2014 CORPORATION / S CORPORATION

Transcription

1 KYGenS KY1 Kentucky account number Kentucky Secretary of State Organization Number Exempt from limited liability entity tax or income tax (If different from federal) Kentucky business code (If different from federal) Principal activity in Kentucky (If different from federal) Qualified investment pass through entity LLC Initial return (If different from federal) Final return (1 = Ceased operations in KY, 2 = Change of ownership, 3 = Successor to previous business, 4 = Change in filing status, 5 = Merger, 6 = Other Other explanation of final return Short period return (1 = Ceased operations in KY, 2 = Change of ownership, 3 = Successor to previous business, 4 = Change in filing status, 5 = Merger, 6 = Other Other explanation of short period return Taxing authority may discuss return with preparer (1 = Yes, 2 = No) (If different from federal) Exclude Section 108(i) deferral of income adjustments General footnote

2 KYEst KY2 Application of current year overpayment 1 = Refund 100% of overpayment 2 = Apply 100% of overpayment to next year's estimate; refund excess 3 = Apply to first estimate; refund excess 4 = Apply equally to each estimate; refund excess Amount for code #5 or #8 Limited liability entity tax Income tax 5 = Apply amount specified below to estimates until exhausted; refund excess 6 = Apply to first and second estimates; refund excess 7 = Apply 100% of overpayment to next year's estimates; no refund 8 = Apply amount below Form 720ES declaration for next year 1 = Use 70% of current year liability; if less than $5,000 use zero 2 = Use current year liability adjusted by amount below 5 = Use amounts entered below, before overpayment 9 = Use amounts entered below (If applying overpayment, use only code 7 or 8) 3 = Use 70% of current year liability even if less than $5,000 Amount for code #2 Limited liability entity tax Income tax Amounts for code #5, or #9: 1st payment 2nd payment 3rd payment Next year estimates paid: 1st payment 2nd payment 3rd payment Number of estimates desired Amount to round up each estimate Limited Liability Entity Tax Income Tax

3 KYAlloc KY3 Interest Rents Royalties Net gain (loss) on capital assets Related expenses Kentucky Everywhere

4 KYAdjC KY4 Interest income (state and local obligations) Taxes based on net and gross income Deductions attributable to nontaxable income Related party expenses Dividend paid deduction (REIT) Safe harbor lease adjustments Terminal Railroad Corporation additions Qualified construction allowances for short term lease(s) Additions to federal taxable income from Kentucky Schedule(s) K 1 Internal revenue code amendments made after December 31, 2013 Other additions (Include transition addition) Safe harbor lease adjustments Charitable contributions (Subject to 10% limitation) (Enter contribution carryovers on Screen Screen NOL) Housing for homeless deduction (Not subject to 10% limitation) 50% of gross royalty income derived from any disposal of coal Terminal Railroad Corporation deduction Depletion adjustment Qualified construction allowance for short term lease(s) Amounts received from Tobacco Master Settlement Agreement Amounts received from funds of the Commodity Credit Corporation Amounts received as a result of a tobacco quota buydown program State Phase II payments received by a producer or tobacco Subtractions from federal taxable income from Kentucky Schedule(s) K 1 Internal revenue code amendments made after December 31, 2013 Other subtractions (Include transition deduction) Passive activity loss (If different from federal) Exempt corporation adjustment Gross receipts (Force) Returns and allowances (Force) Limited liability pass through entities and general partnerships Kentucky Federal

5 KYNOL KY Preceding Tax Year End Income (Loss) Prior Year (Income Offset) NOL Utilized Net operating loss footnote Use these fields to calculate the consolidated NOL (Applies to consolidated clients only. Do not use for mandatory nexus filers) Preceding Tax Year Excess Contributions Prior Year Utilization

6 KYK KY6 Interest income Other portfolio income Other income (loss) Charitable contributions Noncash charitable contributions Value of interest donated to homeless families (Schedule HH) Deductions related to portfolio income (loss) Other deductions Interest expense on investment debts Investment expenses included in portfolio deductions Section 59(e)(2) expenditure type (Force) Section 59(e)(2) expenditures (Force) Nondeductible expenses

