Form Ol-3d - Quarterly Net Profit Deposit Form
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1FORM
LOUISVILLE METRO REVENUE COMMISSION
3
OL-
D
QUARTERLY NET PROFIT DEPOSIT FORM
CHECK IF CHANGE IN ADDRESS IS BELOW
Name
___________________________________________________________________________________________________
Address
___________________________________________________________________________________________________
City
_____________________________________________________
State ___________
Zip ___________________
SSN/FEIN __________________________
Phone
_____________________
Contact Person
___________________________________
ACCOUNT NO
TAX YEAR ENDING
DEPOSIT AMOUNT
$
CHECK APPLICABLE QUARTER DEPOSIT IS FOR
ST
ND
RD
TH
1
QUARTER
2
QUARTER
3
QUARTER
4
QUARTER
PREPARER’S NAME
PREPARER’S PHONE NUMBER
WORKSHEET FOR REPORTING ESTIMATED TAX - (Do not complete if the current net profit liability will be $5,000.00 or less.)
1.
Adjusted net profit expected in the current tax year
(1)
2.
Receipt factor -- Louisville Metro Receipts divided by Total Receipts Everywhere
(2)
3.
Wage factor -- Louisville Metro Wages divided by Total Wages Everywhere
(3)
4.
Apportionment factor – (Line 2 + Line 3) divided by 2
(4)
5.
Multiply Line 1 by Line 4
(5)
6.
Multiply Line 5 by .0220 = (Your estimated current tax liability)
(6)
7.
Multiply Line 6 by 90%
(7)
8.
100% of prior whole year net profit liability
(8)
9.
100% of average net profit liability for the past three (3) whole tax years
(9)
10.
Enter the greater of Line 8 or Line 9
(10)
11.
If your net profit liability for each of the preceding three (3) years was $20,000.00 or less, enter the lesser
(11)
of Line 7 or Line 8.
12.
If your net profit liability for any one of the preceding three (3) years was over $20,000.00, enter the lesser
(12)
of Line 7 or Line 10.
13.
Divide either Line 11 or Line 12, whichever is applicable, by 4 (This is the amount due each deposit.)
(13)
DISCLAIMER: Please be advised that the above Worksheet for Reporting Estimated Tax is a guideline to assist in the calculation of
quarterly deposits. If any of the above calculations are underestimated, license fees will be underpaid and a late payment penalty of
1% per month will be assessed against any license fee balance unpaid by the due date.
MAILING ADDRESS: P.O. BOX 37740 • LOUISVILLE, KENTUCKY 40233-7740
Telephone: (502) 574-4860 • • Fax: (502) 574-4818 • • TDD: (502) 574-4811
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Parent category: Financial