Kentucky Partnership Return

Transcription

1 KYGen Kentucky Partnership Return General Information KY KYGen (0) Kentucky corporation/llet account number LLET nonfiling status code Income return nonfiling status State of organization (If different from federal postal code) Date business commenced (If different from federal) Kentucky Secretary of State organization number Kentucky withholding account number Kentucky sales and use tax permit number Principal activity in Kentucky (If different from federal) Kentucky business code (If different form federal) Initial return (If different from federal) Amended return (If different from federal) ( = Yes, = No) (Also marks K-'s as amended) Explanation of amended return changes Final return (If different from federal) ( = Yes, = No) (Also marks K-'s as final) Short-period return Explanation of final return / short-period return (=Ceased operations in KY; =Change of ownership; =Successor to previous business; =Change in filing status; =Merger; =Other) Other 7 Change of accounting period Qualified investment partnership Department of revenue discuss return with preparer ( = Yes, = No) (If different from federal) General footnote 7 0 0

2 KYExt Kentucky Extension Extension KY KYExt (0) Calculate extension = Use federal Form 700 = Use Form 0A0 Reason for request Extended due date (For filing instructions)

3 KYKSup Kentucky Schedule K & K- Supplemental Items KY KYKSup (0) View > Interim Closing Annualization Supplemental Items Specially Prt Description Amount Allocate? Cdn* * Enter one of the following codes in the fields in this column: =Schedule K and Schedule K-/default, =Schedule K only, =Schedule K- only

4 KYMisc Kentucky Miscellaneous Income KY KYMisc (0) View > Interim Closing Annualization Interest taxable in Kentucky not in federal return Section 0(i) deferred federal income (Force) Deductions Charitable contributions (00%) Charitable contributions (0%) Charitable contributions (0%) Charitable contributions (0%) Section 0(i) OID deferred federal deduction (Force) Expenses related to tax-exempt income Interest expense on investment debts (Force) Investment income Investment expense included in portfolio deductions (Force) Domestic Production Activities Deduction Enter data only if different from the federal Domestic production gross receipts Cost of goods sold allocable to domestic production gross receipts Directly allocable deductions, expenses and losses Indirectly allocable deductions, expenses and losses Total Kentucky qualified production activities income from partnership return Form W- wages Form W- wages from partnership return Domestic production activities deduction from cooperatives Expanded affiliated group allocation Qualified production activities income (Calculated Code T) Form W- wages (Calculated Code U) Resident Partner Adjustment Combination of Kentucky Sch K- lines through, and part of 7 and (Force) Combination of Federal Sch K- lines through 0, and part of and (Force) Force 0

5 KYPmt Kentucky Payments, Extension, Penalties and Interest Payments KY7 KYPmt (0) Prior year overpayment Total, or: Treat calculated amounts as amounts paid Specific payments if unequal or not timely: st payment nd payment rd payment th payment Paid with extension Date Amount Paid Calculated Amount 7 0 Extension Calculate extension = Use federal Form 700 = Use 00% of current year liability Extended due date (For filing instructions and penalty and interest calculations) Balance due on extension (Force) 7 Penalties and Interest Date return filed (If different from due date of return) Prior year tax Suppress penalties and interest: Underpayment of estimated tax Late interest Failure to file Failure to pay 0

6 KYWPmt Kentucky Withholding Tax Return General Information KY KYWPmt (0) Amended return (If different from Form 7-GP or 7) (= Yes, = No) Prior year overpayment Total, or: Treat calculated amounts as amounts paid Specific payments if unequal or not timely: st payment nd payment rd payment th payment th payment Amount paid with extension Payments Individual/Trust/Estate Date Amount Paid Calculated Amount Prior year overpayment Total, or: Treat calculated amounts as amounts paid Specific payments if unequal or not timely: st payment nd payment rd payment th payment Amount paid with extension Corporate Date Amount Paid Calculated Amount Extension Calculate extension = Use federal Form 700 = Use 00% of current year liability Extended due date (For filing instructions and penalty and interest calculations) Balance due on extension (Force) Penalties and Interest Individual/Trust/Estate 7 Corporate Date return filed (If different from due date of return) Suppress penalties on return Underpayment of estimated tax Late interest Failure to file Failure to pay 0

