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Kentucky Kentucky Affiliations and Payment Schedule
Extracted from PDF file 2023-kentucky-form-851-k.pdf, last modified June 2023Kentucky Affiliations and Payment Schedule
SCHEDULE 851-K 2023 KENTUCKY AFFILIATIONS AND PAYMENT SCHEDULE Commonwealth of Kentucky Department of Revenue 230208 41A720-S4 (851-K)(10-23) List the parent corporation and all subsidiaries. See instructions. Attach to the elective consolidated income tax return (Form 720). Corp. No. Name of Parent Corporation FEIN Kentucky Corporation/LLET Account Number Parent Corporation Tax Payments Prior Year Credit Extension Payment Estimated Payment(s) 1 Subsidiary(ies) Tax Payments Corp. No. Names of Subsidiary Corporations FEIN Kentucky Corporation/LLET Account Number Prior Year Credit Estimated Payment(s) Extension Payment Stock Ownership Information Percent of Value Percent of Voting Power 2 % % 3 % % 4 % % 5 % % 6 % % 7 % % 8 % % 9 % % Page ____ of ____ Owned by Corp. No. SCHEDULE 851-K (2023) INSTRUCTIONS FOR FORM 851-K—KENTUCKY AFFILIATIONS AND PAYMENT SCHEDULE Purpose of Form—This form must be completed and attached to the Kentucky Corporation Income Tax and Limited Liability Entity Tax (LLET) Return (Form 720) if the corporation is filing an elective consolidated tax return per KRS 141.201. The information requested on this form identifies the parent of the affiliated group, each subsidiary included in the elective consolidated return, and their respective payments. This information is necessary in order to identify the corporations included in the affiliated group and to avoid unnecessary correspondence from the Department of Revenue such as delinquency notices to subsidiaries. Elective Consolidated Return—For tax years beginning on or after January 1, 2019, KRS 141.201 provides that an affiliated group may elect to file a consolidated return which includes all members of the federal affiliated group. General Instructions Enter the name, federal identification number (FEIN), and, if applicable, the Kentucky Corporation/LLET Account Number of the parent corporation and each subsidiary included in the elective consolidated tax return. If the parent corporation has more than eight (8) subsidiaries, attach additional Forms 851-K as needed. Tax Payments Line 1—Enter the total LLET and corporation income tax paid by the parent, including the overpayments applied from the prior year, estimated tax payments, and amounts paid with extension Form 720EXT. Lines 2-9—Enter the total LLET and corporation income tax paid, including overpayments applied from the prior year, estimated tax payments, and amounts paid with extension Form 720EXT, by each subsidiary included in the elective consolidated return. Stock Ownership Information Lines 2-9—Enter the following values for each subsidiary: • • • Percent of Value—Enter the percent of value owned by a corporation or corporations included in the affiliated group. Percent of Voting Power—Enter the percent of voting power owned by a corporation or corporations included in the affiliated group. Owned by Corporation No.—Enter the number of the corporation or corporations which owns each subsidiary. For example, if subsidiary corporation number 2 is owned by parent corporation number 1, enter 1; or if subsidiary corporation number 2 is owned by corporation numbers 1, 7, and 9, enter 1, 7, 9. 41A720-S4 (10-23) Page 2 of 2
Form 851-K
More about the Kentucky Form 851-K Corporate Income Tax Tax Credit TY 2023
We last updated the Kentucky Affiliations and Payment Schedule in February 2024, so this is the latest version of Form 851-K, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 851-K directly from TaxFormFinder. You can print other Kentucky tax forms here.
Other Kentucky Corporate Income Tax Forms:
TaxFormFinder has an additional 129 Kentucky income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form PTE Instructions | Kentucky Pass-Through Entity Income and LLET Return - Instructions |
| Form 725 | Kentucky Single Member LLC Individually Owned & LLET Return |
| Form 720S | Kentucky S Corporation Income Tax and LLET Return |
| Schedule A | Apportionment and Allocation for corporations and pass-through entities taxable both within and without Kentucky - Schedule 41A720A |
| Form 92A205 | Inheritance Tax Return - Short Form |
View all 130 Kentucky Income Tax Forms
Form Sources:
Kentucky usually releases forms for the current tax year between January and April. We last updated Kentucky Form 851-K from the Department of Revenue in February 2024.
Form 851-K is a Kentucky Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Kentucky Form 851-K
We have a total of eleven past-year versions of Form 851-K in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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