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Can anyone assist with this? Kentuckys sales and use tax rate is six percent (6%). Kentucky does not have additional sales taxes imposed by a city or county. 5.)
Kentucky is now offering KY File, a new way to file your current year return free of charge. It allows you to: Select the Kentucky income tax forms and schedules that you need. Fill in your tax information online.
All income tax and limited liability entity tax (LLET) forms are available at .revenue.ky.gov (click on Tax Forms) or by calling (502) 564-3658.
We accept forms that are consistent with the official printed versions and do not have an adverse impact on our processing. This policy includes forms printed from IRS.gov and output on high-quality devices such as laser or ink-jet printers, unless otherwise specified on the form itself.
Yes, starting in Drake19, KY Form 725, Single Member LLC Individually Owned Income and LLET Return, can be generated and e-filed through Drake Tax. To generate KY Form 725, first complete the federal data entry screens, as applicable.
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Many large grocery stores, copy centers and office supply stores have forms you can photocopy or print from a CD.
Starting in 2019, KY Form 725 is available for electronic filing and data entry screens have been enhanced (see Related Links below). How to find it: On the Kentucky screen menu in data entry, SMLLC tab, select: 725 Single Member LLC Page 1 of Form 725.
The Department of Revenue will always attempt to work with you in order to pay your debt but you must contact us. If you dont make acceptable payment arrangements and/or dont make the payments you agreed to, the Department of Revenue will take action to collect the money you owe.
Whether you sell items only online or not, the IRS and most states see any income you earn from these sales as taxable. Whether or not you will owe taxes for selling personal items, goods, or services online will depend on several factors, including whether you made a profit.
To record received sales tax from customers, debit your Cash account, and credit your Sales Revenue and Sales Tax Payable accounts. When you remit the sales tax to the government, you can reverse your initial journal entry. To do this, debit your Sales Tax Payable account and credit your Cash account.