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Form 1023 online Kentucky: What You Should Know
Your Kentucky chapter will also file an IRS Form 990, Return of Exempt Organization Contribution or Gifts to All Charities, if any. The Kentucky Attorney General's office will receive an IRS tax return that will reflect the 501(c)(3) exemption for your 501(c)(3) organization. The Kentucky nonprofit corporation has three ways to file its IRS tax return: 1) Form 990 filed with the Kentucky attorney general's office. 2) Form 990 filed online on the official organization's website with KY FIN.org, the Kentucky nonprofit corporation's digital filing system. 3) Form 590 — Withholding Tax Return (PDF). This is a tax return form the organization will file (with a form 590(b) form for non-profits) with the state Department of Revenue. Form 990 (PDF file, 5.8 MB) Form 590 (PDF) Kentucky Corporation tax return (PDF) How to Register a Kentucky Nonprofit Corporation When a nonprofit organization has been formed out of a Kentucky limited liability company (LLC) and an office in Kentucky is leased or is a holding company for other entities, the incorporation law dictates how the nonprofit corporation will be taxed by the Kentucky General Assembly. Below is a summary of the options open to Kentucky nonprofits that elect to register as incorporated in Kentucky. Option 1: Individuals or LCS (Form 990) : Individuals or LCS that register as incorporated in Kentucky through the Secretary of State's office can claim various tax benefits. A tax return can be filed every year. As an accountant or lawyer for a non-profit corporation, this option is attractive. In this case you can file a 1040 and Form 2553, Tax-Exempt and Government Entities, in a single filing. Option 2: Limited Liability Companies (LCS) : LCS are also eligible for the Kentucky corporate tax benefits. As a registered Kentucky LLC, you can file a 1040 Form W-2 with the IRS if each partner files an Individual tax return. This is useful if each member has separate accounts (investments) and the Kentucky LLP has expenses. Additionally, the Kentucky LLP must follow the requirements set forth in the Kentucky LLC Act: Kentucky Limited Liability Company Act (Kentucky LFLC Act) — §4-105.
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