Form Pub. Ks-1540 - Kansas Business Taxes For Hotels Motels & Restaurants Page 18
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42INCOME TAXES
FILING AND PAYING KANSAS
BUSINESS TAXES
Corporate Income Tax
Corporate income tax is imposed on the taxable
income of every corporation doing business within, or
TAX REGISTRATION
deriving income from, sources within Kansas. The
current normal tax rate is 4% of the Kansas taxable
income of a corporation with a surtax of 3% on Kansas
Before you open your hotel or restaurant, you must
taxable income over $50,000. Kansas Corporate Income
have all of the necessary tax registrations. To register
Tax is reported on Form K-120.
with the Division of Taxation to collect all required taxes,
visit the Business Tax section of our web site
Partnerships, S Corporations
(). You will be linked to the Kansas
Business Center to complete the application, receive
The taxable income of partnerships and S
your account number and print your registration
corporations is not taxed at the partnership or corporate
certificate. For complete instructions about the
level, but rather is taxed on the individual partner’s or
application process, obtain Pub. KS-1216, Kansas
shareholder’s income tax return (see Individual Income
Business Tax Application Booklet, from our web site.
Tax that
follows).
However, an informational return for
the partnership or S corporation is also required. A
Retailers registering for the Liquor Drink Tax must
partnership or S corporation must file Kansas Form
post a bond with KDOR of either $1,000 or 3 months
K-120S.
estimated liquor drink tax liability, whichever is greater,
and have a liquor license issued by our Division of
Individual Income Tax
Alcoholic Beverage Control. Follow the detailed
instructions in Pub. KS-1216 to complete an accurate
Income tax on profits received by sole proprietors,
application.
partners in a partnership, or shareholders of
S corporations and most LLCs is reported on the Kansas
Individual Income Tax Return (K-40). Kansas residents,
GENERAL FILING INFORMATION
and nonresidents who receive income from Kansas
sources, are required to file a Kansas income tax return.
How often you report and pay your taxes depends
on the annual amount of taxes collected, with the
Beginning in tax year 2013, individual income tax
rates are lowered at all levels. The calculation of an
exception of liquor tax returns, which are remitted
individual’s Kansas income tax starts with federal
monthly. Most hotels and restaurants will remit their
adjusted gross income. Certain modifications, either
sales, withholding, liquor and transient guest taxes on
additions or subtractions, are made to arrive at Kansas
a monthly basis, and file quarterly returns for use taxes.
adjusted gross income. For more information, see Notice
Retailers filing sales tax on a quarterly or annual basis
12-06, which is available on our web site.
can elect to file the Transient Guest Tax return at the
same time. See Pub. KS-1510 for more information on
A non-resident owner of a Kansas S corporation, a
filing frequencies.
partner in a Kansas partnership, or a member of a
Kansas limited liability company will not be subject to
Monthly sales, liquor, and transient guest tax returns
Kansas income tax on income that is properly reported
are due on the 25th of the month following the close of
on federal Schedule C, E, or F and on lines 12,17, or
the reporting period; monthly withholding tax returns
18 of federal Form 1040.
are due on the 15th of the following month. Returns for
other filing frequencies are generally due on the 25th
of the month following the end of the reporting period.
WITHHOLDING TAX
IMPORTANT: You must file a tax return for each
This tax is deducted by employers from the wages
reporting period even if you have no taxable
paid to employees to prepay the employees’ income
sales or tax to report. These returns are called zero-
tax liability, and from the Kansas taxable income of a
based and KDOR has a simple, on-line process for filing
nonresident owner of a partnership, S corporation or
them. See information that follows.
limited liability company. Additional information, tables
to compute withholding tax, and examples on how to file
returns are in our guide to Kansas Withholding Tax
FILE AND PAY OPTIONS
(KW-100); available on our web site.
Since July 1, 2010, it has been a requirement that
Employers must also register with the Kansas
businesses submit their retailers' sales, compensating
Department of Labor for unemployment tax (see page
use, and withholding tax returns electronically.
27) and the Internal Revenue Service.
18
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