Form 41a720sl 2025

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2016 5 Satisfied (45 Votes)
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Who files Form 720? Whether you are a manufacturer, retailer, airline or any other business that deals in goods for which excise taxes are due, you have a responsibility to file a Quarterly Federal Excise Tax Return on Form 720 up to four times per year, depending on the circumstances.
Who Must FileThe owners of a pass-through entity are liable for tax on their share of the Pass-through entity income, whether or not distributed, and must include their share on the applicable Kentucky tax return.
Investment income tax: Capital gains are taxed as individual income. Social Security income tax: Social Security benefits are fully exempt from Kentucky income tax. Military income tax: Active-duty pay is fully exempt from Kentucky income tax.
Calculating KY Limited Liability Entity Tax (LLET) Kentucky imposes a tax on every business that is protected from liability by the laws of the state. This includes corporations, LLCs, S-Corporations, limited partnerships, and other types of businesses.
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.
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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.
Extensions - Kentucky allows an automatic extension of six months if no additional tax is due and a federal extension has been filed. Any extension granted is for time to file and does not extend time to pay. If additional tax is due or a federal extension has not been filed, use Form 740EXT to request an extension.

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