Form 725 - Individually Owned Corporation Income Tax Return

Kentucky Single Member LLC

2005

725

Individually Owned

41A725

Taxable Year Ending

Corporation Income Tax Return

Department of Revenue

__ __ / __ __

➤ See separate

Taxable period beginning __________________ , 2005, and ending __________________ , 200___ .

Mo.

Yr.

instructions .

__ __ – __ __ __ __ __ __ __

Federal Identification Number

Kentucky Corporation

A Check applicable

__ __ __ – __ __ – __ __ __ __

__ __ __ __ __ __

box.

Social Security Number

Account Number

Name of LLC (Place preaddressed label here; otherwise print or type.)

State and Date of Organization

Composite

Return

Name of Owner (Place preaddressed label here; otherwise print or type.)

Principal Business Activity in KY

Nexus

Consolidation

Number and Street

NAICS Code Number

Single Return

(Relating to Kentucky Activity)

(See )

City

State

ZIP Code

Telephone Number

D Check if applicable:

Final return (attach explanation)

Initial return

Amended return

Short-period return (attach explanation)

Change of name

Change of address

PART I—TAXABLE INCOME COMPUTATION

PART IV—TAX COMPUTATION

1. Ordinary income (loss) ........................................

1. Tax liability (Part III, greater of line 1,

2. Other income (loss) (attach schedule) ................

line 2 or $175 minimum) .....................................

ADDITIONS

3. Total federal income (loss) (add lines 1 and 2) ..

2. Recycling/composting equipment tax credit

4. Charitable contributions ......................................

recapture ............................................................

5. Other deductions (attach schedule) ....................

3. Total (add lines 1 and 2) ....................................

6. Total (line 3 less lines 4 and 5) ............................

SUBTRACTIONS

7. Federal depreciation and Section 179

4. Total nonrefundable credits

expense deduction from Form 4562 ...................

from Part V .........................................................

8. Kentucky depreciation and Section 179

5. Net tax liability (greater of line 3 less

expense deduction from Form 4562 ...................

line 4 or $175) .....................................................

9. Kentucky statutory differences

6. Estimated tax payments ....................................

(KRS 141.010(12) and (13)) (attach schedule) .....

7. Extension tax payment ......................................

10. Kentucky net income (loss) (add lines 6, 7

8. Prior year's tax credit .........................................

and 9 less line 8) ..................................................

9. Tax due ...............................................................

11. Current net operating loss adjustment ...............

10. Tax overpayment ...............................................

12. Income (loss) after NOL limitation

11. Credited to 2006 .................................................

(add lines 10 and 11) ...........................................

12. Amount to be refunded .....................................

PART V—SCHEDULE OF TAX CREDITS

13. Taxable net income (loss)

(amount from line 12 or Schedule A) .................

1. Economic development tax credits ..................

PART II—ALTERNATIVE MINIMUM (AMC)

2. Other credits (see instructions) .........................

Gross Receipts

3. Total credits (enter on Part IV, line 4) ...............

PART VI—CORPORATION INCOME TAX CREDIT

1. Kentucky gross receipts (less Kentucky

returns and allowances) ......................................

1. Tax due (Part IV, line 1) ......................................

175 00

2. Tax (line 1 multiplied by .00095) .........................

2. Minimum tax ......................................................

Gross Profits

3. Corporation income tax credit

3. Kentucky gross receipts ......................................

(line 1 less line 2) ...............................................

(a) Less Kentucky returns and allowances .......

4. Nonrefundable Kentucky corporation income

(b) Less Kentucky cost of goods sold ...............

tax credit (KRS 141.420(3)) ................................

4. Gross profit (subtract lines 3(a) and 3(b)

5. Refundable Kentucky corporation income

from line 3) ...........................................................

tax credit (KRS 141.420(3)(c)) ............................

5. Tax (line 4 multiplied by .0075) ...........................

Make check(s) payable to:

Kentucky State Treasurer

PART III—TAX COMPARISON

Mail return with payment to: Kentucky Department of Revenue

1. Regular income tax (see instructions) ...................

Frankfort, Kentucky 40620.

2. Alternative minimum (AMC) (lesser of

Part II, line 2 or line 5) ..........................................

TAX PAYMENT SUMMARY (Round to Nearest Dollar)

Income

AMC Gross Receipts

AMC Gross Profits

Minimum $175

Tax

Interest

Penalty

TOTAL (Including Penalty and Interest)

➤ Federal Schedules C, E and F, and any other supporting schedules must be attached.

No packet required for 2006.

Form 725 - Individually Owned Corporation Income Tax Return - 2005

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