Where do I get form 740 Kentucky?

For 2016 and prior, use Form 740-X. You may obtain these forms by contacting a Kentucky Taxpayer Service Center or writing FORMS, Kentucky Department of Revenue, P. O. Box 518, Frankfort, KY 40602-0518. You may also download forms at www.revenue.ky.gov the Department of Revenue’s website.

What is a form 740?

​Child and Dependent Care Credit. Kentucky taxpayers claiming the child and dependent care credit will claim this credit on Form 740 or 740-NP. The credit is claimed on line 24 of Form 740 or Form 740-NP by entering the amount of the federal credit from federal Form 2441 and multiplying by 20 percent.

Can you file Kentucky state taxes online?

Kentucky is now offering KY File, a new way to file your current year return free of charge. It allows you to: Select the Kentucky income tax forms and schedules that you need. Fill in your tax information online.

What is a LLET in Kentucky?

​The tax imposed by KRS 141.0401 is a tax imposed on those entities with limited liability in the state of Kentucky and not an income tax. Therefore, the Limited Liability Entity Tax (LLET) paid is not an add-back to determine Kentucky taxable income; it is deductible for Kentucky and federal purposes.

Where can I get Ky tax forms?

www.revenue.ky.gov
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.

Do I have to file a Kentucky state tax return?

Do I need to file a Kentucky tax return? A. No, you do not have a filing requirement with Kentucky because your modified gross income is not greater than $12,880; however, you will need to file a return to claim a refund of any Kentucky income tax withheld.

Who is subject to Kentucky LLET tax?

Kentucky’s limited liability entity tax applies to traditional corporations, S corporations, LLCs, limited partnerships (LPs), and limited liability partnerships (LLPs). The tax is based on a business’s annual gross receipts. For businesses with gross receipts less than $3 million, there is a minimum LLET of $175.

How is Kentucky LLET calculated?

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.