QUARTERLY NET PROFIT DEPOSIT FORM
CITY OF LOUISVILLE, JEFFERSON COUNTY, TARC, SCHOOL BOARDS
OUISVILLE/JEFFERSON COUNTY METRO REVENUE COMMISSION
L
th
101 South 8
St. Louisville, KY 40202-2601 PHONE: 502-574-4860
NAME
PHONE#_______________________
ACCOUNT NUMBER
EMPLOYERS FEDERAL ID#
TAX YEAR ENDED
DEPOSIT PERIOD (CHECK ONE)
ST
ND
FORM
DEPOSIT AMOUNT $_______________________________
1
QUARTER
2
QUARTER
OL-3 (D)
RD
TH
3
QUARTER
4
QUARTER
COLLECTION AGENT
LOUISVILLE/JEFFERSON COUNTY METRO REVENUE COMMISSION
REMIT TO: P.O. BOX 37740
LOUISVILLE, KY 40233-7740
OFFICE USE ONLY
EFFECTIVE DATE
INITIALS
Effective for fiscal years beginning on or after January 1, 1987 every business whose net profit liability is more than $5,000.00 for any fiscal year must submit quarterly deposits of
the estimated net profit liability per the schedule below to the Louisville/Jefferson County Metro Revenue Commission. The deposits which must be made on a quarterly basis will
be based on the final tax obligation for the year. The quarterly payments must be made in 4 equal installments and should be based on the tax which will be owed for the year.
SCHEDULE FOR QUARTERLY NET PROFIT LICENSE FEE PAYMENTS
FOR FISCAL YEARS ENDING:
1ST DEPOSIT DUE:
2ND DEPOSIT DUE:
3RD DEPOSIT DUE:
4TH DEPOSIT DUE:
Dec. 31
Apr. 15
June 15
Sept. 15
Dec. 15
Jan. 31
May 15
July 15
Oct. 15
Jan. 15
Feb. 28
June 15
Aug. 15
Nov. 15
Feb. 15
Mar. 31
July 15
Sept. 15
Dec. 15
Mar. 15
Apr. 30
Aug. 15
Oct. 15
Jan. 15
Apr. 15
May 31
Sept. 15
Nov. 15
Feb. 15
May 15
June 30
Oct. 15
Dec. 15
Mar. 15
June 15
July 31
Nov. 15
Jan. 15
Apr. 15
July 15
Aug. 31
Dec. 15
Feb. 15
May 15
Aug. 15
Sept. 30
Jan. 15
Mar. 15
June 15
Sept. 15
Oct. 31
Feb. 15
Apr. 15
July 15
Oct. 15
Nov. 30
Mar. 15
May 15
Aug. 15
Nov. 15
This packet contains 4 deposit stubs (Form OL-3 (D)). Please retain this packet and submit the appropriate forms when due.
Line 1 Enter the name and phone number of the person to be contacted if additional information is required.
Line 2 Enter the employers identification number.
Line 3 Enter the Louisville/Jefferson County Metro Revenue Commission account number.
Line 4 Enter the licensee's fiscal year end.
Line 5 Check the box indicating the quarter for which the deposit is made.
Line 6 Enter the amount of the deposit as calculated per the "WORKSHEET FOR REPORTING ESTIMATED TAX."
Line 7 Enter the legal name and mailing address of the licensee.
WORKSHEET FOR REPORTING ESTIMATED TAX
NOTE: 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 & Jefferson County receipts
Total Receipts
2)
3.
Wage factor -- Louisville & Jefferson County wages
Total Wages
3)
4.
Average factor -- Line 2 + Line 3
2
4)
5.
Line 1 X Line 4
5)
6.
2.2% X Line 5. This is your estimated current tax liability
6)
7.
90% of Line 6
7)
8.
100% of prior whole year net profit liability
8)
9.
100% of average net profit liability for the past three whole tax years
9)
10.
Enter the greater of Line 8 and 9
10)
11.
Taxpayer whose net profit liability for each of the preceding three years was $20,000.00 or less, enter the lesser of Line
7 or Line 8.
11)
12.
Taxpayer whose net profit liability for each of the preceding three years was over $20,000.00, enter the lesser of Line 7
or Line 10
12)
13.
Enter either Line 11 divided by 4 or Line 12 divided by 4, whichever is applicable. This is the amount due each deposit
13)