Enlarge image | Boone County Fiscal Court www.BooneCountyKy.org 2950 Washington Street PO Box 960 Burlington, KY 41005 (859) 334-2144 (859) 334-3914 fax Net Profit Tax Return for 2017 Use this form if your year end is between January 1, 201 and December7 31, 201 7 Name: Account #: ________________________________________ dba: FEIN/SSN:_________________________________________ Address: Due Date:_________________________________________ Net Profit return is due one hundred and five (105) days after your last accounting day of the year. Example year end is December 31 return would be due April 15 of the City, State, Zip: following year. Boone County Board of Education Tax - 1/2 of 1% (.005) *****No Maximum***** 1) Adjusted Net Business Income (Page 2, Line 25(a)) $ 2) Multiply Line 1 - by 1/2 of 1% (.005) $ 3) Late filing and/or Paying Penalty Fee $ 5% per month, maximum not to exceed 25%,Minimum $25 4) Interest Fee (1% per month, 12% per year ) $ 5) Total Board of Education Tax $ Boone County Ordinance #07-27 - 8/10 of 1% (.008) *****Max $59,217.00/tax of $473.74***** 6) Adjusted Net Business Income (Page 2, Line 25(b)) $ 7) Multiply Line 6 - by 8/10 of 1% (.008) (Not greater than $473.74) $ 8) Late filing and/or Paying Penalty Fee $ 5% per month, maximum not to exceed 25%,Minimum $25 9) Interest fee 1% per month, 12% per year $ 10) Total Boone County Net Profit Tax $ Boone County Mental Health Tax Ordinance #07-26- 15/100 of 1% (.0015) *****Max Profit $16,666.00/tax of $25.00***** 11) Adjusted Net Business Income (Page 2, Line 25(c)) $ 12) Multiply Line 11- by 15/100 of 1% (.0015) (Not greater than $25.00) $ 13) Late filing and/or Paying Penalty Fee $ 5% per month, maximum not to exceed 25%,Minimum $25 14) Interest fee 1% per month, 12% per year $ 15) Total Mental Health Tax $ 16) Subtotal Taxes (add lines 5,10,15) $ 17) AddAnnual Business License Fee $25 (See instructions for multiple location fees) $ 18) TOTAL DUE (ADD LINES 16 and 17) $ 19) Overpayment from Prior Year $ 20) Estimated Tax Payment with Extension $ 21) Total Prior Year & Estimated Payments (ADD LINES 19 and 20) $ Total remittance (line 18 less line 21) $ Make check payable to: Boone County Fiscal Court If Overage please specify Refund or Credit Refund Credit You must attach a copy of the Federal Tax Return, Supporting Schedules (include all pages) and complete page two -Calculation Of Adjusted Business Income Signed: Date: Printed Name Official Title: Tax Form Prepared By: Telephone Number: E-mail I declare, under the penalties of perjury, that I have examined this document and to the best of my knowledge and belief, this is a true and accurate return. Please notify in writing any changes of ownership or new address by completing a Request to Change/Close Occupational License Account which can be found on our website @ www.BooneCountyKY.org. If you have any questions please call 859-334-2144 or email OccLicense@BooneCountyKY.org Mail your return to: PO Box 457, Florence, KY 41022-0457) are for returns WITH PAYMENT and PO Box 960, Burlington, KY 41005-0960) are for returns WITHOUT PAYMENT. Form 0706 - page 1 of 2 |
Enlarge image | Account #: _________________________ Account Name:___________________________ Year Ended:________________________ FEIN/SSN: _______________________________ Adjusted Business Income Calculation Page (page 2 of Net Profit Return) Individual Partnership Corp and S-Corp 1040 Schedule C, E, F, 1040 Other income, 1099 Form 1065 Form 1120 & 1120S Non-employee Compensation as reported on Form 1099-Misc reported as "other income" 1 on Federal Form 1040 (attach Page 1 of Form 1040 and Form 1099) N/A N/A Net Profit/Loss per Federal Schedule C of Form 1040 (attach Schedule C, Pages 1 & 2, 2 Schedule C-EZ) N/A N/A 3 Rental Income/Loss per Federal Schedule E of form 1040 (attach Schedule E) N/A N/A 4 Net farm Profit/Loss per Federal Schedule F of form 1040 (Attach Schedule F, pages 1 & 2) N/A N/A Capital Gain from Federal Form 4797 or form 6252 reported on Schedule D of form 1040 5 (attach form 4797, Pages 1 & 2 or Form 6252) N/A N/A Ordinary Gain/Loss on the sale of property used in trade or business per Federal Form 6 4797 (Attach Form 4797, pages 1 & 2) N/A N/A Ordinary Income/Loss per Federal Form 1065 (Attach Form 1065, Pages 1,2,&3, 7 Schedule of other Deductions and Rental Schedule(s), if applicable) N/A N/A Taxable Income/Loss per Federal Form 1120 or 1120A or Ordinary Income/Loss per Federal Form 1120S (Attach Form 1120 or 1120A, Pages 1 & 2, Schedule of other 8 Deductions, and Rental Schedule(s), if applicable) N/A N/A Ordinary Income/Loss per Federal Form 1120S (Attach Form 1120S, Pages 1,2 & 3, 9 Schedule of other Deductions, and Rental Schedule(s), if applicable) N/A N/A State Income Taxes and Occupational taxes deducted on Federal Schedule C,E,F, or 10 Form 1065, 1120, 1120A, or 1120S Additions from Schedule K of Form 1065 or Form 1120S (Attach Schedule K of Form 11 1065 or 1120S and rental schedule(s), if applicable). N/A 12 Net Operating Loss deducted on Form 1120 N/A N/A 13 Total Income - Add Line 1 through Line 12 Subtractions from Schedule K of Form 1065 or Form 1120S (Attach Schedule K of Form 14 1065 or 1120S and rental schedule(s), if applicable). N/A 15 KY Alcoholic Beverages (Attach Computation Sheet) 16 Other Adjustment (Attach Schedule) 17 Professional Expense not reimbursed by the Partnership (Attach schedule of Expenses) N/A N/A 18 Total Deductible Items - Add Lines 14 through 17 19 Adjusted Net Business Income - Subtract Line 18 from Line 13 COMPUTATION OF APPORTIONMENT PERCENTAGES All licensees who conduct a business activity in Boone County, KY must complete Column A Column B Column C this part, regardless of profit or loss. Boone County Factor Total Operations Everywhere Boone County % ( A/B=C) 20(a) 20(b) 20(c) 20 Gross Receipts from sales made and/or services rendered Gross Compensation including wages, salaries and other compensation (see 21(a) 21(b) 21(c) 21 instructions before completing) 22(c) 22Total Apportionment Factor(add Column C, lines 2 0& 21) Apportionment Factor(Column C line 2 2divided by the number of percents used). If 23(c) both lines 20(b)& 21(b) are greater than zero, divide the entry on Line 2(c)by 2 and 23 enter here. If either Line 20(b) or 2 (b)1 is zero, enter the amount from Line 2 here.2 24(c) 24 Taxable Boone County Net Profit - Multiply Line 19 by 23(c) and enter here Boone County BOE Boone CountyOrdinance #07-27 Boone County Mental Health see page 1 for maximum see page 1 for maximum see page 1 for maximum 25(a) 25(b) 25(c) 25 Allocated Profit Enter Line 2 4- transfer to page 1 where appropriate (Transfer to Line 1 page 1) (Transfer to Line 6 page1) (Transfer to Line 11 page 1) Form 0706-1 - Page 1 of 2 Form 0806-1 - Page 2 of 2 |