Form 06-05-04 Instructions (Page 2 of 4) in pdf

When to File:

Form NP must be delivered or postmarked by the 15th day of the 4th month after the end of the tax (fiscal) year.

Form 1099-SF must be delivered or postmarked by February 28th following the close of the calendar year in which non employee compensation payments

were made (See instructions for Form 1099-SF).

Extensions:

An extension of time for not more than six months from the original due date for filing its Net Profit Return (Form NP) will be granted to any business entity

so requesting. The extension request must be written and must be postmarked or hand delivered to the City of Henderson on or before the original due

date prescribed for filing the Net Profit Return.

The extension request should be submitted using Form NPE (Application for Extension of Time to File Net Profit Return), or by submitting a copy of the

taxpayer's federal extension request Form 4868, 8736, or 7004. The extension request shall set out the taxpayers name and account number, the period of

time for which the extension is requested and the reason for the request.

An extension of time for filing the Net Profit Return does not extend the time for payment of the tax. Interest at the rate of 1% per calendar month, or part of

a month, shall apply to any unpaid tax during the time of extension. Penalty shall apply to any extension request received late or any failure to file by the

extended due date. Penalty shall be at the rate of 5% per calendar month, or part of a calendar month, with a maximum penalty of 25%. However, the

penalty shall never be less than $25.

Where to File:

All returns should be delivered or mailed to the City of Henderson at PO Box 671, 222 First Street, Henderson, Kentucky 42419-0671.

Signature:

If the return is being filed by a corporation, it must be signed and dated by the president, vice-president, treasurer, assistant treasurer, chief accounting

officer or any other corporate officer authorized to sign. If the return is being filed by a partnership, it must be signed by a general partner. If the return is

being filed by a sole proprietor, it must be signed by that individual. Additionally, the licensee who signs the return must print his/her name in the area

provided.

Accounting Methods:

SEPARATE ACCOUNTING METHOD - is not permitted in the filing of this return. Therefore, if any entity has operations both within and outside

Henderson, then the total profit or loss per the Federal return of the entity should be reported on this return. The total profit or loss is to be multiplied by the

average percentage of receipts and wages earned in the City of Henderson as calculated in the apportionment formula (Lines 19-22), rather than reporting

only the net profit or loss from those operations in Henderson.

Rounding Off to Whole Dollar Amounts:

You may round off cents on the return and accompanying schedules to the nearest whole dollar. To do so, drop any amounts less than 50 cents and

increase any amounts from 50 cents through 99 cents to the next highest dollar.

Penalties:

Failure to File - There is a 5% penalty per calendar month or a fraction of a month to a maximum of 25% for failure to file a return by the regular or extended

date. The minimum penalty is $25.00.

Interest:

Interest is computed at 1% per month from the original due date until the time of payment. A fraction of a calendar month is counted as an entire month.

Form 06-05-04

Revised 8/27/2013

Form 06-05-04 Instructions Page 2

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