Form 41a720s(I) - Kentucky S Corporation Income Tax And Llet Return

Item A—Enter the six-digit Kentucky Corporation/LLET

State and Date of Incorporation—Enter the state and date of

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

incorporation of the corporation filing this return.

and schedule and on all checks and correspondence. This

number was included in correspondence received from the

Principal Business Activity in Kentucky—Enter the principal

Department of Revenue at the time of registration. If the account

business activitiy of the corporation filing this return.

number is not known, telephone (502) 564–8139.

N o r t h A m e r i c a n I n d u s t r i a l C l a s s i f i c a t i o n S y s t e m

Item B—Check the box indicating the method used in determining

(NAICS)—Enter your six–digit NAICS code. To view a complete

the amount of LLET due on the Schedule LLET, Section D, line 1.

listing of NAICS codes, visit the United States Census Bureau

LLET Nonfiling Status Code—Return Not Required

Item E—Check the applicable boxes:

If the S corporation is not required to file an LLET return, enter

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

(a) Qualified Investment Pass–through Entity—Check the box

to indicate the S corporation is a qualified investment

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

pass–through entity as provided by KRS 141.206(15)(a).

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

taxes and penalties.

(b) LLC—Check this box if the S corporation is organized as a

limited liability company (LLC).

REASON

CODE

first time filing an S corporation income tax return in

A public service corporation subject to tax under

Kentucky. Complete questions 1, 2 and 3 on Schedule

KRS 136.120.

Q—Kentucky S Corporation Questionnaire.

A property or facility which has been certified as a

(d) Final Return—Check this box if this is the S corporation’s

fluidized bed energy production facility as defined

final return. The S corporation has dissolved or withdrawn.

in KRS 211.390.

Submit an explanation.

An alcohol production facility as defined in KRS

247.910.

(e) Short–period Return—Check this box and submit an

explanation for a short-period return that is not an initial

A personal service corporation as defined in

return.

Section 269A(b)(1) of the Internal Revenue Code.

(f) Amended Return—Check this box if this is an amended

A qualified investment pass-through entity as

return. Attach statement giving explanation of changes

defined in KRS 141.206(15).

to net income, apportionment factor and/or taxes.

(g) Change of Name—Check this box if the corporation has

Item C—Income Tax Nonfiling Status Code—Return Not

changed its name.

Required

(h) Change of Address—Check this box if the corporation has

If the S corporation is not required to file an income tax return,

changed its address.

enter the following two–digit code in the space provided. Failure

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

(i)

Change of Accounting Period—Check this box if the

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

corporation has changed its accounting period. Attach

and penalties.

a statement to the tax return showing the corporation’s

taxable year end before the change and its new taxable

year end. If the corporation received written approval from

REASON

the Internal Revenue Service to change its taxable year,

REASON

CODE

attach a copy of the letter.

This return contains only the LLET as the corporation

Item F—Enter the number of shareholders on the first line,

is exempt from income tax as provided by Public

and enter the number of QSSSs included on this return on

Law 86–272.

the second line.

Item D—Enter the S corporation’s federal identification number.

PART I—ORDINARY INCOME (LOSS) COMPUTATION

See federal Publication 583 if the corporation has not obtained

this number.

Line 1—Enter the amount from federal Form 1120S, Line 21,

ordinary income (loss) from trade or business activities. Attach

Name and Address—Print or type the corporation’s name as

Form 1120S, all pages.

set forth in the charter. For the address, include the suite, room

or other unit number after the street address. If the U.S. Postal

Additions to Federal Ordinary Income—Lines 2 through 5

Service does not deliver mail to the street address and the

itemize additional income or unallowed deductions which are

corporation has a P.O. Box, show the box number instead of

differences between federal ordinary income and Kentucky

the street address.

ordinary income.

Telephone Number—Enter the business telephone number

Line 2—Enter state taxes measured in whole or in part by gross

of the principal officer or chief accounting officer signing this

or net income. “State” means any state of the United States,

return.

the District of Columbia, the Commonwealth of Puerto Rico,

Form 41a720s(I) - Kentucky S Corporation Income Tax And Llet Return - 2012 Page 8

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