INSTRUCTIONS: 2011 KANSAS CORPORATION INCOME TAX (Form K-120)
Corporations based in Kansas can use a form K-120 to determine what they owe in income tax. This document is available on the website of the Kansas Department of Revenue.
2011 Kansas Corporation Income Tax K-120 Step 1: Before completing the first two pages, you should complete the rest of the document, which will help you perform calculations necessary for the first two pages.
2011 Kansas Corporation Income Tax K-120 Step 2: Part I requires you to detail all refundable and nonrefundable credits.
2011 Kansas Corporation Income Tax K-120 Step 3: Part II asks for additional information about tax returns relating to your business.
2011 Kansas Corporation Income Tax K-120 Step 4: Part III asks you to list any affiliated corporations which are also doing business in the state. Include their employer ID number.
2011 Kansas Corporation Income Tax K-120 Step 5: Part IV concerns all other taxes paid besides income tax.
2011 Kansas Corporation Income Tax K-120 Step 6: Part V concerns all income derived from interest.
2011 Kansas Corporation Income Tax K-120 Step 7: Part VI contains apportionment formulas. Provide all information requested about property, payroll costs, and sales.
2011 Kansas Corporation Income Tax K-120 Step 8: Part VII has more miscellaneous questions which must be answered in writing.
2011 Kansas Corporation Income Tax K-120 Step 9: In Part VIII, list all affiliated corporations included in your apportionment schedule.
2011 Kansas Corporation Income Tax K-120 Step 10: Return to the first two pages. At the top of the first page, enter the name of the business, the address of the principal office of the business and all other information requested.
2011 Kansas Corporation Income Tax K-120 Step 11: Indicate with a check mark if you are filing an amended tax return.
2011 Kansas Corporation Income Tax K-120 Step 12: Questions one through 20 ask for various piece of information in order to determine the taxable income of the business in question.
2011 Kansas Corporation Income Tax K-120 Step 13: Questions 21 through 34 require you to perform calculations and provide information to determine your balance due.
2011 Kansas Corporation Income Tax K-120 Step 14: Question 35 through 41 concern underpayment or overpayment of previous years' taxes.
2011 Kansas Corporation Income Tax K-120 Step 15: An officer of the company or designated representative should sign and date the form.