7 KYAdj Kentucky Adjustments Additions KY KYAdj (0) View > Interim Closing Annualization State taxes Related party expenses Federal allowable depletion Additions to federal taxable income from KY Sch K-(s) Internal revenue code amendments made after December, 0 Other additions 7 Subtractions Federal work opportunity credit Kentucky allowable depletion Tobacco master settlement agreement, Phase II settlement Commodity credit corporation for the tobacco loss assistance program Tobacco quota buydown program Phase II tobacco payments Subtractions to federal taxable income from KY Sch K-(s) Internal revenue code amendments made after December, 0 Other subtractions Inventory at beginning of year Purchases Cost of labor Additional section A costs Other costs Inventory at end of year Explanation of using alternate method Cost of Goods Sold Enter data only if different from federal Kentucky Total Gross receipts (Force) Returns and allowances (Force) Cost of goods sold (Force)(7-GP only) Gross receipts from limited liability entities Gross profits from limited liability entities Kentucky gross profits Total gross profits Limited liability entity tax nonrefundable credit Tax and LLET Kentucky 0 7 Total 0 Apportionment Kentucky Amounts View > Apportionment Total Amounts Sales Property Payroll 7

8 KYWEst Kentucky Withholding Estimates Overpayment Application Individual/Trust/Estate Application of current year overpayment = Refund 00% of overpayment = Apply 00% of overpayment to next year's estimate; refund excess = Apply to first estimate; refund excess = Apply equally to each estimate; refund excess = Apply amount specified below to estimates until exhausted; refund excess = Apply to first and second estimates; refund excess 7 = Apply 00% of overpayment to next year's estimates; no refund = Apply amount specified below Amount for code # or # Form 70NP-WH-ES - declaration for next year = Use current year liability, if less than $00 ($000 for corporate tax) use zero = Use current year liability adjusted by amount below = Use current year liability even if less than $00 ($000 for corporate tax) = Print vouchers with amount fields blank = Use amounts entered below, before overpayment = Use amounts entered below Amount for code #: Estimates Individual/Trust/Estate KY0 KYWEst (0) Corporate Corporate st payment nd payment rd payment th payment 7 0 Individual/Trust/Estate Corporate Amts for Code or Estimates Paid Amts for Code or Estimates Paid 7 0 Number of vouchers desired next year Individual/Trust/Estate Corporate = vouchers A = First voucher = vouchers A = First voucher = Last vouchers B = Second voucher = Last vouchers B = Second voucher = Last vouchers C = Third voucher = Last voucher = Last voucher Amount to round up each estimate

9 KYELF Kentucky Electronic Filing General Information KY KYELF (0) Suppress Kentucky Form 7-GP/7 electronic file when filing federal return or extension electronically Form 7(C)-K has already been signed and returned (Links to Utilities > Electronic Filing Status) Signature date of partner (If different from federal) Signature date of ERO (If different from partner signature date) Name control Calculated Value Force Signer Information Name of signing partner (if different from federal) Title of signing partner (If different from federal) 7 Electronic Funds Withdrawal Information Electronic funds withdrawal for balance due returns: Amount of tax payment (Force)(If different from balance due on return) Requested payment date (Mandatory if using the electronic funds withdrawal method) Electronic funds withdrawal for extension Requested payment date (Mandatory if using the electronic funds withdrawal method) Personal Identification Number (PIN) Information 0 ERO PIN (Enter five numbers, other than all zeros) (If different from federal)

10 KYBank Kentucky Bank Information Account Information KY7 KYBank (0) Name of financial institution Routing transit number Depositor account number Type of account ( = Checking, = Savings) Account holder name (If different from partnership name) (Electronic filing only) Account holder type ( = Business, = Personal) (Electronic filing only) Account is located outside of the United States 7

