Get Form K 60

Filling out the Form K 60 is an essential step for those contributing to approved community service organizations in Kansas. This guide provides a clear and user-friendly overview of each section of the form, ensuring that users can complete it accurately and efficiently.

Follow the steps to successfully complete the Form K 60 online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter the taxable year information at the beginning of the form, indicating the start and end dates for the year in question.
3. Provide the name of the taxpayer as shown on the income tax return, along with the corresponding Social Security Number or Employer Identification Number (EIN).
4. If applicable, specify the name of the partnership, S corporation, LLC, or LLP. Include its EIN for accurate identification.
5. Select the type of taxpayer by checking the appropriate box: Corporation, Partnership or S Corporation, Individual, or Fiduciary.
6. Indicate the authorized credit percentage that applies to your contributions (50% or 70%).
7. Fill in the certificate number for the credit if you have one.
8. Detail the community service organization you contributed to, including the name, address, city, state, and zip code.
9. Proceed to Part A – Computation of Credit Available for This Year’s Contribution. Enter total contributions made in line 1.
10. Input your proportionate share percentage in line 2, reflecting your ownership interest.
11. Calculate your share of contributions by multiplying line 1 by line 2 and inputting this amount in line 3.
12. Specify the authorized credit percentage in line 4.
13. Calculate your share of the credit for contributions and enter this in line 5.
14. Complete Part B – Computation of This Year’s Credit. Enter any prior year carry forward in line 6.
15. Add the total from line 5 and line 6 to find the total credit available this year. Enter this in line 7.
16. Determine the total amount of tax liability after all credits in line 8.
17. Enter the lesser of lines 7 or 8 in line 9.
18. If necessary, complete Part C or Part D based on your claims.
19. Finally, review all entries for accuracy. Save changes, and proceed to download, print, or share the document as needed.

Complete your Form K 60 online today and ensure your contributions are properly credited.