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LEXINGTON FAYETTE URBAN COUNTY GOVERNMENT 2014 Form 228 Net Profits License Fee Return Instructions 2014 Highlights In accordance with Ordinance Section136(1), Sole proprietorship (Individuals) who
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Who needs form 228?
01
Individual taxpayers: Any individual taxpayer who needs to report specific information or fulfill obligations as prescribed by the authorities may need to fill out form 228.
02
Self-employed individuals: Self-employed individuals, such as freelancers, independent contractors, or sole proprietors, may require form 228 to report their income, expenses, or other financial details.
03
Small business owners: Small business owners who meet certain criteria set by the authorities may need to fill out form 228 for tax or compliance purposes.
04
Investment professionals: Individuals involved in investment activities, stock trading, or other financial investments may require form 228 to report their gains, losses, or other relevant information.
05
Tax consultants or professionals: Tax professionals who handle the tax filing and compliance for their clients may need to use form 228 as part of their services.
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Any individual with tax obligations: In general, any individual who has tax obligations and needs to report specific information, as required by the authorities, may need to fill out form 228.
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What is form 228?
Form 228 is a tax form used by individuals to report income from self-employment.
Who is required to file form 228?
Individuals who have self-employment income are required to file form 228.
How to fill out form 228?
Form 228 can be filled out manually or electronically by providing the necessary information about self-employment income.
What is the purpose of form 228?
The purpose of form 228 is to report self-employment income and calculate the tax liability associated with it.
What information must be reported on form 228?
On form 228, individuals must report details of their self-employment income, expenses, deductions, and calculate their taxable income.
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