Frequently Asked Questions
Below you will find information that might help you understand how to find things or learn about information you might need to know about your city or town.
Finance
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Finance
Net losses cannot be off set against wage income. Loss from one business may be off set against profit from another business operated by the same individual.
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A complete return includes completing all appropriate areas of the return, attaching all supporting schedules and documentation (i.e., W-2, Schedule C, E, 1120, 1065-K, ect.)Finance
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Penalties and interest are assessed when payments due are received after the due date. In case of estimate payments an amount will be assessed at the time the return is filed if total credits do not equal 90% of the total sum.Finance
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Finance
For calendar year taxpayers, the filing deadline is April 15, extended as necessary for weekends and Emancipation Day.
Fiscal year taxpayers should file on or before the 15th of the fourth month following the close of the fiscal year. Total amount shown due on the return must be paid when return is filed.
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Households earning less than $35,000 are eligible to receive income tax preparation assistance.Finance
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When, for good cause, a return cannot be filed in a timely manner, an extension may be granted. An extension is for filing a return, not for payment of the tax and therefore an estimate amount of tax must be paid with the request. Amounts paid after the original due date of the return are subject to interest and/or penalties as provided by ordinance.Finance
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Finance
Individual having income subject to the tax from which the full tax was not withheld (Form RI) and corporations, partnerships, trusts, estates, and other entities conducting business or performing services in the City of Dayton regardless of profit or loss (Form RB).