Instructions For Form 720 - Kentucky Corporation Income Tax And Llet Return

LLET Nonfiling Status Code—Return Not Required

Income Tax Nonfiling Status Code—Return Not Required

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

If the corporation is not required to file a Kentucky corporation

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

income tax return, enter the following two–digit code in the

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

space provided. Failure to include a valid code will delay the

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

processing of the tax return and may result in a tax notice for

and penalties.

assessment of taxes and penalties.

REASON

CODE

REASON

CODE

A public service corporation subject to tax under

KRS 136.120.

This return contains only the LLET as the

corporation is exempt from income tax as

An open–end registered investment company

provided by Public Law 86-272.

organized under the laws of this state and

registered under the Investment Company Act of

1940.

Item D—Enter the corporation's Federal Identification Number.

A property or facility which has been certified as a

fluidized bed energy production facility as defined

See federal Publication 583 if the corporation has not obtained

in KRS 211.390.

this number.

An alcohol production facility as defined in KRS

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

247.910.

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

A real estate investment trust as defined in Section

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

856 of the Internal Revenue Code.

Service does not deliver mail to the street address and the

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

A captive real estate investment trust as defined

street address.

in KRS 141.010(29).

Telephone Number—Enter the business telephone number of the

A regulated investment company as defined in

Section 851 of the Internal Revenue Code.

principal officer or chief accounting officer signing this return.

A real estate mortgage investment conduit as

Kentucky Secretary of State Organization Number—Enter the

defined in Section 860D of the Internal Revenue

corporation's Organization Number with the Kentucky Secretary

Code.

of State. To find the corporation's organization number, go to

and click on Search Businesses under Online

A personal service corporation as defined in

Business Services. This is NOT the same number as the Kentucky

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

Corporation/LLET Account Number in Section A of Form 720.

A cooperative described in Sections 521 and

1381 of the Internal Revenue Code, including

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

farmers' agricultural and other cooperatives

incorporation of the corporation filing this return.

organized or recognized under KRS Chapter 272,

advertising cooperatives, purchasing cooperatives,

Principal Business Activity in Kentucky—Enter the principal

homeowners associations including those

business activity of the corporation filing this return.

described in Section 528 of the Internal Revenue

Code, political organizations as defined in Section

North American Industrial Classification System (NAICS)—Enter

527 of the Internal Revenue Code, and rural electric

your six–digit NAICS code. To view a complete listing of

and rural telephone cooperatives.

NAICS codes, visit the United States Census Bureau at

Item C—Check the box to indicate whether the corporation is

filing a separate return or a mandatory nexus consolidated

Item E—Enter the name and Kentucky Corporation/LLET Account

return.

Number of the common parent, if different than the corporation

listed in Section D.

Separate Return—A corporation shall file a separate return

unless it is an includible corporation in an affiliate group as

Item F—Check the applicable boxes:

provided by KRS 141.200(11). KRS 141.200(10)

(a) Initial Return—This is the corporation’s first Kentucky tax

Mandatory Nexus Consolidate Return—An affiliated group shall

return filed. Complete questions 1, 2 and 3 on Schedule

file a mandatory nexus consolidated return as provided by KRS

Q—Kentucky Corporation/LLET Questionnaire.

141.200(11) which will include all includible corporations. The

mandatory nexus consolidated return will consist of the common

(b) Final Return—This is the corporation’s final Kentucky tax

parent that is doing business in this state and any includible

return. Check the appropriate box in Part IV—Explanation

corporation(s) doing business in this state. KRS 141.200(9) to

of Final Return and/or Short–Period Return.

141.200(14)

one year and not an initial return or a final return. Check the

appropriate box in Part IV—Explanation of Final Return and/

or Short–Period Return.

(d) Change of name—The corporation has changed its name

since it filed its prior year Kentucky tax return. Attach a

statement to the tax return providing the corporation’s name

used on its prior year Kentucky tax return.

Instructions For Form 720 - Kentucky Corporation Income Tax And Llet Return - 2013 Page 7

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