Kentucky Form 740 X PDF Details

Filing an amended tax return can often seem daunting, but it's an important process for correcting previously filed information or claiming missed deductions and credits. The Kentucky 740 X form serves precisely this purpose for residents who need to amend their Kentucky Individual Income Tax Return for the years 2005 through 2016. Whether changes have occurred in filing status, income, deductions, or credits, this form provides a structured way to make those corrections. Applicants can indicate changes to their adjusted gross income, itemized or standard deductions, and taxable income. Furthermore, the form allows for the adjustment of tax liability, incorporating changes to various tax credits like the Business Incentive Credits and Education Tuition Tax Credit, among others. It also details the process for calculating refunds or amounts due, taking into account payments and credits already applied to the original filing. Completing the 740 X requires attention to detail, especially in accurately reporting the net change in each adjusted section, substantiating those changes with proper documentation, and understanding the impact on tax liability and potential refunds or additional taxes owed. Providing clear instructions for accounting for changes in personal tax credits, family size tax credit, and a straightforward approach to explaining other amendments, the form ensures thoroughness in rectifying or updating tax records, ultimately making the process more approachable for Kentucky taxpayers.

QuestionAnswer
Form NameKentucky Form 740 X
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other nameskentucky amended return, ky amended, kentucky amended tax return, 740x

Form Preview Example

740-X

*1700030008*

 

 

42A740-X (11-17)

AMENDED

 

Department of Revenue

 

 

KENTUCKY INDIVIDUAL

 

 

 

 

 

For calendar year or

 

 

INCOME TAX RETURN

20___

 

 

 

For fiscal year beginning __________ , ______ , and ending __________ , ______

2005 THROUGH 2016

 

 

 

 

 

Filing Status: Check only one block.

 

Original Amended

1.

Single

2.

Married, filing separately

 

on this combined return

3.

Married, filing joint return

4.

Married, filing separate

 

returns. Enter spouse’s

 

name and Social Security

 

number as it appears on

 

separate return.

ä

 

Spouse’s Social Security No.

 

Your Social Security No.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Last Name

First Name (Joint or combined return, give both names and initials.)

 

 

 

 

 

 

 

Mailing Address

Number and Street including Apartment Number or P.O. Box

 

 

 

 

 

 

 

 

City, Town or Post Office

 

 

 

State

ZIP Code

 

 

 

 

 

 

 

 

INCOME AND DEDUCTIONS

 

I—As Originally

II—Net Change Increase

III

 

Reported or Adjusted

or Decrease (see p. 2)

Correct Amount

 

 

 

 

 

 

 

 

1.

KENTUCKY ADJUSTED GROSS INCOME (Form 740 or 740-EZ)

 

 

 

 

 

Column A, Spouse

 

 

 

 

 

Column B, Yourself (or Joint)

 

 

 

2.

ITEMIZED DEDUCTIONS / STANDARD DEDUCTION

 

 

 

 

 

Column A, Spouse

 

 

 

 

 

Column B, Yourself (or Joint)

 

 

 

3.

TAXABLE INCOME

 

 

 

 

 

 

Column A, Spouse

 

 

 

 

 

Column B, Yourself (or Joint)

 

 

 

TAX LIABILITY

 

 

 

 

4.

Enter tax from Form 740, line 14 or Form 740-EZ, line 4.

 

 

 

 

 

Column A, Spouse

 

 

 

 

 

Column B, Yourself (or Joint)

 

 

 

5.

Business Incentive Credits.

Column A, Spouse

 

 

 

 

 

Column B, Yourself (or Joint)

 

 

 

6.

Personal Tax Credits.

Column A, Spouse

 

 

 

 

 

Column B, Yourself (or Joint)

 

 

 

7.

Subtract lines 5 and 6

Column A, Spouse

 

 

 

 

from line 4.

Column B, Yourself (or Joint)

 

 

 

8.

Add line 7, Columns A and B and enter here

 

 

 

9.

Family Size Tax Credit

 

 

 

10.

.................................................................Education Tuition Tax Credit

 

 

 

11.

.......................................................Child and Dependent Care Credit

 

 

 

12.

RESERVED

 

 

 

13.

.......Income Tax Liability. Subtract lines 9, 10, 11 and 12 from line 8

 

 

 

14.

Kentucky Use Tax

 

 

 

15.

Total Tax Liability

 

 

 

PAYMENTS AND CREDITS

16.Kentucky Income Tax Withheld............................................................

17.Kentucky Estimated Tax Payments......................................................

18.Refundable Kentucky Corporation Tax Credit (KRS 141.420(3)(c))....

19.Refundable certified rehabilitation credit (KRS 141.382(1)(b))..........

20.Film industry tax credit (KRS 141.383)................................................

21.Amount paid with original return, plus additional payments made after it was filed

22.Total of lines 16 through 21, Column III ..............................................................................................................................................................

REFUND OR AMOUNT DUE

23.Overpayment, if any, shown on original return, Form 740 or Form 740-EZ...........................................................

24.Subtract line 23 from line 22 and enter the result....................................................................................................

25.If line 15, Column III, is more than line 24, enter amount due ................................................................................

26.Compute interest on the amount due from the due date until paid. Use Interest Rate

Chart on Page 2, Part IV when calculating interest..................................................................................................

27.Add lines 25 and 26. Pay in full with this return .......................................................................................................

28.If line 15, Column III, is less than line 24, enter refund to be received ...................................................................

