Form 765 Gp PDF Details

Form 765 Gp is an important form that businesses must file in order to report their gross receipts. This form is due on the 20th day of the 5th month following the end of your business's tax year. There are a few things you need to know about Form 765 Gp before you submit it, so continue reading for more information. The first thing to keep in mind when completing Form 765 Gp is that it covers your entire taxable year, which runs from January 1st through December 31st. In addition, you'll need to report all of your gross receipts on this form - even those that are not related to your Maryland business activity. Be sure to include any sales or service taxes collected along with your receipts, and make sure that all amounts are shown in US dollars. Finally, please remember that this form must be filed electronically - there is no paper version available. If you have any questions about filing Form 765 Gp, please don't hesitate to contact us for assistance. We're here to help you e

QuestionAnswer
Form NameForm 765 Gp
Form Length4 pages
Fillable?No
Fillable fields0
Avg. time to fill out1 min
Other nameskentucky revenue cabinet form 765gp pdf, gp ky, kentucky 765 gp, kentucky revenue cabinet form 765gp

Form Preview Example

765-GP

Commonwealth of Kentucky

Department of Revenue

*1900030034*

PARTNERSHIP INCOME RETURN

 

KENTUCKY GENERAL

2019

See instructions.

Taxable period beginning _______________ , 20 ____ , and ending _______________ , 20 ____ .

Federal Identification

__ __ – __ __ __ __ __ __ __

Number

A Name of General Partnership

 

Change of Name

 

 

 

 

Number and Street

 

 

 

 

 

 

 

City

State

ZIP Code

Telephone Number

 

 

 

 

Taxable Year Ending

/

M M Y Y

Date Business Commenced or Qualified

Principal Business Activity in KY

NAICS Code Number in KY

(See www.census.gov)

 

B Number of Partners

C Check if applicable:

 

 

 

D Provider 3-Factor

 

(Attach K-1s)

Initial return

Final return (Complete Part II)

Apportionment Code

 

 

 

Publicly traded partnership

Short-period return (Complete Part II)

 

 

 

 

 

 

 

 

Qualified investment partnership

Amended return (Complete Part III)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PART I - ORDINARY INCOME (LOSS) COMPUTATION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

Federal ordinary income (loss) (Form 1065, line 22)

1

 

 

 

 

 

00

ADDITIONS:

 

 

 

 

 

 

 

 

 

 

2

State taxes based on net/gross income

2

 

 

 

 

 

00

3

.......................................Federal depreciation (do not include IRC §179 expense deduction)

3

 

 

 

 

 

00

4

Related party expenses (attach Schedule RPC)

4

 

 

 

 

 

00

5

Other (attach Schedule O-PTE)

5

 

 

 

 

 

00

6

Total (add lines 1 through 5)

6

 

 

 

 

 

00

SUBTRACTIONS:

 

 

 

 

 

 

 

 

 

 

7

Federal work opportunity credit

7

 

 

 

 

 

00

8

....................................Kentucky depreciation (do not include IRC §179 expense deduction)

8

 

 

 

 

 

00

9

Other (attach Schedule O-PTE)

9

 

 

 

 

 

00

10

Total (add lines 7, 8, and 9)

10

 

 

 

 

 

00

11

Ordinary income (loss) (line 6 less line 10)

11

 

 

 

 

 

00

 

 

 

 

 

 

 

 

 

 

 

 

 

No Money Due $

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

Sign

Signature of Officer

Date

 

 

Here

Name of Officer

Title

 

 

 

 

 

Signature of Preparer

Date

Paid

 

 

Name of Preparer or Firm

ID Number

Preparer

 

 

Use

 

 

Email and/or Telephone No.

May the DOR discuss this return with this preparer?

 

 

 

¨ Yes ¨ No

Enclose

Include federal Form 1065 with all supporting schedules and statements.

