Page 1 of 1 141.207 Declaration and payment of estimated tax required by KRS 141.206. (1) The declaration and payment of estimated tax required by KRS 141.206(6) shall contain the following information: <br>(a) For a nonresident individual partner, member, or shareholder, the amount of estimated tax calculated under KRS 141.020 for the taxable year; and (b) For a corporate partner or member that is doing business in Kentucky only through its ownership interest in a pass-through entity, the amount of <br>estimated tax calculated under KRS 141.040 for the taxable year. (2) The declaration of estimated tax required under this section shall be filed with the department by the pass-through entity in the same manner and at the same times as <br>provided by: <br>(a) KRS 141.300, for a nonresident individual partner, member, or shareholder; and (b) KRS 141.042, for a corporate partner or member. (3) The payment of estimated tax shall be made in installments by the pass-through entity in the same manner and at the same times as provided by: <br>(a) KRS 141.305, for a nonresident individual partner, member, or shareholder; and (b) KRS 141.044, for a corporate partner or member. (4) A pass-through entity required to make a declaration and payment of estimated tax shall be subject to the penalty provisions of KRS 131.180 and 141.990 for any <br>declaration underpayment or any installment not paid on time. Effective: June 4, 2010 <br>History: Created 2010 (1st Extra. Sess.) Ky. Acts ch. 2, sec. 5, effective June 4, 2010.
Page 1 of 1 141.207 Declaration and payment of estimated tax required by KRS 141.206. (1) The declaration and payment of estimated tax required by KRS 141.206(6) shall contain the following information: <br>(a) For a nonresident individual partner, member, or shareholder, the amount of estimated tax calculated under KRS 141.020 for the taxable year; and (b) For a corporate partner or member that is doing business in Kentucky only through its ownership interest in a pass-through entity, the amount of <br>estimated tax calculated under KRS 141.040 for the taxable year. (2) The declaration of estimated tax required under this section shall be filed with the department by the pass-through entity in the same manner and at the same times as <br>provided by: <br>(a) KRS 141.300, for a nonresident individual partner, member, or shareholder; and (b) KRS 141.042, for a corporate partner or member. (3) The payment of estimated tax shall be made in installments by the pass-through entity in the same manner and at the same times as provided by: <br>(a) KRS 141.305, for a nonresident individual partner, member, or shareholder; and (b) KRS 141.044, for a corporate partner or member. (4) A pass-through entity required to make a declaration and payment of estimated tax shall be subject to the penalty provisions of KRS 131.180 and 141.990 for any <br>declaration underpayment or any installment not paid on time. Effective: June 4, 2010 <br>History: Created 2010 (1st Extra. Sess.) Ky. Acts ch. 2, sec. 5, effective June 4, 2010.
Page 1 of 1 141.207 Declaration and payment of estimated tax required by KRS 141.206. (1) The declaration and payment of estimated tax required by KRS 141.206(6) shall contain the following information: <br>(a) For a nonresident individual partner, member, or shareholder, the amount of estimated tax calculated under KRS 141.020 for the taxable year; and (b) For a corporate partner or member that is doing business in Kentucky only through its ownership interest in a pass-through entity, the amount of <br>estimated tax calculated under KRS 141.040 for the taxable year. (2) The declaration of estimated tax required under this section shall be filed with the department by the pass-through entity in the same manner and at the same times as <br>provided by: <br>(a) KRS 141.300, for a nonresident individual partner, member, or shareholder; and (b) KRS 141.042, for a corporate partner or member. (3) The payment of estimated tax shall be made in installments by the pass-through entity in the same manner and at the same times as provided by: <br>(a) KRS 141.305, for a nonresident individual partner, member, or shareholder; and (b) KRS 141.044, for a corporate partner or member. (4) A pass-through entity required to make a declaration and payment of estimated tax shall be subject to the penalty provisions of KRS 131.180 and 141.990 for any <br>declaration underpayment or any installment not paid on time. Effective: June 4, 2010 <br>History: Created 2010 (1st Extra. Sess.) Ky. Acts ch. 2, sec. 5, effective June 4, 2010.
