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Failure to pay LLET by the payment date—2 percent of the tax

• A 52/53–week year is a fiscal year that varies between 52 and

due for each 30 days or fraction thereof that the payment is

53 weeks. Example: A 52/53–week year ending the first week

overdue (maximum 20 percent). The minimum penalty is $10.

of January 2013, would be entered as:

KRS 131.180(2)

1 2 1 2

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Late payment or underpayment of estimated tax—10 percent

of the late payment or underpayment. The minimum penalty is

Mo.

Yr.

$25. KRS 131.180(3)

Failure to properly reflect the Taxable Year Ending may result

Failure or refusal to file an LLET return or furnish information

in delinquency notices or billings for failure to file.

requested in writing—5 percent of the tax assessed for each

30 days or fraction thereof that the return is not filed or the

Item A—Enter the six–digit Kentucky Corporation/LLET Account

information is not submitted (maximum 50 percent). The

Number on the applicable line at the top of each form and

minimum penalty is $100. KRS 131.180(4)

schedule and also on all checks and correspondence. This

number was included in correspondence received from the

Negligence—10 percent of the tax assessed. KRS 131.180(7)

Department of Revenue at the time of registration. If a composite

return (Schedule CP) is being filed, leave account number

Fraud—50 percent of the tax assessed. KRS 131.180(8)

blank.

Cost of Collection Fees

If the Kentucky Corporation/LLET Account Number is not known,

telephone (502) 564–8139.

(a) 25 percent on all taxes which become due and owing for any

reporting period, regardless of when due. These collection

Item B—Check the box indicating the method used in

fees are in addition to all other penalties provided by law.

determining the amount of LLET due on Schedule LLET, Section

KRS 131.440(1)(b)

D, Line 1. If a composite return (Schedule CP) is being filed, do

not complete Item B.

(b) 25 percent on all taxes assessed and collected by the

Department of Revenue for taxable periods ending before

LLET Nonfiling Status Code–Return not Required

October 1, 2011. KRS 131.440(1)(b)

If the single member LLC is not required to file an LLET return,

enter one of the following two–digit codes in the space provided.

period for nonfiled returns eligible for amnesty. KRS

Failure to include a valid code will delay the processing of the

131.440(1)(b)

tax return and may result in a tax notice for assessment of

taxes and penalties.

FORM 725—SPECIFIC INSTRUCTIONS

REASON

Period Covered

REASON

CODE

File the 2012 return for calendar year 2012 and fiscal years

A property or facility which has been certified

that begin in 2012. For a fiscal year, fill in the taxable period

as a fluidized bed energy production facility as

beginning and ending at the top of Form 725.

defined in KRS 211.390.

An alcohol production facility as defined in KRS

All Kentucky individually owned single member LLCs must enter

247.910.

Taxable Year Ending at the top right of Form 725 and supporting

A qualified investment pass–through entity as

forms and schedules to indicate the ending month and year for

defined in KRS 141.206(15).

which the return is filed.

• A calendar year is a period from January 1 through

Item C—If Schedule CP is being filed, see Specific Instructions

December 31 each year. This would be entered as:

on page 8 of these instructions on what information should be

completed on Item C.

If filing a Form 725, Kentucky Single Member LLC Individually

1 2 1 2

Owned LLET Return, enter the following:

__ __ / __ __

Mo.

Yr.

Federal Identification Number—Enter the federal identification

number, if the single member LLC has obtained this number.

Name and Address—Print or type the name of the single member

• A fiscal year is 12 consecutive months ending on the last day

LLC as set forth in the Articles of Organization. For the address,

of any month except December. A fiscal year ending January

include the suite, room or other unit number after the street

31, 2013, would be entered as:

address. If the U.S. Postal Service does not deliver mail to the

street address and the single member LLC has a P.O. Box, show

the box number instead of the street address.

0 1 1 3

__ __ / __ __

Telephone Number—Enter the business telephone number of

the member.

Mo.

Yr.

State and Date of Organization—Enter the entity’s state and

date of organization.

Instructions For Form 725 (State Form 41a725(I)) - Kentucky Single Member Llc Individually Owned Llet Return - 2012 Page 6

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