Louisville Form Ol 3 PDF Details

If you are a business owner in Louisville, Kentucky, you will want to be familiar with Louisville Form Ol 3. This is the form that local businesses must file in order to start or stop doing business in the city. Filing this form is not only required by law, but also can help your company stay compliant with other regulations. Here we will provide an overview of what Louisville Form Ol 3 is and what it covers. We will also offer some tips on how to complete the form properly.

This figure has got information regarding louisville form ol 3. You can study it before submitting the gaps.

QuestionAnswer
Form NameLouisville Form Ol 3
Form Length2 pages
Fillable?Yes
Fillable fields112
Avg. time to fill out22 min 58 sec
Other nameslouisville metro revenue commission ol 3, louisville ol 3, louisville form ol 3 insturctions, ol3 expense form louisville metro revenue

Form Preview Example

Louisville Metro Revenue Commission

Occupational License Tax Return

INDIVIDUAL/ SOLE PROPRIETOR

First name

 

MI

Last name

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CORPORATION/ PARTNERSHIP

 

 

 

Legal name/ Business name

 

 

 

 

 

 

 

CHECK IF CHANGE IN ADDRESS IS BELOW

 

 

 

Address (number and street)

 

 

 

Unit/Apt. no.

City, town, or post office

 

 

State

Zip code

 

 

Email

 

 

 

Phone no.

Ext.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Did you make payments in the

sum of $600.00 or more to any

individual for services

 

 

YES

NO

rendered in Louisville Metro, Kentucky, other than an employee?

 

 

IF YES, YOU ARE REQUIRED TO FILE FORM 1099-SF.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OL-3_2017_V6.0

<![endif]>Form

OL-3

Social Security Number

Federal ID Number

Account ID

Tax Year Ending

<![endif]>STATUS

No Activity

Amended Return

 

<![endif]>RETURN

Final Return

 

Business Cease Date

 

 

General

A.

Principal business activity:

 

 

 

 

 

 

 

 

YES

NO

Information

B.

Did Federal Authorities change or propose to change net income reported for any prior year?

These questions

 

If YES, which year(s) was adjusted? (Attach statement of changes)

 

 

 

 

Social Security Number

must be answered

C.

Corporation’s Principal Administrative Officer

 

 

 

 

 

 

 

 

Address

 

 

 

 

 

 

 

 

 

 

 

 

 

D.

Did you file a consolidated federal return? (If YES, see instructions)

 

 

 

 

YES

NO

 

E.

Was there a change in ownership in the past year?

 

 

 

 

 

 

YES

NO

 

 

Name of new owner

 

 

 

 

 

 

 

 

New Ownership Date

 

 

Address

 

 

 

 

 

 

 

 

 

 

 

 

Tax

25.

Enter Adjusted Net Profit (From Line 20 on page 2 of form):

 

 

 

 

 

 

 

.00

Computation

 

Occupational License Tax Computation

COLUMN A: Tax Rate = (.0145)

COLUMN B: Tax Rate = (.0075)

 

Louisville Metro & Mass Transit

 

School Board

Complete Income

 

 

 

 

 

 

 

26.

Enter Apportionment Percentage from Line 24 on page 2 of form

 

 

 

 

 

 

Non-Resident Individuals

Worksheet on

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Do Not Complete Column B

Page 2 prior to

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

completing this

27.

Enter Net Profit Allocation (Line 25 x Line 26) in Columns A & B

 

 

.00

 

 

 

.00

section.

28.

Enter result of Line 1(e) on page 2 of form

 

 

.00

 

 

 

.00

 

29.

Enter the sum of Line 27 + Line 28 or Line 28, whichever is greater

 

 

.00

 

 

 

.00

 

30.

Tax Calculations [Line 29, Column A x .0145] & [Line 29, Column B x

 

 

.00

 

 

 

.00

 

 

.0075] Enter in proper column

 

 

 

 

 

 

 

 

 

 

 

31.

Total Tax Due – Sum of Columns A & B of Line 30 (If Line 31 is greater

than $5,000.00,

 

 

 

 

 

.00

 

 

See Exhibit “A” under Specific Instructions.)

 

 

 

 

 

 

 

 

 

32.

