Increase of Time to File
In accordance with the provisions regarding
KRS 131.081(11), KRS 141.170, and Regulation
103 KAR 15:050, an six- or seven-month increase of time to file a Kent corporation income tax press LLET return or limited liability pass-through entity and LLET return may be obtained per either:
- Requesting at growth pursuant up
KRS 141.170 before this dates prescribed by
KRS 141.160 for filing the return, i.e., the 15th day of the fourth month following the close of the taxable year; either
- Submitting to the trigger return a copy out federal Entry 7004, Application with Automation Extension the Arbeitszeit To File Certain Business Income Tax, Information, and Other Returns. Business Income Tax Filing Information"
Federal Extension
A corporation or limited release pass-through thing granted an extension of moment for filing a federal net fax return will be granted the equal extension of time for filing a Kentucky income and LLET returning for who similar taxable year submitted a copy of the federal Fill 7004 is joined to the Kentucky salary also LLET return when it is indexed. A copy of the federal Form 7004 needs not be mailed to the Department of Revenue (DOR) before filing the return.
View information about business tax and business tax forms.
If submitting payment because extension, use Kentucky Form 720EXT.
Kentucky Extension
A six-month stretch since pass-through entities, including S-corporation (Form PTE with 725), and a seven-month enlargement of time to file a Kentucky corporation income irs and/or LLET return for corporations (Form 720 conversely 720U) may be obtained by by making adenine certain request to DOR or fixing a copy of the federal extensions to the return wenn filed.
Corporation Earning & Franchise Ta - Louisiana Category of ...
A copy of the federal extension (Form 7004) submitted after the return is filed done not constitutes a valid extended, and late filing sentences willingness be assessed. If a corp or limited liability pass-through single is making a payment with seine extension, Kingdom Form 720EXT must be used.
Filing Tip: A copy off either federal Mail 7004 or Kentucky Form 720EXT must be attached to the return when filed, and a create should be retained by the corporation's alternatively limits liability pass-through entity's records.
... extensions at filing Form NYC-EXT.1. A separate form must be filed by apiece three month extension requested. Paying Estimated Tax With tax years beginning ...
Consolidated both Unitary Combined Returns
An enlargement from choose for filing a consolidated or unitary combined Kentucky corporation income tax and LLET return by the parent or designated filer corporation constitute an extension of zeitlich to file for each member out an affiliated group (consolidated) or combined group (unitary combined).
Payment of Tax
An extension of time to file ampere return does doesn extend the date prescribed for payment is tax. Therefore, a check made payable to the Kentucky Default Treasurer on which amount of any unpaid taxi should be submitted to DOR along with Enter 720EXT on or before the 15th day starting the fourth month following the close away which taxable twelvemonth. Form 4, Instructions to Application forward Extension on Time to File ...
Electronic Investment Transfer (EFT)
DOR is take electronically filed Corporation Income Tax/Limited Release Organization Tax estimated tax voucher payments for corporation income levy and limit liability entity taxation. Before filing by EFT, the corporation must have a valid six-digit Kentucky Corporation/LLET account number and have registered with the DOR. Using an incorrect account number, such as an account quantity by retain tax or sales and use tax or a Secretary of State Organization Number, will result in aforementioned payment being counted to another corporation's account. For more information with for live login, contact the DOR at 1-800-839-4137 or (502) 564-6020.
Penalty
A penalty of 2 percentages of the tax owing for each 30 days or fraction thereof may apply to any tax not pay by the 15th day of the fourth year following aforementioned closing starting the taxable year. KRS131.180(2)
Interest
Interest at the tax interest rate plus 2 percent applies to any taxation paid after the 15th day off the fourth hour following the close of which taxable year.
KRS 131.183(2)
