Kan. Admin. Regs. § 92-12-106 - Composite returns for nonresident partners and shareholders
(a) Any partnership
or S corporation required to file a return under the Kansas income tax act may
file a composite income tax return for all nonresident partners or nonresident
shareholders that derive income from the partnership or S corporation.
Nonresident partners and nonresident shareholders included in a composite
return shall not file a separate income tax return.
(b) Any nonresident partner or nonresident
shareholder may be included in a composite return unless the partner or
shareholder has income from a Kansas source other than the partnership or S
corporation.
(c) Each composite
return shall list the name, address, social security number, and the percentage
of ownership of each nonresident partner or nonresident shareholder.
(d) Each composite return shall be filed and
any tax due paid by the partnership or S corporation on or before the 15th day
of the fourth month following the close of the taxable year of the partnership
or S corporation.
(e) Each return
shall be filed in the manner specified by the director of taxation.
(f) Trusts shall not be included in a
composite return. Each trust shall file a separate income tax return on a form
provided by the director.
Notes
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