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IRS 1099-INT 2025 for Akron Ohio: What You Should Know
Small business, corporation, partnership, LLC or sole proprietorship which does not employ 5 or more persons and has a net business turnover of 8,000 or less in the prior 12 months (or 3,500 in the city of Akron) and has a tax assessment of 800 or less in the prior 12 months; 2. Small business, corporation, partnership, LLC, or sole proprietorship which does not employ 5 or more persons and has a gross or net gross income of 8,000 or less in the prior 12 months (or 4,500 in the city of Akron) and has a tax assessment of 1,100 or less in the prior 12 months; 3. Small business, corporation, partnership, LLC, or sole proprietorship, which has a net business turnover of 10,000 or less and has a tax assessment of 1,200 or less in the prior 12 months; 4. Small business, corporation, partnership, LLC, or sole proprietorship, which does not employ 5 or more persons and has a gross or net gross income of 10,000 or less in the prior 12 months, and has a tax assessment of 2,800 or less in the prior 12 months. 5. Small business, corporation, partnership, LLC, or sole proprietorship which does not employ 5 or more persons and has a gross or net gross income of 30,000 or less in the prior 12 months, and has a tax assessment of 6,300 or less in the prior 12 months (including the previous year only) (this includes the tax assessment that was finalized on the date of the return). 6. Small business, corporation, partnership, LLC, or sole proprietorship, which is located in the City of Akron. If the business is part of a business which is entered into on or after July 1, 2018, and is still in contract for that business. If the business is part of a business with a new business name or is a new business whose services were recently acquired by a partnership, LLC and, no matter how recently the business was acquired, it will be subject to the tax for the previous year regardless of when the business is established. 8.
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