SOUTH FRANKLIN RESIDENTS
INSTRUCTIONS FOR FILING EARNED INCOME TAX FINAL RETURN
| Tax Resolution | The Earned Income Tax of
the McGuffey School District and the ordinance of South
Franklin Township require filing of the Earned income Tax Final Return. FILING DEADLINE — APRIL 15TH. |
| Who Must File | EVERY
RESIDENT OF SOUTH FRANKLIN TOWNSHIP, MCGUFFEY SCHOOL
DISTRICT WHO HAD TAXABLE INCOME DURING ANY PART OF THE YEAR MUST FILE A FINAL RETURN. THIS RETURN MUST BE FILED EVEN THOUGH YOUR TAX WAS FULLY WITHHELD WITH NO TAX DUE OR YOU HAD NO TAXABLE INCOME DURING THE YEAR. EACH TAXPAYER MUST FILE AN INDIVIDUAL RETURN. JOINT FINAL RETURN WILL NOT BE ACCEPTED. BE SURE TO SIGN THE TAX OFFICE COPY OF YOUR RETURN — ANY FILING RECEIVED WITHOUT THE PROPER SIGNATURE WILL NOT BE CONSIDERED FILED. |
| If You Had NO Taxable Income | If you received a Final
Return but had no taxable income for the tax year, enter
"0" on Line 1 and list the (e.g., retired, disability, housewife, active military duty, etc.) Sign the form and return it to us. |
| Partial Year Resident | If you were a resident
for only a portion of the tax year, you are required to
file a Tax Return with this office, listing the applicable portion of the earnings for the pay period indicated. |
| Time to File | Mail completed Returns to the Tax Office, or file your return in person at the Tax Office in the South Franklin Twp. Park. |
| Social Security Number | Verify the Social
Security number printed on your Final Return for
accuracy. If the Social Security number Is incorrect, show your correct Social Security number in space provided. |
| Taxable Income | Salaries, commissions,
bonuses, honoraria, incentive payments, fees, tips,
payment/contributions made to an annuity or deferred income plan and other compensation or remuneration such as vacation pay, severance pay, annual holiday or separation pay, Military Reserve and Guard pay (except active duty when a copy of orders isenclosed), fellowship, patent and royalty income, jury duty, sick pay (other than third-party sick pay), net profit from the operation or ownership of a business, profession or other activity, and profit distributions. |
| Non-taxable Income | INTEREST, dividends,
Social Security payments, pensions, retirement
distributions, insurance proceeds, gifts, bequests and inheritance, active military pay, third-party sick pay, worker's compensation, capital gains, lottery winnings, income from investments partnership, and unemployment compensation. |
| Business Expense Deduction | Unreimbursed business
expense may only be deducted from compensation if a copy
of your State UE-1 or UE-2 Form (and Form 2106 if applicable) Is attached to your Return, These unreimbursed expenses are ordinary, actual, reasonable and necessary business expenses paid or incurred by employees in connection with employment, and which may be deducted from gross wages on the taxpayer's Pennsylvania Income Tax Return. |
| Losses | A LOSS
incurred from a profession, buslness activity, or
venture, regardless of nature, MAY NOT BE DEDUCTED from the net profit of any other business activity. Losses may be deducted from earned income and reported on Line 6, |
| Profits | Net Profits from a
business are to be determined with reference only to the
gross income and expenses of THAT business, without MIXING the income of one enterprise with the expense of another enterprise. Sch. K-1 (1120-S) is not taxable In most cases. However, you must file a copy of your Sch. K-1 (1120-S) with your local tax office when filing your return |
| Payments | Payments of less than $1.00 are not required. |
| Refunds | Refunds of less than
$5.00 will not be made. A refund will not be issued if
proper documentation (all W-2's, UE-1,UE-2 and other required forms) is not attached to Final Return |
| Bad Checks | A $10.00 penalty will be levied each time a check is returned by the bank. |
| Penalties Quarterly | QUARTERLY
PAYMENTS ARE MANDATORY - FAILURE TO HAVE PAID 80% OF TAX
DUE THROUGH TIMELY QUARTERLY PAYMENTS WILL RESULT IN A PENALTY & INTEREST CHARGE OF 1% PER MONTH FROM QUARTERLY DUE DATES. April 15, July 15, Oct 15 and Feb, 15. |
| Late Filing Fee | A $15,00 late filing fee will be charged if filing has not been received at this office by May 15. even if no tax is due. |
| Failure to File | Failure to receive a Tax
Return does not relieve you of the responsibility to file
a Return. Failure to file may result in a fine of up to $500. |
| Extension of Time to File | A Federal and/or State
granted extension to file DOES NOT automatically give you
an extension to file your local tax return To receive a 4 month extension of time to tile, you must file an Estimated Return with this office by April 15th. Boldly mark "Estimated Filing - 4 Month Extension Requested" on the face of your return. You must pay in full, on or before April 15th the amount estimated to be your local tax due. For an additional extension over 4 months, you must submit to this office a copy of an approved Federal Form 2688 or PA State Form Rev-276 before the end of your 4 month extension. |
| Information & Assistance | If you have any questions
or need assistance in filing this Return, please call
the Tax Office at 225-4829 You are entitled to receive a written explanation of your rights with regard to the audit, appeal, enforcement, refund and collection of local taxes by calling South Franklin Township at (724) 225-4828 during the hours of 9:00 a.m. and 4:00 p.m. Monday through Friday. |
WHY MUST I FILE A LOCAL TAX RETURN? 1. IT IS THE LAW — BY
RESOLUTION OF THE McGUFFEY SCHOOL DISTRICT AND THE
ORDINANCE OF SOUTH FRANKLIN TOWNSHIP - 2. IT IS REQUIRED BY THE AUDITORS 3. NEEDED TO VERIFY THAT THE CORRECT AMOUNT HAS BEEN RECEIVED FROM EMPLOYERS WHEN WITHHELD. 4. CANNOT DISCRIMINATE — APPLIES TO ALL RESIDENTS WITH EARNED INCOME |
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