City Of Owensboro Tax Form – Fill Out and Use This PDF

	City of Owensboro/Daviess County Fiscal Court	Social Security # or Federal ID#
FORM NP-1	Net Profit License Fee Return
Account Number	Name and Address	Business Type
		____ Individual
		____ Corporation
		____ Partnership
		____ LLC/Individual
		____ LLC/Partnership
	Change of Address	____ Other _______________
Period Ending

____ Final return (Check only to inactivate the account-- Complete Question B)

____ No activity in jurisdictions during tax year. Account will remain open. (Check only if no activity in both jurisdictions) Zero Due

A)

Business telephone:

B)

If business activity was discontinued within both jurisdictions during the year, state when:

/

/

______ If sold, enter name and address of successor:

C)

Did you have employees working in either jurisdiction during the tax year? ____ YES ____ NO

Make check payable

FILING STATUS >>> ATTACH APPLICABLE FEDERAL FORM OR SCHEDULE(S)

and mail to:

____Worksheet I

Schedule C, Schedule E, Schedule F, 1099-Misc

Occupational Tax Administrator

____Worksheet P

Form 1065, Schedule K, rental schedule(s)

PO BOX 10008

____Worksheet C

Form 1120, 1120A, 1120S, Schedule K, rental schedule(s)

OWENSBORO, KY 42302-9008

(See pages 3 thru 5 of Instructions)

TAX COMPUTATION

City of

Daviess

PHONE: (270) 687-5600

Owensboro

County

COLUMN A

COLUMN B

1) Total Net Profit from applicable Worksheet……………………….

2) Pre Apportionment adjustments (READ INSTRUCTIONS)……..

3) Adjusted Net Profit (line 1 plus line 2)………………………………

4) Business Apportionment (Complete Worsheet Y if applicable)……………

%

%

5) Taxable Net Profit (line 3 multiplied by line 4)………………………

6) Occupational license fee Rate

(If for period before 12/31/07 see Instructions to

1.33%

0.35%

Determine Daviess County Rate for Column B)

7) Total license fee Due (line 5 x line 6)………………………………

8) Minimum License Fee (see instructions)………………………….

$47

$0

9) Enter the Larger amount from Line 7 or Line 8 ……

10) Payments/Credits and first year registration fee………

11) If Line 10 is larger than Line 9, Difference is Refund Credit……

12) If Line 9 is larger than Line 10, Difference is License Fee Due

13) Penalty (5% per calendar month or portion thereof

not to exceed 25%) Minimum $25…………

14) Interest (1% per calendar month or fraction thereof)…

15) Total Amount Due (add lines 12, 13 and 14)…………

16) Payment Amount (Add line 15 Column A to line 15 Column B)……………

RETURN MUST BE SIGNED - I hereby certify, under penalty of perjury, that the statements made herein and any

supporting schedules are true, correct, and complete to the best of my knowledge.

Preparer's Signature

Phone

Taxpayer's signature

Date

1

City of Owensboro

Daviess County Fiscal Court

WORKSHEET Y

BUSINESS APPORTIONMENT

PART I - CITY OF OWENSBORO (See Page 6 of Instructions)

			DIVIDE↓
APPORTIONMENT FACTORS	COLUMN A	COLUMN B	COLUMN C
	CITY OF OWENSBORO	TOTAL EVERYWHERE	A ÷ B = C

HOW TO CALCULATE LINE 4; BUSINESS APPORTIONMENT:

If you had both a payroll factor and a sales revenue factor, then divide line 3 by two (2).

If you had a payroll factor or sales revenue factor, but not both, then enter the percentage from line 3.

PART II - DAVIESS COUNTY (See Page 7 of Instructions)

			DIVIDE↓
APPORTIONMENT FACTORS	COLUMN A	COLUMN B	COLUMN C
	DAVIESS COUNTY	TOTAL EVERYWHERE	A ÷ B = C

HOW TO CALCULATE LINE 4; BUSINESS APPORTIONMENT:

If you had both a payroll factor and a sales revenue factor, then divide line 3 by two (2).

If you had a payroll factor or sales revenue factor, but not both, then enter the percentage from line 3.

2

City of Owensboro

Daviess County Fiscal Court

WORKSHEET I (See Page 8 of Instructions)

COMPUTATION OF TOTAL NET PROFIT

FOR BUSINESS ENTITIES REQUIRED TO FILE INDIVIDUAL U.S. INCOME TAX RETURN

1)Non-employee compensation reported on Form 1099-Misc as

"Other Income" on Federal Form 1040 (Attach Page 1 of Form 1040 and Form 1099)

2)Net profit or (loss) per Federal Schedule C, or C-EZ of Form 1040 (Attach Schedule C Pages 1 and 2)

3)Gain or (loss) on sales of business property used in a trade or business from Federal Form 4797 or Form 6252 reported on Schedule D of Form 1040 (Attach Form 4797 Pages 1 and 2 and/or Form 6252)

4)Rental income or (loss) per Federal Schedule E of Form 1040. Include all Rental Income.(See instructions for details)(Attach Schedule E)

5)Net farm profit or (loss) per Federal Schedule F, or Form 4835, of Form 1040 (Attach Schedule F Pages 1 and 2 or Form 4835 if applicable)

6)State income taxes and occupational license fees (taxes) based upon income deducted on the Federal Schedule C,C-EZ, E, F, Form 4835 (Attach schedule)

7)Other Items not Deductible(Attach full explanation and applicable schedule(s))

8)Total Income (Add lines 1 through 7)

9)Alcoholic Beverage Sales Deduction (Worksheet X, Line 3)

10)Local/other adjustments (Attach full explanation and applicable schedule(s))

11)Total adjustments (Add lines 9 and 10)

12)Total Net Profit (Subtract line 11 from line 8) Enter here and on line 1 Column A and Column B of FORM NP-1. Note: If gross receipts/sales revenue in the

City of Owensboro is less than $3,500 do not enter this amount in Column A; instead complete Worksheet E.

