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720 *1200020200* 41A720 Department of Revenue See instructions. Kentucky Corporation/LLET Account Number KENTUCKY CORPORATION INCOME TAX AND LLET RETURN Taxable period beginning , 201 , and ending.

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All income tax and limited liability entity tax (LLET) forms are available at www.revenue.ky.gov (click on Tax Forms) or by calling (502) 564-3658.

CORPORATION NET INCOME TAX A Limited Liability Entity Tax (LLET) applies to both C corporations and Limited Liability Pass-Through Entities (LLPTEs) and is not an alternative to another tax. However, corporations paying the LLET are allowed to apply that amount as a credit towards its regular corporate income tax.

A Limited Liability Entity Tax (LLET) applies to both C corporations and Limited Liability Pass-Through Entities (LLPTEs) and is not an alternative to another tax. However, corporations paying the LLET are allowed to apply that amount as a credit towards its regular corporate income tax.

They may also be obtained by writing FORMS, Department of Revenue, P. O. Box 518, Frankfort, KY 40602-0518, or by calling (502) 564 3658.

All income tax and limited liability entity tax (LLET) forms are available at www.revenue.ky.gov (click on Tax Forms) or by calling (502) 564-3658.

Like S corporations, standard LLCs are pass-through entities and are not required to pay federal income tax. However, in Kentucky, LLCs are required to pay the LLET. The LLET aside, income from the LLC is distributed to individual members, who then pay federal and state taxes on the amount distributed to them.

(502) 564-3490. Annual Reports.

Can I use this section 179 expense deduction carryover to offset the additional income I am reporting for Wisconsin? Since Wisconsin does not allow the deduction for the federal bonus depreciation, my Wisconsin income is higher than my federal income.

Bonus depreciation differs in some important ways from Section 179: it is not subject to an annual dollar limit.

In addition, H.B. 366 specifically decouples from 100-percent federal bonus depreciation and the $1 million and $2 million investment phase-out limits for the IRC section 179 deduction. ... The legislation also eliminates certain other tax deductions.

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© Copyright 1997-2025
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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
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 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