The following business enterprises must file an annual return on Form BR-25 and a Declaration of Estimated Tax for the current year on Form BR-21:
ASSOCIATIONS deriving income from work done or services performed or rendered and business conducted in Columbus. Taxable income for Associations with special allocations of ordinary income will be based on positive partner allocations before negative partner deductions.
CORPORATIONS and FIDUCIARIES (ESTATES and TRUSTS) deriving income (or losses) from work done or services performed or rendered and business conducted in Columbus.
All taxpayers engaged in business must file an annual return, even if a loss is claimed on the business. A declaration of estimated city income tax is required for all business entities.
When a return is not required to be filed with the Columbus Income Tax Division.
Nonprofit businesses (as defined in I.R.C. Section 501(c) are not required to file an annual city tax return if a copy of the organization's approved I.R.S. determination letter is on file with the City. However, should such a business have unrelated business income (as defined in I.R.C. Section 512), said business is required to file a city income tax return and pay tax thereon.
Note: That associations whose only activity is as an investment club must file a city income tax return, even though profits earned from this kind of enterprise are non-taxable.