WORKSHEET X: ALCOHOLIC BEVERAGE SALES DEDUCTION

2)Enter "Total Income" from line 8 of Worksheet I

3)Alcoholic Beverage Sales Deduction (multiply line 1 by line 2) Enter here and on line 9 above

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City of Owensboro

Daviess County Fiscal Court

WORKSHEET C (See Page 9 of Instructions)

COMPUTATION OF TOTAL NET PROFIT

FOR BUSINESS ENTITIES REQUIRED TO FILE U.S. CORPORATE INCOME TAX RETURN

1)Taxable income or (loss) per Federal Form 1120 or 1120A or Ordinary income or (loss) per Federal Form 1120S (Attach the applicable 1120 or 1120A, Pages 1 and 2 or 1120S Pages 1, 2 and 3, Schedule of Other Deductions and rental schedule(s), if applicable)

2)State income taxes and occupational fees (taxes) based on income deducted on the Federal Form 1120, 1120A or 1120S (Attach schedule)

3)Net operating loss deducted on Form 1120 (add as positive number)

4)Additions from Schedule K of Form 1120S (See instructions) (Attach Schedule K of Form 1120S and rental schedule(s), if applicable)

5)Other Items Not Deductible(Attach full explanation and applicable schedule(s))

6)Total Income (Add lines 1 through 5)

7)Subtractions from Schedule K of Form 1120S (See instructions) (Attach Schedule K of Form 1120S and rental schedule(s), if applicable)

8)Alcoholic Beverage Sales Deduction (Worksheet X, Line 3)

9)Local/other adjustments (Attach full explanation and applicable schedule(s))

10)Total adjustments (Add lines 7 through 9)

11)Total Net Profit (Subtract line 10 from line 6) Enter here and on line 1 Column A and Column B of Form NP-1. NOTE: If gross receipts/sales revenue in the

City of Owensboro is less than $3,500 do not enter this amount in Column A; instead complete Worksheet E.

WORKSHEET X: ALCOHOLIC BEVERAGE SALES DEDUCTION

2)Enter "Total Income" from line 6 of Worksheet C

3)Alcoholic Beverage Sales Deduction (multiply line 1 by line 2) Enter here and on line 8 above

4

City of Owensboro

Daviess County Fiscal Court

WORKSHEET P (See page 10 of Instructions)

COMPUTATION OF TOTAL NET PROFIT

FOR BUSINESS ENTITIES REQUIRED TO FILE U.S. RETURN OF PARTNERSHIP INCOME TAX RETURN

1)Ordinary income or (loss) per Federal Form 1065 (Attach Form 1065, Pages 1, 2 and 3, Schedule of Other Deductions, and rental schedule(s), if applicable)

2)State income taxes and occupational fees (taxes) based on income deducted on the Federal Form 1065 (Attach schedule)

3)Additions from Schedule K of Form 1065 (See instructions) (Attach Schedule K of Form 1065 and rental schedule(s), if applicable)

4)Other Items not Deductible (Attach full explanation and applicable schedule(s))

5)Total income (Add lines 1 through 4)

6)Subtractions from Schedule K of Form 1065 (See instructions) (Attach Schedule K of Form 1065 and rental schedule(s), if applicable)

7)Alcoholic Beverage Sales Deduction (Worksheet X, Line 3)

8)Local/other adjustments (Attach full explanation and applicable schedule(s))

9)Professional expenses not reimbursed by the partnership (Attach schedule of expenses)

10)Total adjustments (Add lines 6 through 9)

11)Total Net Profit (Subtract line 10 from line 5) Enter here and on line 1 Column A and Column B of FORM NP-1. NOTE: If gross receipts/ sales revenue in the

City of Owensboro are less than $3,500 do not enter this amount in Column A; instead complete Worksheet E.

WORKSHEET X: ALCOHOLIC BEVERAGE SALES DEDUCTION

2)Enter "Total Income" from line 5 of Worksheet P

3)Alcoholic Beverage Sales Deduction (multiply line 1 by line 2) Enter here and on line 7 above

5

City of Owensboro

Daviess County Fiscal Court

****IMPORTANT****

This Worksheet MUST be attached to FORM NP-1, if applicable.

WORKSHEET R (See Page 11 of Instructions)

RECONCILIATION OF PAYROLL FACTOR

FOR BUSINESS ENTITIES COMPLETING THE PAYROLL APPORTIONMENT FACTOR

	City of Owensboro		Daviess County
	City of Owensboro	Total Everywhere	Daviess County	Total Everywhere
	Payroll	Payroll	Payroll	Payroll
1) Compensation paid or payable to
employees per Worksheet Y

2)Prior year accrual adjustment

3)Other additions (attach schedule)

4)Subtotal (Add lines 1 through 3)

5)Current year accrual adjustment

6)Other subtractions

(attach schedule)

7) Compensation paid or payable to employees (line 4 minus lines 5 and 6)

6

City of Owensboro

WORKSHEET E (See Page 11 of Instructions)

7