Schedule Llet (Form 41a720llet) - Limited Liability Entity Tax

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SCHEDULE LLET
Taxable Year Ending
*1300010279*
_ _
_ _
/
41A720LLET (10-13)
Commonwealth of Kentucky
Mo.
Yr.
DEPARTMENT OF REVENUE
LIMITED LIABILITY ENTITY TAX
Member of a Combined Group
➤ See instructions.
KRS 141.0401
____
Reason Code
➤ Attach to Form 720, 720S, 725 or 765.
Name of Corporation or Limited Liability
Federal Identification
Kentucky Corporation/LLET
Pass-through Entity
Number
Account Number
__ __ __ __ __ __
__ __ __ __ __ __ __ __ __
Check this box and complete Schedule LLET-C, Limited Liability Entity Tax—Continuation Sheet, if the corporation or 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-C in Section A of this schedule.
Section A—Computation of Gross Receipts and Gross Profits
Column A
Column B
Kentucky
Total
1. Gross receipts .................................................................................................
1
00
00
00
00
2. Returns and allowances .................................................................................
2
3. Gross receipts after returns and allowances
00
00
(line 1 less line 2 or amount from Schedule LLET-C) ..................................
3
4. Cost of goods sold (attach Schedule COGS) ................................................
4
00
00
5. Gross profits (line 3 less line 4 or amount from Schedule LLET-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, Part I, line 1; for Form 720S,
00
725 or 765, enter on Part II, line 1 ....................................................................
1
Mark the applicable Receipts Method box on Form 720, 720S, 725 or 765, page 1, Item B.

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