Form 228-S - Net Profits Occupational License Tax Return - Fayette County

BOARD OF EDUCATION OF FAYETTE COUNTY

2000

NET PROFITS OCCUPATIONAL LICENSE TAX RETURN

QUESTIONS (ANSWER FULLY)

Account Number

A. Nature of business

Fiscal Year Ended

B. Date business started in Fayette County

Federal ID or SSN

C. If organization was discontinued, state when

Dissolution or

Sale If by sale, give name and address of successor

PLEASE NOTIFY THIS OFFICE OF ANY CHANGE IN OWNERSHIP

OR NAME AND ADDRESS SHOWN BELOW

D. Did you have employees in Fayette County in 2000?

Yes

If yes, number of employees

E. Basis on which this return is prepared

Cash

Accrual

F. Check which:

Corporation

Sub−Chapter S

Partnership

Individual Owner

Fiduciary

Other (state)

G. Have Federal authorities changed the net income as originally

reported for any prior year?

Yes

If yes, have amended Net Profits Returns been filed reflecting

Yes

Years

the changes?

If no, attach schedule of changes for each year

SECTION 1

CALCULATION OF LICENSE TAX LIABILITY

Office Use Only

Adjusted net business income (Worksheet 1,Line 19−see reverse)

(Attach applicable Federal schedules.)

Transaction Number

Average allocation percentage (Section 2, Line 4, Column C)

......

Attach

Net profits subject to license tax (Line 1 X Line 2)

.....................

License tax due (Line 3 X .005)

.....................................................

Less credit (attach schedule) (see instructions)

............................

Payment

Subtotal (Line 4 − Line 5)

........................................................................

Make Check Payable to:

Penalty (1% per month or portion of month)

....................................

L.F.U.C.G.

Penalty (Late Filing Fee − $ 10.00)

Mail to:

......................................................

Division of Revenue

Balance due (add Lines 6 through 8)

Lex−Fay Urban Co Govt

...........................

Here

>>>>

P.O. Box 14058

10.

Overpayment (circle preference: refund

credit)

.............................

Lexington KY 40512

SECTION 2

CALCULATION OF ALLOCATION PERCENTAGE

ALLOCATION FACTORS

Column A

Column B

Column C

URBAN COUNTY FACTOR

TOTAL FACTOR

PERCENTAGE

1. Business receipts factor (see instructions) ..............................................

2. Payroll factor (see instructions) .........................................

3. Total percentages (add Column C, Lines 1 and 2) ................................................................................................................................................

4. Average allocation percentage (Column C, Line 3 divided by number of percents) Enter on Line 2, Section 1.....................

SECTION 3

RECONCILIATION OF PAYROLL FACTOR

Section 2, Line 2, Columns A and B should agree to the total and subject wages per Form 222−S, Reconciliation of License Tax

Note:

Withheld for schools for the same period as covered by the Net Profits License Tax Return. If a discrepancy occurs due to the

Reconciliation of License Tax Withheld for Schools being completed on the cash basis and the Net Profits License Tax Return being

completed on the accrual basis you must complete the following:

Prior year wage expense accrual

Current year wage expense accrual

I hereby certify that the statements made herein and in any supporting schedules are true, correct and complete to the best of my knowledge.

Return Must

Be Signed

Signature of licensee

Date

Signature of individual preparing return

This return must be filed and paid in full on or before:

or within 105 days after close of fiscal year.

OFFICE HOURS: 8:00am − 4:00pm Monday−Friday Telephone: (859) 281−0158; 281−0159; 281−0157

Form 228−S Revised 11/00

Form 228-S - Net Profits Occupational License Tax Return - Fayette County - 2000

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