Form K-121s - Kansas Combined Income Method Of Reporting printable pdf download

K-121S

KANSAS

COMBINED INCOME METHOD OF REPORTING

(8/06)

For the taxable year beginning ________________ 20____ , ending _____________________, 20____

Employer Identification Number (EIN)

Name As Shown on Form K-120S

PART I

KANSAS COMBINED NET INCOME

Enter separate corporate names and federal

Corporation A

Corporation B

Eliminations

Combined Income

(Explain Below)

identification numbers

1. Federal ordinary income ..................................................................

2. Total other income (loss) and deductions from federal Schedule K

3. Total (Add lines 1 and 2) ..................................................................

4. Total state and municipal interest .....................................................

5. Taxes on or measured by income or fees or payments in lieu of

income taxes ...................................................................................

6. Other additions to federal taxable income (Enclose schedule) .....

7. Total (Add lines 3 through 6) ...........................................................

8. Interest on U.S. government obligations .........................................

9. IRC Section 78 and 80% of foreign dividends (Enclose schedule)

10. Other subtractions from federal taxable income (Enclose schedule)

11. Total subtractions (Add lines 8, 9, & 10) ........................................

12. Net income before apportionment (Subtract line 11 from line 7) ....

13. Nonbusiness income—Total company (Enclose schedule) ...........

14. Apportionable business income (Subtract line 13 from line 12) ....

15. Percent to Kansas (From line 6, Part II) ..........................................

16. Amount to Kansas (Line 15, Corp. A & B multiplied by line 14

combined income) ............................................................................

17. Nonbusiness income—Kansas (Enclose schedule) ......................

18. Combined report income (Add lines 16 and 17 and enter the result

on line 18, page 1, Form K-120S) ...................................................

EXPLANATION OF ELIMINATIONS:

(Any corporation filing using the combined income method with more than one entity doing business in Kansas may

file one Kansas return reporting the total Kansas combined income on that return.)

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Form K-121s - Kansas Combined Income Method Of Reporting