Name: Account #: ________________________________________
dba: FEIN/SSN:_________________________________________
Address:
City, State, Zip:
Boone County Board of Education Tax - 1/2 of 1% (.005)
*****No Maximum*****
1)
Adjusted Net Business Income (worksheet 1, Line 25(a))
$
2) Multiply Line 1 - by 1/2 of 1% (.005)
$
3) Late filing and/or Paying Penalty Fee
$
5% per month, maximum not to exceed 25%,Minimum $25
4) Interest Fee (1% per month, 12% per year )
$
5) Total Board of Education Tax
$
Boone County Ordinance #07-27 - 8/10 of 1% (.008)
*****Max $67,179.00/tax of $537.43****
6)
Adjusted Net Business Income (worksheet 1, Line 25(b))
$
7)
Multiply Line 6 - by 8/10 of 1% (.008) (Not greater than $537.43)
$
8) Late filing and/or Paying Penalty Fee
$
5% per month, maximum not to exceed 25%,Minimum $25
9) Interest fee 1% per month, 12% per year
$
10) Total Boone County Net Profit Tax
$
Boone County Mental Health Tax Ordinance #07-26- 15/100 of 1% (.0015)
*****Max Profit $16,666.00/tax of $25.00*****
11)
Adjusted Net Business Income (worksheet 1, Line 25(c))
$
12) Multiply Line 11- by 15/100 of 1% (.0015) (Not greater than $25.00)
$
13) Late filing and/or Paying Penalty Fee
$
5% per month, maximum not to exceed 25%,Minimum $25
14) Interest fee 1% per month, 12% per year
$
15) Total Mental Health Tax
$
16) Subtotal Taxes (add lines 5,10,15)
$
$
18) TOTAL DUE (ADD LINES 16 and 17)
$
19) Overpayment from Prior Year
$
20) Estimated Tax Payment with Extension $
21) Total Prior Year & Estimated Payments (ADD LINES 19 and 20) $
$
Make check payable to: Boone County Fiscal Court
If Overage please specify Refund or Credit
Refund Credit
Signed: Date:
Printed Name Official Title:
Tax Form Prepared By: Telephone Number:
E-mail
Mail your return to:
PO Box 791638 Baltimore, MD 21279-1638) is for returns WITH PAYMENT PO
Box 960, Burlington, KY 41005-0960) is for returns WITHOUT PAYMENT.
Form 0706 - page 1 of 2
Please notify in writing any changes of ownership or new address by completing a Request to Change/Close Occupational License Account which
can be found on our website @ www.BooneCountyKY.org. If you have any questions please call 859-334-2144 or email
OccLicense@BooneCountyKY.org
Net Profit Tax Return for 2022
Use this form if your year end is between January 1, 2022 and December 31, 2022
and complete page two -Calculation Of Adjusted Business Income
I declare, under the penalties of perjury, that I have examined this document and to the best of my knowledge and belief, this is a true and accurate return.
17)
Add Regulatory Business License Fee ($25.00 Minimum - See instructions for multiple locations)
You must attach a copy of the Federal Tax Return, Supporting Schedules (include all pages)
Total remittance (line 18 less line 21)
Due Date:_________________________________________
Due date is April 18, 2023, except returns made on the basis of a fiscal year, which
shall be made by the fifteenth day of the fourth month following the close of the fiscal
year.
Boone County Fiscal Court
www.BooneCountyKy.org
PO Box 960
2950 Washington Street
Burlington, KY 41005
(859) 334-2144
(859) 334-3914 fax
Account #: _________________________ Account Name:___________________________
Year Ended:________________________ FEIN/SSN: _______________________________
Individual Partnership Corp and S-Corp
1040 Schedule C, E, F, 1040
Other income, 1099
Form 1065 Form 1120 & 1120S
1
Non-employee Compensation as reported on Form 1099-Misc reported as "other income"
on Federal Form 1040 (attach Schedule 1 of Form 1040 and Form 1099)
N/A N/A
2
Net Profit/Loss per Federal Schedule C of Form 1040 (attach Schedule C or Schedule C-
EZ and Schedule 1)
N/A N/A
3
Rental Income/Loss per Federal Schedule E of Form 1040 (attach Schedule E and
Schedule 1)
N/A N/A
4
Net farm Profit/Loss per Federal Schedule F of Form 1040 (Attach Schedule F and
Schedule 1)
N/A N/A
5
Capital Gain from Federal Form 4797 or Form 6252 reported on Schedule D of Form
1040 (attach Form 4797 or Form 6252)
N/A N/A
6
Ordinary Gain/Loss on the sale of property used in trade or business per Federal Form
4797 (Attach Form 4797)
N/A N/A
7
Ordinary Income/Loss per Federal Form 1065 (Attach Form 1065, Schedule of
other Deductions and Rental Schedule(s), if applicable)
N/A N/A
8
Taxable Income/Loss per Federal Form 1120 or 1120A or Ordinary Income/Loss per
Federal Form 1120S (Attach Form 1120 or 1120A, Schedule of other Deductions,
and Rental Schedule(s), if applicable)
N/A N/A
9
Ordinary Income/Loss per Federal Form 1120S (Attach Form 1120S, Schedule of
other Deductions, and Rental Schedule(s), if applicable)
N/A N/A
1
0
State Income Taxes and Occupational taxes deducted on Federal Schedule C,E,F,
or Form 1065, 1120, 1120A, or 1120S
1
1
Additions from Schedule K of Form 1065 or Form 1120S (Attach Schedule K of Form
1065 or 1120S and rental schedule(s), if applicable).
N/A
1
2 Net Operating Loss deducted on Form 1120 N/A N/A
13
Total Income - Add Line 1 through Line 12
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).
N/A
15
KY Alcoholic Beverages (Attach Computation Sheet)
16
Other Adjustment (Attach Schedule)
17
Professional Expense not reimbursed by the Partnership (Attach schedule of Expenses)
N/A N/A
18
Total Deductible Items - Add Lines 14 through 17
19
Adjusted Net Business Income - Subtract Line 18 from Line 13
Column A Column B Column C
Boone County Factor Total Operations Everywhere Boone County % ( A/B=C)
20 Gross Receipts from sales made and/or services rendered
20(a) 20(b) 20(c)
21
Gross Compensation including wages, salaries and other compensation (see
instructions before completing)
21(a) 21(b) 21(c)
22
Total Apportionment Factor(add Column C, lines 20 & 21)
22(c)
23
Apportionment Factor (Column C line 22 divided by the number of percents used). If
both lines 20(b)& 21(b) are greater than zero, divide the entry on Line 22(c)by 2 and
enter here. If either Line 20(b) or 21(b) is zero, enter the amount from Line 22 here.
23(c)
24
Taxable Boone County Net Profit - Multiply Line 19 by 23(c) and enter here
24(c)
Boone County BOE
Boone Cty Ordinance #07-27 Boone Cty Mental Health #07-26
see page 1 for maximum see page 1 for maximum see page 1 for maximum
25
Allocated Profit Enter Line 24 - transfer to page 1 where appropriate
25(a) 25(b) 25(c)
(Transfer to Line 1 page 1) (Transfer to Line 6 page1) (Transfer to Line 11 page 1)
Form 0706-1 - Page 1 of 2
Form 0806-1 - Page 2 of 2
Adjusted Business Income Calculation Page (page 2 of Net Profit Return)
All licensees who conduct a business activity in Boone County, KY must complete
this part, regardless of profit or loss.