Form 720s - Kentucky S Corporation Income Tax And Llet Return

__ __ __ __ __ __

720S

*0900010256*

Kentucky Corporation/LLET Account Number

41A720S

S C

ENTUCKY

ORPORATION

Department of Revenue

2009

LLET R

NCOME

AX AND

ETURN

➤

See separate instructions.

Taxable period beginning _______________ , 2009, and ending _______________ , 20 ___ ___ .

__ __ / __ __

Federal

Taxable Year Ending

Check applicable box(es):

__ __ – __ __ __ __ __ __ __

Identiﬁ cation Number

Mo.

Yr.

LLET

State and Date of Incorporation

Name of S Corporation (Print or type)

Receipts Method

Gross Receipts

Gross Proﬁ ts

Principal Business Activity in KY

$175 minimum

Number and Street

Nonﬁ ling Status Code

NAICS Code Number

(Relating to Kentucky Activity)

City

State

ZIP Code

Telephone Number

(See )

Enter Code _____ _____

Check if applicable:

Qualiﬁ ed investment pass-through entity

LLC

Initial return

Final return (attach explanation)

Income Tax Return

Short-period return (attach explanation)

Amended return

Change of name

Change of address

Change of accounting period

Nonﬁ ling Status Code

Number of Shareholders (Attach K-1s)

➤ ___________________________________________

Enter Code _____ _____

Number of QSSSs Included in This Return (Attach Schedule)

➤ ________________________________________________

PART I—ORDINARY INCOME (LOSS) COMPUTATION

8. Extension payment .............................

9. Prior year’s tax credit ..........................

1. Federal ordinary income (loss) (see

10. Income tax overpayment from

instructions) ...........................................

Part III, line 11 ...................................... 10

ADDITIONS

11. LLET due (line 6 less lines 7

2. State taxes .............................................

3. Federal depreciation (do not include

through 10) ..........................................

Section 179 expense deduction) ..........

12. LLET overpayment (lines 7

4. Related party expenses.........................

through 10 less line 6) ......................... 12

5. Other (attach Schedule O-PTE) .............

13. Credited to 2009 income tax .............. 13

6. Total (add lines 1 through 5) ................

14. Credited to 2010 LLET ......................... 14

SUBTRACTIONS

15. Amount to be refunded ...................... 15

7. Federal work opportunity credit...........

PART III—INCOME TAX COMPUTATION

8. Kentucky depreciation (do not include

Section 179 expense deduction) ..........

1. Excess net passive income tax ............

9. Other (attach Schedule O-PTE) .............

2. Built-in gains tax ...................................

10. Kentucky ordinary income (loss)

3. Tax installment on LIFO recapture ......

(line 6 less lines 7 through 9) ............... 10

4. Total income tax liability (add lines

1, 2 and 3) ..............................................

PART II—LLET COMPUTATION

5. Estimated tax payments

1. Schedule LLET, Section D, line 1 .........

Check if Form 2220-K attached .....

2. Recycling/composting equipment

6. Extension payment ..............................

recapture ...............................................

7. Prior year’s tax credit ...........................

8. LLET overpayment from Part II,

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

line 13 ....................................................

4. Nonrefundable LLET credit from

9. Tax due (line 4 less lines 5 through

Kentucky Schedule(s) K-1 ....................

8) ............................................................

5. Nonrefundable tax credits

10. Tax overpayment (lines 5 through 8

(Schedule TCS) ......................................

less line 4) .............................................. 10

6. LLET liability (greater of line 3 less

11. Credited to 2009 LLET .......................... 11

lines 4 and 5 or $175 minimum) .........

12. Credited to 2010 income tax ................ 12

7. Estimated tax payments ......................

13. Amount to be refunded ....................... 13

➤

TAX PAYMENT SUMMARY (Round to nearest dollar)

Federal

Form

1120S, all pages and

any supporting schedules must be

LLET

INCOME

attached.

1. LLET due (Part II, Line 11)

$___________________

1. Income tax due (Part III, Line 9)

$___________________

Make check payable to:

2. Penalty

$___________________

2. Penalty

$___________________

Kentucky State Treasurer

3. Interest

$___________________

3. Interest

$___________________

Mail return with payment to:

4. Subtotal

$___________________

4. Subtotal

$___________________

Kentucky Department of Revenue

Frankfort, Kentucky 40620

TOTAL PAYMENT (Add Subtotals) ..............................................................➤ $ _________________________________________

Form 720s - Kentucky S Corporation Income Tax And Llet Return - 2009

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