Get Net Profits License Fee Information Return - Cityofbardstown

Filling out the Net Profits License Fee Information Return for S-Corporations, Partnerships, and LLCs taxed as partnerships is essential for compliance with the City of Bardstown. This guide provides a clear and supportive step-by-step approach to assist users in completing the form accurately and efficiently online.

Follow the steps to complete your form successfully.

1. Click the ‘Get Form’ button to access the form, which will open in your preferred editor.
2. Begin by indicating the type of organization by checking the appropriate box: S-Corp, Partnership, or LLC. Make sure to select one.
3. If the organization has been discontinued, enter the date of dissolution or sale. If applicable, provide the name and address of the successor if the business was sold.
4. List each shareholder or partner's earnings information as required. Ensure that you include the names and social security numbers for each relevant individual.
5. Enter the distributive share for each partner or shareholder but remember it should not exceed $75,000 for each individual.
6. If any amount was earned outside the city, provide that figure in the specified field. This is essential for calculating the pro-rata portion of the $75,000 base.
7. Calculate the taxable amount for each individual by deducting the amount earned outside the city from their distributive share.
8. Read the certification statement carefully. By signing, you affirm that all information provided is accurate and complete.
9. Sign and date the form, and include the title of your position if applicable.
10. After reviewing all entered information for accuracy, save your changes. You may also choose to download, print, or share the form as necessary.

Complete your NET PROFITS LICENSE FEE INFORMATION RETURN online today to ensure timely compliance with City regulations.