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AutoCalc Net Profit Tax Form

Instructions

This form may not work in all situations. Some of these are listed below.

PLEASE READ THESE GUIDELINES BEFORE PROCEEDING WITH YOUR FILING.

You cannot use this form if any of the following situations apply:

• You do not have Microsoft Excel installed on your computer.
• The business is a disregarded entity filing for federal purposes on Schedule C or E (Form 1040).
• The business is a regulated investment company.
• The business needs to allocate income to more than five RITA municipalities.
• The federal return reports flow-through capital gains and/or losses from a partnership.
• The business is a partnership with more than five (5) partners.
• The business is a non-C corporation that paid a single employee in excess of $1 million in compensation.
• The federal return reports a capital loss carryback.
• The business is claiming a municipal net operating loss generated more than five (5) tax years ago.
• The business claimed a deduction for contributions not subject to the 10% taxable income limit (Example: Hurricane Katrina contributions).
• The business is a non-C corporation that could claim a deduction for charitable contributions and one or more of the following apply:
  • The business claimed an IRC 249 deduction related to the cost of borrowing to repurchase bonds it issued.
  • If the business was a C corporation, it would have claimed a domestic production activities deduction.
• The business is filing a consolidated return.  This worksheet was not designed to support consolidated returns.
• The business is filing a short-year return.
• The business is a partnership that has made a section 754 election.

If you are able to use this form, in addition to the normal instructions for R.I.T.A. Form 27, please observe the following guidelines:

• This form is for tax years beginning on or after January 1, 2004 and ending prior to January 1, 2012.
• Use drop down city name menus in all selections.
• Rounding is required when using this form.
• You must print out the returns and supporting schedules using Excel’s print command.

Print and mail with payment to R.I.T.A., P. O. Box 89475, Cleveland, Ohio 44101-6475. Do not send via email. Be sure to sign your return and include a copy of your federal return and applicable schedules.

Download R.I.T.A.'s Auto Calculation Net Profit Tax Form