K 120S Form PDF Details

The K-120S form is a crucial document for partnerships and S corporations operating within Kansas, serving as a primary tool for reporting their income. As outlined in the comprehensive details of the form, it covers a tax period that begins and ends on specified dates, necessitating accurate financial information from the businesses involved. The form collects a wide array of data, including the business activity code according to the North American Industry Classification System (NAICS), the employer's identification number (EIN), and specifics about the business's operations within the state — like the date business commenced or ceased in Kansas. Additionally, it delves into the method used to determine the income of the corporation in Kansas, signaling the importance of knowing the operational scope and geographic footprint of the business's activities. Other essential elements include information about tax credits, qualifications for certain apportionments, and the need to attach a variety of schedules and documents for a comprehensive submission. With checkboxes for amended returns and instructions for enclosing tax credit schedules, the form is designed to capture detailed financial and operational data, emphasizing the necessity for meticulous record-keeping and financial accuracy. Such detailed reporting ensures fair taxation and compliance with state regulations, highlighting its significance in the broader context of state corporate income tax obligations.

QuestionAnswer
Form NameK 120S Form
Form Length16 pages
Fillable?No
Fillable fields0
Avg. time to fill out4 min
Other namesunitary, 2011, EIN, subtractions

Form Preview Example

K-120S

 

 

 

 

 

2011

 

 

 

 

 

 

 

 

 

 

 

155011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Rev. 7/11)

KANSAS PARTNERSHIP OR S CORPORATION INCOME

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DO NOT STAPLE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the taxable year beginning

____ ___ /___ ___ / 2 0___ ___ ___

1 ___

1 ; ending ____ ___ /___ ___ /___ ___ ___ ___

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Name

 

 

 

 

 

 

 

 

 

 

C. Business Activity Code (NAICS)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

___ ___ ___ ___ ___ ___

 

 

 

 

 

Employer's Identification Number (EIN)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number and Street of Principal Office

 

 

 

 

 

 

 

 

 

D. Date Business Began in KS (mm/dd/yyyy)

 

___ ___ ___ ___ ___ ___ ___ ___ ___

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

___ ___ / ___ ___ / ___ ___ ___ ___

 

 

 

 

 

 

 

 

 

 

 

 

 

INFORMATION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City

 

State

Zip Code

 

 

 

 

E. Date Business Discontinued in KS (mm/dd/yyyy)

 

J. Enter the original federal due date if

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

___ ___ / ___ ___ / ___ ___ ___ ___

 

 

 

other than the 15th day of the 3rd month

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

after the end of the tax year.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A. This return is being filed for (check one):

 

 

 

 

 

 

F. State and Month/Year of Incorporation (mm/yyyy)

 

 

 

 

 

 

 

 

 

 

 

 

 

1.

PARTNERSHIP

 

 

2. S CORPORATION

 

 

 

 

 

___ ___

___ ___ / ___ ___ ___ ___

 

__ __ /__ __ /__ __ __ __

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

B. Method Used to Determine Income of Corporation in Kansas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

K. Mark this box if any taxpayer

 

 

 

 

TAXPAYER

 

 

 

 

 

 

G. State of Commercial Domicile ___ ___

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

information has changed since

 

 

 

 

 

 

1.

Activity wholly within Kansas or single entity apportionment method

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

the last return was filed.

 

 

 

 

 

 

 

 

2. Combined income method (Enclose Schedule K-121S)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

H. Enter number of shareholders/partners

 

L. Mark this box if a K-40C (Composite

 

 

 

 

 

 

3.

Common carrier mileage (Enclose mileage apportionment schedule)

 

 

 

 

 

included in Part II.

 

 

 

 

 

 

 

 

 

 

Sch.) is being filed to report income.

 

 

 

 

 

 

4. Alternative or separate accounting (See instructions under "Definitions"

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AND enclose letter of authorization & schedule)

 

 

 

 

 

 

I. Mark this box if any tax credit schedules

 

 

 

M. Mark this box if you submitted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5.

Qualified elective two-factor

Year qualified: __ __ __ __

 

 

 

 

 

are enclosed with this return

 

 

 

a Kansas Form K-120EL is filed.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

IF THIS IS AN AMENDED RETURN, MARK THIS BOX

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.

Ordinary income from federal Schedule K

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1

 

 

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2a. Total of all other income from federal Schedule K (see instructions) . .

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2a

 

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2b. Total of allowable deductions from federal Schedule K (see instructions) . . .

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2b

 

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3.

Total federal income (add line 1 to line 2a and subtract line 2b)

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3

 

 

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4.

Total state and municipal interest (schedule required)

 

 

 

 

 

 

 

 

 

 

 

 

4

 

 

 

 

 

 

 

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5.

Taxes on or measured by income or fees or payments in lieu of income taxes (schedule required)

 

 

5

 

 

 

 

 

 

 

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6.

Other additions to federal income (schedule required)

 

 

 

 

 

 

 

 

 

 

 

 

6

 

 

 

 

 

 

 

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7.

Total additions to federal income (add lines 4, 5 & 6)

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7

 

 

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8.

Interest on U.S. government obligations (schedule required)

 

 

 

 

 

 

 

 

 

 

 

8

 

 

 

 

 

 

 

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9.

IRC Section 78 and 80% of foreign dividends (schedule required)

 

 

 

 

 

 

 

 

 

 

 

9

 

 

 

 

 

 

 

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10.

Other subtractions from federal income (schedule required)

 

 

 

 

 

 

 

 

 

 

 

10

 

 

 

 

 

 

 

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11.

Total subtractions from federal income (add lines 8, 9 & 10)

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11

 

 

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12.

Net income before apportionment (add line 3 to line 7 and subtract line 11) .

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12

 

 

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13.

Nonbusiness income - Total company (schedule required)

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13

 

 

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14.

Apportionable business income (subtract line 13 from line 12)

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14

 

 

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15.

Average percent to Kansas (Part III, lines A, B, C & E)

A __ __ __ . __ __ __ __

B __ __ __ . __ __ __ __

C __ __ __ . __ __ __ __

 

15

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16.

Amount to Kansas (multiply line 14 by line 15)

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16

 

 

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17.

Nonbusiness income - Kansas (schedule required)

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17

 

 

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18.

Total Kansas income (add lines 16 & 17)

 

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18

 

 

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19.

Estimated tax paid and amount credited forward (separate schedule)

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19

 

 

 

 

 

 

 

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20.

Other tax payments (separate schedule). (Do not enter KW-7 or KW-7S withholding on this line)

 

20

 

 

 

 

 

 

 

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21.

Refund (add lines 19 & 20)

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21

 

 

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I declare under the penalties of perjury that to the best of my knowledge this is a true, correct, and complete return.

 

I authorize the Director of Taxation or their designee

 

 

 

 

to discuss my K-120S and enclosures with my preparer.

Signature of Officer

Title

Date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individual or Firm Signature of Preparer

Address and Phone Number

Date

Tax Preparer's EIN or SSN

Enclose a copy of page 1 through 4 (page 5 if Partnership) of your federal return, Schedule M-1, Schedule M-2, and any federal schedules that support Kansas modifications. Also include an organizational chart showing all partnerships/S Corps and taxable entities. If additional information is needed, we will request it at a later date.

MAIL TO: KANSAS S CORPORATION INCOME KANSAS DEPARTMENT OF REVENUE 915 SW HARRISON ST

TOPEKA, KS 66699-4000

FOR OFFICE USE ONLY