7 KYKSep KY7 Description Amount Loc

8 KYRent Property kind and location Unit KY8 Address City, state, zip code Foreign country Type of activity (1 = Rental real estate, 2 = Other rental, 3 = Royalty) Type of property 1 = Single family residence 3 = Vacation or short-term rental 5 = Land 7 = Self-rental 2 = Multi-family residence 4 = Commercial 6 = Royalties Other (specify) Number of days rented at fair rental value Number of personal use days Personal use percentage if personal use test met (Force) (xxx.xxxx) (Expenses Only) 8 = Other (describe) Gross rents Gross royalties Sale of property Other Other income from recapture: Deduction allowable in prior years Recomputed depreciation Section 179 Section 280F(b)(2) Advertising Auto and travel Lease inclusion amount Cleaning and maintenance Commissions Insurance Legal and professional Interest Repairs Taxes Utilities Wages and salaries Other Meals and entertainment (100% subject to 50% limit) Meals (100% subject to Department of Transportation 80% limit)

9 KY4835 Description Unit KY9 Address City, state, zip code Foreign country Income from production of livestock, produce, grains, and other crops Cooperative distributions Total Agricultural program payments Total CCC loans reported under election CCC loans forfeited Total Crop insurance proceeds received in 2014 Total Election to defer crop insurance proceeds to 2015 Crop insurance proceeds deferred from 2013 Other income (Include gas or fuel tax credit or refund) Other income from recapture: Deduction allowable in prior years Recomputed depreciation Taxable Taxable Taxable Taxable Section 179 Section 280F(b)(2) Qualifies as farming business for the excess loss calculation 2014 net gain (loss) on sale of farming business property

10 KY1377 KY10 Calculate Kentucky 1377(a)(2) election Date of shareholder termination Ordinary income (loss) from trade or business Net income (loss) from rental real estate Net income (loss) from other rental activities Interest Dividends Royalties Net short term capital gain (loss) Net long term capital gain (loss) Other portfolio income (loss) Net gain (loss) under Section 1231 Other income (loss) Dividend distributions from accumulated earnings and profits Charitable contributions Section 179 expense deduction Deductions related to portfolio income (loss) Other deductions Interest expense on investment debts Investment expenses Small business investment tax credit Skills training investment tax credit Certified rehabilitation tax credit Kentucky unemployment tax credit Recycling and composting equipment 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

11 KYPmt KY11 Prior year overpayment Total, or Treat calculated amounts as paid Specific payments if unequal or not timely: 1st payment 2nd payment 3rd payment 4th payment Date Paid Amount Paid Calculated Amount Paid with extension (For page 1 of the return) Prior year overpayment Total, or Treat calculated amounts as paid Specific payments if unequal or not timely: 1st payment 2nd payment 3rd payment 4th payment Date Paid Amount Paid Calculated Amount Paid with extension (For page 1 of the return) Nonresident withholding (C Corp) Calculate extension payment 1 = Use 100% of current year liability 2 = Use federal Form 7004 Name of president of corporation (If different from president name entered in Screen Other) Extended due date (For filing instructions, penalties and interest calculations) Balance due on extension (Force): Limited liability entity tax Income tax

12 KYAmendC KY12 Explanation of changes Federal revenue agent's adjustment Transfer original information Tax paid with (or after) original return Overpayment on original return Income tax overpayment applied to LLET LLET overpayment applied to income tax Limited Liability Entity Tax Income Tax Interest Penalty Overpayment to be applied Limited Liability Entity Tax Income Tax

13 KYPen KY14 Date return filed (If different from original due date of return) Prior year income tax Prior year limited liability entity tax Suppress penalties on return: Underpayment of estimated tax Late interest Failure to file Failure to pay

14 KYOther KY16 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 identification number Kentucky account numbers: Employer withholding Sales and use tax Consumer use tax Unemployment insurance Coal severance or processing Date qualified to do business in Kentucky (Foreign corporations only) (If different from date of incorporation) Corporation's books are in care of: Name Address City, state, zip code Foreign country Disregarded entities included in this return Pass through entities doing business in Kentucky of which this corporation is a member Corporation did business in Kentucky outside of interest in the pass through entity (1 = Yes, 2 = No) Related members to whom related party costs are made Corporations doing business in Kentucky which are 80% or more owned by this corporation (C Corp) Corporation doing business in Kentucky which owns 80% or more of this corporation (C Corp) Pro forma federal tax return is attached to this return (C Corp) Does the corporation file as or include a limited cooperative association?( 1 = Yes, 2 = No) Limited cooperative associations included in nexus consolidated return (C Corp) Corporation organized as a statutory trust or a series statutory trust (1 = Yes, 2 = No) Corporation filing this tax return as a series within a statutory trust Did the corporation file a tangible tax return for January 1 of the subsequent year? (1 = Yes, 2 = No) Corporations that filed a Kentucky personal property tax return Years under audit if currently audited by IRS Changes have not yet been reported to Kentucky and an amended return will be filed Officer information has changed from the last return filed Officer information

