Get 2016 Whitley County, Kentucky Net Profit License Fee Return

Filing the 2016 Whitley County, Kentucky Net Profit License Fee Return can seem daunting, but this guide offers clear, step-by-step instructions to help you complete the form with confidence. By following these guidelines, you can ensure that all necessary information is accurately reported.

Follow the steps to successfully complete your Net Profit License Fee Return.

1. Click ‘Get Form’ button to obtain the form and open it in the online editor.
2. Enter your WCOCC Tax Number and Federal ID number or Social Security Number in the designated fields at the top of the form.
3. Indicate the year ended by filling in the appropriate blank.
4. Mark the appropriate checkbox for address correction, amended return, or final return as applicable.
5. In Section A, fill in the net profit from your attached return in the specified field.
6. Add any items not deductible in the provided lines below, listing each item clearly.
7. Deduct items not subject to tax by listing them in the designated area.
8. Calculate the total by adding the net profit and additional items not deductible, then subtracting the deductible items.
9. Complete the line for the percentage applicable from Section B, which is used to adjust your net profit.
10. Determine your net profit after adjustments by multiplying the total calculated in the previous step by the percentage from Section B.
11. Enter any deductions from Section C that apply.
12. Calculate the county net profits by subtracting any deductions from the adjusted net profit.
13. Determine the Whitley County license fee by multiplying the county net profits by one percent (1%).
14. Include any estimated payments or credits applicable to this return.
15. Calculate the balance by subtracting estimated payments or credits from the Whitley County license fee.
16. Input any applicable penalties as shown in the instructions.
17. Add interest calculated at twelve percent per annum for any unpaid fees.
18. Finally, calculate the total balance due by adding the balance, penalties, and interest together.
19. Certify the information by signing and dating the form. Ensure to include the preparer's information if applicable.
20. Attach copies of all necessary federal and state returns as required before submitting through the online process.
21. Save any changes you've made and choose to download, print, or share the completed form as needed.

Complete your Net Profit License Fee Return online to ensure timely submission and compliance.