Extract Data From Legal Kentucky Franchise Forms For Free

A single member LLC is required by law to file a Kentucky Single Member LLC Individually Owned Income and LLET Return (Form 725) or; if eligible, a Kentucky Single Member LLC Individually Owned LLET Return (Form 725-EZ). Forms and instructions are available at all Kentucky Taxpayer Service Centers (see page 17).

The Kentucky Limited Liability Entity Tax (KY LLET) serves the same purpose. The tax is calculated using the lesser of $0.095/$100 of Kentucky gross receipts or $0.75/$100 of Kentucky gross profits. Regardless of which calculation method is used, business owners are required to pay a minimum Kentucky LLET of $175.

An authorized representative of the entity and the electronic return originator (ERO) shall use Form 8879(C)-K as a declaration document and signature authorization for an electronic filing (e-file) of a Kentucky Form 720, 720S, 725, 765 or 765-GP filed by an ERO.

Form 725 is a tax document for single member LLCs in Kentucky that are owned by individuals, estates, trusts, or general partnerships. It helps to report the income and expenses of the LLC and calculate the tax liability. Download the form and the instructions for the 2022 tax year from this webpage.

Form 720EXT grants an automatic 6-month extension of time to file Form 720. Kentucky State General Business S Corporation tax extension Form 720EXT is due within 4 months and 15 days following the end of the corporation reporting period.

Use this form if you are requesting a Kentucky extension of time to file. Taxpayers who request a federal extension are not required to file a separate Kentucky extension, unless an amount is due with the extension.