Frequently Asked Questions
Taxation - 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 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% 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