Kentucky Kentucky Affiliations and Payment Schedule

Kentucky Affiliations and Payment Schedule
Form 851-K
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				%	 %

	

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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)	

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