Park including those less than 18 years of age.

TAX RATE:  1.5% FOR 2016 Returns and the 2017 estimated tax.

TAX CREDIT CHANGE:  On 11/18/2013, City Council passed an ordinance that reduces the credit given to taxes paid to another municipality:

Effective 1/1/2014, residents will be given a 25% credit for taxes paid to other municipalities.  This allows for a maximum credit of .375% of taxes paid to another municipality based on a tax rate of 1.5% or higher.  If the tax rate of the other municipality is less than 1.5%, the taxpayer would only receive a credit up to 25% of that city's tax rate.

·         Example: 

o   In 2016, a Forest Park resident works in Cincinnati, earns $50,000/year,

o   Person has Cincinnati tax of 2.1% withheld from paycheck totaling $1,050.

o   Forest Park will now only allow a credit up to .375% of $50,000 or $187.50.

o   Total Forest Park Liability: $50,000 x 1.5% = $750 - $187.50 = 562.50 balance due. 

RIGHT CLICK HERE AND CLICK "SAVE LINK AS" for a 2016 W-2 Calculating Tool to assist you in estimating your Forest Park balance due for 2016 and your 2017 Estimated Tax Payments.

 

 DUE DATE 

·         Resident and individual 2016 tax returns are due April 18th, 2017.

·         Business operating on a calendar year end must submit Return by April 18, 2018.

·         Businesses operating on fiscal year end must submit Return 4 months after close of fiscal year.

·         Extensions are due on above dates but are only for filing of the return not payment of tax. 

REQUIRED FILING DOCUMENTS

·         W-2 Forms for all employers

·         Federal Tax Return (Form 1040, Pages 1-2)

·         Federal Schedules C, E, K-1 (If applicable)

·         Other Income Information (unemployment/welfare/disability/retirement/Social Security Benefits)

TAX FORMS

·         We strongly encourage you to file electronically. CLICK HERE

·         Click here for current year Individual Tax Forms.

·         Click here for current year Business Tax Forms.

INCOME TAX OFFICE HOURS

·       Tax Season:  March 1st -April 18th, Monday - Friday 8:00 AM - 4 :00 PM.

o   Extended Hours: Mondays and Thursdays (April 3, April 6, April 10, April 13, & April 17, 2017) and Saturdays (April 8 and April 15, 2016) from 9:00 AM - 2:00 PM. 

 

o   PLEASE NOTE: If you visit the Tax Office for assistance in filing your Forest Park return, you should be prepared for a long wait.  Walk-in taxpayers will be served in the order they arrive in the Tax Office.  We will stop accepting walk-in clients when we reach the number of persons we can serve by closing time and we may close early at the Tax Commissioner's discretion.

 

·      E-File Lab:  For your convenience, we are also offering an e-file lab in the City building for you to electronically file your 2015 Forest Park tax return.  The lab will be open April 3 - April 18, Monday through Friday, from  8:15 AM - 4:00 PM on a first come, first serve basis.  The lab hours the week of April 3 - April 7 will be by appointment only; please call 595-5261 to reserve a seat.

 

·      Non Tax Season:  Excluding Dates above, Monday, Wednesday Friday 8:00 AM - 4 :00 PM.


Recent News

More | Subscribe to this feed

Related Pages of Interest

2016 Withholding Reconciliation Form2016 Electronic Filing of W-2 InstructionsTaxpayer Bill of Rights
2016 NEW Tax Ordinance2016 Tax Information and Residential Flyer2014 Individual Extension Request
2014 Annual Income Tax Update2014 Notice to Employers
Subscribe to this feed