15 KYSRLY KY18 Enter an X to indicate a separate return limitation year. The program uses this information to calculate net operating loss carryover amounts for consolidated returns. Preceding Tax Year Preceding Tax Year Preceding Tax Year Preceding Tax Year Member's cumulative contribution to consolidated taxable income (Force) Member's cumulative contribution to consolidated capital gain (Force)

16 KYCredit KY19 Economic development tax credit summary (C Corp) Economic development tax credit summary (S Corp) Farming operation networking tax credit Certified rehabilitation tax credit (nonrefundable) Certified rehabilitation tax credit (refundable) Refundable film industry tax credit Unemployment tax credit Recycle and composting 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 ENERGY STAR home or manufactured home tax credit Railroad maintenance and improvement tax credit Railroad expansion tax credit Endow Kentucky tax credit New markets development program tax credit Food donation tax credit Nonrefundable LLET credit from Kentucky Schedule K 1 LLET Credit Income Credit Energy efficiency products: Form 5695 K, Line 6 Form 5695 K, Line 12 Form 5695 K, Line 18 Form 5695 K, Line 36 Form 5695 K, Line 36 Form 5695 K, Line 51 Form 5695 K, Line 51 Form 5695 K, Line 57 Form 5695 K, Line 63 Recycling and composting equipment tax credit recapture LLET Income

17 KYAffil KY20 Name of corporation Address City, state, zip code Federal identification number Kentucky account number Percent of value (If not 100%) (xxx.xx) Percent of voting power (If not 100%) (xxx.xx) Owned by corporation number Include member on Form 851 K (1 = Yes, 2 = No) Prior year NOL carryforward adjustment (Schedule NOL-CF)

18 KY Description Unit KY21 Car and truck expenses Chemicals Conservation expenses Previously disallowed conservation expenses Custom hire (machine work) Employee benefits other than pension and profit sharing Feed Fertilizer and lime Freight and trucking Gasoline, fuel and oil Insurance (other than health) Interest financial institutions Interest other Labor hired (Enter gross wages before employment credits) Pension and profit sharing Rent or lease vehicles, machinery, and equipment Inclusion amount Rent or lease other (land, animals, etc) Repairs and maintenance Seeds and plants Storage and warehousing Supplies Taxes Utilities Veterinary, breeding, and medicine Other expenses Meals, entertainment (100% Subject to 50% limit) Meals (100% Subject to Department of Transportation 80% limit) Preproductive period expenses

19 KYDepr KY23 Gains or Losses from Disposition of Assets: Federal ordinary gain (loss) Kentucky ordinary gain (loss) Federal short term gain (loss) (C Corp) Kentucky short term gain (loss) Federal long term gain (loss) (C Corp) Kentucky long term gain (loss) Section 1231 gain (loss) from a pass through entity Gain, if any, from Form 4684, line 39 Section 1231 gain (loss) from like kind exchanges from Form 8824 Net gain (loss) from Form 4684, line 31 Net gain (loss) from Form 4684, line 38a (C Corp) Ordinary gain (loss) from like kind exchanges from Form 8824 Calculated Amount Force Section 179 carryover from prior year Business income limitation (Force)

20 KYComp KY24 Final return (If different from federal) General footnote Gain (loss) reported separately from Schedule K, Section II, line 7 Force

21 KYSale KY25 Description Form Unit Treatment (A code should be manually entered for all assets not in the asset module) Section 1250 property Disposition of activity (S Corp) (Blank = Portfolio, 1 = Business, 2 = Passive) Gross proceeds reported on Form 1099 S or 1099 B (Form 4797, line 1) Disposition due to casualty or theft (Part III assets only: used to determine gains to carry to Form 4684, Section B) Casualty or theft gain postponed State does not conform to Section 179 QRP treatment Sale to related party 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 Alternative minimum tax gain (loss) adjustment Fair market value at S corporation election date (S Corp) Adjusted basis at S corporation election date (S Corp) (a) 26(b) 26(d) 26(f) (a) 27(b) (a) (a) Additional depreciation after 1975 Applicable percentage (If not 100%) (xxx.xx) Additional depreciation after 1969 Section 291 amount Soil, water and land clearing expenses Applicable percentage (If not 100%) (xxx.xx) Intangible drilling and development costs Applicable payments excluded from income under Section 126 Mortgage and other debts the buyer assumed Total current year payments received Related party Address City, state, zip code Taxpayer identifying number Was the property sold a marketable security? (1 = Yes, 2 = No) Date of second sale Special condition if applicable (1 = Sale or exchange, 2 = Involuntary conversion, 3 = Death of seller, 4 = No tax avoidance) Explanation if no tax avoidance purpose Selling price of property sold by related party

