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  • Kentucky Form 722

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FORM 722 ELECTION TO FILE CONSOLIDATED KENTUCKY CORPORATION INCOME TAX RETURN 41A722 10-03 Revenue Cabinet Name of Affiliated Group Common Parent Corporation and Subsidiaries e.g. ABC Inc. and Subsidiaries Common Parent s KY Account Number Number and Street Federal Identification Number City State ZIP Code Telephone Number The above named affiliated group hereby elects to file a consolidated Kentucky corporation income tax return. All members of.

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The LLET may be calculated using the lesser of $0.095/$100 of Kentucky gross receipts or $0.75/$100 of Kentucky gross profits. A minimum tax of $175 applies regardless of the method used. Sole proprietorships and pass-through entities are exempt from state corporate income taxes.

The use of Form 720-V identifies the payment as a payment for a Kentucky electronic filed tax return. DO NOT send a copy of the electronically filed return with the payment of tax due. For balance due returns, taxpayers should complete Form 720-V and submit it along with payment.

Up to $31,110 of income from private, government, and military retirement plans (including IRAs and 401(k) plans) is exempt. However, government retirement income attributable to service credits earned before 1998 is fully exempt without limits. Railroad Retirement benefits are also exempt.

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 $13,590; however, you will need to file a return to claim a refund of any Kentucky income tax withheld.

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.

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.

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.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232