Form 765 - Kentucky Partnership Income Tax Return (Llc, Llp And Lp Taxed As A Corporation) - 2005
ADVERTISEMENT
1
2
3
42005
K
P
I
T
R
ENTUCKY
ARTNERSHIP
NCOME
AX
ETURN
765
(LLC, LLP and LP TAXED AS A CORPORATION)
Taxable Year Ending
41A765
➤ See separate instructions.
__ __ / __ __
Department of Revenue
Taxable period beginning __________________ , 2005, and ending __________________ , 200___ .
Mo.
Yr.
B
C
Federal
Kentucky Corporation
__ __ – __ __ __ __ __ __ __
A
Number of
__ __ __ __ __ __
Identification Number
Account Number
Partners
Name of Partnership (Place preaddressed label here; otherwise print or type.)
State and Date of Organization
(Attach K-1s)
➤
Principal Business Activity in KY
Number and Street
D
Type of Return
NAICS Code Number
Separate Return
(Relating to Kentucky Activity)
City
State
ZIP Code
Telephone Number
(See )
Nexus
Consolidation
E Check if applicable:
Final return (attach explanation)
LLC
LP
LLP
Initial return
Amended return
Short-period return (attach explanation)
Change of name
Change of address
PART I—TAXABLE INCOME COMPUTATION
24. Current net operating loss adjustment .............
25. Income (loss) after NOL limitation
1. Kentucky ordinary income (loss)
(add lines 23 and 24) ..........................................
(from Schedule K, Section I, line 1) ....................
2. Net income (loss) from rental real estate
26. Taxable net income (loss) (amount from
line 25 or Schedule A) .......................................
activities ...............................................................
PART II—ALTERNATIVE MINIMUM (AMC)
3. Net income (loss) from other rental activities ....
4. Interest income ....................................................
Gross Receipts
5. Royalty income ....................................................
1. Kentucky gross receipts (less Kentucky
6. Net short-term capital gain .................................
returns and allowances) ....................................
7. Net long-term capital gain ...................................
2. Tax (line 1 multiplied by .00095) .......................
8. Other portfolio income (loss) ..............................
Gross Profits
9. Section 1231 net gain (loss) (other than due
3. Kentucky gross receipts ....................................
to casualty or theft) ..............................................
(a) Less Kentucky returns and allowances .....
10. Other income (loss) .............................................
(b) Less Kentucky cost of goods sold .............
11. Total additions (add lines 1
4. Gross profit (subtract lines 3(a) and 3(b)
through 10) ...........................................................
from line 3) .........................................................
12. Other income (loss) (KRS 141.010(12)):
5. Tax (line 4 multiplied by .0075) .........................
PART III—TAX COMPARISON
(a) Related party expenses (KRS 141.205) .......
(b) Deductions attributable to
1. Regular income tax (see instructions) ..................
nontaxable income .......................................
2. Alternative minimum (AMC) (lesser of
(c) Add net distributable loss from
Part II, line 2 or line 5) ........................................
PART IV—TAX COMPUTATION
corporations .................................................
(d) Subtract net distributable income from
1. Tax liability (Part III, greater of line 1,
corporations .................................................
line 2 or $175 minimum) .....................................
ADDITIONS
(e) Other .............................................................
2. Recycling/composting equipment tax credit
13. Total income after adjustments
recapture ............................................................
(add lines 11 and 12) ............................................
3. Total (add lines 1 and 2) ....................................
14. Charitable contributions (see instructions) ........
SUBTRACTIONS
15. Section 179 expense deduction
4. Total nonrefundable credits from page 2, Part V ..
(Kentucky Form 4562) ..........................................
5. Net tax liability (greater of line 3 less
16. Deductions related to portfolio income (loss) ....
line 4 or $175) .....................................................
17. Other deductions .................................................
6. Estimated tax payments ....................................
18. Section 59(e)(2) expenses ...................................
7. Extension tax payment ......................................
19. Total deductions (add lines 14
8. Prior year's tax credit .........................................
through 18) ...........................................................
9. Tax due ...............................................................
20. Oil and gas depletion ...........................................
10. Tax overpayment ...............................................
21. Other adjustments (KRS 141.010(13)) ................
11. Credited to 2006 .................................................
22. Total deductions (add lines 19 through 21) ........
12. Amount to be refunded .....................................
23. Net income (loss) (line 13 less line 22) ...............
Make check(s) payable to Kentucky State Treasurer and mail return with
payment to Kentucky Department of Revenue, Frankfort, Kentucky 40620.
TAX PAYMENT SUMMARY (Round to Nearest Dollar)
Income
AMC Gross Receipts
AMC Gross Profits
Minimum $175
Tax
Interest
Penalty
TOTAL (Including Penalty and Interest)
➤ ➤ ➤ ➤ ➤ Attach a complete copy of the federal return.
No packet required for 2006.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial