Corporate income tax is assessed against every corporation doing business in Kansas or deriving income from sources within Kansas. A Kansas corporation income tax return must be filed by all corporations doing business within or deriving income from sources within Kansas who are required to file a federal income tax return, whether or not a tax is due.
Frequently Asked Questions
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.
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.
If you are required to file a short period return for federal income tax purposes, you are also required to file one for Kansas.
Kansas accepts the federal extension of time and will follow accordingly. The extension of time is to file the return not pay the tax. Ninty percent of the tax must be paid by the due date to avoid late payment penalty.
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 nonprofit 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 website, www.KSSOS.org