11 KYLoCGen Locality Unit KY Locality account number Trade name Method of accounting ( = Cash, = Accrual) Principal activity (If different from federal) 7 NAICS code (If different from federal) Number of employees who worked in this locality Payments of $00 or more for services rendered within this locality made to non-employee individuals No activity Amended (If different from federal ) ( = Yes, = No) Years IRS changed or proposed change to net income Explanation Name of new entity with FEIN change Reason for discontinuance on final return Discontinuance date Successor, if sold Ownership change date Name change Address change Administrative officer:(if different from federal TMP or authorized signer) Name Social Security Number Address Address line City, state, zip code Section, line - License fee rate (Force) Section, line - License fee amount (Force) (For localities with no rate) Minimum fee, if any Maximum fee, if any Non-refundable credits, if any Estimate payments and overpayment credited to this year's return Penalty Interest Additional fees due, if any Overpayment credited to next year's return 0 7

12 KYLocBiz KY Locality Unit Locality account number Enter the account number by activity on the KYC Info screens first State income tax and occupational license fees deducted on Federal Form 0 Schedule A: Alcoholic beverage deduction for Schedule N filers Kentucky alcohol beverage sales Total sales Other adjustments 7 Gross alcoholic beverage sales within locality Sales tax included in gross receipts Returns and allowances deduction 0 Sales factor: Sales or gross receipts within locality Sales or gross receipts everywhere Payroll factor: Payroll within locality Payroll everywhere

13 KYSale Description Asset # Kentucky Sales Forms 77 and - General Information Unit Form State KYSale (0) 7 KY Treatment (A code should be manually entered for all assets not in the depreciation module) Section 0 property Gross proceeds reported on Form 0-S or 0-B (Form 77, line ) Disposition due to casualty or theft (Part III assets only: used to determine gains to carry to Form, Section B, line ) Postponed gain due to casualty or theft Sale to related party State does not conform to section 7 QRP treatment Sale Information 0 Date acquired Date sold Gross sales price or insurance proceeds received Cost or other basis Commissions and other expenses of sale Depreciation allowed or allowable Form 77, Part III - Recapture 0 0 (a) (b) (d) 7(a) 7(b) (a) (a) Additional depreciation after 7 Applicable percentage (If different from to 00%) (xxx.xx) Additional depreciation after Soil, water and land clearing expenses Applicable percentage (If different from 00%) (xxx.xx) Intangible drilling and development costs Applicable payments excluded from income under section 7 0 Mortgage and other debts the buyer assumed Current year payments received Form - Current Year Installment Sale Form - Related Party Installment Sale Information Related party name Address City, State and Zip code Taxpayer identifying number Was the property sold a marketable security? ( = Yes, = No) Date of second sale Special condition if applicable ( = Sale/exchange, = Involuntary conv, = Death of seller, = No tax avoidance) Explanation if no tax avoidance purpose Selling price of property sold by related party 7 0

14 KYInstPY Treatment Description Kentucky Prior Year Installment Sales Form - Prior Year Installment Sale General Information Unit Form State KY KYInstPY (0) Gross Profit and Contract Price Date acquired Date sold Gross sales price or insurance proceeds received Mortgage and other debts the buyer assumed Cost or other basis Depreciation allowed or allowable Commissions and other expenses of sale Income recapture from Form Installment Sale Income Prior year gross profit percentage (Force)(xxx.xxxx) Current year payments received Prior year payments received Balance of unrecaptured section 0 gain to be taxed Total ordinary income to recapture (Section,, or property only) Ordinary income previously recaptured 7 Related Party Installment Sale Information Related party name 0 Address City, State and Zip Taxpayer identifying number Was the property sold a marketable security? ( = Yes, = No) Date of second sale Special condition if applicable ( = Sale/exchange, = Involuntary conv, = Death of seller, = No tax avoidance) Explanation if no tax avoidance purpose Selling price of property sold by related party 0 7