22 KYInstPY KY26 Description Unit Form Treatment Section 1250 property (S Corp) Prior year installment from like kind exchange (Section 453(f)(6)) Disposition of activity (S Corp) (Blank = Portfolio, 1 = Business, 2 = Passive) 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 4797 Alternative minimum tax gain (loss) adjustment Prior year gross profit percentage (Force) (xxx.xxxx) Total current year payments received Prior year payments received Balance of unrecaptured Section 1250 gain to be taxed (S Corp) Total ordinary income to recapture (Section 1252, 1254, 1255 property only) Ordinary income previously recaptured Beginning of year, remaining gross profit (Used for passive loss and AMT adjustments) Net unrealized built in gains (S Corp) Related party name Address City, state, zip code Taxpayer identifying number Was the property sold a marketable security? (1 = Yes, 2 = No) Date of second sale if more than 2 years after the first sale Special condition if applicable (1 = Sale or exchange, 2 = Involuntary conversion, 3 = Death of seller, 4 = No tax avoidance) Explanation if no tax avoidance purpose Selling price of property sold by related party

23 KYLVGen KY29 Louisville account number Change in name or address (1 = Yes, 2 = No) (If different from federal) Final return (If different from federal) Date operations ceased No activity Principal business activity (If different from federal) Tax year(s) adjusted by Federal authorities during past year Changes proposed to income for any prior year made over past year by federal authorities Principal officer's name (If different from federal) Address City, state, zip code Social security number Consolidated federal return filed Name of new owner Address City, state, zip code Date of ownership change Payments were made in sum of $600 or more to an individual for services in Jefferson county Licensee social security number Contact information: Name (If different from federal officer name) Phone (If different from client phone number) General footnote

24 KYLVEst KY30 Application of current year overpayment 1 = Refund 100% of overpayment 2 = Apply 100% of overpayment to next year's estimate; refund excess 3 = Apply to first estimate; refund excess 4 = Apply equally to each estimate; refund excess Amount for code #5 or #8 5 = Apply amount specified below to estimates until exhausted; refund excess 6 = Apply to first and second estimates; refund excess 7 = Apply 100% of overpayment to next year's estimates; no refund 8 = Apply amount below Form OL 3(D) declaration for next year 1 = Use current year liability, if less than $5,000 use zero 2 = Use current year liability adjusted by amount below 4 = Print coupons with amount fields blank 5 = Use amounts entered below, before overpayment 3 = Use current year liability even if less than $5,000 Amount for code #2 Amounts for code #5, #9 or next year estimates paid: 1st payment 2nd payment 3rd payment 4th payment Estimated vouchers(s) to mark for change of address Number of estimates desired Amount to round up each estimate Prior license fee liability: 1st preceding year (Force) 2nd preceding year 3rd preceding year Substitute firm and preparer information as contact information 9 = Use amounts entered below (If applying overpayment, only use code 7 or 8) Amounts for Code #5 or #9 Next Year Estimates Paid

25 KYCO KY31 Preceding Tax Year Net Capital Gain (Net Capital Loss) Prior Year (Gain Offset) Or Loss Utilized Use these fields to calculate the consolidated capital loss deduction (C Corp) (Applies to consolidated clients only) Preceding Tax Year Loss Prior Year Recaptures

26 KYLVPen KY32 Date return filed (If different from original due date) Prior year tax Initial return (If different from federal) Suppress penalties on return: Underpayment of estimated tax Late interest Failure to file Failure to pay

27 KYLVPmt KY33 Prior year overpayment Total, or Treat calculated amounts as paid Specific payments if unequal or not timely: 1st payment 2nd payment 3rd payment 4th payment 5th payment Date Paid Amount Paid Calculated Amount Paid with extension (For page one only) Calculate extension 1 = Use 100% of current year liability 2 = Use 90% of current year liability 3 = Use federal Form 7004 Extended due date (For filing instructions, penalties and interest calculations) Balance due on extension (Force) Reason short year return extended 1 = Change in tax year 4 = Corporate acquisition 2 = Final return 5 = Other 3 = Corporate merger Other reason Tax year will now end on (If different from current year end plus one year) Date of occurrence Company with whom merged or acquired: Name Address City, state, zip code EIN

