This is a legal form that was released by the Income Tax Department - City of Grand Rapids, Michigan - a government authority operating within Michigan. The form may be used strictly within City of Grand Rapids. As of today, no separate filing guidelines for the form are provided by the issuing department.
Q: What is Form GR-1065 Schedule RZ?
A: Form GR-1065 Schedule RZ is a tax form used by partnerships in Grand Rapids, Michigan to claim the Renaissance Zone Deduction.
Q: What is the Renaissance Zone Deduction?
A: The Renaissance Zone Deduction is a tax incentive provided by the City of Grand Rapids to businesses operating in designated renaissance zones.
Q: Who can use Form GR-1065 Schedule RZ?
A: Partnerships operating in Grand Rapids, Michigan and eligible for the Renaissance Zone Deduction can use Form GR-1065 Schedule RZ.
Q: What information is required on Form GR-1065 Schedule RZ?
A: Form GR-1065 Schedule RZ requires partnerships to provide details about their business and the Renaissance Zone Deduction they are claiming.
Q: When is the deadline for filing Form GR-1065 Schedule RZ?
A: The deadline for filing Form GR-1065 Schedule RZ is usually the same as the deadline for the partnership tax return, which is typically April 15th.
Q: Are there any penalties for late filing of Form GR-1065 Schedule RZ?
A: Yes, there may be penalties for late filing of Form GR-1065 Schedule RZ. It is important to file the form on time to avoid any penalties or interest charges.
Q: Can I claim the Renaissance Zone Deduction if I am not a partnership?
A: No, the Renaissance Zone Deduction is only available to partnerships operating in Grand Rapids, Michigan.
Q: What are the benefits of claiming the Renaissance Zone Deduction?
A: Claiming the Renaissance Zone Deduction can result in significant tax savings for partnerships operating in designated renaissance zones in Grand Rapids, Michigan.
Form Details:
Download a printable version of Form GR-1065 Schedule RZ by clicking the link below or browse more documents and templates provided by the Income Tax Department - City of Grand Rapids, Michigan.