KY Form 228-S - Fayette County 2019 free printable template

BOARD OF EDUCATION OF FAYETTE Countries Profits Occupational License Tax Returner 228S2019This form must be filed and PAID IN FULL on or before April 15, 2020, or by the 15th day of the 4th month

How to fill out KY Form 228-S - Fayette County

How to fill out KY Form 228-S - Fayette County

1. Obtain a copy of KY Form 228-S from the Kentucky Department of Revenue website or local office.
2. Fill out the taxpayer's information including name, address, and Social Security number or federal ID number.
3. Indicate the type of return being filed by checking the appropriate box.
4. Complete the income section accurately by providing details of all income sources.
5. Fill out any deductions and credits applicable to your situation.
6. Calculate the total tax liability after taking into account all deductions and credits.
7. Sign and date the form at the designated area.
8. Submit the completed form to the Fayette County Revenue Department by the required deadline.

Who needs KY Form 228-S - Fayette County?

1. Individuals or businesses that operate in Fayette County and are required to report their income for tax purposes.
2. Those who have earned income subject to Fayette County taxation.
3. Taxpayers who need to claim eligibility for local tax credits or deductions.

People Also Ask about

What is the net profit license fee return in Mayfield Kentucky?

The City of Mayfield Net Profit License Fee is levied at the annual rate of 2% the first $50,000.00, plus 1% of $50,000 thru $500,000 and ½ % over $500,000 with a minimum of $100.00 of the net profits of all occupations, trades, professions or other businesses engaged in said activities in the City.

What is the net profit license fee in Kentucky?

The rate is equal to the greater of 1.95% of the net profit or $60. Any individual or fiduciary, which receives income from real estate rentals with excess of $100,00.00 in annual gross receipts is presumed to be in the rental business, and is subject to the greater of 1.95% of the net profit or $60.

What is the city of Midway KY net profits license fee return?

The Midway Net Profits License Fee is levied at the annual rat of 2% effective April 1, 1977 of the net profits of all occupations, trades, professions or other businesses engaged in said activities in the City of Midway.

What is the occupational license tax in Kentucky?

City Payroll For tax periods prior to January 1, 2023, the tax is 1.49% of the gross compensation paid. Beginning January 1, 2023, the tax is 1.65% of the gross compensation paid. Forms and instructions are available at the Occupational Tax Office or may be downloaded below.

What is the occupational license tax in Fayette County Kentucky?

Fayette County levies a local occupational license tax at the rate of 2.25% on salaries/wages and business net profits.

What is the net profits license fee return in franklin county ky?

Due Date-The Net Profit License Fee Return is due 105 days after the end of your tax year. For example, if you operate on a calendar year, the return is due by April 15 of each year. Federal Return-A copy of the federal return for your business must accompany your county Net Profit Return.

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What is KY Form 228-S - Fayette County?

KY Form 228-S is a tax form specifically for reporting certain business activities and financial information for businesses operating in Fayette County, Kentucky.

Who is required to file KY Form 228-S - Fayette County?

Businesses operating in Fayette County that meet certain criteria, such as having gross receipts above a designated threshold, are required to file KY Form 228-S.

How to fill out KY Form 228-S - Fayette County?

To fill out KY Form 228-S, you need to provide information about your business, including gross receipts, deductions, and any applicable taxes owed. Follow the instructions provided with the form carefully for accurate completion.

What is the purpose of KY Form 228-S - Fayette County?

The purpose of KY Form 228-S is to ensure that businesses in Fayette County report their financial activities accurately for tax assessment and compliance.

What information must be reported on KY Form 228-S - Fayette County?

Information that must be reported on KY Form 228-S includes total gross receipts, deductions, business identification details, and any taxes owed for the reporting period.