15 KYEst Application of current year overpayment = Refund 00% of overpayment = Apply 00% of overpayment to next year's estimates; refund excess = Apply to first estimate; refund excess = Apply equally to each estimate; refund excess = Apply amount specified below to estimates until exhausted; refund excess = Apply to first and second estimates; refund excess 7 = Apply 00% of overpayment to next year's estimates; no refund = Apply amount specified below Amount for code # or # Kentucky Estimates Overpayment Application Estimates KY KYEst (0) Form 70-ES - declaration for next year = Use current year liability; if less than $000 use zero = Use current year liability adjusted by the amount below = Use current year liability even if less than $000 = Print coupons with amount fields blank = Use amounts entered below, before overpayment = Use amounts entered below Amount for code # st payment nd payment rd payment 7 Amts for Code or 0 Estimates Paid Number of estimates desired = vouchers A = First voucher = Last vouchers B = Second voucher = Last voucher Amount to round up each estimate

16 KYOth Kentucky Partnership Questionnaire Initial Return or Name and Federal ID Change Questionnaire KY KYOth (0) Completely new business or successor (C = Completely new business, S = Successor) Type of successor business (C = Corporation, P = Partnership, S = Sole Proprietor, O = Other) Other successor business type If applicable, previous business information: Name Address City, state, zip code Federal ID number Kentucky account numbers: Consumer use tax Unemployment insurance Coal severance and/or processing tax Date qualified to do business in Kentucky General Questions 7 0 Partnership's books are in care of: (If different from client name and address) Name Address City, state, zip code 7 Foreign country Disregarded entities included in this return Name and federal identification number of each pass-through entity which partnership is a partner Did partnership do business in KY other than through its interest held in a pass-through entity? ( = Yes, = No) Entity organized as a limited cooperative association ( = Yes, = No) Entity organized as a statutory trust ( = Yes, = No) The entity is a series within a statutory trust Did the partnership file a tangible tax return for January of the subsequent year? ( = Yes, = No) Name and federal I.D. number of entity (ies) filing the tangible PPT return Years under audit if currently audited by IRS Changes have not yet been reported to Kentucky and a 7-GP/7 will be filed 0 7 0

17 KYCredit Kentucky Credits Credit Information KY KYCredit (0) View > Interim Closing Annualization Economic development tax credit Skills training investment tax credit Small business investment tax credit Farming operation networking project tax credit Non-refundable certified rehabilitation tax credit Unemployment tax credit Recycling and composting equipment tax credit Coal conversion tax credit Kentucky investment fund tax credit Coal incentive tax credit Qualified research facility tax credit GED incentive tax credit Voluntary environmental remediation tax credit Biodiesel tax credit Environmental stewardship tax credit Clean coal incentive tax credit Ethanol tax credit Cellulosic ethanol tax credit Energy efficiency products tax credit from Form -K, line Energy efficiency products tax credit from Form -K, line Energy efficiency products tax credit from Form -K, line Energy efficiency products tax credit from Form -K, line Energy efficiency products tax credit from Form -K, line Energy efficiency products tax credit from Form -K, line Energy efficiency products tax credit from Form -K, line Energy efficiency products tax credit from Form -K, line 7 Energy efficiency products tax credit from Form -K, line ENERGY STAR Home or ENERGY STAR manufactured home tax credit Railroad maintenance and improvement tax credit Railroad expansion tax credit Tax credit recapture Endow Kentucky tax credit New markets development program tax credit Food donation tax credit Distilled spirits tax credit Refundable certified rehabilitation tax credit Refundable film industry tax credit LLET Pass Through Items Net distributive income from limited liability entity Limited liability entity tax nonrefundable credit 7 7

18 KYKSale Description KY Passthrough Schedule K- - Sale of 7 Assets General Information Unit Form State KY7 KYKSale (0) View > Interim Closing Annualization Treatment (A code should be manually entered for all assets not in the depreciation module) Section 0 property Disposition due to casualty or theft (Part III assets only: used to determine gains to carry to Form, Section B, line ) Sale to related party State does not conform to section 7 QRP treatment 7 0 Sale Information Date acquired Date sold Gross sales price or insurance proceeds received Cost or other basis Commissions and other expenses of sale Depreciation allowed or allowable excluding section 7 Section 7 expense deduction 7 0 Installment Sale Information Sale is a prior year installment sale Mortgage and other debts the buyer assumed Current year payments received Prior year payments received 7 0 Related Party Installment Sale Information Related party name Address City, State and Zip code Identifying number Was the property sold a marketable security? ( = Yes, = No ) Date of second sale Special condition if applicable ( = Sale/exchange, = Involuntary conv, = Death of seller, = No tax avoidance) Explanation if no tax avoidance purpose: 0 Selling price of property sold by related party Casualty/Theft Information 7 Casualty occurrence description (Mandatory) Fair market value before loss Fair market value after loss Property type ( = Business, = Income Producing) 7