Total Prepayments

 

 

 

 

 

a.

 

 

 

.00

 

 

Refund:

b.

 

.00

Credit to next year:

c.

 

.00

 

 

 

 

 

33.

Balance Due: (Line 31 minus Line 32a, if greater than $0)

 

 

 

 

 

 

 

.00

 

34.

Penalty & Interest (See Instructions):

 

 

 

 

 

 

 

 

 

.00

 

35.

Amount To Be Paid (Add Lines 33 and 34):

 

 

 

 

 

 

 

.00

Signature

I hereby certify, under penalty of perjury, that the information provided and the attached supporting schedules are true,

 

correct, and complete to the best of my knowledge.

 

 

 

 

 

Your signature

 

 

 

 

 

Date

 

 

 

 

 

 

 

 

 

 

Print/Type your name

 

 

Your Title

 

 

Daytime phone number

 

 

 

 

 

 

 

 

 

Preparer

Print/Type preparer’s name

 

Preparer’s

signature

 

Date

PTIN

 

Use Only

 

 

 

 

 

 

 

 

Firm’s name

 

 

Firm’s EIN

 

 

 

 

 

 

 

 

 

 

 

Firm’s address

 

 

Phone no.

 

 

 

 

 

 

 

 

 

ELECTRONIC FILING

Register for electronic filing. It is an easy, secure, and convenient way to file and pay taxes on-line. For more information access

https://www.metrorevenue.org

MAILING ADDRESS: P.O. BOX 35410, LOUISVILLE, KENTUCKY 40232-5410

Telephone: (502) 574-4860

Form OL-3

 

 

 

 

 

 

 

Page 2

Income

1(a) Gross salaries, wages, tips, etc. reported on Federal Form W-2 where the full amount of

 

1a

.00

 

Worksheet

occupational taxes were not withheld, plus deferred compensation from 401 (K)/403 (B)/457 plans

 

.00

 

1(b) Related employee business expenses per Federal Form 2106 (Attach Form 2106)

 

1b

 

Must Attach Form W-2

1(c) Line 1(a) minus Line 1(b)

 

 

 

 

1c

.00

 

Lines 1a through 1e apply

1(d) Compute the apportionment below for time spent in Louisville Metro directly related to the

 

 

 

wages reported on Line 1c, carrying the percentage out five (5) decimal places.

 

 

 

 

only to individuals with

 

 

 

 

 

 

 

 

 

income reported on Federal

Total days worked in Louisville

 

 

 

Total days worked everywhere

1d

 

 

 

÷

 

 

 

Form W-2 from which the

 

 

 

 

 

 

 

 

 

full amount of occupational

 

 

 

 

 

 

 

.00

 

1(e) Multiply Line 1(c) by Line 1(d) and enter on Line 28, Columns A and B on page 1 of form.

1e

 

taxes were not withheld.

 

 

Note: If you are a non-resident of Louisville Metro, Kentucky, leave Line 28, Column B blank.

 

 

 

COMPLETE THE APPLICABLE COLUMN AND ATTACH CORRESPONDING FEDERAL SCHEDULES

INDIVIDUAL

PARTNERSHIP

CORPORATION

2.Non-employee compensation as reported on Form 1099-MISC reported as “other income”

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

.00

3. Net profit or (loss) per Federal Sch. C of Form 1040

 

(Attach Sch. C, Pg. 1 and 2, or Sch. C-EZ)

.00

4.Capital gain from Federal Form 4797 or Form 6252 reported on Schedule D of Form 1040

 

from sale of business property. (Attach Form 4797, Pages 1 and 2 or Form 6252)

.00

5.

Rental income or (loss) per Federal Schedule E of Form 1040, only if qualified as a business

 

 

activity. (See page 1 of instructions) (Attach Schedule E)

.00

6.

Net farm profit or (loss) per Federal Sch. F of Form 1040, only if qualified as a business

 

 

activity. (See page 1 of instructions) (Attach Schedule F, pg. 1 and 2)

.00

7.Ordinary gain or (loss) on the sale of property used in a trade or business per Federal Form

4797 (Attach Form 4797, Pages 1 and 2)

.00

8.Ordinary income or (loss) per Federal Form 1065 (Attach Form 1065, Pages 1, 2, 3, and 4,

 

Schedule of Other Deductions, and Rental Schedule(s), if applicable)

.00

9.

