Form 228/08npf - 2008 Net Profits License Fee Return - Lexington-Fayette Urban County Government Page 2
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LEXINGTON−FAYETTE URBAN COUNTY GOVT
***IMPORTANT***
NET PROFIT WORKSHEET
Enclose Copy of Applicable
Federal Forms(s) & Schedule(s)
WORKSHEET I: For Business Entities required to file an INDIVIDUAL U.S. Income Tax Return
Non−employee compensation as reported on Form 1099−Misc Reported as "Other
1.
1.
Income" on federal Form 1040 (attach Page 1 of Form 1040 and Form 1099)........................................
2.
2.
Net profit or (loss) per schedule C, E or F of federal Form 1040
(attach 1040 and all Schedules)..........
Gain or loss on sales of business property used in a trade or business from federal Form
3.
3.
4797 or Form 6252 reported on Schedule D of Form 1040,
(attach 4797 Pages 1 and 2 or Form 6252)
4.
4.
Other business income not included in lines 1−3 (attach schedule)............................................................................
5.
5.
Total Net business income (add Lines 1 through 4)...................................................................................................................
6.
6.
State and local license fees or taxes based on income....................................................................................................
7.
7.
Expenses associated with income not subject to the license fee (attach schedule)..................................
8.
8.
If a deduction was taken for any other amount not deductible
......
(attach full explanation and schedule).....
9.
9.
Total items not deductible (add Lines 6 Through 8)..................................................................................................................
10.
10.
Kentucky alcoholic beverages net (attach schedule).....................................................................................................................
11.
11.
Income included in line 5 deemed not subject to the license fee
......
(attach full explanation and schedule)
12.
12.
Total items not subject (add Lines 10 Through 11)..................................................................................................................
13.
13.
Adjusted net business income (Line 5 Plus Line 9 Less Line 12) Enter on Section 1, Line 1.......
WORKSHEET P: For Business Entities required to file an PARTNERSHIP U.S. Income Tax Return
1.
1.
Ordinary income or (loss) per federal Form 1065 (attach Form 1065).............................................................
2.
2.
Other additions from Schedule K of federal Form 1065 (see instructions) attach Schedule K
3.
Other allowable subtractions from Schedule K of federal Form 1065
3.
..................................................................................................................................................
(see instructions) (attach Schedule K)
4.
4.
Total Business Income...........................................................................................................................................................................................
5.
5.
State and local license fees or taxes based on income....................................................................................................
6.
6.
Parner's Salaries (attach Schedule)..............................................................................................................................................................
7.
7.
Expenses associated with income not subject to the license fee (attach schedule)...............................
8.
8.
Total items not deductible (add Lines 5 Through 7)...............................................................................................................
9.
9.
Interest income from U.S. obligations...................................................................................................................................................
10.
10.
Kentucky alcoholic beverages net (attach schedule)...............................................................................................................
11.
11.
Total items not subject (add Lines 9 Through 10)...............................................................................................................
12.
12.
Adjusted net business income (Line 4 Plus Line 8 Less Line 11) Enter on Section 1, Line 1....
WORKSHEET C: For Business Entities required to file an CORPORATE U.S. Income Tax Return
1.
1.
Taxable income or (loss) per federal Form 1120 or 1120A (attach Forms).................................................
2.
2.
Ordinary income or (loss) per federal Form 1120S (attach Form 1120S).......................................................
Other additions from Schedule K of federal Form 1120S
3.
3.
.....................................................................................................................................................
(see instructions) (attach Schedule K)
4.
4.
Other allowable subtractions from Schedule K of federal Form 1120S..........................................................
5.
5.
Total Business Income...........................................................................................................................................................................................
6.
6.
State and local license fees or taxes based on income....................................................................................................
7.
Net operating loss deduction.........................................................................................................................................................................
7.
8.
8.
Expenses associated with income not subject to the license fee (attach schedule)...............................
9.
9.
Total items not deductible (add Lines 6 Through 8)...............................................................................................................
10.
10.
Interest income from U.S. obligations...................................................................................................................................................
11.
11.
Kentucky alcoholic beverages net (attach schedule)...............................................................................................................
12.
12.
Total items not subject (add Lines 10 Through 11)...............................................................................................................
13.
13.
Adjusted net business income (Line 5 Plus Line 9 Less Line 12) Enter on Section 1, Line 1...
Form 228/08NPB Revised 12/08
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