19 LXGen Lexington Net Profits License Fee Return General Information KY LXGen (0) Lexington account number Initial return (if different from federal) Amended return (If different from state) ( = Yes, = No) Nature of business (If different from federal) Date business started (If different from federal) Employees in Fayette County Final return (If different from state) ( = Yes, = No) Date business discontinued If discontinued how? Name and address of successor No activity within Fayette County 7 0 Federal authorities changed net income of prior years ( = Yes, = No) Which years amended, if yes Schedule of changes, if not amended Affiliate of a consolidated corporate federal return FEIN of parent Signer name 7 Signer title General footnote Adjusted Net Business Income State and local taxes based on income Partners' salaries Expenses associated with income not subject to license fee Alcoholic beverage sales deduction Other adjustments and items not subject to license fee Non-taxable income Professional expenses not reimbursed by partnership 0 Disposal of Property with Section 7 Expense in Prior Year Gain/loss reported separately from federal Schedule K, line 0c Section 7 included in gain/loss Calculated Amount 7 Force

20 LXEst Lexington Estimates Overpayment Application KY LXEst (0) Application of current year overpayment = Refund 00% of overpayment Lexington Urban = Apply 00% of overpayment to next year's estimates; refund excess = Apply to first estimate; refund excess = Apply equally to each estimate; refund excess = Apply amount specified below to estimates until exhausted = Apply to first and second estimates; refund excess 7 = Apply 00% of overpayment to next year's estimates; no refund = Apply amount specified below Amount for code # or # Application of current year overpayment School Board = Refund 7 = Credit Estimates Form ENP - declaration for next year = Use current year liability; if less than $000 use zero = Use current year liability adjusted by the amount below = Use current year liability even if less than $000 = Print coupons with amount fields blank = Use amounts entered below, before overpayment = Use amounts entered below Amount for code # st payment nd payment rd payment th payment 7 Amts for Code or 0 Estimates Paid Number of estimates desired = coupons A = First coupon = Last coupons B = Second coupon = Last coupons = Last coupon C = Third coupon Amount to round up each estimate License fee liability nd preceding year rd preceding year 7

21 LXPmt Lexington Payments, Extension, Penalties and Interest Initial filing fee paid Minimum license fees paid Prior year overpayment Total, or: Treat calculated amounts as amounts paid Specific payments if unequal or not timely: st payment nd payment rd payment th payment th payment Paid with extension Date Payments Amount Paid Lexington Urban Calculated Amount LXPmt (0) School Board KY0 Extension Lexington Urban Calculate extension ( = Use Form, = Use federal Form 700) Extended due date (For filing instructions, penalties and interest calculations) Balance due on extension (Force) Reason tax period less than months Tax year changed to: Merger/Acquisition on: Name and address Federal ID After short year tax year will end on: Other School Board 0 7 Calculate extension ( = 00% liability = 0% liability, = Use federal Form 700) Extended due date (For filing instructions, penalties and interest calculations) Estimated tax (Force) Balance due on extension (Force) Penalties and Interest Lexington Urban Date return filed (If different from due date of return) Prior year tax Suppress penalties and interest: Underpayment of estimated tax Late interest Failure to file Failure to pay School Board 7 0 Date return filed (If different from due date of return) Prior year tax Suppress penalty: Late interest Failure to file Failure to pay 7

