Fillable C. Did you have employees in Fayette County (Lexington-Fayette Urban County Government)

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C. Did you have employees in Fayette County (Lexington-Fayette Urban County Government)

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U.S.A. forms for Lexington-Fayette Urban County Government

BROWSE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT (KY) FORMS

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A. Nature of business:
B. Date business started in Fayette County:
C. Did you have employees in Fayette County in 2020?
o Yes o No
D. Basis on which this return is prepared:
o Cash o Accrual
Check if: o Initial o Amended o Final o Address Change
E. Filing status per federal return:
o Corporation o S-Corp o Partnership
o Individual Owner o Other
F.
Is the business entity an affiliate or subsidiary of a consolidated federal return?
o Yes o No
If yes, FEIN of parent:
G. If organization was discontinued, check appropriate box:
o Dissolution o Sale o Merger Date:
Successor name, address, and FEIN:
MINIMUM LICENSE FEE EXEMPTION
1. Adjusted net business income from Worksheet 1, Line 19 (attach federal return and all schedules)………………..
1.
2. Apportionment percentage from Section 2, Line 4…………………………………………………………………………………………….
2.
3. Net profit subject to license fee (Line 1 x Line 2)……………………………………………………………………………………………….
3.
4. Sole proprietors 65 or older deduct $3,000.00…………………………………………………………………………………………………….
4.
5. Adjusted net profits (Line 3 - Line 4)…………………………………………………………………………………………………………………….
5.
6. License fee liability (Line 5 x 2.25%). If less than $100.00, enter $100.00……………………………………………………………
6.
7. Less minimum license fee paid for 2020 (non-refundable)……………………………………………………………………………………….
7.
8. Subtotal (Line 6 - Line 7). Cannot be less than zero……………………………………………………………………………………………
8.
9. Less estimated payments and prior year credits (attach schedule)………………………………………………………………………………..
9.
10. Subtotal (Line 8 - Line 9)……………………………………………………………………………………………………………………………….……
10.
11. Plus minimum license fee due FOR 2021 ($100.00)……………………………………………………………………….…………………
11.
12. Net amount due (if < 0 enter amount here and on Line 15)……………………………..………………………………………………
12.
13. Penalty and interest (see instructions) 13.
14. Total amount due (add lines 12 and 13)…………………………………………………………...………………………………………………
14.
15. Indicate amount of overpayment if any from Line 12…………………………...…………………………………………………………
15.
16. Amount on Line 15 to be refunded……………………………………………………………...……………………………………………………
16.
17. Amount of Line 15 to be credited to 2021………………………………………………………………...………………………………………
17.
MAKE CHECK PAYABLE TO LFUCG
Preparer's Signature (return must be singed above) Date Signature of Licensee(s) (return must be signed above) Date
Print Name PTIN or FEIN # Print Name
Address Phone # Title Phone #
Forms 228/17NPF - Revised 11/19
Division of Revenue
PO BOX 14058
LEXINGTON KY 40512
PAYMENT
ATTACH
D
O
S
T
A
P
L
E
Penalty $__________
N
O
T
Office Use Only
LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT
2020 NET PROFITS LICENSE FEE RETURN - FORM 228
Transaction Number
I hereby certify that the statements made herein and in any supporting schedules are true, correct, and complete to the best of my knowledge.
SECTION 1: CALCULATION OF LICENSE FEE LIABILITY
QUESTIONS (ANSWER FULLY)
ALL PTIN, FEIN#, AND SOCIAL SECURITY NUMBERS MUST BE SUPPLIED FOR BOTH THE TAX PREPARER AND LICENSEE(S)
This return must be filed and paid in full on or before the 15th day of the 4th month after close of Fiscal Year.
Check this box if gross receipts from all Federal Form 1040, Schedules C, E, and F, plus all Form 1099-MISC was EQUAL TO OR LESS THAN $4,400.00 (see
instructions). Attach all federal forms, sign and date this form, and return by April 15, 2021.
Account Number
Fiscal Year End
Federal ID or SSN
HERE
Individual Corporation
3. Total percentages
%
4. Apportionment percentages
(a. If your business had both factors then divide line 3 by two.)
(b. If your business only had one factor then enter the single factor percentage here and Line 2, Setion 1.)
%
2. Payroll factor
(See instructions)
1. Sales factor
(See instructions)
$
$
Column A
Column B
Column C
Within the Urban County
Total Everywhere
A/B=C
$
$
Apportionment
factors
Partnership
18. Total Deductions - Add lines 13 through line 17
19. Adjusted Net Profit - Subtract Line 18 from Line 12.
Enter here and on line 1 of Section 1 on the front page.
SECTION 2: CALCULATION OF ALLOCATION PERCENTAGE
All licensees whose business operation s were not conducted entirely within the Urban County must complete this section
6. Ordinary gain or (loss) on the sale of property used in a
trade or business per Federal Form 4797 (Attach federal schedules)
7. Ordinary income or (loss) per Federal Form 1065
(Attach Form 1065 and applicable schedules)
8. Taxable income or (loss) per Federal Form 1120 or 1120A
or Ordinary income or (loss) per Federal Form 1120S
9. State Income Taxes and Occupational License Fees deducted
on the Federal Schedule C, E, F or Form 1065, 1120, 1120A or 1120S
10. Additions from Schedule K of Form 1065 or Form 1120S
11. Net operating loss deducted on Form 1120
WORKSHEET 1 - Calculation of Adjustment Net Business Income
Please complete the column that relates to your form of business
1. Non-employee compensation as reported on Form 1099-Misc reported as other
income on Federal Form 1040 (Attach federal schedules)
2. Net profit or (loss) per Federal Schedule C of Form 1040
(Attach Form 1 040 and applicable schedules)
3. Capital gain from Federal Form 4797 or Form 6252
reported on Schedule D of Form 1040 (Attach federal schedules)
4. Rental income or (loss) per Federal Schedule E of Form 1040
(Attach Form 1040 and applicable schedules)
5. Net farm profit or (loss) per Federal Schedule F of Form 1040
(Attach Form 1040 and applicable schedules)
15. Other Adjustments (Attach schedule) (See instructions)
16. Non-Taxable Income (Attach schedule)
17. Professional Expenses not reimbursed by the partnership
(Attach schedule)
12. Total Income - Add lines 1 through line 11
13. Subtractions from Schedule K of Form 1065 or Form 1120S
14. Alcholic beverage sales seduction (Attach computation)
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C. Did you have employees in Fayette County (Lexington-Fayette Urban County Government)

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Completed 23 January 2021

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