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What is a Form 725?

FORM 725 (2021) PART IVEXPLANATION OF FINAL RETURN AND/OR SHORTPERIOD RETURN Refund or No Payment Enclose With Payment Payment All supporting federal forms and schedules, including Federal Schedule(s) C, E, and/or F.

Is an LLC worth it for tax purposes?

An LLC can help you avoid double taxation unless you structure the entity as a corporation for tax purposes. Business expenses. LLC members may take tax deductions for legitimate business expenses, including the cost of forming the LLC, on their personal returns.

Can you eFile Kentucky state taxes?

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.

Where do I file my KY 725?

Kentucky Department of Revenue P. O. Box 856905 Louisville, KY 40285-6905 Kentucky Department of Revenue Frankfort, KY Return (Form 725).

Where can I get Kentucky tax forms?

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.

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