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BOARD OF EDUCATION OF FAYETTE COUNTY
Net Profits Occupational License Tax Return FORM 228-S
This form must be filed and PAID IN FULL on or before Apr il 15 , 201 or9, by the 15th day of the 4th month after close of fiscalyear.
Questions? Visit us online at www.fcps.net/tax or contact us by phone at (859) 381-41 74 ,4164 or 4157 . 2018

Make check payable to: Account Number A . Nature of business
Fayette County Public Schools (FCPS)
B . Date business started in Fayette County
Mail to: Federal ID or SSN C. If organization was discontinued, state when
FCPS
Tax Collection Office Dissolution Sale Name of Successor
P.O. Box 55570
Lexington, KY 40555-5570 For Year Ending D. Did you have employees in Fayette County in 2018? Yes No
DO NOT SEND CASH IN THE MAIL
E. Have federal authorities changed the net income as originally reported for
any prior years?
Yes No
If yes, have amended returns been Yes No
If no, attach schedule of changes for each year. Years
F . Please check box if business had no activity within Fayette County
G Please indicate filing status per Federal return Individual Partnership
Corporation S-Corp Other
H. Please check box if this return is:
Initial Final Amended

SECTION 1: C ALCULATION OF LICENSE TAX LIABILITY
1. Adjusted Net Profit from applicable worksheet — see reverse 1.
Attach applicable Federal Schedules ……………………………………………………... OFFICE USE ONLY
2.
2. Average allocation percentage (Section 2, Line 4, Column C)…………..…….….. Transaction Number
3.
3. Adjusted Net Profits (Line 1 X Line 2)…………………….……………………….…...
4. License tax due (Line 3 X .005)………..……………………………………………....… 4.
5.
5. Less credits (attach schedule)………………………….………………………………
6. Subtotal (Line 4—Line 5)………………….……………………………………..……….. 6.

7.
7. Interest (1% per month or portion of month).………..……………………………...
8. Penalty (5% per month or portion thereof, not to exceed 25% minimum $25)………….. 8.

9. Balance due (add lines 6 through 8) …………………………….……………………. 9.

10. Overpayment: check preference 10.
Refund Credit ……………...
SECTION 2: C ALCULATION OF ALLOCATION PERCENTAGE
APPORTIONMENT FACTORS Column A Column B Column C
Urban Co. Factor Total Everywhere A/B=C
$ $
1. Sales factor (see instructions)……………………………………………………
$ $
2. Payroll factor (see instructions)………………………………………………….
3. Total percentage (add Column C, Lines 1 and 2) ………………………………………………………………………………………..
4. Average allocation percentage (Column C, Line 3 divided by number of factors). Enter on Line 2, Section 1 …………….

I hereby certify that the statements made herein and in any supporting schedules are true, correct, and complete to the best of my knowledge.

**RETURN MUST BE SIGNED**
X X
Preparer’s Signature Date Signature of licensee Date

Print Name Phone No. Print Name Title

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                                               Net Profits Occupational License Tax Return 
                                        Worksheet 1—Calculation of Adjusted Net Business Income 

                                        ENCLOSE ALL APPLICABLE FEDERAL FORMS AND SCHEDULES 

Please complete the column that                                                            Corporation/ 
relates to your form of business                          Individual Partnership           S - Corporation Other 
1  Non-employee compensation from Form 1099 –Misc 
   reported as “other income” on federal Form 1040                   NA                    NA 
   (attach 1040 and 1099) 
2  Net profit or (loss) per Federal Schedule C or C-EZ of 
   Federal Form 1040 (attach Form 1040, Schedule C or                NA                    NA 
   Schedule C-EZ) 
3  Rental Income or (loss) per Federal Schedule E of 
   Form 1040 (attach Form 1040 and Schedule E)                       NA                    NA 

4  Net Farm Income or (loss) per Federal Schedule F of 
   Federal Form 1040 (attach Form 1040 and                           NA                    NA 
   Schedule F) 
5  Gain or (loss) on the sales of business property from 
   Federal Form 4797 or Form 6252 reported on  
   Schedule D of Form 1040 (attach Form 4797 or Form                 NA                    NA 
   6252) 
6  Ordinary business income or (loss) per Federal Form 
   1065 (attach Form 1065 and applicable schedules)       NA                               NA 

7  Taxable income or (loss) per Federal Form 1120 or 
   1120A OR Ordinary income or (loss) per Federal Form 
   1120S (attach applicable forms; 1120, 1120A or         NA         NA 
   1120S and all applicable schedules) 
8  State and local license taxes or fees based on income 
   deducted on Federal Schedule C, E, F, 1065, 1120, 
   1120A or 1120S (attach schedule) 
9  Additions from Schedule K of Federal Form 1065 or 
   1120S (attach Schedule K and applicable schedules)     NA 

10 Net operating loss deduction from Form 1120 
                                                          NA         NA 

11 Partner’s Salaries from Form 1065 (if not added back 
   on Line 9)                                             NA                               NA 

12 Expenses associated with income not subject 
   to the license tax (attach schedule) 

13 Other Adjustments (attach schedule)
                                                          NA         NA
14 Total Income (add Lines 1 through 13) 

15 Subtractions from Schedule K of Federal Form 1065 
   or Form 1120S (attach Schedule K and applicable        NA 
   schedules)
16 Income included in Line 14 deemed not subject to the 
   license tax (full explanation and schedule must be 
   attached) 
17  Total Deductions (add Lines 15 and 16) 

18 Adjusted Net Profit (Line 14 less Line 17) Enter 
   result on Section 1, Line 1 of front page

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