Form Is228d - Net Profits License Fee Return - Lexington-Fayette Urban County Government - 2000 Page 2
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1
2Lexington−Fayette Urban County Government
Net Profits License Fee Return
Worksheet 1 − Calculation of Adjusted Net Business Income
Please complete the column that relates to your form of business
Individual
Partnership
Corporation
Other
and S−corp
1
Gross wages,salaries,commissions,etc. reported on federal Form 1040
NA
NA
from which no payroll taxes were withheld
(attach Form 1040 and W−2)
2
Non−employee compensation per federal Form 1099 reported as
NA
NA
"other income" on federal Form 1040 (attach Form 1040 and 1099)
3
Net profit or (loss) per Schedule C, C−EZ, E or F of federal Form
NA
NA
1040
(attach Form 1040 and applicable schedule(s))
4
Gain or (loss) on the sale of property used in a trade or business
NA
NA
per federal Form 1040 (attach Form 4797 and/or Schedule D)
5
Ordinary income or (loss) per federal Form 1065
NA
NA
(attach Form 1065)
6
Taxable income or (loss) per federal Form 1120 or 1120A or
NA
NA
ordinary income or (loss) per federal Form 1120S
(attach Form 1120, 1120A or 1120S)
7
NA
Other additions from Schedule K of federal Form 1065 or 1120S
(see instructions) (attach Schedule K)
8
Other business income (attach schedule)
9
Total business income (add Lines 1 through 8)
10
NA
Other allowable subtractions from Schedule K of federal Form 1065
or 1120S (see instructions) (attach Schedule K)
11
Net business income (Line 9 less Line 10)
ITEMS NOT DEDUCTIBLE
12
State and local license fees or taxes based on income
13
NA
NA
Net operating loss deduction
14
NA
NA
Partners' salaries (attach schedule)
15
Expenses associated with income not subject to the license fee
(attach schedule)
16
Other (attach full explanation and schedule)
17
Total items not deductible (add Lines 12 through 16)
ITEMS NOT SUBJECT
18
NA
Interest income from U.S. obligations
19
IRC Section 78 dividends and IRC Section 951 dividends
NA
20
Kentucky alcoholic beverages net (attach schedule)
21
NA
Non−business interest and dividends (attach schedule)
22
Other (attach full explanation and schedule)
23
Total items not subject (add Lines 18 through 22)
24
Adjusted net business income
(Line 11 plus Line 17 less Line 23) Enter on Section 1, Line 1
NA − Not applicable
Form IS228D, Worksheet 1 (developed 10/98)
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