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Get Kentucky Form 722
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How to fill out the Kentucky Form 722 online
Filling out the Kentucky Form 722 is an essential process for corporations electing to file a consolidated Kentucky corporation income tax return. This guide offers a clear, step-by-step approach to assist users in completing the form accurately and efficiently online.
Follow the steps to complete the Kentucky Form 722 online effectively.
- Press the ‘Get Form’ button to access the form and open it in the editor.
- Enter the name of the affiliated group, which includes the common parent corporation and all subsidiaries as applicable.
- Provide the common parent's Kentucky account number in the designated space.
- Fill in the complete address of the affiliated group, including the number and street, city, state, and ZIP code.
- Input the federal identification number in the specified format.
- Include a valid telephone number for the contact person associated with the affiliated group.
- Review the conditions of the election carefully and ensure all members of the affiliated group understand and consent. Note that this election is binding and irrevocable for the designated period.
- Acknowledge the reporting requirement for all members of the affiliated group for the taxable year as defined under relevant regulations.
- Signer details: the individual authorized by the common parent corporation must sign and date the form, providing their title.
- Finalize the form by saving changes, downloading, printing, or sharing it as needed.
Complete your Kentucky Form 722 online today to ensure timely submission.
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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.
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