Form 725 2015-2025

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2023 4.9 Satisfied (60 Votes)
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2020 4.8 Satisfied (140 Votes)
2016 4.3 Satisfied (152 Votes)
2015 4.3 Satisfied (375 Votes)
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To obtain your valid Kentucky Corporation/LLET account number, please contact the Department of Revenue at (502) 564-3306.
Tax Voucher, Form 720ES, is used to submit estimated tax. payments for corporation income tax and LLET. See Electronic. Funds Transfer (EFT). If the corporation is required to make.
TC 720 means that there has been a refund repayment to your account - the IRS issued you a refund, but it was returned to the IRS.
Form 1040-V is a statement you send with your check or money order for any balance due on the Amount you owe line of your Form 1040 or 1040-NR.
Tax form 720, Quarterly Federal Excise Tax Return, is used to calculate and make excise tax payments on certain categories of income/assets. Excise taxes are taxes paid when purchases are made on a specific good. Most excise tax in some ways resembles a state sales tax. They are paid on purchases of specific goods.
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As of 2021, the penalty for not filing Form 720 on time is 5% of the unpaid tax amount per month, up to a maximum of 25% of the total unpaid tax. Additionally, interest will accrue on any unpaid taxes, starting from the date the taxes were due. The interest rate is currently set at 0.5% per month, or 6% per year.
A single member LLC whose single member is an individual, estate, trust, or general partnership must file a Kentucky Single Member LLC Individually Owned Income and LLET Return (Form 725) or a Kentucky Single Member LLC Individually Owned LLET Return (Form 725-EZ) to report and pay any LLET that is due.

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