Schedule A-C (Form 41a720a-C) - Apportionment And Allocation - Continuation Sheet Page 3
Download a blank fillable Schedule A-C (Form 41a720a-C) - Apportionment And Allocation - Continuation Sheet in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Schedule A-C (Form 41a720a-C) - Apportionment And Allocation - Continuation Sheet with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3Page 3
Instructions for Schedule A–C—Apportionment and Allocation–Continuation Sheet
41A720A-C (10-11)
Commonwealth of Kentucky
DEPARTMENT OF REVENUE
PURPOSE OF SCHEDULE—Schedule A-C is required if the corporation filing
For the other columns enter the following:
the tax return is a partner or member of a limited liability pass-through entity
Corporation—A corporation shall enter from each limited liability pass-
or general partnership (organized or formed as a general partnership after
through entity’s or general partnership’s (organized or formed as a general
January 1, 2006) doing business in Kentucky, or if the pass-through entity
partnership after January 1, 2006) Kentucky Schedule K-1 on the applicable
filing the tax return is a partner or member of a pass-through entity doing
line of each column: name; federal employer identification number (FEIN);
business in Kentucky.
Kentucky Corporation/LLET Account Number; Kentucky sales; total sales;
Schedule A-C and Schedule A must be submitted with the applicable tax return
average value of Kentucky real/tangible property; average value of total real/
(Form 720, 720S, 725, 765 or 765-GP).
tangible property; Kentucky payrolls; and total payrolls.
KRS 141.206(10) provides that for taxable years beginning on or after January
Pass-through Entity—A pass-through entity shall enter from each pass-
1, 2007, a corporation that owns an interest in a limited liability pass-through
through entity’s Kentucky Schedule K-1 on the applicable line of each column:
entity or a general partnership organized or formed as a general partnership
name; federal employer identification number (FEIN); Kentucky Corporation/
after January 1, 2006, shall include its proportionate share of the sales,
LLET Account Number; Kentucky sales; total sales; average value of Kentucky
property and payroll of the limited liability pass-through entity or general
real/tangible property; average value of total real/tangible property; Kentucky
partnership in computing its own apportionment fraction. Accordingly, when
payrolls; and total payrolls.
completing Schedule A-C for a corporation, include only limited liability pass-
through entities or general partnerships (organized or formed as general
If Schedule A-C does not have enough columns for all entities, copy page 2 of
partnerships after January 1, 2006) doing business in Kentucky.
Schedule A-C and attach as needed, and identify the pages alphabetically.
KRS 141.206(11) provides that a pass-through entity that is a partner or
For the Total column enter the following:
member in another pass-through entity shall include its pro rata share of the
property owned or leased by the other pass-through entity, and shall also
Line 1—Enter the total of the amounts on Line 1 from all columns and pages
include its pro rata share of the other pass-through entity’s payroll and sales
of Schedule A-C.
in computing its own apportionment fraction. Accordingly, when completing
Line 2—Enter the total of the amounts on Line 2 from all columns and pages
Schedule A-C for a pass-through entity, include only pass-through entities
doing business in Kentucky.
of Schedule A-C.
LINE–BY–LINE INSTRUCTIONS
Lines 3 and 4—No entries are required for these lines. Computations are made
on Schedule A.
For the “Corporation or Pass-through Entity filing the return” column, enter
the following:
Line 5—Enter the total of the amounts on Line 5 from all columns and pages
of Schedule A-C.
Lines 1, 2, 5, 6, 8 and 9 are computed in the same manner as Schedule A,
Section I, Lines 1, 2, 5, 6, 8 and 9. Accordingly, a corporation or pass-through
Line 6—Enter the total of the amounts on Line 6 from all columns and pages
entity shall enter on the applicable lines its Kentucky sales; total sales; average
of Schedule A-C.
value of Kentucky real/tangible property; average value of total real/tangible
property; Kentucky payrolls; and total payrolls. Section III and Section IV
Line 7—No entry is required for this line. Computation is made on Schedule A.
of Schedule A should be completed to determine the average value of the
corporation’s or pass-through entity’s Kentucky real/tangible property and
Line 8—Enter the total of the amounts on Line 8 from all columns and pages
total real/tangible property.
of Schedule A-C.
A corporation or pass-through entity that owns an interest in a pass-through
Line 9—Enter the total of the amounts on Line 9 from all columns and pages
entity doing business in Kentucky shall also include its pro rata share of the
of Schedule A-C.
distributive share income in the sales factor, the numerator of which is the
distributive share income from the pass-through entity multiplied by the pass-
Lines 10, 11 and 12—No entries are required for these lines. Computations are
through entity’s apportionment fraction and the denominator is the distributive
made on Schedule A.
share income. A corporation or pass-through entity that owns an interest in a
Enter the amounts from the Total column, Lines 1, 2, 5, 6, 8 and 9 on the
pass-through entity not doing business in Kentucky shall include its pro rata
share of the distributive share income in the denominator of the sales factor.
corresponding lines of Schedule A, Section I, Lines 1, 2, 5, 6, 8 and 9.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Schedule A-c (form 41a720a-c) Draft - Apportionment And Allocation - Continuation Sheet - 2016
Financial
Schedule A-c Draft - Apportionment And Allocation - Continuation Sheet - Kentucky Department Of Revenue - 2007
Financial
Related Categories
Parent category: Financial