Form 740-Np - Kentucky Income Tax Return Nonresident Or Part-Year Resident - 2012 Page 8
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60• Relationship—The taxpayer’s child or stepchild (whether by
The department may provide official information on a confi-
blood or adoption), foster child, sibling or stepsibling, or a
dential basis to the Internal Revenue Service or to any other
descendant of one of these.
governmental agency with which it has an exchange of infor-
• Residence—Has the same principal residence as the tax-
mation agreement whereby the department receives similar
payer for more than half the tax year. A qualifying child is
or useful information in return.
determined without regard to the exception for children of
divorced or separated parents. Other federal exceptions
REPORTING PERIODS AND ACCOUNTING PROCEDURES—
apply.
Kentucky law requires taxpayers to report income on the
• Age—Must be under the age of 19 at the end of the tax year,
same calendar or fiscal year and to use the same methods of
or under the age of 24 if a full-time student for at least five
accounting as required for federal income tax purposes. Any
months of the year, or be permanently and totally disabled
federally approved change in accounting period or methods
at any time during the year.
must be reported to the Kentucky Department of Revenue.
• Support—Did not provide more than one-half of his/her
Attach a copy of the federal approval.
own support for the year.
Changes to federal income tax law made after the Internal
Modified Gross Income—Modified gross income is the greater
Revenue Code reference date contained in KRS 141.010(3)
of federal adjusted gross income adjusted to include inter-
shall not apply for purposes of Chapter 141 unless adopted
est income derived from municipal bonds (non-Kentucky)
by the General Assembly.
and lump-sum pension distributions not included in federal
adjusted gross income; or Kentucky adjusted gross income ad-
POLITICAL PARTY FUND DESIGNATION—You may designate
justed to include lump-sum pension distributions not included
that a portion of your taxes will be paid to either the Democratic
in federal adjusted gross income.
or Republican parties if you have a tax liability of at least $2 ($4
for married persons filing joint returns). This designation will
Chart A
not increase your tax or decrease your refund. You may make
Your Modified Gross
this designation by checking the applicable box. A husband
If Your Family Size is:
Income is greater than:
and wife may each make a designation. Persons making no
designation should check the "No Designation" box.
One ............................. and ............................ $ 11,170
FILING STATUS—Legal liabilities are affected by the choice
Two ............................ and ............................ $ 15,130
of filing methods. Married persons who file joint returns are
Three .......................... and ............................ $ 19,090
jointly and severally liable for all income taxes due for the
period covered by the return. If married, you may file separate
Four or More ............. and ............................ $ 23,050
or joint returns. Most married persons pay less tax if they file
separate returns.
WHEN TO FILE—April 15, 2013, is the filing deadline for
Filing Status 1, Single—Use this filing status if you are
persons reporting income for calendar year 2012. To avoid
unmarried, divorced, widowed, legally separated by court
penalties and interest, returns must be postmarked no later
decree, or if you filed as "Head of Household" or "Qualifying
than April 15, 2013.
Widow(er)" on your federal return.
Social Security Number—You are required to provide your
Filing Status 2, Married Filing Joint Return—Use this filing
social security number per Section 405, Title 42, of the United
status if you and your spouse choose to file a joint return even
States Code. This information will be used to establish your
if one spouse had no income. Jointly means that you and your
identity for tax purposes only.
spouse add your incomes together and report the total on page
4, Section D, Column B, Lines 1 through 34.
AMENDED RETURNS—If you discover that you omitted
deductions or otherwise improperly prepared your return, you
Filing Status 3, Married Filing Separate Returns—If using this
may obtain a refund by filing an amended return within four
filing status, you and your spouse must file two separate tax
years of the due date of the original return. You are required
forms. The husband's income is reported on one tax form, the
to file an amended return to report omitted income.
wife's on the other. When filing separate returns, the name and
Social Security number of each spouse must be entered on
When filing an amended return, check the box on Form 740-NP
both returns. Enter the spouse's Social Security number in the
and attach a detailed explanation of the changes to income,
block provided, and enter the name on page 1, Line 3.
deductions and tax. Submit a completed Kentucky return and
corrected federal schedules, if applicable. If you do not attach
DETERMINING YOUR INCOME
the required information, processing of your amended return
may be delayed.
SECTION D—INCOME/ADJUSTMENTS TO INCOME
COMPOSITE RETURNS—Beginning with tax year 2009, the fil-
A copy of pages 1 and 2 of your federal income tax return and
ing of a composite return on Form 740-NP is no longer allowed.
all supporting schedules must be filed with Kentucky Form
You must use Form 740NP-WH, Kentucky Nonresident Income
740-NP. Please clearly identify as "Copy."
Tax Withholding on Net Distributive Share Income Transmittal
Report and Composite Income Tax Return.
INSTRUCTIONS FOR COLUMN A
CONFIDENTIALITY—Kentucky Revised Statute 131.190 requires
the Department of Revenue to maintain strict confidentiality
All entries in Column A should be amounts reported for federal
of all taxpayer records. No employee of the Department of
income tax purposes.
Revenue may divulge any information regarding the tax
returns, schedules or reports required to be filed. However,
Depreciation—Assets Purchased After September 10, 2001
the Department of Revenue is not prohibited from providing
evidence to or testifying in any court of law concerning official
Effective for taxable years ending after September 10, 2001, an
tax records.
individual that for federal income tax purposes elects to utilize
2
ADVERTISEMENT
0 votes
Related Articles
Related forms
Instructions For Form 740-np - Kentucky Income Tax Return Nonresident Or Part-year Resident - 2011
Financial
Form 740-np - Kentucky Individual Incometax Return Nonresident Or Part-year Resident - 2012
Financial
Form 740-np - Kentucky Individual Incometax Return Nonresident Or Part-year Resident - 2013
Financial
Form Ar1000nr - Arkansas Individual Income Tax Return Nonresident And Part Year Resident - 2012
Financial
Form 740-np - Kentucky Individual Income Tax Return Nonresident Or Part-year Resident - 2007
Financial
Form 740-np - Kentucky Individual Income Tax Return Nonresident Or Part-year Resident - 2014
Financial
Form 740-np - Kentucky Individual Income Tax Return Nonresident Or Part-year Resident - 2016
Financial
Related Categories
Parent category: Financial