Net Profit License Tax Return Form - City Of Pikeville Occupational Tax - 2014 Page 2
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1
2hc102306-City of Pikeville License Fee_Layout 1 12/3/14 8:29 AM Page 2
COMPLETE THE APPLICABLE COLUMN AND ATTACH CORRESPONDING FEDERAL SCHEDULES EVEN IF A LOSS WAS INCURRED.
PART II COMPUTATION OF ADJUSTED NET PROFIT
INDIVIDUAL
PARTNERSHIP
CORPORATION
1) Non-employee compensation reported as "other income" on Federal 1040 (Attach
P
a
g
e
1
f o
F
r o
m
1
0
4
0
a
n
d
F
r o
m
1
0
9
9-MISC
f i
a
p
i l p
a c
b
e l
).
2) Net Profit per each Federal Schedule C, E and/or F (If reporting more than one
federal schedule separate forms should be filed for each federal schedule).
3) Capital gains on the sale of property used as trade or business per Federal Form 4797
or Federal Form 6252 reported on Schedule D of Form 1040 (Attach Form 4797, Pages 1
and 2 or Form 6252).
4) Ordinary gain or (loss) on the sale of property used a trade or business per Federal
F
r o
m
4
7
9
7
(
t A
a t
h c
F
r o
m
4
7
9
, 7
P
a
g
e
s
1
a
n
d
2
).
5) Ordinary income or (loss) per Federal Form 1065 (Attach Form 1065, Pages 1 thru 5).
6) Taxable income or (loss) per Federal Form 1120 (Attach Pages 1 thru 5) or Ordinary
income or (loss) per Federal Form 1120S (Attach Form 1120S, Pages 1 thru 4, Schedule of
other Deductions, and Rental Real Estate Income (Attach Form 8825), Net Rental Income
(loss) (Attach Schedule(s) if applicable).
7) Occupational license taxes based upon income deducted on the Federal Schedule
, C
, E
F
r o
F
r o
m
1
0
6
, 5
1
1
2
, 0
r o
1
1
2
0
S
8) State income taxes based upon income deducted on the Federal Schedule C, E, F
r o
F
r o
m
1
0
6
, 5
1
1
2
, 0
r o
1
1
2
0
S
9) Additions from Schedule K of Form 1065 or Form 1120S (Attach Schedule K of Form
1065 or 1120S and Rental Schedule(s), if applicable / Other additions Form 1040).
a. Net Rental Real Estate Income (Attach Form 8825), Other Rental Activities
(
Attach Schedule), Royalties (Attach Schedule).
. b
N
t e
h s
r o
t - t
r e
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a
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. c
N
t e
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r e
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1
) 0
N
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1
2
0
1
) 1
T
o
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-
A
d
d
L
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1
h t
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h
L
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1
0
12) Subtractions from Schedule K of Form 1065 or Form 1120S (Attach Schedule K of Form
1065 or 1120S and Rental Schedule(s), if applicable / Other subtractions Form 1040).
. a
S
e
t c
o i
n
1
7
9
D
e
d
u
t c
o i
n
. b
C
s a
h
C
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b i
t u
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n
s
. c
. d
1
) 3
T
o
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D
e
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o i
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s
-
A
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d
L
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1
2
14) Adjusted Net Profit - Subtract Line 13 from Line 11. Enter here and on Line 1 on
h t
e
f
o r
t n
p
a
g
. e
PART III - BUSINESS APPORTIONMENT
=
I
DIVIDE (A
B
C)
NOTE: All percentages in Column C
A
P
P
O
R
T
O I
N
M
E
N
T
C
O
L
U
M
N
A
C
O
L
U
M
N
B
s
h
o
u
d l
b
e
a c
r r
e i
d
o
t u
i f
e v
(
) 5
d
e
i c
m
l a
F
A
C
T
O
R
S
P
K I
E
V
L I
L
E
T
O
T
A
L
E
V
E
R
Y
W
H
E
R
E
p
a l
e c
s
1
) 5
P
A
Y
R
O
L
L
F
A
C
T
O
R
%
C
o
m
p
e
s n
t a
o i
n
p
a
d i
d
r u
n i
g
h t
e
e y
r a
o t
e
m
p
o l
e y
s e
1
) 6
S
A
L
E
S
R
E
V
E
N
U
E
F
A
C
T
O
R
%
R
e
e c
p i
s t
f
o r
m
h t
e
a s
, e l
e l
a
e s
r o
e r
t n
l a
f o
g
o
o
d
, s
e s
v r
c i
s e
r o
p
o r
p
r e
y t
1
) 7
%
T
O
T
A
L
P
E
R
C
E
N
T
A
G
E
S
18) BUSINESS APPORTIONMENT -
ENTER HERE AND ON PART 1 LINE 2 OF NET PROFIT LICENSE FEE RETURN
If you had both a payroll factor and a sales revenue factor, then divide line 17 by two (2) If you had a payroll factor or sale
s
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%
e
t n
r e
h t
e
p
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e c
n
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e
f
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n i l
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1
7
o
n
p
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e
1
n i l
e
2
.
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