KS Form K-40

Residency:

Part-year resident. You are a part-year resident if you were a Kansas resident for less than 12 months during the tax year.  As a part-year resident, you have the option to file your Kansas return

as a resident or as a nonresident.

Food Sales Tax Refund:

To qualify, you must be 55 years of age or older, or be blind or disabled, or have a dependent child under 18 who lived with you all year whom you claim as a personal exemption.

You must also be a Kansas resident whose Kansas qualifying income is $26,900 or less.

Homestead Refund Program:

Property tax rebate of up to $600.  To qualify, the claimant must be a Kansas resident whose annual household income was less than 26,301, and who is over 55 year of age, or is blind or disabled,

or has a dependent child under 18 who lived with them all year.

The rebate is claimed on Form K-40H, Kansas Homestead Refund Claim.

The following worksheets are available on the Form K-40:

- Compensating Use Tax (line 18)

- Other refundable credits (line 24)

- Other nonrefundable credits (line 15)

- Itemized/Standard Deduction (line 4)

- Credit For Taxes Paid to Other States (line 13)

Modifications and Nonresident Allocation - Schedule S:

Modifications to federal adjusted gross income are calculated on Kansas Schedule S.

The following modifications are calculated from the federal return:

- A1. State and municipal bond interest

- A2. Contributions to KPERS (enter 'KPERS' and amount on W-2, Box 14)

- A7. U.S. Interest

- A8. State income tax refund

Nonresident Allocation of Income and Adjustments is calculated on Schedule S, Page 2.

Estimated Tax:

Kansas estimated tax will be computed based on a protective estimate.  The estimated tax can be adjusted as necessary by making entries directly on the estimate worksheet.

Estimated Tax Penalty:

To calculate an underpayment of estimated tax, Form K-210 must be added.  Crosslink doesn't automatically calculate the penalty.