Form 740-V - Kentucky Electronic Payment Voucher

Can You File Your Kentucky State Return With TeleFile?

You can file your Kentucky return with TeleFile only if:

You have received the IRS federal TeleFile tax

package and the Kentucky TeleFile tax pack-

age. You cannot file the Kentucky return by

Telefile if you have not received the IRS

TeleFile tax package.

You are eligible and plan to file your federal

return by TeleFile. (See the IRS TeleFile tax

package.)

You meet all of the following Kentucky requirements:

♦ You were a Kentucky resident for all of 1998.

♦ Kentucky was the only state that withheld state income taxes on your W-2s.

♦ You are single and claim only yourself as a tax credit.

♦ You do not itemize your Kentucky deductions.

Kentucky Form 740-T Individual Income TeleFile Tax Record Step-By-Step Instructions

Be sure you are eligible to file your Kentucky Form 740-T with TeleFile (see requirements above).

W-2 Information—Make sure you have all your W-2s from

Line G, Contributions—Amounts can only be contributed

all jobs you had in 1998. During the call, TeleFile will ask

if you have an overpayment. Any amounts contributed to

for the amount of state tax withheld (Box 18 on Form W-2)

these funds will decrease the amount of your refund. For

and the Employer's state ID number (Box 16 on Form W-2).

a description of each fund, see the TeleFile General Infor-

You will need to round all money amounts to the nearest

mation which appears elsewhere in this packet.

whole dollar. For more information, see the back of your

Kentucky TeleFile Tax Record.

Line H, Amount of Your

Refund—TeleFile will compute

and tell you the amount of your refund, if any.

Your refund

Note: If you have more than one W-2, you will enter infor-

will be mailed to you at the address on your federal tax

mation from one W-2 at a time. TeleFile will accept up to

record; or you can have it deposited to your bank or credit

10 W-2s.

union account.

Line A, Political Party Fund—If you would like to desig-

Line I, Amount You

Owe—TeleFile will compute and tell

nate $2 to a political party fund, mark an “X” in the

you the amount you owe, if any.

If your return results in a

appropriate box. The designation will not change the

balance due, and is filed before April 1, 1999, you will be

amount of your refund or tax due.

issued a payment voucher by the Revenue Cabinet. How-

ever, if you wish to pay the balance due before you receive

Line B, Direct Deposit of Refund—You can choose to have

the payment voucher or you TeleFile your return after April

your refund sent directly to your bank or credit union

1, 1999, you should submit your payment using Form

account. Complete Line B if you did not have direct deposit

740-V, Kentucky Electronic Payment Voucher (see inside

on the federal return. If this information is not correct,

back cover for voucher, taxpayer assistance locations and

the direct deposit request will be rejected and a check

phone numbers). You must pay the amount you owe by

will be issued.

April 15, 1999, to avoid interest and late payment pen-

alty. Write your Social Security number and “KY Income

Routing Transit Number (RTN)—The RTN must contain

Tax—1998” on the check.

nine digits and begin with the numbers 01 through 12 or

21 through 32.

Enter Confirmation Number—Stay on the line until you

get your TeleFile Confirmation Number. This number is

Depositor Account Number (DAN)—The DAN can con-

the record of your return being filed. If you hang up be-

tain up to 17 alphanumeric characters including hyphens.

fore you receive the confirmation number or TeleFile tells

Spaces and special characters should be omitted. Leave

you that you cannot file by phone, you must file a paper

any unused boxes blank.

return, Form 740-EZ.

Lines C Through F—Before calling, you do not need to

Keep this Form 740-T for your tax records. DO NOT

complete these lines. During the call, TeleFile will com-

MAIL!

pute these line items and tell you what amounts to write

on Lines C through F.

Amended Returns—If you made a mistake on your

The phone number is on the federal TeleFile Tax Record

TeleFile return, you must file Form 740-X, Amended Ken-

that you received from the IRS. (Be sure to complete the

tucky Individual Income Tax Return, to make necessary

top half of your federal tax record before calling.)

corrections.

Form 740-V - Kentucky Electronic Payment Voucher - 1998 Page 6

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