City of Stanford                                             Form 520 
                                                 305 East Main Street 
                                                 Stanford, KY  40484 
      
Net Profit License Fee Return     (Please attach a copy of the return) 
 
Federal ID or Social Security Number ______________________   Year Ended ______________ 
Name: ____________________________________________________ 
Address: __________________________________________________ 
City/State/Zip: _____________________________________________ 
1. Check One:   ______ Corporation   _____ S-Corp. _____Partnership ______ Individual 
                          ______ Fiduciary     ______ Other _______________________________ 
2.  Nature of Business: _______________________________________ Number of Employees ____.  
3.  Have Federal authorities changed the net income as originally reported for any prior year?   
     _____ Yes           ______ No. 
4. Telephone Number: (Business) __________________________   (Home) ________________ 
5.If organization was discontinued, state when __________________________  
Name and address of Successor __________________________________________________ 
                                                 Schedule A 
1. Net Income per tax return: ATTACH FEDERAL FORM USED                                            1 $_____________________ 
     
2.  Add items not deductible (Line F Schedule B)                                                 2   ___________________ 
.                                                                                  SUBTOTAL        _____________________ 
3.  Deduct items not subject to tax (Line L Schedule C)                                          3  _____________________ 
                                                                            ADJUSTED NET INCOME       _____________________ 
4  Enter average percentage from Schedule D (If used)                                            4   _____________________ 
5.  Net Profits Subject to License Fee                                                                             5  _____________________ 
6. City License Fee                                                                                                      6   _____________.65____% 
7. Credits or Estimated Payments  (Deduct only if paid in advance)                               7    ___________________.   
                                                                                             TOTAL DUE           _____________________ 
8. Penalty ___________   Interest _____________                                                           8   _____________________ 
 
                                                                            BALANCE DUE        ______________________ 
 
Schedule B-Items Not Deductible                                                                Schedule C- Items Not Subject to Tax 
A. State or local taxes based on income $_____________                          G.. Interest                  _______________ 
B. Capital Losses                                       _____________                          H. Dividends              _______________ 
C. Net operating loss deduction                _____________                           I  Capital Gains          _______________ 
D. Guaranteed payments to partners        ______________                        J.  Royalties               _______________ 
E. Other non deductible items                   ______________                        K Other non taxable items ___________  
F. Total additions                                   $_____________                            L Total deductions       ______________ 
                                        Schedule D- Business Allocation 
Allocation Factor                                                                    In City           Total               Column C 
 M.  Gross Income (if not applicable, write N/A in Col. C.)    _____________________________________%                          
 N. Total wages, salaries & other compensation   
       (if not applicable, write N/A in Column C)                                                                                                 % 
 O. Total percents (Line M plus Line N)                                                                                                             % 
 P. Average Percentage (Line O divided by appl. percent) Enter on line 6                                  ___________% 
 
___________________________________           _____________________________________ 
Signature of Taxpayer                                               Signature of Preparer 
Make check or money order payable to the City of Stanford Tax Administrator Mail to City of Stanford, Kentucky 305 
                                                                                 th
East Main Street, Stanford,  KY  40484.  This return is due by April 15  or 105 days after the fiscal year end.