Taxable income or (loss) per Federal Form 1120 or 1120A or Ordinary income or (loss) per

 

 

Federal Form 1120S (Attach Form 1120 or 1120A, Pages 1 and 2 or 1120S, Pages 1, 2 and

.00

 

3, Schedule of other Deductions, and Rental Schedule(s), if applicable)

10.State Income Taxes and Occupational Taxes deducted on Federal Schedule C, E, or F of

 

Form 1040, or Form 1065, 1120, 1120A, or 1120S

.00

.00

.00

11.

Additions from Schedule K of Form 1065 or Form 1120S (Attach Schedule K of Form 1065

 

 

 

 

or 1120S and Rental Schedule(s), if applicable)

 

.00

.00

12.

Net Operating Loss deducted on Form 1120

 

 

.00

13.

Total Income - Add Lines 2 through Line 12

 

 

.00

.00

.00

 

14.

Subtractions from Schedule K of Form 1065 or Form 1120S (Attach Schedule K of Form

 

 

 

 

1065 or 1120S and Rental Schedule(s), if applicable)

 

.00

.00

15.

Alcoholic Beverage Sales Deduction (Attach Computation Sheet)

.00

.00

.00

16.

Other Adjustments (Attach Statement)

.00

.00

.00

17.

Non-Taxable Income (Attach Statement)

 

.00

.00

 

 

 

18. Professional Expenses not reimbursed by the Partnership (Attach Statement)

19.

Total Deductions - Add Lines 14 through Line 18

 

 

 

 

.00

 

 

 

 

.00

 

.00

.00

 

 

 

 

 

 

20.

Adjusted Net Profit - Subtract Line 19 from Line 13 enter here and on Line 25 on page 1 of

 

 

 

 

 

 

 

form. (Do not include the amount from Line 1e)

 

.00

 

.00

.00

 

COMPUTATION OF APPORTIONMENT PERCENTAGES (Businesses whose total gross receipts and payroll were not confined solely to

 

COLUMN C =

 

 

Louisville Metro, Kentucky, must complete Lines 21-24. All Percentages in Column C must be carried out five (5) decimal places.)

 

Column A ÷ Column B

 

 

 

APPORTIONMENT CALCULATION

 

COLUMN A

COLUMN B

 

 

COLUMN C

 

 

 

 

 

LOUISVILLE METRO, KY

TOTAL OPERATIONS EVERYWHERE

 

LOUISVILLE METRO %

 

 

21.

Gross receipts from sales made and/or services rendered

21a

.00

21b

.00

 

21c

 

 

22.

Gross wages, salaries, and other compensation paid to all

22a

.00

22b

.00

 

22c

 

 

 

employees (See Instructions before completing)

 

 

 

 

 

23c

 

 

23.

TOTAL APPORTIONMENT PERCENTAGE for Louisville Metro, KY Add Lines (21c) and (22c)

 

 

 

 

 

24.

APPORTIONMENT PERCENTAGE – If both Lines 21(b) and 22(b) are greater than zero, divide entry on Line 23(c) by 2. Enter here and on Line 26 on

 

24c

 

 

 

page 1. If either Line 21(b) or Line 22(b) is zero, enter the amount from Line 23(c) here and on Line 26 on page 1. EXAMPLE: “22.12345%”

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MAILING ADDRESS: P.O. BOX 35410, LOUISVILLE, KENTUCKY 40232-5410

Telephone: (502) 574-4860

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louisville revenue forms spaces to complete

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The program will request you to write certain essential details to easily complete the area Preparer, Use, Only Firms, name, Firms, address Firms, E, IN, Phone, no ELECTRONIC, FILING https, www, metro, revenue, org and Telephone.

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The field Total, days, worked, in, Louisville Total, days, worked, everywhere Page, INDIVIDUAL, PARTNERSHIP, CORPORATION, and Net, profit, or, loss, per, FederalS, chC, of, Form is where one can put all sides, ' rights and obligations.

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