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How much is the license fee withheld in Lexington-Fayette?

The Lexington-Fayette Urban County Government assesses an occupational license fee of 2.25%. The fee applies to an individuals compensation and a businesss net profits.

Which state does not accept federal extensions?

Alaska doesnt collect income tax, so there is no Alaska tax extension to file. Florida doesnt collect income tax, so there is no Florida tax extension to file. Nevada doesnt collect income tax, so there is no Nevada tax extension to file.

Does Lexington, KY accept federal extensions?

Taxpayers who request a federal extension are not required to file a separate Kentucky extension, unless an amount is due with the extension. The requirement may be met by attaching federal Form 4868 (automatic extension) to the Kentucky return.

What is the occupational license tax in Kentucky?

Calendar year filers with a year end of December 31, 2022 pay a tax of 1.49% on net profits. Beginning January 1, 2023, the net profit tax will increase to 1.65%.

Where do I mail my Kentucky extension?

If paying an estimate, extension, or other payment without a paper return, mail check or money order made payable to Kentucky State Treasurer to Kentucky Department of Revenue Frankfort, KY 40620-0021 Services. Department of Revenue Electronic Services Menu. Find online tax services availible in Kentucky.

Do I need a business license in Lexington, KY?

All businesses operating in Lexington-Fayette County need to register for a business permit, also known as an occupational license. The following steps are necessary to meet local, state and federal requirements. You cannot receive a local business license unless you have completed state and federal requirements.

Does KY grant automatic extension?

If you request an extension with the IRS, youll have until Oct. 15 an additional six months to file your return. The Kentucky Department of Revenue also grants a six-month extension. By getting a federal extension, you can automatically have an extension to file in Kentucky.

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