Form 41a765(I) - Kentucky Partnership Income And Llet Return Instructions

Cost of Collection Fees

LLET Nonfiling Status Code—Return Not Required

(a) 25 percent on all taxes which become due and owing

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

for any reporting period, regardless of when due. These

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

collection fees are in addition to all other penalties provided

Failure to include a valid code will delay the processing of

by law. KRS 131.440(1)(b)

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

of taxes and penalties.

(b) 25 percent on all taxes assessed and collected by the

Department of Revenue for taxable periods ending before

October 1, 2011. KRS 131.440(1)(b)

REASON

CODE

period for nonfiled returns eligible for amnesty. KRS

131.440(1)(b)

A property or facility which has been certified

FORM 765—SPECIFIC INSTRUCTIONS

as a fluidized bed energy production facility as

defined in KRS 211.390.

Period Covered

An alcohol production facility as defined in KRS

247.910.

File the 2012 return for calendar year 2012 and fiscal years that

begin in 2012. For a fiscal year, fill in the taxable period beginning

A publicly traded partnership as defined in

and ending at the top of Form 765.

Section 7704(b) of the Internal Revenue Code

that is treated as a partnership for federal tax

All partnerships must enter Taxable Year Ending at the top right

purposes under Section 7704(c) of the Internal

of Form 765 and supporting forms and schedules to indicate the

Revenue Code, or its publicly traded partnership

ending month and year for which the return is filed.

affiliates. “Publicly traded partnership affiliates”

shall include any limited liability company or

• A calendar year is a period from January 1 through

limited partnership for which at least eighty

December 31 each year. This would be entered as:

percent (80%) of the limited liability company

member interests or limited partner interests are

owned directly or indirectly by the publicly traded

partnership.

1 2 1 2

__ __ / __ __

A qualified investment pass-through entity as

Mo.

Yr.

defined in KRS 141.206(15).

• A fiscal year is 12 consecutive months ending on the last day

Item C—Income Return Nonfiling Status Code—Return Not

of any month except December. A fiscal year ending January

Required

31, 2013, would be entered as:

If the partnership is not required to file a Kentucky partnership

income return, enter the following two-digit code in the space

0 1 1 3

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

__ __ / __ __

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

Mo.

Yr.

of taxes and penalties.

REASON

CODE

• A 52/53-week year is a fiscal year that varies between 52 and

53 weeks. Example: A 52/53-week year ending the first week

of January 2013, would be entered as:

This return contains only the LLET as the

partnership is exempt from filing a Kentucky

income return as provided by Public Law 86-

272.

1 2 1 2

__ __ / __ __

Mo.

Yr.

Item D—Enter the partnership’s federal identification number.

See federal Publication 583 if the partnership has not obtained

this number.

Failure to properly reflect the Taxable Year Ending may result

Name and Address—Print or type the name of the partnership

in delinquency notices or billings for failure to file.

as set forth in the Articles of Organization. For the address,

include the suite, room or other unit number after the street

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

address. If the U.S. Postal Service does not deliver mail to the

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

street address and the partnership has a P.O. Box, show the

schedule and on all checks and correspondence. This number

box number instead of the street address.

was included in correspondence received from the Department

of Revenue at the time of registration.

Telephone Number—Enter the business telephone number of

the partner or member signing the return.

Item B—Check the box indicating the method used in

determining the amount of LLET due on the Schedule LLET,

State and Date of Organization—Enter the entity’s state and

Section D, Line 1.

date of organization.

Form 41a765(I) - Kentucky Partnership Income And Llet Return Instructions - 2012 Page 7

Related Articles

Related forms

Related Categories