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

Does Fayette County KY have an income tax?

Kentucky does not levy a franchise tax. Kentucky has a flat income tax rate of 5% on net income. Fayette County levies a local occupational license tax at the rate of 2.25% on salaries/wages and business net profits.

What is the school district tax in Fayette County KY?

Each employer must withhold the 0.5% license tax for schools from gross wages, salaries and commissions paid to employees who are Fayette County residents for services performed within Fayette County.

Does Lexington KY have a local income tax?

Kentucky has a flat income tax rate of 5% on net income. Fayette County levies a local occupational license tax at the rate of 2.25% on salaries/wages and business net profits.

What is the state income tax in Lexington KY?

Kentucky has a flat 4.50 percent individual income tax rate. There are also jurisdictions that collect local income taxes. Kentucky has a 5.00 percent corporate income tax rate. Kentucky has a 6.00 percent state sales tax rate and does not levy any local sales taxes.

Does Lexington KY have an income tax?

Kentucky's individual income tax law is based on the Internal Revenue Code in effect as of December 31, 2021​​​​​. The tax rate is five (5) percent and allows itemized deductions and certain income reducing deductions as defined in KRS 141.019​.

What is the tax rate for Fayette County KY?

The minimum combined 2023 sales tax rate for Fayette County, Kentucky is 6%. This is the total of state and county sales tax rates. The Kentucky state sales tax rate is currently 6%.

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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.