28 KYCPen KY34 Date return filed (If different from original due date of return) Suppress penalties on return: Underpayment of estimated tax Late interest Failure to file Failure to pay

29 KY KY36 Railroad maintenance and improvement tax credit Endow Kentucky tax credit New markets development program tax credit Food donation tax credit Form 5695 K, Line 6 Form 5695 K, Line 12 Form 5695 K, Line 18 Form 5695 K, Line 36 Form 5695 K, Line 36 Form 5695 K, Line 51 Form 5695 K, Line 51 Form 5695 K, Line 57 Form 5695 K, Line 63 Total Section 59(e) expenditures Tax exempt interest income Other tax exempt income Nondeductible expenses S corporation's Kentucky sales S corporation's total sales S corporation's Kentucky property S corporation's total property S corporation's Kentucky payroll S corporation's total payroll S corporation's Kentucky gross profits S corporation's total gross profits Limited liability entity tax nonrefundable credit

30 KY8903S KY37 If different from federal amounts Kentucky domestic production gross receipts (DPGR) Kentucky qualified production activity income calculated by S Corporation: Kentucky allocable cost of goods sold and deductions (Only if QPAI computed by S Corporation) Kentucky qualified production activity income calculated by shareholder: Kentucky gross receipts from all sources Kentucky cost of goods sold allocable to DPGR Kentucky cost of goods sold from all sources Kentucky total deductions directly allocable to DPGR Kentucky total deductions directly allocable to a non DPGR class of income Kentucky other deductions not directly allocable to DPGR or another class of income Kentucky allocable Form W 2 wages (Mandatory) Kentucky domestic production act deduction from cooperatives (Form 1099 PATR)

31 KYLXGen KY38 No activity Initial return (If different from federal) Change in name or address (1 = Yes, 2 = No) (If different from federal) Lexington Fayette account number Nature of business (If different from federal principal business activity) Current year minimum fee Date business started in Fayette County (If different from date of incorporation) Date organization was discontinued Method of discontinuation (1 = Dissolution, 2 = Sale, 3 = Merger) Name of successor entity Address City, state, zip code Employees in Fayette County Federal authorities have changed net income reported for any prior year(s) Net Profits Returns amended for changes by federal authorities for these years Schedule of changes by federal authorities for which amended Net Profits returns not filed Affiliate of a consolidated federal return FEIN of parent General footnote

32 KYLXEst KY39 Application of current year overpayment 1 = Refund 100% of overpayment 2 = Apply 100% of overpayment to next year's estimate; refund excess 3 = Apply to first estimate; refund excess 4 = Apply equally to each estimate; refund excess Amount for code #5 or #8 5 = Apply amount specified below to estimates until exhausted; refund excess 6 = Apply to first and second estimates; refund excess 7 = Apply 100% of overpayment to next year's estimates; no refund 8 = Apply amount below Application of current year overpayment 1 = Refund 100% of overpayment 7 = Apply 100% of overpayment to next year's estimates; no refund Form 228ENP declaration for next year 1 = Use current year liability, if less than $5,000 use zero 2 = Use current year liability adjusted by amount below 4 = Print coupons with amount fields blank 5 = Use amounts entered below, before overpayment 3 = Use current year liability even if less than $5,000 Amount for code #2 Amounts for code #5, #9 or next year estimates paid: 1st payment 2nd payment 3rd payment 4th payment Number of estimates desired Amount to round up each estimate 9 = Use amounts entered below (If applying overpayment, use only code 7 or 8) Amounts for Code #5 or #9 Next Year Estimates Paid

33 KYLXPen KY40 Date return filed (If different from original due date) Prior year tax Initial return (If different from federal) Suppress penalties on return: Late interest Failure to file Failure to pay Date return filed (If different from original due date) Suppress penalties on return: Late interest Failure to file

