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Madison County Finance Office
NET PROFITS LICENSE FEE RETURN
Account Number Calendar/Fiscal Year Ended
Month Day Year
Attach Federal Returns and any
Schedules that apply Federal ID Number Due Date
Questions (ANSWER IN FULL)
1. Nature of Business
2. Date Business Started in this County
3. If Business was Discontinued, State When
( ) by Dissolution or ( ) by Sale
if by sale give Name and Address of successor
4. Did you have employees in this County? ( ) Yes ( ) No
5. Basis upon which tax return is prepared ( ) Cash ( ) Accrual
( ) C-Corp ( ) S-Corp ( ) Partnership ( ) Sole-prop.
6. Business Type: ( ) Fiduciary ( ) Other (Specify)
7. Has the IRS changed the Net Income as originally reported for
any prior year? ( ) No ( ) Yes
Phone Number If YES (Attach Schedule of Changes for each year)
INDICATE ANY NAME OR ADDRESS CHANGE ABOVE
SCHEDULE A
FOR OFFICIAL USE ONLY 1. Gross Reciepts per Federal Tax Return
Rec'd 2. Total Business Deductions
Ck. No. 3. Net Business income
Amount 4. ADD Items not deductible (Line F, Schedule B)
5. Total (Line 3 plus line 4)
6. DEDUCT items not subject (Line K, Schedule B)
Circle if Applicable 7. Adjusted Net Business Income (Line 5 less Line 6)
Final Return and/or No Activity 8. If Sch. C from blow is used ehter Average Percentage Here
9. NET PROFITS subject to License Fee (Line 7 X Line 8)
10. License Fee - 1.0000% of line 9
Make checks payable and mail to: 11. Interest - 12.00% per annum portion of year.
Madison County Finance Office 12. Penalty - 5.00% per month-maxium 25%- not less than $25
P.O. Box 547 13. Total (Line 10+11+12)
RICHMOND, KY 40476-0547 14. Less Credits - ( ) ESTIMATE ( ) OTHER
Phone Number (859) 624-4742 15. BALANCE DUE (line 13 less Line 14) pay this amount
16. If estimate overpaid Indicate ( ) Refund or ( ) Credit
SCHEDULE B
NOTE: ADD AND OR DEDUCT ONLY THOSE ITEMS WHICH ARE INCLUDED IN CALCULATING NET INCOME PER FEDERAL RETURN
ITEMS NOT DEDUCTIBLE - ADD ITEMS NOT SUBJECT - DEDUCT
A. State or Local taxes based on income G. Royalties on Patents, Copyrights
B. Capital Gain (50) subject H. Dividends
C. Net operating Loss Deduction I. Captial Loss (50% deductible)
D. Partner's Salaries (attach schedule) J. Other (attach schedule)
E. Other items (please list) K. Total Deductions (enter on line 6)
F. TOTAL ADDITIONS (enter on line 4)
SCHEDULE C
Business Allocation perecentage-Divide (Col. A) by (Col. B) to obtain decimal. Carry out at least 6 places
ALLOCATION FACTORS Madison County Total Factor Percentage
1. Total Gross Business Receipts ………………………………………………………………………………
2. Total Wages, Salaries and Other Personal Service ………………………………………………………..
3. TOTAL PERCENTS …………………………………………………………………………………………………………………………….
4. AVERAGE PERCENTAGE (Line 3 divided by number of percents) ………………………….……...Enter of line 8
I hereby ceritfy that the information, schedules, statements and exhibits filed herewith are true and correct.
Signed Title Date
THIS RETURN IS DUE ON OR BEFORE APRIL 15, FOR THE CALENDAR YEAR OR WITHIN 105 DAYS OF THE END OF YOUR FISCAL YEAR
NP-A Rev. 5/10/2007
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