Form Ol-3 - Net Profit License Fee Return - City Of Covington, Kentucky

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CITY OF COVINGTON, KENTUCKY
Taxable Year Ended
Month
Day
Year
NET PROFIT LICENSE FEE RETURN FORM OL-3
(859)292-2180
fax (859)292-2131
Print Business Name & Address
Business Entity:
Account #
Classification
Individual
Partnership
Social Security# or
Federal ID #
Corporation
Other
Remit To:
CITY OF COVINGTON
20 W. Pike St.
Covington, KY 41011
Due the 15th Day of the 4th Month Following the Close of the Taxable Year
Final Return (Check only to inactivate account. Complete Question E)
No business activity within Covington during tax year
A) If business entity is exempt from net profit license fee, state why.
Total gross residential rents from 1 unit < $6,000
Nonprofit entity with no unrelated business income
No business activity
Other
B) Business Phone #
C) Principal business activity
D) Did the Business have employees working within Covington during the taxable year?
If Yes, Indicate the number
E) If business activity was discontinued within the City during the year, state when and why
Dissolution
Sale. If by sale, give name and address of successor
Other
F) Is the Business Entity an Affiliate of a Consolidated Corporate Federal Return?
No
Yes (If Yes, See Specific Instructions)
PART IV: FEE COMPUTATION
**IMPORTANT**
1) Adjusted Net Income (See Reverse, Line L of Part I)
Attach
Federal Return
2) Business Apportionment (Enter 100% or Line 4 of Part III)
Schedule C
3) Taxable Net Profit (Multiply Line 1 by Line 2)
Schedule E
4) Occupational License Fee (Multiply Line 3 by 2.5%)
Form 4797
5) Total Fees Due
(Enter $100 minimum or Line 4, whichever is greater, max $40,000)
Form 6252
6) Less Estimated Payments and Credits
Form 1065
7) Balance Due
Form 1120S
8) Penalty @ 5% per month or portion thereof (Minimum $25, Max 25%)
Form 1120
9) Interest @ 1% per month from Due Date
Form 8825
10) Total Amount Due
Other
11) Overpayment Claimed
Refund
Credit to next year estimated payment
RETURN MUST BE SIGNED - I hereby certify, under penalty of perjury, that the statements made herein and in any supporting schedules are true, correct,
and complete to the best of my knowledge.
PREPARER'S SIGNATURE
DATE
LICENSEE'S SIGNATURE
DATE
PRINT NAME
SS#
PRINT NAME
TITLE

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