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  • Fayette Count Public Schools Net Profits Questionnaire Form

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QUESTIONNAIRE AND INITIAL REPORTING FOR AN OCCUPATIONAL LICENSE TAX ACCOUNT FOR SCHOOLS Office Use Only NON-PROFIT organizations will not be required to file Form 228-S Net Profits Occupational License Tax Return provided a copy of a Federal letter of exemption is submitted to support the non-profit status. Account Please complete this questionnaire and return it to the Tax Office by mail. Business or trade name Local business address Home addres.

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How to fill out the Fayette County Public Schools Net Profits Questionnaire Form online

Completing the Fayette County Public Schools Net Profits Questionnaire Form is essential for complying with local tax regulations. This guide provides clear, step-by-step instructions to help you accurately fill out the form online.

Follow the steps to complete the questionnaire with ease.

  1. Click ‘Get Form’ button to obtain the form and open it in the editor.
  2. Enter the business or trade name in the appropriate field. This identifies your organization’s primary name.
  3. Provide the local business address where your operations are headquartered.
  4. If your mailing address differs from the local business address, please specify it here.
  5. Fill out the business phone number and home phone number as required.
  6. Input your email address along with the website address if applicable. This facilitates communication.
  7. Select the type of ownership that best describes your business structure from the options provided.
  8. List the names of owners or partners, or if incorporated, include the titles of officers.
  9. Provide the Social Security Number in the designated area. This is necessary for identification.
  10. Describe the nature of your business, ensuring clarity about the services or products you provide.
  11. Enter the date your business started operating in Fayette County.
  12. Indicate the accounting period as specified in your federal income tax return.
  13. Answer whether you have any other business entities in Fayette County and list them if applicable.
  14. Indicate if you have employees working in Fayette County, and provide their details if applicable.
  15. Affirm the accuracy of your information by providing your signature, printed name, date, and title.
  16. After completing all sections, review the form for accuracy, then save changes, download, print, or share the completed form as needed.

Complete your Fayette County Public Schools Net Profits Questionnaire Form online today to ensure compliance.

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Kentucky's sales and use tax rate is six percent (6%). Kentucky does not have additional sales taxes imposed by a city or county.

Fayette County levies a local occupational license tax at the rate of 2.25% on salaries/wages and business net profits.

The Lexington-Fayette Urban County Government Charter provides that the 2.25% occupational license fee applies to all individuals, employers and businesses in Fayette County.

Overview of Kentucky Taxes Kentucky imposes a flat income tax of 5%. The tax rate is the same no matter what filing status you use. Aside from state and federal taxes, many Kentucky residents are subject to local taxes, which are called occupational taxes.

Kentucky has a flat 4.50 percent individual income tax rate. There are also jurisdictions that collect local income taxes. Kentucky has a 5.00 percent corporate income tax rate. Kentucky has a 6.00 percent state sales tax rate and does not levy any local sales taxes.

Kentucky is tax-friendly toward retirees. Social Security income is not taxed. Withdrawals from retirement accounts are partially taxed. Wages are taxed at normal rates, and your marginal state tax rate is 0.0%.

Kentucky's individual income tax law is based on the Internal Revenue Code in effect as of December 31, 2021​​​​​. The tax rate is five (5) percent and allows itemized deductions and certain income reducing deductions as defined in KRS 141.019​.

Residents of Lexington Fayette Urban County pay a flat county income tax of 2.25% on earned income, in addition to the Kentucky income tax and the Federal income tax. Nonresidents who work in Lexington Fayette Urban County also pay a local income tax of 2.25%, the same as the local income tax paid by residents.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
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
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
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 WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
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