34 KYLXPmt KY41 Prior year overpayment Total, or Treat calculated amounts as paid Specific payments if unequal or not timely: 1st payment 2nd payment 3rd payment 4th payment 5th payment Pre paid annual license fee Additional payments (Not entered elsewhere) Paid with extension (For page one only) Date Paid Amount Paid Calculated Amount Prior year overpayment Paid with extension Calculate extension 1 = Use Form = Use federal Form 7004 Extended due date (For filing instructions, penalties and interest calculations) Balance due on extension (Force) Reason short year return extended 1 = Change in tax year 2 = Final return 4 = Corporate acquisition 5 = Other 3 = Corporate merger Other reason Tax year will now end on (If different from current year end plus one year) Date of occurrence Company with whom merged or acquired: Name Address City, state, zip code EIN Calculate extension 1 = Use Form 228 S 2 = Use federal Form 7004 Extended due date (For filing instructions, penalties and interest calculations) Balance due on extension (Force)

35 KYGenC KY43 Kentucky account number Kentucky Secretary of State Organization Number Exempt from limited liability entity tax or income tax (If different from federal) Kentucky business code (If different from federal) Principal activity in Kentucky (If different from federal) Name of common parent (If different from federal) Common parent Kentucky account number Initial return (If different from federal) Final return (1 = Ceased operations in KY, 2 = Change of ownership, 3 = Successor to previous business, 4 = Change in filing status, 5 = Merger, 6 = Other) Other explanation of final return Short period return (1 = Ceased operations in KY, 2 = Change of ownership, 3 = Successor to previous business, 4 = Change in filing status, 5 = Merger, 6 = Other) Other explanation of short period return Taxing authority may discuss return with preparer (1 = Yes, 2 = No) (If different from federal) Exclude Section 108(i) deferral of income adjustments General footnote

36 KYLX2Yr KY44 Enter amounts from prior year Form 228 Federal taxable income State and local license fees and taxes based on income Additions from 1120S, Schedule K (S Corp) Net operating loss deduction Subtractions from 1120S, Schedule K (S Corp) Alcoholic beverage sales deduction Other adjustments Non taxable income Lexington apportionment factor (Income and license) (If not 100%) (xxx.xxxx) Lexington net profits tax Next year minimum license fee Prior year minimum license fee paid Estimated payments Extension payment Prior year's credit Additional payments Penalty and interest Credit to next year's tax Amount refunded

37 KYLXS2Yr KY45 Enter amounts from prior year Form 228 S Federal taxable income State and local license fees and taxes based on income Additions from 1120S, Schedule K (S Corp) Net operating loss deduction Expenses associated with income not subject to license tax Subtractions from 1120S, Schedule K (S Corp) Items not subject to license tax Lexington apportionment factor (Income and license) (If not 100%) (xxx.xxxx) Lexington schools license tax Extension payment Prior year's credit Penalty and interest Credit to next year's tax Amount refunded

38 KYAdjS KY46 Taxes based on net and gross income Related party expenses Additions to federal taxable income from Kentucky Schedule(s) K 1 Internal revenue code amendments made after December 31, 2013 Other additions (Include transition addition) Depletion adjustment Amount received from Tobacco Master Settlement Agreement Amounts received from funds of the Commodity Credit Corporation Amounts received as a result of a tobacco quota buydown program State Phase II payments received by a producer or tobacco Subtractions to federal taxable income from Kentucky Schedule(s) K 1 Internal revenue code amendments made after December 31, 2013 Other subtractions (Include transition deduction) Gross receipts (Force) Returns and allowances (Force) Member of combined group reason code 1 = Total gross receipts or profits are equal to or less than $3,000,000 2 = Total gross receipts or profits are between $3,000,000 and $6,000,000 3 = Total gross receipts or profits are greater than $6,000,000 Limited liability pass through entities and general partnerships Kentucky Federal

39 KYLXAdj KY47 Other allowable subtractions from Schedule K (S Corp) Other adjustments and expenses Kentucky alcoholic beverage sales deduction Non taxable income and other items not subject to license tax Taxes based on income Gain (loss) reported separately from federal Schedule K, line 17d Section 179 included in gain (loss) Calculated Amount Force

40 KYLVAdj KY48 Subtractions from Federal Schedule K (S Corp) Kentucky alcoholic beverage sales deduction Other adjustments Nontaxable income Taxes based on income Gain (loss) reported separately from federal Schedule K, line 17d Section 179 included in gain (loss) Calculated Amount Force

41 KYAsst KY49 Part IV Section 179 expense deduction allowable in prior years Section 179 recomputed depreciation Section 280F(b)(2) depreciation allowable in prior years Section 280F(b)(2) recomputed depreciation

