Form K.s.a. 17-7503, 17-7505 - Franchise Tax Computation Work Sheet (Page 2 of 2) in pdf

IMPORTANT INFORMATION

Please read before completing your annual report

All information on your annual report must be complete and correct, and all filing fees must accompany

this report, or it will not be accepted for filing. Please review the franchise tax and fee instructions

below—a new law affects the amount and destination of your payment.

1. Please enclose a check or money order payable to the Secretary of State. Reports received without the

appropriate fees will not be accepted for filing. There is a $25 service fee for all returned checks. Please do

not send cash.

2. Please complete all applicable items. Incomplete annual reports will not be accepted for filing.

3. DUE DATE – Annual reports are due when the Kansas annual income tax report is due, generally the 15

day of the fourth month following the close of the tax period.

Example: If the tax closing month is December, the due date is April 15 (of the following year).

Please note: State law provides that, in addition to penalties, the failure to file the annual report and pay the

appropriate taxes and/or fees within 90 days after the due date will result in the forfeiture of the corporation in

Kansas. An annual report with the appropriate taxes and/or fees must be filed every year with the Secretary

of State if the corporation wishes to remain in good standing.

4. FRANCHISE TAX/FEE CALCULATION – (a) Tax Years Closing November 30, 2004 and previous

(Tax Years Commencing prior to January 1, 2004): If the annual report is submitted for a tax year occurring

during this time period, the franchise tax is calculated using the attached Franchise Tax Computation

worksheet. The minimum franchise tax is $40 and the maximum franchise tax is $5,000. Please round to the

nearest whole dollar. Please add a $15 administrative fee. The total minimum payment is $55, and the maxi -

mum payment is $5,015. Make checks payable to the Kansas Secretary of State.

(b) Tax Years Closing December 31, 2004 and after (Tax Years Commencing on or after January 1, 2004):

If the annual report is submitted for a tax year occurring during this time period, the franchise fee, $55, is due

with the annual report to the Secretary of State. The franchise tax is due with tax form K-150 to the Depart-

ment of Revenue. Contact the Department of Revenue at (785) 368-8222 or for more

information on the franchise tax.

5. EXTENSIONS – The filing deadline may be extended by submitting an application for extension of the

Kansas or federal income tax return. A copy of the extension should be sent via registered or certified mail to

ensure proper and timely delivery. The request for extension must be filed within 90 days after the due date of

the annual report.

Please note: Financial calculations are not required to complete annual reports and pay franchise fees under

the new franchise fee law (see number 4 above). Filing an extension for the annual report and franchise fee

may not be necessary.

6. CORRECTED ANNUAL REPORT – If incorrect information was provided on a previously filed annual

report, you may file a Corrected Document form (form COR). Complete the form and attach a complete

and correct Annual Report form (form AR) and submit with a $55 filing fee.

Rev. 2/04/05 jls

K.S.A. 17-7503, 17-7505

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Form K.s.a. 17-7503, 17-7505 - Franchise Tax Computation Work Sheet Page 2