Note:  The Department of Revenue is still accepting 2009 individual income tax returns electronically.

• The last day to transmit Kentucky returns electronically:  October 15, 2009.
  
  
• Previously rejected federal/state returns must be re-transmitted and accepted by:  October 20, 2009.

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Want to get your refund FAST??. . . .
FILE ELECTRONICALLY!!!

The Kentucky Department of Revenue has again partnered with the tax software community to provide free electronic filing of your 2008 federal and Kentucky returns.

The Kentucky Free File Alliance is an agreement between the Kentucky Department of Revenue and several software companies to provide free online services for qualified Kentucky taxpayers. Any software company may participate in the alliance. Each company determines its own free filing offer.

Please click on the KY E-Tax logo below for more information about the free file offers for 2008 as well as a listing of all approved tax software for do it yourself online tax preparation.

Important Tip:  Please use your most current address and verify that it includes all necessary information, such as apartment number, complete street name, etc. for fast delivery. Addresses with missing or incorrect information will delay your refund for several days or weeks.

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Attention Nonresident & Part-Year Filers:  At this time, the Department of Revenue does not offer the option to electronically file Kentucky Form 740-NP or 740-NP-R returns.  If you are a nonresident, part-year resident or filing a reciprocal return, you must file a paper return.

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E-Filing and Payment Options

Corporation Income and LLET Estimated Tax Payments for 2009

Estimated tax payments are required for corporation income tax and the limited liability entity tax (LLET).  Form 720-ES includes estimated tax payments for the corporation income tax imposed by KRS 141.040 and the (LLET) imposed by KRS 141.0401. Corporations as defined in KRS 141.010(24)(a) are subject to both the corporation income tax imposed by KRS 141.040 and the LLET imposed by KRS 141.0401. Limited liability pass-through entities as defined in KRS 141.010(28) are subject to the LLET, including S corporations. S corporations are also subject to the corporation income tax in certain cases under the provisions of  KRS 141.040(14). The first estimated payment installment, equal to 50 percent of the estimated tax, is due by the 15th day of the sixth month; the second installment equal to 25 percent of the estimated tax is due by the 15th day of the ninth month; and the third installment equal to 25 percent of the estimated tax is due by the 15th day of the 12th month of an entity’s calendar or fiscal year. Corporation income tax and LLET must be reported separately on Form 720-ES.

NOTE: The Kentucky Estimated Tax Voucher, 2009 Corporation Income/Limited Liability Entity Tax Form 720ES, will not be mailed to corporations and limited liability pass-through entities that are subject to declaration payments. It was determined 95 percent of corporations and pass-through entities are using software for their estimated tax vouchers. These are available from the link below or call (502) 564-8139 or (502) 564-3658 for a copy.

2009 Kentucky Estimated Tax Voucher - Corporation Income - Form 41A720-ES

Instructions for Filing 2009 Estimated Tax Voucher - Form 41A720-ES

Additional Corporation Tax forms can be found on the FORMS pages. (March 20, 2008)

Courtesy Announcement for New Jersey

NEW JERSEY DIVISION OF TAXATION LAUNCHES
LIMITED-TIME TAX AMNESTY PROGRAM

State Will Slash Interest in Half; Waive Penalties
for Individuals and Businesses

(TRENTON- May 3)- The New Jersey Division of Taxation has initiated a limited time Tax Amnesty program for individuals and businesses that, due to tough economic times, owe taxes and are now confronted with accumulating interest payments and penalties. Beginning Monday, May 4, and until June 15, 2009, the Division will waive all penalties and forgive half of the interest owed.

Tax Amnesty is available to individuals and businesses that owe unpaid taxes to the Division of Taxation for tax returns due on or after January 1, 2002 and before February 1, 2009. After the Tax Amnesty period ends, an additional 5% penalty will be imposed on all outstanding tax amounts. In addition, all other penalties, interest and other costs authorized by law will be added back and the Division will aggressively pursue collection of the entire liability. Nearly everyone, except taxpayers under criminal investigation for a State tax matter, is eligible for the program.

The program will benefit delinquent taxpayers who, because of financial hardship or other factors, have not met their tax obligations. The revenue raised will also help the State maintain services and programs that benefit all New Jersey residents.

Mark S. Wintermute, Special Assistant to the Director of the Division of Taxation, has been named Tax Amnesty Administrator and will oversee all operations of the program. Prior to his tenure as Special Assistant, Wintermute was Chief of Staff to four Directors, serving in this capacity from 1997 until 2008. He has been with the Division since 1979.

“We have noticed that many individuals and businesses that are usually compliant have fallen behind in their tax obligations. This is an opportunity for them to catch up and have a fresh start,” said Wintermute.

A far-reaching strategic media campaign has been launched to inform as many potential participants in the Tax Amnesty as possible. Letters advising of the Amnesty have been sent to those known to owe unpaid taxes and returns to the State. Outreach also includes ads, billboards, editorial and public service announcements on radio, television, newspapers and the Internet that will be seen and heard in New Jersey and throughout the country. The media campaign is being waged in English and Spanish. The Web site, TaxAmnesty.nj.gov, translates the terms of the Tax Amnesty in several other languages.

More information about the Tax Amnesty program is available at TaxAmnesty.nj.gov and by calling 800-781-8407. The Division also offers a speakers bureau to address questions from organizations and groups.

Courtesy Announcement for Connecticut

May 1 – June 25 is an opportunity for taxpayers to come clean on back taxes owed to the State of Connecticut.  Taxpayers who file and pay through Amnesty will avoid  penalties and criminal prosecution and will receive a 25 percent reduction in interest.

Visit at www.ct.gov/comeclean for more information and get ready to file beginning May 1.