42 KYWH KY50 Final return (If different from federal) General footnote Gain (loss) reported separately from Schedule K, Section II, line 7 Force

43 KYWHPmt KY51 Prior year overpayment Total, or Treat calculated amounts as paid Specific payments if unequal or not timely: 1st payment 2nd payment 3rd payment 4th payment 5th payment Paid with extension: Date Paid Amount Paid Calculated Amount Calculate extension payment 1 = Use 100% of current year liability 2 = Use federal Form 7004 Extended due date Balance due on extension (Force) (For filing instructions, penalties and interest calculations)

44 KYK1Sale KY52 Description Form Unit Treatment (A code should be manually entered for all assets) Section 1250 treatment Disposition due to casualty or theft (Part III assets only: used to determine gains to carry to Form 4684, Section B, line 33) State does not conform to Section 179 QRP treatment 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 179 Section 179 expense deduction passed through Section 179 carryover (C Corp) Alternative minimum tax gain (loss) adjustment Sale is a prior year installment sale Prior year installment from like kind exchange (Section 453(f)(6)) Prior year gross profit percentage (C Corp/Force) (xxx.xxxx) Mortgage and other debts the buyer assumed Total current year payments received Prior year payments received Income recapture from Form 4797 (C Corp) Beginning of year, remaining gross profit (C Corp) (Used for passive loss and AMT adjustment) Related party Address City, state, zip code Taxpayer identifying number Was the property sold a marketable security? (1 = Yes, 2 = No) Date of second sale Special condition if applicable (1 = Sale or exchange, 2 = Involuntary conversion, 3 = Death of seller, 4 = No tax avoidance) Explanation if no tax avoidance purpose Selling price of property sold by related party

45 KYWHEst KY53 Application of current year overpayment 1 = Refund 100% of overpayment 2 = Apply 100% of overpayment to next year's estimate; refund excess 3 = Apply to first estimate; refund excess 4 = Apply equally to each estimate; refund excess Amount for code #5 or #8 5 = Apply amount specified below to estimates until exhausted; refund excess 6 = Apply to first and second estimates; refund excess 7 = Apply 100% of overpayment to next year's estimates; no refund 8 = Apply amount below Form 740NP WH declaration for next year 1 = Use current year liability 2 = Use current year liability adjusted by amount below 4 = Print coupons with amount fields blank 5 = Use amounts entered below, before overpayment 3 = Use current year liability even if less than $500 9 = Use amounts entered below (If applying overpayment, use only code 7 or 8) Amount for code #2 Amounts for code #5, #9 or next year estimates paid: 1st payment 2nd payment 3rd payment 4th payment Number of estimates desired Amount to round up each estimate Amounts for Next Year Code #5 or #9 Estimates Paid

46 KYWHPen KY54 Date return filed (If different from original due date of return) Suppress penalties on return: Underpayment of estimated tax Late interest Failure to file Failure to pay

47 KYOthTax KY55 Tax installment on LIFO recapture

48 KYCAmend KY56 Explanation of changes Transfer original information Tax paid with (or after) original return Overpayment on original return Interest Penalty Overpayment to be applied

49 KYWHAmnd KY57 Explanation of changes Transfer original information Tax paid with (or after) original return Overpayment on original return Interest Penalty Overpayment to be applied

50 KYLXAmnd KY58 Form 228 explanation of changes Form 228 S explanation of changes Transfer original information Tax paid with (or after) original return Overpayment on original return Transfer original information Tax paid with (or after) original return Overpayment on original return Penalty Interest Overpayment to be applied Penalty Interest Overpayment to be applied

51 KYLVAmnd KY59 Explanation of changes Transfer original information Tax paid with (or after) original return Overpayment on original return Penalty and interest Overpayment to be applied

52 KYD KY60 Detail schedule Undistributed long term capital gain from Form 2439 Short term gain (loss) from like kind exchanges from federal Form 8824 (If different from federal) Capital gain distributions (If different from federal) Long term gain (loss) from like kind exchanges from federal Form 8824 (If different from federal) Force Ordinary income Short term capital gain Long term capital gain Section 1231 gain Other income or loss Enter information only if different from federal Screen D Recognized Built In Gain (Loss) Recognized Built In Gain Carryover Section 1374(b)(2) deduction for net operating loss Business credit carryforwards under section 1374(b)(3) C corporation taxable income (Force) Last C corporation apportionment Were assets acquired in a Section 1374(d)(8) transaction? (1 = Yes, 2 = No)