Mail To

Kentucky Department of Revenue

Frankfort, KY 40620

42A765-GP (10-19)

Page 1 of 4

FORM 765-GP (2019)

*1900030336*

Page 2 of 4

PART II—EXPLANATION OF FINAL RETURN AND/OR SHORT–PERIOD RETURN

¨ Ceased operations in Kentucky

¨ Change in filing status

 

¨

Change of ownership

¨

Merger

 

 

¨

Successor to previous business

¨

Other

_________________________________________________

 

 

 

 

 

 

 

PART III—EXPLANATION OF AMENDED RETURN CHANGES

SCHEDULE Q—KENTUCKY GENERAL PARTNERSHIP QUESTIONNAIRE

IMPORTANT: Questions 3—10 must be completed by all general partnerships. If this is the general partnership’s initial return or if the general partnership did not file a return under the same name and same federal I.D. number for the preceding year, questions 1 and 2 must be answered. Failure to do so may result

in a request for a delinquent return.

1Indicate whether: (a) new business; (b) successor to previously existing business which was organized as: (1) corporation; (2) partner ship; (3) sole proprietorship; or (4) other _____________________________

_________________________________________________________

If successor to previously existing business, give name, address, and federal I.D. number of the previous business organization. ____________________________________________

_________________________________________________________

_________________________________________________________

2If a foreign general partnership, enter the date qualified to do business in Kentucky. __ __ / __ __ / __ __

3List the following Kentucky account numbers. Enter N/A for any number not applicable.

Nonresident Income Tax Withholding ______________________

Employer Withholding ____________________________________

Sales and Use Tax Permit _________________________________

Consumer Use Tax _______________________________________

Unemployment Insurance ________________________________

Coal Severance and/or Processing Tax _____________________

4The general partnership’s books are in care of: (name and address)

______________________________________________________

______________________________________________________

______________________________________________________

5Are disregarded entities included in this return?

Yes No. If yes, list name, address, and federal I.D. number of each entity. _________________________________

______________________________________________________

______________________________________________________

______________________________________________________

______________________________________________________

6(a)

For the taxable period being reported, was the general

 

partnership a partner in a pass-through entity doing

 

business in Kentucky? Yes No

 

If yes, list name and federal I.D. number of the pass-through

 

entity(ies). ____________________________________________

 

______________________________________________________

 

______________________________________________________

 

______________________________________________________

 

______________________________________________________

6(b)

For the taxable period being reported, was the general

 

partnership doing business in Kentucky other than through

its interest held in a pass-through entity doing business in Kentucky? Yes No

7A r e r e l a t e d p a rt y c o s t s p e r K R S 14 1. 2 0 5 ( 1 ) ( l )

included in this return? Yes No. If yes, attach Schedule RPC, Related Party Costs Disclosure Statement, and enter any related party cost additions on Form 765-GP, Part I, Line 4.

8Was this return prepared on: (a) cash basis, (b) accrual basis, (c) other ______________________________________

9Did the general partnership file a Kentucky tangible personal

property tax return for January 1, 2020? Yes No

If yes, list name and federal I.D. number of entity(ies) filing return(s):______________________________________________

______________________________________________________

______________________________________________________

______________________________________________________

10 Is the general partnership currently under audit by the Internal Revenue Service? Yes No

If yes, enter years under audit ___________________________

_________________________________________________________

If the Internal Revenue Ser vic e has made f inal and unappealable adjustments to the general partnership’s taxable income which have not been repor ted to the depar tment, check here and file an amended Form 765-GP for each year adjusted. Attach a copy of the final determination to each amended return.

42A765-GP (10-19)

FORM 765-GP (2019)

*1900030035*

Page 3 of 4

SCHEDULE K—PARTNERS’ SHARES OF INCOME, CREDITS, DEDUCTIONS, ETC.