N F

Form 740-X (11-17)

*1700030009*

Page 2

 

 

 

 

PART I – TAX CREDITS

(This section must be completed for any increase or decrease in the number of personal tax credits claimed

 

on original return)

 

1.Number of personal tax credits claimed on original return (Form 740, Section B, lines 3A and 3B)

2.Number of personal tax credits claimed on this return..........................................................................................................

3.Difference.....................................................................................................................................................................................................................

Explain any difference in detail below. Include name and Social Security number.

PART II – FAMILY SIZE TAX CREDIT (This section must be completed for any increase or decrease to Total Family Size claimed on original return.)

4.

Total Family Size claimed on original return

1

2

3

4 or more

5.

Total Family Size claimed on this return

1

2

3

4 or more

 

 

 

Explain any difference in detail below. Include name and Social Security number.

 

 

 

 

 

 

 

 

PART III – CHANGES Explain changes to income, deductions and tax from page 1, Column II in detail below. Attach additional or corrected Kentucky and/or federal forms, schedules or W-2s.

If you do not attach the required information, processing of your Form 740-X may be delayed.

PART IV – INTEREST RATE CHART - Use the following rates when computing interest for amount on Page 1, Line 26.

 

Jan. 1, 2017–Dec. 31, 2017

–

5%

 

 

Jan. 1, 2016–Dec. 31, 2016

–

6%

 

 

Jan. 1, 2015–Dec. 31, 2015

–

6%

 

 

Jan. 1, 2014–Dec. 31, 2014

–

6%

 

 

Jan. 1, 2013–Dec. 31, 2013

–

6%

 

 

 

 

 

 

 

 

 

 

 

I, the undersigned, declare under penalties of perjury that I have examined this return, including all accompanying schedules and statements, and, to the best of my knowledge and belief, it is true, correct and complete. I also understand and agree that our election to file a combined return under the provisions of appropriate income tax regulations will result in refunds being made payable to us jointly and in each of us being jointly and severally liable for all taxes accruing under this return.

 

 

 

 

(

)

 

Your Signature (If a joint return or combined, both must sign.)

Driver’s License/State Issued ID No.

Date Signed

Telephone Number (daytime)

 

 

 

 

 

 

 

 

 

Spouse’s Signature

Driver’s License/State Issued ID No.

Date Signed

 

 

 

 

 

 

 

 

 

Typed or Printed Name of Preparer Other than Taxpayer

I.D. Number of Preparer

Date

 

 

Make check payable to:

Kentucky State Treasurer.

REFUNDS

PAYMENTS

Mail to: Kentucky Department of Revenue, P. O. Box 856970, Louisville, KY 40285-6970.

Mail to: Kentucky Department of Revenue, P. O. Box 856980, Louisville, KY 40285-6980.

How to Edit Kentucky Form 740 X Online for Free

When you need to fill out ky 740 x, you won't have to install any sort of programs - simply try our online PDF editor. FormsPal team is devoted to providing you with the best possible experience with our tool by consistently presenting new functions and enhancements. With all of these improvements, working with our tool becomes better than ever before! Starting is simple! All that you should do is follow these simple steps down below:

Step 1: Open the PDF file inside our tool by pressing the "Get Form Button" above on this page.

Step 2: Using this advanced PDF file editor, you're able to accomplish more than just complete blank fields. Try each of the functions and make your forms seem high-quality with custom text put in, or modify the original content to perfection - all that comes with the capability to insert any graphics and sign the document off.

This PDF will require specific info to be typed in, so ensure that you take your time to fill in exactly what is asked:

1. You will want to fill out the ky 740 x properly, so be attentive while filling in the sections comprising these particular fields:

Find out how to fill in 740ext kentucky step 1

2. Just after the first array of blanks is done, go on to type in the suitable details in all these: from line, and KENTUCKY ADJUSTED GROSS INCOME.

from line, KENTUCKY ADJUSTED GROSS INCOME, and from line in 740ext kentucky

Always be very mindful while filling out from line and KENTUCKY ADJUSTED GROSS INCOME, as this is the part where most users make mistakes.

3. Within this part, look at KENTUCKY ADJUSTED GROSS INCOME. All these are required to be completed with greatest accuracy.

740ext kentucky writing process explained (stage 3)

4. This particular section comes next with all of the following empty form fields to consider: PART I TAX CREDITS, This section must be completed for, Number of personal tax credits, Explain any difference in detail, PART II FAMILY SIZE TAX CREDIT, This section must be completed for, Total Family Size claimed on, Total Family Size claimed on this, or more, or more, Explain any difference in detail, PART III CHANGES Explain changes, corrected Kentucky andor federal, and If you do not attach the required.

740ext kentucky conclusion process shown (stage 4)

5. Now, this final section is precisely what you'll want to complete prior to submitting the document. The blank fields under consideration include the following: I the undersigned declare under, Your Signature If a joint return, Date Signed, Spouses Signature, Drivers LicenseState Issued ID No, Date Signed, Typed or Printed Name of Preparer, ID Number of Preparer, Date, Telephone Number daytime, Make check payable to Kentucky, REFUNDS Mail to Kentucky, and PAYMENTS Mail to Kentucky.

Best ways to prepare 740ext kentucky step 5

Step 3: After you have looked over the information in the document, just click "Done" to conclude your form at FormsPal. After getting afree trial account here, it will be possible to download ky 740 x or send it via email promptly. The PDF document will also be at your disposal in your personal cabinet with your edits. We do not share the details that you type in while working with documents at FormsPal.

Kentucky Form 740 X isn’t the one you’re looking for?

Related Documents