Form 0706 - Net Profit Tax Return - Boone County Fiscal Court - 2017 Page 2
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1
2Account #: _________________________
Account Name:___________________________
Year Ended:________________________
FEIN/SSN: _______________________________
Adjusted Business Income Calculation Page (page 2 of Net Profit Return)
Individual
Partnership
Corp and S-Corp
1040 Schedule C, E, F, 1040
Other income, 1099
Form 1065
Form 1120 & 1120S
Non-employee Compensation as reported on Form 1099-Misc reported as "other income"
on Federal Form 1040 (attach Page 1 of Form 1040 and Form 1099)
1
N/A
N/A
Net Profit/Loss per Federal Schedule C of Form 1040 (attach Schedule C, Pages 1 & 2,
Schedule C-EZ)
2
N/A
N/A
3 Rental Income/Loss per Federal Schedule E of form 1040 (attach Schedule E)
N/A
N/A
4 Net farm Profit/Loss per Federal Schedule F of form 1040 (Attach Schedule F, pages 1 & 2)
N/A
N/A
Capital Gain from Federal Form 4797 or form 6252 reported on Schedule D of form 1040
(attach form 4797, Pages 1 & 2 or Form 6252)
5
N/A
N/A
Ordinary Gain/Loss on the sale of property used in trade or business per Federal Form
4797 (Attach Form 4797, pages 1 & 2)
6
N/A
N/A
Ordinary Income/Loss per Federal Form 1065 (Attach Form 1065, Pages 1,2,&3,
Schedule of other Deductions and Rental Schedule(s), if applicable)
7
N/A
N/A
Taxable Income/Loss per Federal Form 1120 or 1120A or Ordinary Income/Loss per
Federal Form 1120S (Attach Form 1120 or 1120A, Pages 1 & 2, Schedule of other
Deductions, and Rental Schedule(s), if applicable)
8
N/A
N/A
Ordinary Income/Loss per Federal Form 1120S (Attach Form 1120S, Pages 1,2 & 3,
Schedule of other Deductions, and Rental Schedule(s), if applicable)
9
N/A
N/A
State Income Taxes and Occupational taxes deducted on Federal Schedule C,E,F, or
Form 1065, 1120, 1120A, or 1120S
10
Additions from Schedule K of Form 1065 or Form 1120S (Attach Schedule K of Form
1065 or 1120S and rental schedule(s), if applicable).
11
N/A
12 Net Operating Loss deducted on Form 1120
N/A
N/A
13 Pass thru loss from another entity included on Federal Return
N/A
14 Total Income - Add Line 1 through Line 13
Subtractions from Schedule K of Form 1065 or Form 1120S (Attach Schedule K of Form
1065 or 1120S and rental schedule(s), if applicable).
15
N/A
16 KY Alcoholic Beverages (Attach Computation Sheet)
17 Pass thru profit from another entity included on Federal Return
18 Other Adjustment (Attach Schedule)
19 Non-Taxable Income (Attach Schedule)
N/A
20 Professional Expense not reimbursed by the Partnership (Attach schedule of Expenses)
N/A
N/A
21 Total Deductible Items - Add Lines 15 through 20
22 Adjusted Net Business Income - Subtract Line 21 from Line 14
COMPUTATION OF APPORTIONMENT PERCENTAGES
Column A
Column B
Column C
All licensees who conduct a business activity in Boone County, KY must complete
Boone County Factor
Total Operations Everywhere
Boone County % ( A/B=C)
this part, regardless of profit or loss.
23(a)
23(b)
23(c)
23 Gross Receipts from sales made and/or services rendered
24(a)
24(b)
24(c)
Gross Compensation including wages, salaries and other compensation (see
instructions before completing)
24
25(c)
25 Total Apportionment Factor(add Column C, lines 23 & 24)
Apportionment Factor (Column C line 25 divided by the number of percents used). If
26(c)
both lines 23(b)& 24(b) are greater than zero, divide the entry on Line 25(c)by 2 and enter
here. If either Line 23(b) or 24(b) is zero, enter the amount from Line 25 here.
26
27(c)
27 Taxable Boone County Net Profit - Multiply Line22 by 26(c) and enter here
Boone County 07-27 Ordinance (Line
Boone County Board of
Boone County Mental Health
see page 1 for maximum
see page 1 for maximum
see page 1 for maximum
28(a)
28(b)
28(c)
28 Allocated Profit Enter Line 27 - transfer to page 1 where appropriate
(Transfer to Line 1 page 1)
(Transfer to Line 6 page1)
(Transfer to Line 11 page 1)
Form 0706-1 - Page 1 of 2
Form 0806-1 - Page 2 of 2
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