Frequently Asked Questions About Corporate Income

Do I need to file a separate election to be treated as a Subchapter S corporation?
No. If you are a Subchapter S corporation for federal income tax purposes, you are automatically a Subchapter S corporation for Kansas purposes and are required to file as a Subchapter S corporation except if you are a bank, saving and loan or trust company.

Can a bank file as a Subchapter S corporation for Kansas?
No. A bank, saving and loan or trust company having Subchapter S status for federal filing purposes, is required to file the Privilege tax return for Kansas.

Am I required to file a short period return?
If you are required to file a short period return for federal income tax purposes, you are also required to file one for Kansas.

I have applied for an automatic 6-month extension for federal. Do I need to file an extension with Kansas?
Kansas accepts the federal extension of time. The Kansas due date will be one month after the federal extended due date. The extension of time is to file the return not pay the tax. 90 percent of the tax must be paid by the due date to avoid late payment penalty.

Is a non-profit, 501(c)(3) organization required to file a copy of our annual IRS Return of Organization Exempt for Income Tax, Form 990 to the Kansas Department of Revenue?
No, non-profit organizations who are recognized by the IRS as a 501(c)(3) non-profit organization do not have a file a copy of the Form 990 with the Kansas Department of Revenue. Please note, most non-profit organizations are required to file an annual report with the Kansas Secretary of State's Office. To determine if you need to file a report with the Secretary of State, go to their web site, www.KSSOS.org

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