The Kentucky 740 NP form is the official income tax return for individuals who are nonresidents or part-year residents of Kentucky. This form allows taxpayers to report their income and calculate their tax liability for the state. Proper completion of the 740 NP ensures that you meet your tax obligations while potentially qualifying for any applicable credits or refunds.
The Kentucky 740 NP form is a crucial document for non-residents and part-year residents filing their state income tax returns. It serves as a comprehensive tool to report income earned while in Kentucky, ensuring compliance with state tax regulations. The form requires essential personal information, including names, Social Security numbers, and addresses. Taxpayers must also provide details regarding their filing status, such as single, married filing jointly, or married filing separately. A significant aspect of the form is the inclusion of various tax credits, which can help reduce the overall tax liability. Additionally, the 740 NP form requires the attachment of Form W-2, Wage and Tax Statement, to verify income and taxes withheld. Calculating taxable income involves determining the adjusted gross income and applying any allowable deductions. The form also facilitates contributions to specific funds, such as the Child Victims’ Trust Fund and the Veterans’ Program Trust Fund. Accurate completion of this form is essential for determining any tax owed or refund due, making it imperative for filers to pay close attention to the instructions and details provided within the document.
Attach Form W-2, Wage and Tax Statement(s) and Payment Here—Staple to Top Page Only
740-NP
KENTUCKY INCOM E TAX RETURN
42A740-S9
NONRESIDENT OR PART-YEAR RESIDENT
Departm ent of Revenue
¸ Check if Amended Return
2004
For calendar year or other taxable year beginning _______________ , 2004, and ending _______________ , 2005 .
Nam e—Last, First, M iddle Initial (Joint return, give both nam es and initials.)
Your Social Security Num ber
Use
➤
B.
L
Kentucky
A
M ailing Address (Num ber and Street Including Apartm ent Num ber or P.O. Box)
Spouse's Social Security Num ber
label if
correct.
B
A.
Otherw ise
E
print or
City, Tow n or Post Office
State
ZIP Code
POLITICAL PARTY FUND
type.
Designating $2 w ill not change your refund
or tax due.
1
Single
✔
FILING
2
M arried, filing joint return.
A. Spouse
B. Yourself
STATUS
3
M arried, filing separate returns. Enter spouse's Social Security
Democratic
(1)
(4)
(see
num ber above and full nam e here.
Republican
(2)
(5)
instructions)
No Designation
(3)
(6)
CREDITS
COM PLETE PAGE 2 OF THIS FORM BEFORE COM PLETING LINES 4 THROUGH 31.
OFFICIAL USE ONLY
4
Enter total tax credits claim ed on page 2, line 35
5
Enter am ount from page 2, line 62, Colum n A. This is your federal Adjusted Gross Income
00
6
Enter am ount from page 2, line 62, Colum n B. This is your Kentucky Adjusted Gross Income
TAXABLE
7
Nonitemizers: Enter $1,870. Skip lines 8(a) and 8(b) (do not prorate)
INCOM E
8
(a)
Itemizers: Enter item ized deductions from Kentucky Schedule A,
Form 740-NP
8(a)
(b)
M ultiply line 8(a) by the percentage (
%)
from page 2, line 63
8(b)
9
Subtract line 7 or line 8(b) from line 6. This is your Taxable Income
TAX
10
Enter tax from Form 740-NP Tax Table
11
M ultiply $20 by num ber of tax credits claim ed (from line 4)
12
M ultiply line 11 by the percentage (
%) from page 2, line 63
13
Other tax credits (see instructions)
14
Subtract lines 12 and 13 from line 10
15
Enter Low Income Credit from w orksheet in the instructions
16
Subtract line 15 from line 14
17
Enter Child and Dependent Care Credit from w orksheet in the instructions
18
Subtract line 17 from line 16. This is your Income Tax Liability
19
Enter KENTUCKY USE TAX from w orksheet in the instructions
➤ 19
20
Add lines 18 and 19. This is your Total Tax Liability
21
Enter Kentucky income tax w ithheld as show n
on attached 2004 Form W-2, Wage and Tax Statem ent(s)
21(a)
Enter 2004 Kentucky estim ated tax paym ents
21(b)
22
Add lines 21(a) and 21(b)
23
.................................If line 22 is larger than line 20, enter AM OUNT OVERPAID (see instructions)
See
24 Nature and Wildlife Fund Contribution
¸ $2
¸ $5
¸ $10 ¸ Other
Enter am ount checked
24
instruc-
tions for a
25
Child Victims’ Trust Fund Contribution
detailed
¸ $4
¸ Other
description
26
Bluegrass State Games and U.S. Olympic Committee Fund Contribution
of funds.
