Form 720s - Kentucky S Corporation Income Tax And Llet Return - 2009

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__ __ __ __ __ __
A
720S
*0900010256*
Kentucky Corporation/LLET Account Number
41A720S
K
S C
ENTUCKY
ORPORATION
Department of Revenue
2009
I
T
LLET R
NCOME
AX AND
ETURN
See separate instructions.
Taxable period beginning _______________ , 2009, and ending _______________ , 20 ___ ___ .
__ __ / __ __
B
D
Federal
Taxable Year Ending
Check applicable box(es):
__ __ – __ __ __ __ __ __ __
Identifi cation Number
Mo.
Yr.
LLET
State and Date of Incorporation
Name of S Corporation (Print or type)
Receipts Method
Gross Receipts
Gross Profi ts
Principal Business Activity in KY
$175 minimum
Number and Street
Nonfi ling Status Code
NAICS Code Number
(Relating to Kentucky Activity)
City
State
ZIP Code
Telephone Number
(See )
Enter Code _____ _____
E
Check if applicable:
Qualifi ed investment pass-through entity
LLC
Initial return
Final return (attach explanation)
C
Income Tax Return
Short-period return (attach explanation)
Amended return
Change of name
Change of address
Change of accounting period
Nonfi ling Status Code
F
Number of Shareholders (Attach K-1s)
➤ ___________________________________________
Enter Code _____ _____
Number of QSSSs Included in This Return (Attach Schedule)
➤ ________________________________________________
PART I—ORDINARY INCOME (LOSS) COMPUTATION
8. Extension payment .............................
8
00
9. Prior year’s tax credit ..........................
9
00
1. Federal ordinary income (loss) (see
10. Income tax overpayment from
instructions) ...........................................
1
00
Part III, line 11 ...................................... 10
00
ADDITIONS
11. LLET due (line 6 less lines 7
2. State taxes .............................................
2
00
3. Federal depreciation (do not include
through 10) ..........................................
11
00
Section 179 expense deduction) ..........
3
00
12. LLET overpayment (lines 7
4. Related party expenses.........................
4
00
through 10 less line 6) ......................... 12
00
5. Other (attach Schedule O-PTE) .............
5
00
13. Credited to 2009 income tax .............. 13
00
6. Total (add lines 1 through 5) ................
6
00
14. Credited to 2010 LLET ......................... 14
00
SUBTRACTIONS
15. Amount to be refunded ...................... 15
00
7. Federal work opportunity credit...........
7
00
PART III—INCOME TAX COMPUTATION
8. Kentucky depreciation (do not include
Section 179 expense deduction) ..........
8
00
1. Excess net passive income tax ............
1
00
9. Other (attach Schedule O-PTE) .............
9
00
2. Built-in gains tax ...................................
2
00
10. Kentucky ordinary income (loss)
3. Tax installment on LIFO recapture ......
3
00
(line 6 less lines 7 through 9) ............... 10
00
4. Total income tax liability (add lines
1, 2 and 3) ..............................................
4
00
PART II—LLET COMPUTATION
5. Estimated tax payments
1. Schedule LLET, Section D, line 1 .........
1
00
Check if Form 2220-K attached .....
5
00
2. Recycling/composting equipment
6. Extension payment ..............................
6
00
recapture ...............................................
2
00
7. Prior year’s tax credit ...........................
7
8. LLET overpayment from Part II,
3. Total (add lines 1 and 2) .......................
3
00
line 13 ....................................................
8
00
4. Nonrefundable LLET credit from
9. Tax due (line 4 less lines 5 through
Kentucky Schedule(s) K-1 ....................
4
00
8) ............................................................
9
00
5. Nonrefundable tax credits
10. Tax overpayment (lines 5 through 8
(Schedule TCS) ......................................
5
00
less line 4) .............................................. 10
00
6. LLET liability (greater of line 3 less
11. Credited to 2009 LLET .......................... 11
00
lines 4 and 5 or $175 minimum) .........
6
00
12. Credited to 2010 income tax ................ 12
00
7. Estimated tax payments ......................
7
00
13. Amount to be refunded ....................... 13
00
TAX PAYMENT SUMMARY (Round to nearest dollar)
Federal
Form
1120S, all pages and
any supporting schedules must be
LLET
INCOME
attached.
1. LLET due (Part II, Line 11)
$___________________
1. Income tax due (Part III, Line 9)
$___________________
Make check payable to:
2. Penalty
$___________________
2. Penalty
$___________________
Kentucky State Treasurer
3. Interest
$___________________
3. Interest
$___________________
Mail return with payment to:
4. Subtotal
$___________________
4. Subtotal
$___________________
Kentucky Department of Revenue
Frankfort, Kentucky 40620
TOTAL PAYMENT (Add Subtotals) ..............................................................➤ $ _________________________________________

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