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Kentucky Pro Forma Federal Consolidated Return Schedule
Schedule CR Form 720 is obsolete, and is no longer supported by the Kentucky Department of Revenue.
Extracted from PDF file 2020-kentucky-schedule-cr-form-720.pdf, last modified July 2013Pro Forma Federal Consolidated Return Schedule
SCHEDULE CR PRO FORMA FEDERAL CONSOLIDATED RETURN SCHEDULE Form 720 41A720CR (10-13) Taxable Year Ending Name of Corporation Consolidated Totals Yr. Federal Identification Number Kentucky Corporation/LLET Account Number ___ ___ — ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ Intercompany Eliminations Parent *1300010213* Mo. (Attach All Applicable Schedules) Commonwealth of Kentucky DEPARTMENT OF REVENUE Name Name _______________________________ ________________________________ FEIN __________________________ FEIN ___________________________ KY Corp./LLET Acct. No. KY Corp./LLET Acct. No. _______________________________ ________________________________ 1. (a) Gross receipts or sales..................... 1(a) 00 00 00 (b) Less returns and allowances........... 1(b) 00 00 00 (c) Balance.............................................. 1(c) 2. Cost of goods sold.................................... __ __ / __ __ 2 00 00 00 00 00 00 00 00 00 00 00 00 00 00 3. Gross profit................................................ 3 00 00 00 00 00 4. Dividends................................................... 4 00 00 00 00 00 5. Interest...................................................... 5 00 00 00 00 00 6. Gross rents............................................... 6 00 00 00 00 00 7. Gross royalties.......................................... 7 00 00 00 00 00 8. Capital gain net income........................... 8 00 00 00 00 00 9. Net gain or (loss) from Form 4797......... 9 00 00 00 00 00 10. Other income............................................. 10 00 00 00 00 00 11. Total income............................................. 11 00 00 00 00 00 12. Compensation of officers......................... 12 00 00 00 00 00 13. Salaries and wages................................... 13 00 00 00 00 00 14. Repairs and maintenance......................... 14 00 00 00 00 00 15. Bad debts................................................... 15 00 00 00 00 00 16. Rents.......................................................... 16 00 00 00 00 00 17. Taxes and licenses.................................... 17 00 00 00 00 00 18. Interest....................................................... 18 00 00 00 00 00 19. Charitable contributions........................... 19 00 00 00 00 00 20. Depreciation from Form 4562 not claimed on Schedule A or elsewhere on return............................. 20 00 00 00 00 00 21. Depletion................................................... 21 00 00 00 00 00 22. Advertising................................................ 22 00 00 00 00 00 23. Pension, profit-sharing, etc., plans.......... 23 00 00 00 00 00 24. Employee benefit programs.................... 24 00 00 00 00 00 25. Domestic production activities deduction................................................... 25 00 00 00 00 00 26. Other deductions...................................... 26 00 00 00 00 00 27. Total deductions....................................... 27 00 00 00 00 00 28 00 00 00 00 00 28. Taxable income before NOL deduction and special deductions.......................... 41A720CR (10-13) Commonwealth of Kentucky DEPARTMENT OF REVENUE Schedule CR—Pro Forma Federal Consolidated Return Schedule and Schedule CR–C—Pro Forma Federal Consolidated Return Schedule–Continuation Sheet GENERAL INSTRUCTIONS Purpose of Schedule—This schedule must be completed to compute the federal consolidated net income of an affiliated group filing a mandatory nexus consolidated Kentucky tax return as provided by KRS 141.200(11). Schedule CR and, if applicable, Schedule(s) CR-C must be attached to Form 720, Kentucky Corporation Income Tax and LLET Return, filed with the Kentucky Department of Revenue. Specific Instructions—For each subsidiary, enter the name, federal employer identification number (FEIN) and Kentucky Corporation/ LLET Account Number. If there are more than two subsidiaries in the affiliated group, use Schedule CR-C, Pro Forma Federal Consolidated Return Schedule Continuation Sheet. Lines 1–10—Enter the items of federal income for the parent and each subsidiary using the instructions for Form 1120, U.S. Corporation Income Tax Return, Lines 1 through 10. Enter for each line the intercompany elimination in the Intercompany Eliminations column and the consolidated total in the Consolidated Totals column. Line 11—Enter the total of Lines 1 through 10 in each column. Lines 12–26—Enter the federal deductions for the parent and each subsidiary using the instructions for Form 1120, U.S. Corporation Income Tax Return, Lines 12 through 26. Enter for each line the intercompany elimination in the Intercompany Eliminations column and the consolidated total in the Consolidated Totals column. Line 27—Enter the total of Lines 12 through 26 for each column. Line 28—Enter the amount of Line 11 less Line 27 for each column.
Schedule CR Form 720
More about the Kentucky Schedule CR Form 720 Corporate Income Tax
We last updated the Pro Forma Federal Consolidated Return Schedule in August 2021, and the latest form we have available is for tax year 2020. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Kentucky Department of Revenue. You can print other Kentucky tax forms here.
Related Kentucky Corporate Income Tax Forms:
TaxFormFinder has an additional 129 Kentucky income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Kentucky Schedule CR Form 720.
| Form Code | Form Name |
|---|---|
| Schedule CR-C Form 720 | Pro Forma Federal Consolidated Return Schedule Continuation Sheet (DISCONTINUED) |
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 Schedule CR Form 720 from the Department of Revenue in August 2021.
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 Schedule CR Form 720
We have a total of six past-year versions of Schedule CR Form 720 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2015 Schedule CR Form 720
Schedule CR Form 720 Pro
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