Schedule Llet(K) (Form 41a720llet(K)) - Limited Liability Entity Tax
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1
2SCHEDULE LLET(K)
Taxable Year Ending
*1400030288*
_ _
_ _
/
41A720LLET(K) (10-14)
Mo.
Yr.
Commonwealth of Kentucky
LIMITED LIABILITY ENTITY TAX
DEPARTMENT OF REVENUE
(For a Limited Liability Pass–through Entity with
Member of a Combined Group
Economic Development Project(s))
➤ See instructions.
____
Reason Code
KRS 141.0401
➤ Attach to Form 720S, 725 or 765.
Name of Limited Liability Pass-through Entity
Federal Identification
Kentucky Corporation/LLET
Number
Account Number
__ __ __ __ __ __
__ __ __ __ __ __ __ __ __
Check this box and complete Schedule LLET(K)-C, Limited Liability Entity Tax—Continuation Sheet, if the limited liability pass-
through entity filing this tax return is a partner or member of a limited liability pass-through entity or general partnership
(organized or formed as a general partnership after January 1, 2006) doing business in Kentucky. Enter the total amounts from
Schedule LLET(K)-C in Section A of this schedule.
Section A—Computation of Gross Receipts and Gross Profits Excluding Economic Development Project(s)
Column A
Column B
Kentucky
Total
00
00
1. Gross receipts after returns and allowances of the pass-through entity ...........
1
2. Economic development project’s gross receipts after returns
00
and allowances .......................................................................................................
2
3. Gross receipts excluding the economic development project(s) (line 1
00
00
less line 2 or amount from Schedule LLET(K)-C) .................................................
3
00
00
4. (a) Cost of goods sold of the pass-through entity (attach Schedule COGS) ... 4(a)
(b) Economic development project’s cost of goods sold ..................................
(b)
00
(c) Cost of goods sold excluding the economic development
00
00
project(s) (line 4(a) less line 4(b)) ...................................................................
(c)
5. Gross profits excluding the economic development project(s)(line 3
less line 4(c) or amount from Schedule LLET(K)-C) ......................................
5
00
00
Section B—Computation of Gross Receipts LLET
1. If gross receipts from all sources (Column B, line 3) are $3,000,000
or less, STOP and enter $175 on Section D, line 1 ........................................
1
2. If gross receipts from all sources (Column B, line 3) are greater than
$3,000,000 but less than $6,000,000, enter the following:
[
]
(Column A, line 3 x 0.00095) –
$2,850 x ($6,000,000 – Column A, line 3)
$3,000,000
00
but in no case shall the result be less than zero ...........................................
2
3. If gross receipts from all sources (Column B, line 3) are $6,000,000
or greater, enter the following: Column A, line 3 x 0.00095 .......................
3
00
4. Enter the amount from line 2 or line 3 ..........................................................
4
00
Section C—Computation of Gross Profits LLET
1. If gross profits from all sources (Column B, line 5) are $3,000,000
or less, STOP and enter $175 on Section D, line 1 .......................................
1
2. If gross profits from all sources (Column B, line 5) are greater than
$3,000,000 but less than $6,000,000, enter the following:
[
]
(
)
(
)
Column A, line 5 x 0.0075
–
$22,500 x
$6,000,000 – Column A, line 5
$3,000,000
but in no case shall the result be less than zero ..........................................
2
00
3. If gross profits from all sources (Column B, line 5) are $6,000,000
or greater, enter the following: Column A, line 5 x 0.0075 ........................
3
00
4. Enter the amount from line 2 or line 3 ..........................................................
4
00
Section D—Computation of LLET
1. Enter the lesser of Section B, line 4 or Section C, line 4, or a minimum
of $175 on this line and on Form 720 or 720S, Part I, line 1; or Form 725
or 765, Part II, line 1 ..........................................................................................
1
00
Mark the applicable Receipts Method box on Form 720S, 725 or 765, page 1, Item B.
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