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Who Must File Ky Form 725?

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.

Can Ky Form 725 be Efiled?

Can I e-file the Kentucky Form 725 Single Member LLC through Drake Tax? 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.

What is a 725 tax form?

Kentucky Form 725 is designed to tax the single member, individually owned Limited Liability Corporation (LLC) where the income from a business owned by an individual is taxed as a corporation, if business done by the LLC was done in Kentucky.

ky form 725 instructions

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Do I need to file a KY tax return?

Do I need to file a Kentucky tax return? A. No, you do not have a filing requirement with Kentucky because your modified gross income is not greater than $12,880; however, you will need to file a return to claim a refund of any Kentucky income tax withheld.

Can you eFile Ky amended returns?

Description:You cannot eFile a KY Tax Amendment anywhere, except mail it in.

Can Ky Form 725 be Efiled?

Can I e-file the Kentucky Form 725 Single Member LLC through Drake Tax? 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.

What is the Form 725?

Kentucky Form 725 is designed to tax the single member, individually owned Limited Liability Corporation (LLC) where the income from a business owned by an individual is taxed as a corporation, if business done by the LLC was done in Kentucky.

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.

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