Fillable Form K-40c - Kansas Composite Income Tax Schedule (Page 2 of 2) in pdf

INSTRUCTIONS FOR SCHEDULE K-40C

GENERAL INFORMATION

COLUMN 11—Enter each nonresident’s share of

(Round ALL dollar figures to the nearest whole dollar)

“Total Kansas Income” from Form K-120S

COLUMN 4—Enter each nonresident’s share of the

Any partnership or S corporation required to file a

Multiply line 19* of Form K-120S by the

“Apportionable Business Income” from Form

Kansas income tax return may elect to file a composite

percentage for each partner/shareholder from the

K-120S. Multiply line 14* of Form K-120S amount

income tax return for its nonresident partners or

K-120S, Part II, Column 4.

by the percentage for each partner/shareholder

nonresident shareholders that derive income from the

from the K-120S, Part II, Column 4.

COLUMN 12—Kansas nonresident tax: Column 10

partnership or S corporation. Any nonresident partner

COLUMN 5—The filing status for Kansas must be

multiplied by nonresident allocation percentage

or nonresident shareholder may be included in a

the same as that used on the shareholder’s or

(this percentage determined by dividing column

composite return unless the partner or shareholder

partner’s federal income tax return, except that

11 by column 4 and rounding the result to the

has income from a Kansas source other than the

Kansas does not recognize the “Qualifying

fourth decimal place; not to exceed 100.0000).

partnership or S corporation. At this time, KDOR

Widow(er) with Dependent Child” status. If a

Enter the total amount from K-40C on the

(Kansas Department of Revenue) does not require

shareholder or partner filed as a “Qualifying

applicable line of Form K-40.

written approval to file a composite return.

Widow(er) with Dependent Child,” on the federal

Nonresident partners and nonresident shareholders

COLUMN 13—Amount of Kansas estimated tax paid.

return, they will file as “Head of Household” on

included in a composite return shall not file a separate

Enter total amount from K-40C on applicable line

the K-40C.

income tax return.

of Form K- 40.

COLUMN 6—Shareholders and partners are entitled

IMPORTANT: Schedule K-40C cannot be filed by

COLUMN 14—Amount of any nonresident owner

to the same number of exemptions as claimed

a trust (file a Kansas Fiduciary Income Tax return,

withholding tax reported on Form KW-7S and paid

on their federal income tax return. If the Kansas

Form K-41), or for any tax year that the S corporation

with Form KW-7. Enter total amount of Column

filing status in column 5 is “Head of Household,”

or partnership is claiming a special tax credit or a net

14 on the applicable line of Form K- 40.

enter one additional exemption.

operating loss (NOL).

COLUMN 7—Exemption allowance. Multiply the

COLUMN 15—Balance due or refund: Add columns

If your partnership or S corporation qualifies to

number of exemptions from column 6 by $2,250.

13 and 14 and subtract from column 12. Enter

complete a composite income tax return, the Kansas

the total amount from K-40C on the applicable

COLUMN 8—The shareholders or partners must use

Individual Income Tax Return, Form K-40, must be

line of Form K-40 for either a balance due or

the standard deduction on a composite return:

completed for the partnership or S corporation in that

refund.

The Kansas standard deduction is as follows:

specific entity’s name and EIN. The totals from the

Line number references are subject to change.

K-40C (columns 12 through 15) will be transferred to

Standard

Addt’l Standard

Form K-40. Enclose a copy of the K-40C with Form

Filing Status

Deduction Base

Deduction**

TAXPAYER ASSISTANCE

K-40. Each composite return shall be filed and any

Single

$3,000

$850

applicable tax paid by the partnership or S corporation

on or before the 15th day of the fourth month following

If you need assistance in completing this schedule

Head of Household

$5,500

$850

the close of the taxable year of the partnership or

contact KDOR:

Married Filing Joint

$7,500

$700

S corporation.

Tax Operations

Married Filing Separate

$3,750

$700

Docking State Office Building, 1st fl.

SPECIFIC COLUMN INSTRUCTIONS

**An additional deduction amount is allowed for persons who

915 SW Harrison St.

are age 65 or over and/or blind.

Topeka, KS 66612-1588

COLUMN 1—Enter the names of nonresident

COLUMN 9—Kansas taxable income. Income subject

Phone: (785) 368-8222

shareholders or partners (owners).

to Kansas income tax (subtract the total of

Fax: (785) 291-3614

COLUMN 2—Enter the Social Security number of

columns 7 and 8 from column 4).

each nonresident owner.

Additional copies of this schedule and other tax

COLUMN 10—Tax before allocation. This is derived

forms are available from our web site at:

COLUMN 3—Enter the nonresident owners’ state of

by applying Kansas tax computation schedule to

the amount in column 9.

residence.

Form K-40c - Kansas Composite Income Tax Schedule Page 2

Related Articles

Related forms

Related Categories