Form 0706 - Net Profit Tax Return - Boone County Fiscal Court - 2012 Page 2
ADVERTISEMENT
1
2Account #: _________________________
Account Name:___________________________
Year Ended:________________________
FEIN/SSN: _______________________________
Adjusted Business Income Calculation Page (page 2 of Net Profit Return)
Individual
Partnership
Corp and S-Corp
1040 Schedule C, E, F, 1040
Other income, 1099
Form 1065
Form 1120 & 1120S
Non-employee Compensation as reported on Form 1099-Misc reported as "other income"
on Federal Form 1040 (attach Page 1 of Form 1040 and Form 1099)
1
N/A
N/A
Net Profit/Loss per Federal Schedule C of Form 1040 (attach Schedule C, Pages 1 & 2,
Schedule C-EZ)
2
N/A
N/A
3 Rental Income/Loss per Federal Schedule E of form 1040 (attach Schedule E)
N/A
N/A
4 Net farm Profit/Loss per Federal Schedule F of form 1040 (Attach Schedule F, pages 1 & 2)
N/A
N/A
Capital Gain from Federal Form 4797 or form 6252 reported on Schedule D of form 1040
(attach form 4797, Pages 1 & 2 or Form 6252)
5
N/A
N/A
Ordinary Gain/Loss on the sale of property used in trade or business per Federal Form
4797 (Attach Form 4797, pages 1 & 2)
6
N/A
N/A
Ordinary Income/Loss per Federal Form 1065 (Attach Form 1065, Pages 1,2,&3,
Schedule of other Deductions and Rental Schedule(s), if applicable)
7
N/A
N/A
Taxable Income/Loss per Federal Form 1120 or 1120A or Ordinary Income/Loss per
Federal Form 1120S (Attach Form 1120 or 1120A, Pages 1 & 2, Schedule of other
Deductions, and Rental Schedule(s), if applicable)
8
N/A
N/A
Ordinary Income/Loss per Federal Form 1120S (Attach Form 1120S, Pages 1,2 & 3,
Schedule of other Deductions, and Rental Schedule(s), if applicable)
9
N/A
N/A
State Income Taxes and Occupational taxes deducted on Federal Schedule C,E,F, or
Form 1065, 1120, 1120A, or 1120S
10
Additions from Schedule K of Form 1065 or Form 1120S (Attach Schedule K of Form
1065 or 1120S and rental schedule(s), if applicable).
11
12 Net Operating Loss deducted on Form 1120
N/A
N/A
13 Pass thru loss from another entity included on Federal Return
N/A
14 Total Income - Add Line 1 through Line 13
Subtractions from Schedule K of Form 1065 or Form 1120S (Attach Schedule K of Form
1065 or 1120S and rental schedule(s), if applicable).
15
16 KY Alcoholic Beverages (Attach Computation Sheet)
17 Pass thru profit from another entity included on Federal Return
18 Other Adjustment (Attach Schedule)
N/A
19 Non-Taxable Income (Attach Schedule)
20 Professional Expense not reimbursed by the Partnership (Attach schedule of Expenses)
21 Total Deductible Items - Add Lines 15 through 20
22 Adjusted Net Business Income - Subtract Line 21 from Line 14
COMPUTATION OF APPORTIONMENT PERCENTAGES
Column A
Column B
Column C
All licensees who conduct a business activity in Boone County, KY must complete
this part, regardless of profit or loss.
Boone County Factor
Total Operations Everywhere
Boone County % ( A/B=C)
23(a)
23(b)
23(c)
23 Gross Receipts from sales made and/or services rendered
24(a)
24(b)
24(c)
Gross Compensation including wages, salaries and other compensation (see
instructions before completing)
24
25(c)
25 Total Apportionment Factor(add Column C, lines 23 & 24)
N/A
N/A
Apportionment Factor (Column C line 25 divided by the number of percents used). If
26(c)
both lines 23(b)& 24(b) are greater than zero, divide the entry on Line 25(c)by 2 and enter
here. If either Line 23(b) or 24(b) is zero, enter the amount from Line 25 here.
26
N/A
N/A
27(c)
27 Taxable Boone County Net Profit - Multiply Line22 by 26(c) and enter here
N/A
N/A
Boone County Board of
Boone County 430-1 Ordinance (Line
Boone County Mental Health
Education
22)
(Line 22)
see page 1 for maximum
see page 1 for maximum
see page 1 for maximum
28(a)
28(b)
28(c)
28 Allocated Profit Enter Line 27 - transfer to page 1 where appropriate
(Transfer to Line 1 page 1)
(Transfer to Line 6 page1)
(Transfer to Line 11 page 1)
Form 0706-1 - Page 1 of 2
Form 0806-1 - Page 2 of 2
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Legal