Business

Who Must File:

  • C-Corporations: C-Corporations are required to file as entities on the net profit or loss derived from sales made, work done, services performed or rendered and business or other activities conducted in Mansfield, whether or not the corporation has a place of business in Mansfield.
  • S-Corporations: S-Corporations are required to file as entities on the net profit or loss derived from sales made, work done, services performed or rendered and business or other activities conducted in Mansfield, whether or not such corporation has a place of business in Mansfield.  If the S-Corporation has net income, the corporation must pay the tax due rather than the individual shareholders.  The individual shareholders of an S-corporation may not include any gain or loss on their individual returns.
  • Partnerships: Partnerships are required to file as entities on the net profit or loss derived from sales made, work, done, services performed or rendered and business or other activities conducted in Mansfield, whether or not such partnership has a place of business in Mansfield.
  • LLC9s):  A limited liability company is required to file consistent with its federal filing.  For example, if the LLC is recognized as a partnership at the federal level, it should file as a partnership at the local level.  Single member LLC’s that report net profit or loss on Federal form 1040, schedule C should file as an individual taxpayer at the local level.
  • Miscellaneous Entities:  Any undertaking, not specifically defined above, conducting activities or producing income, including but not limited to, rental of real estate and personal property, and a business conducted by a trust or guardianship of an estate that produces a net profit shall be subject to city income tax and is required to file a return as an entity.

 

 

Current Business Tax Forms and Instructions

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Business Instructions

Download Here

2017 Business Return

Download Here

Business Declaration of Estimated Taxes

Download Here

 

Prior Year(s) Business Tax Forms