53 KYAmendS KY61 Explanation of changes Transfer original information Tax paid with (or after) original return Overpayment on original return Income tax overpayment applied to LLET LLET overpayment applied to income tax Limited Liability Entity Tax Income Tax Interest Penalty Overpayment to be applied Limited Liability Entity Tax Income Tax

54 KYELF KY62 Suppress Kentucky electronic file when filing federal return electronically Form 8879(C) K has already been signed and returned (Links to Utilities > Electronic Filing Status) Signature date (If different from federal) ERO signature date (If different from return signature date or federal ERO signature date) Electronic funds withdrawal for balance due returns (Mandatory if using the electronic funds withdrawal method) Name control Calculated Value Force Enter PIN information if different from federal Screen ELF or if not using PIN method on federal return ERO PIN (Enter five numbers, other than all zeros)

55 KYBank KY63 Name of financial institution Routing transit number Account number Type of account (1 = Checking, 2 = Savings) Non US financial institution

56 KYCOGS KY64 If different from federal amounts Inventory at beginning of year Purchases Cost of labor Additional section 263A costs Other costs Lease inclusion amount Inventory at end of year Kentucky Total

57 KYFIGen KY65 Filing bank franchise tax return County Routing and transit number (xx/ xxxxxxx) General footnote Adjustments

58 KYFICap KY66 Information for previous four tax years is the same as reported in prior years Capital stock paid in: 1st Quarter 2nd Quarter Surplus: Undivided profits and capital reserves: Other comprehensive income and equity capital components: Noncontrolling interests in consolidated subsidaries: rd Quarter 4th Quarter

59 KYFIObg KY67 U.S. obligations: Kentucky obligations: Total assets: st Quarter 2nd Quarter 3rd Quarter 4th Quarter

60 KY8903 KY68 If different from federal amounts Kentucky domestic production gross receipts Kentucky allocable cost of goods sold Kentucky directly allocable expenses Kentucky indirectly allocable expenses Kentucky qualified production activities income from pass through entities Kentucky Form W 2 wages Kentucky Form W 2 wages from pass through entities Kentucky domestic production activities deduction from cooperatives Kentucky business income limitation Kentucky qualified production activities income (Force) (EAG member only)

61 KY4562 Business activity Form Unit KY76 Use general asset accounting Section 179 property detail Property subject to Section 168(f)(1) election Other depreciation (including ACRS) MACRS deductions for nonlisted property in service before the current year 3 year 5 year 7 year 10 year 15 year 20 year 25 year Residential Non Residential Class Life 12 year 40 year Date Cost Expense Basis Period Convention Method Deduction Supporting evidence (1 = Yes, 2 = No) Property used more than 50% detail Property used less than 50% detail Cost Evidence is written (1 = Yes, 2 = No) Basis Deduct Exp Total miles driven during the year: Business Commuting Other personal (noncommuting) Available for off duty personal use (1 = Yes, 2 = No) Used primarily by > 5% owner or related person (1 = Yes, 2 = No) Another vehicle available for personal use (1 = Yes, 2 = No) Additional vehicles Vehicle #1 Vehicle #2 Vehicle #3 Vehicle #4 Vehicle #5 Policy prohibiting personal use: Including commuting (1 = Yes, 2 = No) Excluding commuting (1 = Yes, 2 = No) Treat all employee use as personal (1 = Yes, 2 = No) Provide more than five vehicles (1 = Yes, 2 = No) Demonstration use (1 = Yes, 2 = No) Amortization detail Cost Amortization for property placed in service prior to the current year Amortization

62 KYSalePT KY77 Description Form Unit Treatment (A code should be manually entered for all assets not in the asset module) Section 1250 treatment Disposition due to casualty or theft (Part III assets only: used to determine gains to carry to Form 4684) Sale to related party State does not conform to Section 179 QRP treatment State postal code 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 179 Section 179 expense deduction passed through Alternative minimum tax gain (loss) adjustment Sale is a prior year installment sale Prior year installment from like kind exchange (Section 453(f)(6)) Mortgage and other debts the buyer assumed Current year payments received Prior year payments received Related party name Address City, state, zip code Taxpayer identifying number Was the property sold a marketable security? (1 = Yes, 2 = No) Date of second sale Special condition if applicable (1 = Sale or exchange, 2 = Involuntary conversion, 3 = Death of seller, 4 = No tax avoidance) Explanation if no tax avoidance purpose Selling price of property sold by related party