SECTION A

Distributive Share Items

 

 

 

Total Amount

 

 

 

 

 

 

 

 

 

Income (Loss) and Deductions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

Kentucky ordinary income (loss) from trade or business activities

 

 

 

 

 

 

 

(page 1, line 11)

 

 

 

1

 

 

00

2

Net income (loss) from rental real estate activities (attach federal Form 8825)

2

 

 

00

3

(a)

Gross income from other rental activities

 

3(a)

 

00

 

 

 

 

(b)

Less expenses from other rental activities

 

 

 

 

 

 

 

 

 

(attach schedule)

 

(b)

 

00

 

 

 

 

 

 

 

 

 

 

00

 

(c)

Net income (loss) from other rental activities (line 3(a) less line 3(b))

3(c)

 

4

Portfolio income (loss):

 

 

 

 

 

 

 

 

 

(a)

Interest income

 

 

 

4(a)

 

00

 

(b)

Dividend income

 

 

 

(b)

 

00

 

(c)

Royalty income

 

 

 

(c)

 

00

 

(d)

Net short-term capital gain (loss) (attach federal Schedule D and Kentucky

 

 

 

 

 

 

Schedule D, if applicable)

 

 

 

(d)

 

00

 

(e)

Net long-term capital gain (loss) (attach federal Schedule D and Kentucky

 

 

 

 

 

 

Schedule D, if applicable)

 

 

 

(e)

 

00

 

(f)

Other portfolio income (loss) (attach schedule)

 

(f)

 

00

5

Guaranteed payments to partners

 

5

 

00

6

IRC §1231 net gain (loss) (other than due to casualty or theft)(attach federal

 

 

 

 

 

Form 4797 and Kentucky Form 4797)

 

6

 

00

7

Other income (loss) (attach schedule)

 

7

 

00

8

Charitable contributions (attach schedule)

 

8

 

00

9

IRC §179 expense deduction (attach federal Form 4562 and Kentucky

 

 

 

 

 

Form 4562)

 

 

 

9

 

00

10

Deductions related to portfolio income (loss) (attach schedule)

 

10

 

00

11

Other deductions (attach schedule)

 

11

 

00

Investment Interest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12

(a)

Interest expense on investment debts

 

12(a)

 

00

 

(b)

(1) Investment income included on lines 4(a), 4(b), 4(c), and 4(f) above

(b)(1)

 

00

 

(b)

(2) Investment expenses included on line 10 above

 

(b)(2)

 

00

Tax Credits—Nonrefundable (see instructions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13

Enter the applicable tax credit

 

 

 

 

 

 

 

 

 

 

_______________________________________

 

 

 

 

 

 

 

(a)

 

13(a)

 

00

 

(b)

......................................................_______________________________________

 

(b)

 

00

 

(c)

......................................................_______________________________________

 

(c)

 

00

 

(d)

......................................................_______________________________________

 

(d)

 

00

 

(e)

......................................................_______________________________________

 

(e)

 

00

42A765-GP (10-19)

FORM 765-GP (2019)

*1900030042*

Page 4 of 4

SCHEDULE K—PARTNERS’ SHARES OF INCOME, CREDITS, DEDUCTIONS, ETC.

SECTION A—continued

Distributive Share Items

 

Total Amount

 

 

 

 

 

 

 

 

Tax Credits—Refundable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

14

Certified Rehabilitation Tax Credit (attach Kentucky Heritage Council certification(s))..

14

 

00

 

 

 

 

 

 

15

............................Film Industry Tax Credit (attach Kentucky Film Office certification(s))

15

 

00

 

 

 

 

 

 

 

 

Other Items

 

 

 

 

 

 

 

16

(a) Type of IRC §59(e)(2) expenditures

 

 

16(a)

 

 

 

(b) Amount of IRC §59(e)(2) expenditures

.......................................................................

 

(b)

 

00

 

 

 

 

 

 

 

 

 

17

Tax-exempt interest income

..............................................................................................

 

 

17

 

00

18

Other tax-exempt income

 

 

 

18

 

00

19

Nondeductible expenses

 

 

 

19

 

00

20

Total property distributions (including cash)

20

 

00

21

Other items and amounts required to be reported separately to partners

 

 

 

 

(attach schedule)

 

 

 

21

 

 

 

 

 

 

 

 

 

 

 

SECTION B—LLET Pass-through Items (Required)

Corporations and Pass-Through Entities must include the proportionate share of the receipts of the limited liability pass-through entity or general partnership in computing its own apportionment factor.