27
Veterans’ Program Trust Fund Contribution
........................................................
28
Add lines 24 through 27
29
..............Am ount of line 23 to be CREDITED to your 2005 estim ated tax
ESTIM ATED TAX
30
Subtract lines 28 and 29 from line 23. Am ount to be REFUNDED TO YOU
..............
REFUND
31If line 20 is larger than line 22, enter AM OUNT YOU OWE. Attach check for full am ount payable to Kentucky State Treasurer. Write your Social Security num ber and "KY Incom e
Tax—2004" on the check. Place on TOP of w age and tax statem ents
OWE 31
Check ¸ if Form 2210-K is attached (see instructions)
Official
Use Only
EST CF NT P B F
R
FORM 740-NP (2004)
<www.revenue.ky.gov
Page 2
A copy of pages 1 and 2 of your federal income tax return and all supporting schedules must be attached to Kentucky Form 740-NP.
RESIDENCY
¸
Full-year nonresident. I did not live in Kentucky during the year. Enter state of residence as of Decem ber 31, 2004
.
Part-year resident. Com plete appropriate line(s) below .
(check
M oved into Kentucky
/
04
. State m oved from
M oved out of Kentucky
. State m oved to
one box)
Full-year resident of a reciprocal state. Attach a copy of the 2004 return
IL
IN
M I
OH
VA
WV
WI
filed w ith your state of residence and circle the state of residence.
32
Credits for yourself:
Regular
Check both if 65 or over
Check both if blind
Enter num ber of
Credits for spouse:
boxes checked
33
Nam es of dependent children: (a)
(c)
(d)
Total
34
Tax credits for other dependents
35
Add the total num ber of tax credits claim ed on lines 32, 33 and 34 above
A. Total from Attached
B. Kentucky
36
Enter all w ages, salaries, tips, etc. (attach w age and tax statem ents)
Federal Return
Do not include m oving expense reim bursem ents
37
M oving expense reim bursem ent (attach Schedule M E)
38
Interest and dividends
39
Business incom e or (loss) (attach Schedule C or C-EZ)
40
Capital gain or (loss) (attach Schedule D)
41
Other gains or (losses) (attach Form 4797)
42
Federally taxable IRA distributions, pensions and annuities
42(a)
Pension incom e exclusion (attach Schedule P if m ore than $40,200) ...
42(b)
(
00 )
43
Rents, royalties, partnerships, estates, trusts, etc. (attach federal Schedule E) ...
44
Farm incom e or (loss) (attach Schedule F)
45
Other incom e (list type and am ount)
46
Com bine lines 36 through 45. This is your Total Income
ADJUST-
47
Educator expenses
M ENTS
48
Certain business expenses of reservists, perform ing artists and
TO
fee-basis governm ent officials (attach federal Form 2106 or 2106-EZ)
49
IRA deduction
50
Student loan interest deduction
51
Tuition and fees deduction
52
Health savings account deduction (attach federal Form 8889)
53
M oving expenses (attach Schedule M E)
................................................................
54
Deduction for one-half of self-em ploym ent tax
55
Self-em ployed health insurance deduction
56
Self-em ployed SEP, SIM PLE and qualified plans deduction
57
Penalty on early w ithdraw al of savings
58
Alim ony paid (recipient's nam e and Social Security num ber)
59
Long-term care insurance prem ium s (see instructions)
60
Health insurance prem ium s (see instructions)
61
Add lines 47 through 60. Total adjustm ents to incom e
62
Subtract line 61 from line 46. This is your Adjusted Gross Income
63
Divide line 62, Colum n B, by line 62, Colum n A. If am ount is equal to or
greater than 100%, enter 100%. This is your Percentage of Kentucky
%
Adjusted Gross Income to Federal Adjusted Gross Income
I, the undersigned, declare under penalties of perjury that I have exam ined this return, including all accom panying schedules and statem ents, and to the best of m y know ledge and belief, it is true, correct and com plete. I also understand and agree that our election to file a joint return under the provisions of Regulation 103 KAR 17:020 w ill result in refunds being m ade payable to us jointly and in each of us being jointly and severally liable for all taxes accruing under this return.
*
Your Signature (If joint return, both m ust sign.)
Spouse's Signature
Telephone Number (daytime)
Date Signed
Typed or Printed Nam e of Preparer Other than Taxpayer
I.D. Num ber of Preparer
Date
➤ M ail refund returns to Kentucky Department of Revenue, Frankfort, KY 40618-0006.
➤ M ake check payable to
M ail returns w ith payment to Kentucky Department of Revenue, Frankfort, KY 40619-0008.
Kentucky State Treasurer.
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