KY DoR 740NP-WH-ES 2016 free printable template

740NP-WH-ES Page 1 40A201ES 10-15 Commonwealth of Kentucky DEPARTMENT OF REVENUE INSTRUCTIONS 2016 PASS-THROUGH ENTITY NONRESIDENT DISTRIBUTIVE SHARE WITHHOLDING REPORT AND COMPOSITE INCOME TAX RETURN VOUCHER Who Must File Effective for taxable years beginning after December 31 2011 every pass-through entity required to withhold Kentucky income tax as provided by KRS 141. 206 5 or that files a composite income tax return as provided by KRS 141. 206 16 a shall make a declaration and payments...

How to fill out KY DoR 740NP-WH-ES

How to fill out KY DoR 740NP-WH-ES

1. Begin by gathering your personal information, including your name, address, and Social Security number.
2. Obtain the KY DoR 740NP-WH-ES form from the Kentucky Department of Revenue website or your local office.
3. Fill in the top section of the form with your personal details.
4. Indicate the type of income earned in Kentucky by checking the appropriate boxes.
5. Calculate your income tax withheld using the provided guidelines.
6. Report any other income as instructed on the form.
7. Sign and date the form at the bottom.
8. Submit the completed form to the Kentucky Department of Revenue either online or by mail.

Who needs KY DoR 740NP-WH-ES?

1. Individuals who have non-resident income from Kentucky sources need to file the KY DoR 740NP-WH-ES form.
2. This form is essential for those who work in Kentucky but reside in another state and have taxes withheld from their paychecks.

Instructions and Help about KY DoR 740NP-WH-ES

People Also Ask about

What does I want to claim exemption from Kentucky withholding mean?

You may be exempt from withholding for 2021 if both the following apply: • For 2020, you had a right to a refund of all Kentucky income tax withheld because you had no Kentucky income tax. liability, and. • For 2021, you expect a refund of all your Kentucky income tax withheld.

Do I have to file a Kentucky nonresident tax return?

​​Individual Income Tax is due on all income earned by Kentucky residents and all income earned by nonresidents from Kentucky sources.

How much Ky state tax should be withheld?

Compute tax on wages using the 5% Kentucky flat tax rate to determine gross annual Kentucky tax. Divide the gross annual Kentucky tax by the number of annual pay periods to determine the Kentucky withholding tax for the pay period.

Who must file KY state tax return?

Kentucky does not require you to use the same filing status as your federal return. Generally, all income of Kentucky residents, regardless of where it was earned, is subject to Kentucky income tax.

Does Kentucky require you to file a tax return?

Do I need to file a Kentucky tax return? A. No, you do not have a filing requirement with Kentucky because your modified gross income is not greater than $13,590; however, you will need to file a return to claim a refund of any Kentucky income tax withheld.

What is the non resident withholding tax in Kentucky?

Withholding must be at the maximum rate of five percent (5%) provided in KRS 141.020 or 141.040. A pass-through entity must complete this form and mail with payment to the Kentucky Department of Revenue by the 15th day of the fourth month following the close of the taxable year.

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What is KY DoR 740NP-WH-ES?

KY DoR 740NP-WH-ES is a form used for nonresident withholding in Kentucky, specifically for the purpose of reporting tax withheld on income paid to nonresidents.

Who is required to file KY DoR 740NP-WH-ES?

Entities or individuals that make payments to nonresidents for services performed in Kentucky or for income earned in Kentucky are required to file KY DoR 740NP-WH-ES.

How to fill out KY DoR 740NP-WH-ES?

To fill out KY DoR 740NP-WH-ES, gather the necessary information such as the payer's details, the nonresident's information, and the amount withheld, and provide this information on the form as instructed.

What is the purpose of KY DoR 740NP-WH-ES?

The purpose of KY DoR 740NP-WH-ES is to report and remit tax withheld from payments made to nonresidents for services or income sourced in Kentucky.

What information must be reported on KY DoR 740NP-WH-ES?

Information required on KY DoR 740NP-WH-ES includes the payer's name and identification number, the nonresident's name and identification number, the total amount paid, the total withholding amount, and any relevant signatures.