Im serving in a fiduciary capacity. What is my responsibility for filing?
Trusts and estates conducting business within the City are required to file a Solon Municipal Income Tax Return (i.e., a business return) and report, at the entity level, all net profits or losses earned or incurred as a result of business activity conducted within Solon. Tax is due on the net profits reported as earned in the City. Because the tax is paid at the entity level of the trust or estate, beneficiaries are not required to pay city tax on income derived from trusts or estates.
Trusts and estates conducting business within the city are required to file a Dublin business return and report, at the entity level, all net profits or losses earned or incurred as a result of business activity conducted within the city. Tax is due on the net profits reported as having been earned in the city. Since the tax is paid at the entity level of the trust or estate, beneficiaries are not required to pay city tax on income derived from trusts or estates.
Trusts and estates conducting business within the city are required to file a Maumee business return and report, at the entity level, all net profits or losses earned or incurred as a result of business activity conducted within the city. Tax is due on the net profits reported as having been earned in the city. Since the tax is paid at the entity level of the trust or estate, beneficiaries are not required to pay city tax on income derived from trusts or estates.
