Form 720-Amended - Amended Kentucky Corporation Income Tax Return
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1
2__ __ __ __ __ __
C
720-AMENDED
Kentucky Corporation Account Number
*1100020202*
41A720-S2 (10-11)
A
K
MENDED
ENTUCKY
Commonwealth of Kentucky
C
I
T
R
ORPORATION
NCOME
AX
ETURN
DEPARTMENT OF REVENUE
(Pass-Through Corporations Use Applicable Forms)
See instructions.
➤
For tax periods beginning on or after January 1, 2005 and before January 1, 2007.
Taxable period beginning ________________ , 200___ , and ending ________________ , 200___ .
__ __ / __ __
B
Federal
A
If filing consolidated,
Taxable Year Ending
__ __ – __ __ __ __ __ __ __
Identification Number
check the appropriate
Mo.
Yr.
box. See instructions.
Name of Corporation
State and Date of Incorporation
Consolidated
Number and Street
Principal Business Activity in KY
Election
Made prior
to 2005, attach
City
State
ZIP Code
Telephone Number
NAICS Code Number
Form 722.
(Relating to Kentucky Activity)
(See )
Mandatory
D
Name of Common Parent
Kentucky Corporation Account Number
Nexus
__ __ __ __ __ __
Explanation of Changes Made to the Original Return (attach schedule if necessary)
PART I—TAXABLE INCOME COMPUTATION
PART II—TAX COMPARISON
1. Income tax from Part I (multiply line 26
1. Federal taxable income (Form 1120, line 28;
by rates) (see instructions) ..................................
1
00
Form 1120A, line 24) ............................................
1
00
ADDITIONS:
2. Alternative minimum (AMC) .............................
2
00
2. Interest income (state and local obligations) .....
2
00
PART III—TAX COMPUTATION
3. State taxes based on net/gross income .............
3
00
1. Tax liability (Part II, greater of line 1, line 2
4. Depreciation adjustment .....................................
4
00
or $175 minimum)...............................................
1
00
5. Deductions attributable to nontaxable income .
5
00
2. Recycling/composting equipment tax credit
6. Related party expenses .......................................
6
00
recapture ..............................................................
2
00
7. Pass-through loss(es) from other corporation(s)
3. Total (add lines 1 and 2) (if $175 minimum,
subject to Kentucky corporation income tax ......
7
00
skip line 4 and enter on line 5) ...........................
3
00
8. Domestic production activities deduction .........
8
00
9. Other (attach schedule) ........................................
9
00
4. Total credits .........................................................
4
00
10. Revenue Agent Report (RAR) ..............................
10
00
5. Amended tax liability (line 3 less line 4)
11. Total (add lines 1 through 10) .............................
11
00
($175 minimum) ..................................................
5
00
SUBTRACTIONS:
6. Estimated tax payments .....................................
6
00
12. Interest income (U.S. obligations) ......................
12
00
7. Extension tax payment .......................................
7
00
13. Dividend income ..................................................
13
00
8. Prior year’s credit ................................................
8
00
14. Federal work opportunity credit .........................
14
00
9. Tax paid on original return .................................
9
00
15. Depreciation adjustment .....................................
15
00
16. Pass-through income from other corporation(s)
10. Refund on original return ...................................
10
00
subject to Kentucky corporation income tax ......
16
00
11. Credited to 20__ __ return ..................................
11
00
17. Other (attach schedule) ........................................
17
00
12. Tax due (total of lines 5, 10 and 11 less
18. Revenue Agent Report (RAR) ...............................
18
00
total of lines 6 through 9) ...................................
12
00
19. Net income (line 11 less lines 12 through 18) ....
19
00
13. Tax refund (total of lines 6 through 9
20. Current net operating loss adjustment
less total of lines 5, 10 and 11) ...........................
13
00
(mandatory nexus only) .........................................
20
00
➤ Amended Federal Form 1120 or 1120A,
21. Kentucky net income (add lines 19 and 20) .......
21
00
all pages, and any supporting schedules
22. Taxable net income
must be attached.
(attach Schedule A if applicable) .........................
22
00
23. Net operating loss deduction (NOLD) ................
23
00
24. Taxable net income after NOLD
(line 22 less line 23) .............................................
24
00
Make check(s) payable to:
Kentucky State Treasurer
25. Kentucky domestic production activities
Mail return with payment to: Kentucky Department of Revenue
deduction (KDPAD) ..............................................
25
00
Frankfort, Kentucky 40620
26. Taxable net income after KDPAD ........................
26
00
TAX PAYMENT SUMMARY (Round to Nearest Dollar)
TAX (check applicable box)
Income
AMC Gross Receipts
AMC Gross Profits
Minimum $175
1. Tax ..............................................................................................................................................
$
2. Penalty ........................................................................................................................................
$
3. Interest .......................................................................................................................................
$
4. TOTAL (Including Penalty and Interest) .............................................................................. ➤ $
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