1Kentucky gross receipts.....................................................................................................

2 Total gross receipts ............................................................................................................

3 Kentucky gross profits .......................................................................................................

4 Total gross profits...............................................................................................................

5 Limited liability entity tax (LLET) nonrefundable credit..................................................

1

2

3

4

5

00

00

00

00

00

SECTION C—Apportionment Pass-through Items

1

Kentucky receipts from Schedule A, Part I, line 1

1

2

Total receipts from Schedule A, Part I, line 2

2

SECTION D—Apportionment for Providers (KRS 141.121(1)(e))

 

1

Kentucky property from Schedule A, Part I, line 5

1

2

Total property from Schedule A, Part I, line 6

2

3

Kentucky payroll from Schedule A, Part I, line 8

3

4

Total payroll from Schedule A, Part I, line 9

4

00

00

00

00

00

00

42A765-GP (10-19)

How to Edit Form 765 Gp Online for Free

Through the online PDF editor by FormsPal, you may complete or alter kentucky revenue tax forms 765 gp here and now. Our team is aimed at providing you with the perfect experience with our editor by continuously adding new capabilities and improvements. Our editor is now even more useful thanks to the newest updates! Now, filling out PDF forms is easier and faster than ever. This is what you would need to do to get going:

Step 1: Click on the "Get Form" button in the top section of this page to open our editor.

Step 2: After you open the tool, you'll see the document made ready to be completed. Besides filling out different blanks, you can also do other sorts of actions with the PDF, that is putting on custom words, changing the original text, inserting graphics, putting your signature on the document, and much more.

It really is easy to complete the form adhering to this practical tutorial! Here's what you have to do:

1. For starters, when filling in the kentucky revenue tax forms 765 gp, start with the area that includes the following blanks:

Simple tips to prepare 765 gp stage 1

2. The next stage is to fill in these particular blank fields: Total add lines through, SUBTRACTIONS, Federal work opportunity credit, Kentucky depreciation do not, Other attach Schedule OPTE, Total add lines and, Ordinary income loss line less, No Money Due, Under penalties of perjury I, Sign Here, Paid Preparer Use, Signature of Officer, Name of Officer, Signature of Preparer, and Name of Preparer or Firm.

Filling out segment 2 of 765 gp

3. This 3rd part is considered rather straightforward, Paid Preparer Use, Email andor Telephone No, May the DOR discuss this return, Yes No, Enclose, Include federal Form with all, Mail To, Kentucky Department of Revenue, AGP, and Page of - all these form fields must be filled out here.

Ways to fill out 765 gp stage 3

4. Completing PART IIEXPLANATION OF FINAL RETURN, Ceased operations in Kentucky, Change in filing status Merger, PART IIIEXPLANATION OF AMENDED, SCHEDULE QKENTUCKY GENERAL, IMPORTANT Questions must be, Indicate whether a new business b, a For the taxable period being, If yes list name and federal ID, and b For the taxable period being is vital in this part - make sure you take the time and fill in every single blank area!

Stage # 4 of completing 765 gp

5. To finish your document, this last section requires a couple of additional blank fields. Typing in Indicate whether a new business b, If successor to previously, If a foreign general partnership, business in Kentucky, List the following Kentucky, any number not applicable, Nonresident Income Tax Withholding, The general partnerships books, b For the taxable period being, A r e r e l a t e d p a rt y c o, Was this return prepared on a, Did the general partnership file a, property tax return for January, If yes list name and federal ID, and address is going to finalize everything and you're going to be done in the blink of an eye!

765 gp conclusion process clarified (step 5)

People often make errors when filling in Indicate whether a new business b in this part. Make sure you go over what you enter here.

Step 3: Make certain your details are accurate and then just click "Done" to continue further. After creating afree trial account here, you will be able to download kentucky revenue tax forms 765 gp or send it through email directly. The form will also be easily accessible from your personal account with all your edits. Here at FormsPal, we do everything we can to be sure that all your details are kept protected.