Form 720s - Kentucky S Corporation Income Tax Return

Form 720S (2006)

Page 2

*0600010257*

PART IV—CORPORATION INCOME TAX CREDIT FOR SHAREHOLDERS

Tax due (page 1, Part III, line 1) ............................................................................................................. 1

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

175

3. Corporation income tax credit .............................................................................................................. 3

4. Nonrefundable Kentucky corporation income tax credit (KRS 141.420(3)) ...................................... 4

5. Refundable Kentucky corporation income tax credit (KRS 141.420(3)(c)) ......................................... 5

Line 11—Worksheet: Other Income (Loss) (KRS 141.010(12))

KRS 141.010(12) adjustments which were not made in the Ordinary Income (Loss) Computation or Schedule K, Section I, Lines 1

through 10 and 12(b).

Description

Amount

(a)

Enter related party and intangible expenses prohibited by KRS 141.205 ...................................... (a)

(b)

Enter expenses related to nontaxable income ................................................................................ (b)

(c)

Add net distributive loss received from the corporation subject to tax under KRS 140.040 ....... (c)

(d)

Subtract net distributive income received from the corporation subject to tax under

KRS 140.040 ........................................................................................................................................ (d)

(e)

Enter any other adjustments provided by KRS 141.010(12) ............................................................ (e)

Total KRS 141.010(12) adjustments (add lines (a) through (e)). Enter here and on page 1, line 11 ............

OFFICER INFORMATION (Failure to Provide Requested Information May Result in a Penalty)

Has the officer information entered below changed from the last return filed?

Yes

President’s Name:

Treasurer’s Name:

President’s Home Address:

Treasurer’s Home Address:

President’s Social Security Number:

Treasurer’s Social Security Number: