Form MOLT-2 Marshall County Occupational License Tax Return for Schools 2018

For the year ended December 31, 2018 or other taxable year beginning ___________ and ending ______________.
Section A – See Marshall County Occupational License Tax for Schools Net Profit Instructions located at www.marshall.kyschools.us

Principal business activity __________________________________________________________________________________
Principal Owner/Administrative Officer _____________________________________________ Phone ____________________
Social Security Number or Federal ID Number __________________________________________________________________
Name and address (revise if incorrect on form)

If business activity began within the county during the year, enter date _______________
If business activity was discontinued within the county during the year, enter date _______________
Did you have employees in Marshall County during the year? Yes ____ No ____
Type of organization: Corporation _________ S Corporation __________ Partnership __________

Non-Profit ________ LLC __________ Individual __________ Other _______________
Section B
1 Adjusted Net business income
(from Worksheet 1, Line 20 – see reverse)
2 Average allocation percentage
(from Worksheet 1, Line 24, see reverse)
3 Net profits subject to license tax
(Line 1 multiplied by Line 2)
4 License tax due
(Line 3 multiplied by .005)
5 Interest, if filed after due date
(1% per month or portion thereof)
6 Penalty, if filed after due date
(5% per month or portion thereof, not to exceed 25% ) Minimum $25
7 Total amount due
(Add Lines 4 through 6)
8 Less credit
(amount paid with extension or overpayment credited from prior year – attach schedule)
9 Balance due
(If Line 7 is greater than Line 8, enter here and pay balance due with return)
10 Overpayment (if line 8 is more than Line 7, enter here and check preference) Refund Credit

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

____________________________________________________ __________________________________________________
Preparer’s Signature Date Signature of Licensee Date

____________________________________________________ __________________________________________________
Print Name Phone No. Print Name Phone No.

IMPORTANT: You must attach all applicable federal returns and schedules.

MAKE CHECK PAYABLE TO: Marshall County Occupational License Tax for Schools

REMIT TO: Marshall County Occupational License Tax for Schools
86 High School Road
Benton, KY 42025
(270) 527-6759

DUE DATE: April 15, 2019 or three and one-half months following fiscal year end

Form MOLT-2 Marshall County Occupational License Tax Return for Schools Page 2

Worksheet 1 – Adjusted Net Business Income Partnership &
Complete column that relates to your form of business Individual S-Corporation Corporation
1 Non-Employee compensation recorded as “other income”
On Federal Form 1040 (attach page 1 of 1040 & 1099)
N/A N/A
2 Net profit or (loss) per Schedule C or C-EZ
(attach page 1 of 1040 and applicable schedule)
N/A N/A
3 Net profit or (loss) per Schedule E
(attach page 1 of 1040 and applicable schedule)
N/A N/A
4 Net profit or (loss) per Schedule F
(attach page 1 of 1040 and applicable schedule)
N/A N/A
5 Gain (loss) on the sale of property used in a trade, business
Or rental activity (attach 4797 and/or Schedule D)
**only the amounts from trade, business, or rental
N/A N/A
6 Net income (loss) per Federal Form 1065
Schedule K – Analysis of net income (loss) from page 5
(attach Form 1065, pages 1 through 5) N/A
N/A
7 Income (loss) per Federal Form 1120S
(attach Form 1120S, pages 1 through 4) N/A
N/A
8 Taxable income per Form 1120
(attach Form 1120, pages 1 through 5) N/A N/A
9 Other business income (attach schedule)
(wages earned in county – no county tax withheld)

10 Total business income
(add lines 1 through 9)

ITEMS NOT DEDUCTIBLE
11 State and local license taxes based on income
(attach schedule)

12 Foreign taxes from Schedule K of Form 1065 and 1120S
N/A
N/A
13 Pass through loss from another entity included on
Federal Return N/A
14 Expenses associated with income not subject to the
License tax (attach schedule)

15 Other
(attach full explanation and schedule)

16 Total items not deductible
(add Lines 11 through 15)

ITEMS NOT SUBJECT
17 Pass through profit from another entity included on
Federal Return N/A
18 Other
(attach full explanation and schedule)

19 Total items not subject
(add Lines 17 and 18)

20 Adjusted net business income (Line 10, plus Line 16,
Less Line 19). Enter on Section B, Line 1

COMPUTATION OF APPORTIONMENT PERCENTAGES
Column A Column B Column C
Amount in Total Amount Marshall Co. %
Marshall Co. Everywhere (A divided by B)
21 Business Receipts Factor

22 Payroll Factor (use TOTAL GROSS Marshall wages,
Not just taxable wages)
23 Total Percentages
(add Column C, lines 21 and 22)
24 Average Allocation Percentage (Column C, Line 23
divided by the number of percents used)

%
%

NOTE: A separate form MUST be prepared for EACH trade or business. Spouses with separate businesses must file separately. A loss from one trade or business CANNOT offset a profit from another trade or business.

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