Form 720s - Kentucky S Corporation Income Tax And Llet Return - 2012

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__ __ __ __ __ __
A
720S
*1200010256*
Kentucky Corporation/LLET Account Number
41A720S
K
S C
ENTUCKY
ORPORATION
Department of Revenue
2012
I
T
LLET R
See instructions.
NCOME
AX AND
ETURN
Taxable period beginning _______________ , 201 ___, and ending _______________ , 201 ___ .
__ __ / __ __
B
D
Federal
Taxable Year Ending
Check applicable box(es):
__ __ – __ __ __ __ __ __ __
Identification Number
Mo.
Yr.
LLET
State and Date of Incorporation
Name of S Corporation
Receipts Method
Gross Receipts
Gross Profits
Principal Business Activity in KY
$175 minimum
Number and Street
NAICS Code Number
Nonfiling Status Code
(Relating to Kentucky Activity)
City
State
ZIP Code
Telephone Number
(See )
Enter Code _____ _____
E
Check if applicable:
 Qualified 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
Nonfiling 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
9. Film industry tax credit ........................
9
00
10. Extension payment ............................. 10
00
1. Federal ordinary income (loss) (see
11. Prior year’s tax credit .......................... 11
00
instructions) ...........................................
1
00
12. Income tax overpayment from
ADDITIONS
Part III, line 11 ..................................... 12
00
2. State taxes based on net/gross income ..
2
00
13. LLET due (line 6 less lines 7
3. Federal depreciation (do not include
through 12) .......................................... 13
00
Section 179 expense deduction) ..........
3
00
14. LLET overpayment (lines 7
4. Related party expenses (attach Schedule RPC)
4
00
through 12 less line 6) ........................ 14
00
5. Other (attach Schedule O-PTE) ............
5
00
15. Credited to 2012 income tax .............. 15
00
6. Total (add lines 1 through 5) ................
6
00
16. Credited to 2013 LLET ......................... 16
00
SUBTRACTIONS
17. Amount to be refunded ...................... 17
00
7. Federal work opportunity credit ..........
7
00
8. Kentucky depreciation (do not include
PART III—INCOME TAX COMPUTATION
Section 179 expense deduction) ..........
8
00
9. Other (attach Schedule O-PTE) ............
9
00
1. Excess net passive income tax ............
1
00
10. Kentucky ordinary income (loss)
2. Built-in gains tax ...................................
2
00
(line 6 less lines 7 through 9) ............... 10
00
3. Tax installment on LIFO recapture ......
3
00
4. Total (add lines 1 through 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
tax credit recapture ..............................
2
00
7. Prior year’s tax credit ...........................
7
00
3. Total (add lines 1 and 2) ......................
3
00
8. LLET overpayment from Part II,
4. Nonrefundable LLET credit from
line 15 ....................................................
8
00
Kentucky Schedule(s) K-1 ....................
4
00
9. Income tax due (line 4 less lines 5
5. Nonrefundable tax credits
through 8) ..............................................
9
00
(attach Schedule TCS) .........................
5
00
10. Income tax overpayment (lines 5
6. LLET liability (greater of line 3 less
through 8 less line 4) ............................. 10
00
lines 4 and 5 or $175 minimum) .........
6
11. Credited to 2012 LLET .......................... 11
00
00
7. Estimated tax payments ......................
7
00
12. Credited to 2013 corporation income tax . 12
00
8. Certified rehabilitation tax credit ........
8
00
13. Amount to be refunded ....................... 13
00
TAX PAYMENT SUMMARY (Round to nearest dollar)
OFFICIAL USE ONLY
Federal Form 1120S, all pages and
LLET
INCOME
any supporting schedules must be
attached.
PW 204
1. LLET due
1. Income tax due
(Part II, Line 13)
$___________________
(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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