Tax returns are due on April 15th of the subsequent year. Returns are calculated based on qualifying wages, commissions, compensation and other taxable income earned or received by a resident or by a non-resident for work done, services performed or rendered in Amberley Village. Taxable income also includes gambling winnings, rents from property and/or any other profit from businesses. Social security, pensions, interest and dividends are not taxable. Credit for taxes withheld/paid to other municipalities is available to residents of Amberley Village and is limited to 2% of the amount of income on which tax was withheld/paid. Please refer to our Income Tax Ordinance.
Also, 90% of your tax liability is required to be paid by January 15th of the year following the tax year in question. If you anticipate that you will owe tax, you MUST file and pay a quarterly estimate in order to avoid penalty and interest. Estimate payments are due in (4) quarterly installments, due on April 15th, June 15th, September 15th and January 15th.
An extension for filing the annual Amberley Village income tax return may be requested by an individual by submitting a written request or providing a copy of the Federal extension to the Tax Department prior to the due date of the return. However, the extension, if granted, for filing the annual Amberley Village income tax return does not extend the date for payment of the tax. Penalty and interest are assessed for late filing and payment.
Tax returns are due on April 15th of the subsequent year for calendar year businesses and within four (4) months of the fiscal year-end for fiscal year businesses. Please refer to our Income Tax Ordinance.
Also, 90% of the tax liability is required to be paid by January 15th of the year following the tax year in question (or 30 days past the year-end for fiscal year filers). If anticipated that tax will be owed, a quarterly estimate must be filed and paid in order to avoid penalty and interest. Estimate payments are due in (4) quarterly installments due April 15th, June 15th, September 15th, and December 15th per Ohio Revised Code 718.08.
An extension for filing the annual Amberley Village income tax return may be requested by businesses by submitting a written request or providing a copy of the Federal extension to the Tax Department prior to the due date of the return. However, the extension, if granted, for filing the annual Amberley Village income tax return does not extend the date for payment of the tax. Penalty and interest are assessed for late filing and payment.
Business Withholdings
The Amberley Village Tax Ordinance requires the withholding of the 2% earnings tax from the gross wages paid to any employee who works in Amberley Village. Employers are liable for this tax whether or not it has been withheld. The amounts withheld are considered held in trust for Amberley Village and must be remitted on a quarterly basis, due one month after the end of the quarter. Failure to withhold and remit local tax for employees will result in interest and penalty assessments on the tax owed.
An Annual Reconciliation form that reconciles all the withholding payments made to Amberley Village with the withholding on the W-2’s is due by February 28th of the following year. Copies of all W-2’s involved with Amberley Village must be attached to the reconciliation.