22 LVGen Louisville Occupational License Fees Return General Information KY LVGen (0) Louisville-Jefferson account number Amended return (If different from state) ( = Yes, = No) Final return (If different from state) ( = Yes, = No) Date operations ceased No activity Principal business activity (If different from federal) Business telephone number (If different from federal) Changes to income proposed by federal authorities Year(s) of proposed changes Statement of changes Principal officer's name Address City, state, zip code Social security number Date of ownership change Name of new owner Address of new owner City, state zip code Taxpayer payments of $00 or more for services in Louisville Metro ( = Yes, = No) Signer name (If different from federal tax matters partner) Signer title General footnote Adjusted Net Profit State income and occupational license taxes Alcoholic beverage sales deduction Other adjustments Non-taxable income Professional expenses not reimbursed by partnership 7 0 Disposal of Property with Section 7 Expense in Prior Year Gain/loss reported separately from federal Schedule K, line 0c Section 7 included in gain/loss Calculated Amount Force

23 LVEst Louisville Estimates Overpayment Application KY LVEst (0) Application of current year overpayment = Refund 00% of overpayment = Apply 00% of overpayment to next year's estimates; refund excess = Apply to first estimate; refund excess = Apply equally to each estimate; refund excess = Apply amount specified below to estimates until exhausted = Apply to first and second estimates; refund excess 7 = Apply 00% of overpayment to next year's estimates; no refund = Apply amount specified below Amount for code # or # Estimates Form OL-D - declaration for next year = Use current year liability; if less than $000 use zero = Use current year liability adjusted by the amount below = Use current year liability even if less than $000 = Print coupons with amount fields blank = Use amounts entered below, before overpayment = Use amounts entered below Amount for code # st payment nd payment rd payment th payment 7 Amts for Code or 0 Estimates Paid Number of estimates desired = coupons = Last coupons = Last coupons = Last coupon A = First coupon B = Second coupon C = Third coupon Amount to round up each estimate License fee liability nd preceding year rd preceding year

24 LVPmt Louisville Payments, Extension, Penalties and Interest Payments KY LVPmt (0) Prior year overpayment Total, or: Treat calculated amounts as amounts paid Specific payments if unequal or not timely: st payment nd payment rd payment th payment Other payments Paid with extension Date Amount Paid Calculated Amount Extension Calculate extension = Use Form OL-E = Use federal Form 700 Extended due date (For filing instructions and penalty and interest calculations) Balance due on extension (Force) Tax year is less than months Current period tax year end Future period tax year end Reason short year return extended = Change in tax year 0 = Final return = Corporate merger = Corporate acquisition = Other Other reason Name of entity merged/acquired: Address City, State, Zip code 7 0 Federal EIN of merged/acquired Penalties and Interest Date return filed (If different from due date of return) Prior year fee Suppress penalties and interest Underpayment of estimated tax Late interest Failure to file Failure to pay 7

25 KYSalePT Kentucky Sale of Section 7 Assets KY KYSalePT (0) View > Interim Closing Annualization Description General Information Treatment (A code should be manually entered for all assets not in the depreciation module) Section 0 property Disposition due to casualty or theft (Part III assets only: used to determine gains to carry to Form, Section B, line ) Sale to related party State does not conform to section 7 QRP treatment Unit Form State 7 0 Sale Information Entries on this screen are ignored for 0-B returns Date acquired Date sold Gross sales price or insurance proceeds received Cost or other basis Commissions or expenses of sale Depreciation allowed or allowable excluding section 7 Section 7 expense deduction 0 Installment Sale Information Sale is a prior year installment sale Mortgage and other debts the buyer assumed Current year payments received Prior year payments received 7 0 Related Party Installment Sale Information Related party name Address City, State and Zip code Taxpayer identifying number Was the property sold a marketable security? ( = Yes, = No) Date of second sale Special condition if applicable ( = Sale/exchange, = Involuntary conv, = Death of seller, = No tax avoidance) Explanation if no tax avoidance purpose: Selling price of property sold by related party 7 Casualty/Theft Information 0 Casualty occurrence description (Mandatory) Fair market value before loss Fair market value after loss Property type ( = Business, = Income Producing) 7 0