What income should an Incorporated business report?
An Incorporated business should report all income earned for work performed in the City. If you performed work both inside and outside the City limits, an allocation may need to be made on page 2, Schedule Y of Form BR to determine the taxable portion to the City of Middletown.

Show All Answers

1. Does a business have to file a return?
2. How should S-Corporations and Partnerships report their profits?
3. What income should an Incorporated business report?
4. What income should an Unincorporated (sole proprietor) business report?
5. How is taxable income determined for businesses?
6. How are net operating losses treated?
7. Can I combine reporting for multiple business' on a single tax return?