[Adopted 1-29-1992]
A.
All residents and employers within the Athens Township
are subject to these rules and regulations and to the earned income
tax resolution and ordinance of the coterminous school district levying
a tax on earned income and net profits.
B.
The tax resolution and ordinances and these rules
and regulations are continuing ones, applicable until changed by the
Township. Copies of the original tax resolution and ordinances may
be examined at the Income Tax Office.
Credit for the earned income or net profits
tax paid for the concurrent time period to another state or political
subdivision will be allowed as a deduction from the liability of taxpayers
for the tax imposed under the provisions of the resolution and ordinances.
Such credit must first be applied toward the taxpayer's liability
for Pennsylvania personal income tax for the same period. The balance
of the credit will be allowed up to the maximum effective rate of
the tax levied by the Township. Evidence of the amount of gross earnings
and payment of the applicable tax on earned income or net profits
to another state or political subdivision for the concurrent time
period is required before such credit is allowed. The maximum amount
of credit allowed will be to the extent of the earned income tax rate
times the taxable income or net profits earned in another state or
political subdivision.
A declaration of estimated tax will not be required
unless the anticipated taxable income for the current taxable year
exceeds $7,999.
Business expenses for which an employee has
not been reimbursed are allowed as a deduction from earned income
to the extent provided by Federal Form 2106, without the twenty-percent
meal exclusion.
Taxpayers are not allowed to offset a gain in
one business activity against a loss in another business activity.
However, a taxpayer who is employed and receives a wage or salary
may offset against such income the losses incurred in the operation
of a business, profession or farm as a sole proprietor or partner.
Los may be applied only in the year in which the loss was actually
incurred and may not be carried over to subsequent years or carried
back to prior years. A taxpayer's losses may not be deducted from
the taxpayer's spouse's earnings.
A delinquent cost of $10 will be charged for
each annual tax return filed after its due date of April 15.
Payment is not required of balances due of less
than $1. Refund requests will not be honored for amounts less than
$1.
