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KS online Form W-12: What You Should Know
Download your complete filing schedule and filing order form. Business Tax Application — Kansas Department of Revenue Use the Schedule E Form to claim exemptions applicable to owners or officers. There are 2 exemptions: (1) Entrepreneurial Business Exemption (EBE); and (2) Entrepreneurial Business Deduction. If your income is 20,000 or less per year it is considered your EBE. If your income is 20,000 or less for 2 consecutive tax years it is your END. The EBE will be adjusted for inflation in the next year you file. The EBE allows you to deduct the expenses you incur on your business in determining what percentage of taxable gross profits can be taken as deductions. In this case the entrepreneurial business exemptions amount to 0.5 percent of net income of the business. The END allows you to claim entrepreneurial business expenses reduced by the business' net profits. How much business income in Kansas is not subject to the EBE? Business income that equals or exceeds the gross income limits for which a business exemption is allowed. What is the cost to file an individual Income tax return? Cost to file your individual income tax return is 13 plus 8 filing fee. Cost per line is 1.00. Cost to file a joint return is 21 plus 8 filing fee. Cost per line is 1.00. Does filing through KOD save me? KOD is a FREE web based filing system where the Kansas Department of Revenue provides a “one-stop service” for filing online Kansas income tax returns. For information about KOD, go to our website and enter your business name. How does KOD work? Select your area of Kansas, file your personal tax return, and then you will receive your return from KOD. You may also receive a reminder the day before your payment due date. All KOD returns are electronically filed. Your tax return is sent electronically to the Kansas State Dept. of Revenue or other federal agency from which you paid a tax. See our FAQs page for more information on filing with KOD. Return Form Filing Options: Kansas Taxation Division We provide a return filing option for Kansas taxpayers.
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