City Of St Louis Tax Form – Fill Out and Use This PDF

OFFICE OF THE COLLECTOR OF REVENUE

CITY OF ST. LOUIS

EARNINGS & PAYROLL TAX DIVISION

1200 MARKET STREET, ROOM 410

ST. LOUIS, MO 63103

INSTRUCTION AND INFORMATION SHEET FOR FORM E-234

CHAPTER 5.22., REVISED CODE, CITY OF ST. LOUIS, 1980

1.WHO MUST FILE: The annual Earnings Tax Return, Form E-234, must be filed by every resident or non-resident individual, partnership, (which includes a joint venture, pool, syndicate, LLC, etc.) or corporation regardless of profit or loss, who or which maintains a business or professional office, branch office, warehouse, inventory or conducts any type of business (including self- employment), service or other activity or operation within the City of St. Louis. A city resident who maintains a business or is a partner in a business outside of the City of St. Louis is subject to the Earnings Tax. All 1099-MISC Income is reported on Form E-234.

2.WHERE TO FILE: This return and total remittance, made payable to Gregory F.X. Daly, is to be filed with the Collector of Revenue, Earnings Tax Division, 1200 Market Street, Room 410, St. Louis, Missouri 63103-2841.

3.FILING DATE: A calendar year return must be filed on or before April 15 of the year following the calendar year for which tax is due. Fiscal year returns must be filed within 105 days after close of fiscal year.

4.PENALTY AND INTEREST: All taxes not paid when due will be subject to a penalty of 5% of the amount of tax for each month,or fraction thereof (not to exceed 25%) plus interest at the rate of 1% per month or fraction thereof (12% per year), until tax is paid. Penalty and Interest assessed if extension prepayment is not 90% of Tax Due.

5.EXTENSIONS OF TIME TO FILE: Requests for extension of time to file Form E-234 with estimated payment of taxes must be made prior to due date, on Extension Form E-8. For an extension to be approved all City taxes are to be paid and up to date. Send request to: Collector of Revenue, Extension Section, 1200 Market Street, Room 410, St. Louis, MO 63103. This does not extend your time to pay. Receiving a Federal Extension does not automatically extend your City filing date.

6.INCOMPLETE RETURNS: All schedules MUST be completed or noted as “Not Applicable” (N/A). Incomplete, frivolous, illegible or unsigned returns will be returned to the taxpayer, subject to penalty and interest if the return is filed after due date.

7.TAXPAYER’S I.D. NUMBER: Employers of one or more persons, partnerships and corporations must show their Federal Employer Identification Number (FEIN) and non-employers must show their Social Security Number (SSN) above the name section on the front page of the return.

8.NAME AND ADDRESS: Please complete in area provided.

9.BUSINESS TYPE: Check appropriate line and complete boxes marked “Principal Business Activity” and, if applicable, due month change, amended return, changes in address or account terminated.

10.SECTION A - NET PROFIT (OR LOSS): This schedule will determine the net profit (or loss) of the business. Complete all lines. The amounts that are entered on Lines 2, 4, and 6 MUST be supported by attaching separate schedules. You, the taxpayer, may elect to attach copies of your Federal Return and Schedules, or you may attach your P & L statement to support these figures.

A.Commissions, fees, etc. are taxable and should be reported as other income.

B.Interest, royalties and rent derived from that specific conduct of business or other activity are subject to City Earnings Tax except (1) dividends, and (2) interest upon the obligations of the State of Missouri, or any political subdivision thereof of the

United States or its possessions. Report as other income.

C.Capital Gains (or Losses): Capital gains are taxable in full and capital losses are deductible in full, where property sold constitutes a business asset. Report as other income (or loss).

D.Operating Loss Carryover or Carryback is not applicable towards computing Earnings Tax.

E.Business Expense Deductions – Allowable and Non-Allowable: All necessary expenses of operation are allowable

deductions from gross receipts. Non-allowable deductions are: Federal and State Income Taxes, City Earnings Tax, contributions, life insurance premiums including those on partners or corporate individuals, corporate dividends, withdrawals and other charges to capital or surplus. Only 50% of business “meal and entertainment” expense is deductible. Guaranteed

Payments to Partners are not an allowable expense item, and are to be included in the net profit of the partnership. Non-Allowable deductions that are made will be disallowed and additional tax will be assessed.

F.A non-resident business or profession, either an individual or a partnership, which maintains a place of business or office, either outside the City of St. Louis or both inside and outside the City of St. Louis and transacts business both inside and outside of the City, shall be entitled to an apportionment or allocation of its net profits. A corporation shall be entitled to an allocation whether or not such corporation has an office or place of business in the City.

G.Taxpayers using the Allocation Formula MUST complete (where applicable) the Section B worksheet and attach a list of business locations.

H.If the taxpayer claims an allocation on the basis of other locations, the taxpayer must be prepared to prove that the place of business or office is an established, self-sustaining, bona fide location. Factors to consider as proof of location could be: personnel, inventory, office equipment, signage, telephone listing, where records are kept or other such factors as may be determined by the Collector of Revenue.

I.Allocation – Alternative Method: If a different basis of allocation is to be used, the taxpayer MUST attach a schedule showing in detail the method used in determining the amount of net profit allocable to the City of St. Louis. This alternative formula MUST have the approval of the Collector of Revenue prior to submission of the return. This approval is subject to revision or cancellation by the Collector at any time.

J.Partner’s Share of Net Profit: Partnerships doing business partly within the City MUST complete both parts of Section B.

11.SECTION A-1 - BUSINESS EXPENSE DEDUCTION: List allowable expenses or attach separate list. If you elect to attach a copy of your Federal Return to satisfy this instruction, please only attach the following:

For an individual in business, please attach either the Schedule C-EZ or C with any additional list of expenses that may have been used.

For a Partnership attach the 1065, Schedule A Cost of Goods Sold, Schedule K Distributive Share Items, and any statements that substantiate the deductions listed on these forms.