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

__ __ __ __ __ __

720S

*1300010256*

Kentucky Corporation/LLET Account Number

41A720S

S C

ENTUCKY

ORPORATION

Department of Revenue

2013

LLET R

See instructions.

NCOME

AX AND

ETURN

➤

Taxable period beginning _______________ , 201 ___, and ending _______________ , 201 ___ .

__ __ / __ __

Federal

Taxable Year Ending

Check applicable box(es):

__ __ – __ __ __ __ __ __ __

Identification Number

Mo.

Yr.

LLET

Kentucky Secretary of State

Name of S Corporation

Receipts Method

Organization Number



Gross Receipts



Gross Profits

State and Date of Incorporation



$175 minimum

Number and Street

Principal Business Activity in KY

Nonfiling Status Code

NAICS Code Number

City

State

ZIP Code

Telephone Number

Enter Code _____ _____

(Relating to Kentucky Activity)

(See )

Check if applicable:

 Qualified investment pass-through entity  LLC  Initial return  Final return (Complete Part IV)

Income Tax Return

 Short-period return (Complete Part IV)  Amended return (Complete Part V)  Change of name  Change of address

 Change of accounting period

Nonfiling 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

9. Film industry tax credit ........................

10. Extension payment ............................. 10

1. Federal ordinary income (loss) (see

11. Prior year’s tax credit .......................... 11

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

12. Income tax overpayment from

ADDITIONS

Part III, line 11 ..................................... 12

2. State taxes based on net/gross income ..

13. LLET due (line 6 less lines 7

3. Federal depreciation (do not include

through 12) .......................................... 13

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

14. LLET overpayment (lines 7

4. Related party expenses (attach Schedule RPC)

through 12 less line 6) ........................ 14

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

15. Credited to 2013 income tax .............. 15

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

16. Credited to 2014 LLET ......................... 16

SUBTRACTIONS

17. Amount to be refunded ...................... 17

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

8. Kentucky depreciation (do not include

PART III—INCOME TAX COMPUTATION

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

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

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

10. Kentucky ordinary income (loss)

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

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

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

4. Total (add lines 1 through 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 ..............................

tax credit recapture ..............................

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

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

8. LLET overpayment from Part II,

4. Nonrefundable LLET credit from

line 15 ....................................................

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

9. Income tax due (line 4 less lines 5

5. Nonrefundable tax credits

through 8) ..............................................

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

10. Income tax overpayment (lines 5

6. LLET liability (greater of line 3 less

through 8 less line 4) ............................. 10

11. Credited to 2013 LLET .......................... 11

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

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

12. Credited to 2014 corporation income tax . 12

8. Certified rehabilitation tax credit ........

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

TAX PAYMENT SUMMARY (Round to nearest dollar)

OFFICIAL USE ONLY

➤

Federal Form 1120S, all pages

LLET

INCOME

and any supporting schedules

must be attached.

1. LLET due

1. Income tax due

(Part II, Line 13)

$___________________

(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 Dept. of Revenue

Frankfort, Kentucky 40620

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

Form 720s - Kentucky S Corporation Income Tax And Llet Return - 2013

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