Form Molt-2 Marshall County Occupational License Tax For Schools - 2006 Page 2
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1
2MARSHALL COUNTY OCCUPATIONAL LICENSE TAX for SCHOOLS
2006
Imposed by the Marshall County, Kentucky Fiscal Court effective September 1, 1968
Form
ANNUAL RETURN
MOLT-2
For the year Jan.-Dec. 31, 2006 or other taxable year beginning ______________________________2006 and ending ___________________________, ______
Your Social Security No. or Employer ID No. _____________________Your Occupation ______________________
Spouse’s Social Security No. if joint return ______________________Spouse’s Occupation___________________
SCHEDULE 1 - List all 2006 employers and show amount of
Make check or money order payable to MARSHALL COUNTY FINANCE OFFICE and
Marshall County Occupational Tax for Schools withheld. Attach
mail to 86 High School Road, Benton, Kentucky 42025. DUE DATE: April 15, 2007, or
Forms W-2 if available.
three and one-half months following Fiscal Year End.
EMPLOYERS (Both in and out of County)
School
Tax W/H
$
Name &
Address
Change If
Incorrect
$
Total and enter on Line 11
Individual, Partnership, or Corporation Complete Only Applicable Portion of Form
1. Income per Federal Income Tax Return - Check and insert as appropriate (See Instruction No. 1)
1a
a (
) Total income from Line 22. Individual Form 1040; ( ) Line 15 Form 1040A; or ( ) Line 4 Form 1040EZ . . . . . . .
Add Back: Net operating loss carry over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Add Back: Tax deferred or pre-tax items not included in Line 1a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
b (
) Ordinary Income from Line 22, Partnership Form 1065. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
c (
) Taxable income from line 24, form 1120A; ( ) or Line 21, Form 1120-S; ( ) or Line 28, Form 1120 . . . . . . . . . .
2
2. Enter State and Local taxes based on income (Corporations & Partnerships only) (See Instruction No. 2) . . . . . . . . . . .
3
3. Partnerships enter partners’ compensation from Form 1065 (See Instruction No. 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
4. Add Lines 1, 2 and 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5. Individuals enter below, net unearned income or (loss) applicable to Line 1a (See Instruction No. 4) . . . . . . . . . . . . . . .
Interest
$______________; Rent (From Sched. E)
$ ______________;
Other:
Dividends
$______________; Tax Refunds
$ ______________; ____________$ __________Enter
5
Capital Gains $______________; Other: ____________ $ ______________; ____________$ __________ Total
6
6. Corporations & partnerships enter unearned income or (loss) Attach Schedule (See Instruction No. 4) . . . . . . . . . . . . .
7
7. Subtract Line 5, or Line 6 from Line 4 (add back loss) - Total Earned Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8. Enter below, income or (loss) from activity conducted outside Marshall County (See Instruction No. 5)
a Salaries, wages, commissions and other compensations earned for work or services
outside the county (or in the county while a non-resident) . . . . . . . . . . . . . . . . . . . . . $ __________________ Enter
8
b Net income or (loss) from activity conducted outside the county . . . . . . . . . . . . . . . . $ __________________ Total
9
9. Subtract Line 8 from Line 7 (add back loss) - Taxable Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
10. Tax (Multiply Line 9 by .005, i.e. 1/2 of 1%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
11. Enter Marshall County Occupational Tax For Schools withheld from Schedule 1 above, or estimate paid. . . . . . . . . . . .
12
12. Tax Due (Subtract Line 11 from Line 10) Check if OVERPAYMENT - REFUND DUE (
)*. . . . . . . . . . . . . . . . . . . . . . .
13
13. Penalty on tax past due (1% of Line 12 per month or fraction of month past due, maximum 25%). . . . . . . . . . . . . . . . . .
14
14. Interest on tax past due (6% per annum of Line 12 from due date until paid) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
15. Penalty for failure to file return by due date: Add $10.00 (Per KRS 160.648). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16
16. Total Tax, Penalties and Interest Due (Add Lines 12, 13, 14 and 15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
SCHEDULE 2 - Enter net income or (loss) from schedules which were attached to your Federal Income Tax Return.
C $ ___________;
E (Part I) $ _____________;
Other:
Other:
Other:
D $___________;
E (Part II) $ _____________;
Form 4797
$ ______________; ______________$____________; ___________$ _________
F $ ___________;
E (Part III) $ _____________; _____________$ ______________; ______________$____________;___________$ _________
*Note: Refund of overpayment cannot be made unless this schedule is properly completed.
I hereby certify that the statements made herein and in any supporting schedules are true, correct and complete to the best of my knowledge.
/
/
/
Your Signature
Spouse’s Signature
Title
Date
Sign
Here
/
/
Preparer’s Signature
Preparer’s Address
Date
(SEE REVERSE SIDE OF FORM FOR INSTRUCTIONS)
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