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Kansas Free Printable K-30 Kansas Angel Investor Credit Rev. 8-19 for 2020 Kansas Angel Investor Credit

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Angel Investor Credit
K-30 Kansas Angel Investor Credit Rev. 8-19

K-30 KANSAS 190018 ANGEL INVESTOR CREDIT (Rev. 8-19) For the taxable year beginning, _____________ , 20 ____ ; ending _________________ , 20 _____ . Name of taxpayer (as shown on return) Social Security Number If partner, shareholder or member, enter name of partnership, S corporation, LLC or LLP Employer ID Number (EIN) PART A – GENERAL INFORMATION 1. Date the investment was made (mm/dd/yyyy): _______________________ 2. Name of the qualified Kansas business in which the investment was made: ______________________________________________________________________________________________________ 3. Employer Identification Number (EIN) of the qualified Kansas business in which the investment was made: _________________ 4. o Check here if this credit is the result of a transfer of credit from another investor in a qualified business. 5. Name and address of the original investor: ____________________________________________________________________ ______________________________________________________________________________________________________ 6. Social Security Number (SSN) of the original investor: ________________________ PART B – COMPUTATION OF CREDIT FOR THIS YEAR’S INVESTMENT 7. Total amount of cash investment this tax year. 7. ________________ 8. Maximum percentage allowed. 8. 50% ________________ 9. Maximum allowable credit for the amount invested this tax year (multiply line 7 by line 8). 9. ________________ 10. Proportionate share percentage (see instructions). 10. ________________ 11. Your share of the credit for this year’s investment (multiply line 9 by line 10). 11. ________________ 12. Amount of available carry forward from the prior year’s Schedule K-30. 12 ________________ 13. Total credit available this tax year (add lines 11 and 12). 13. ________________ 14. Amount of your Kansas tax liability for current taxable after all previously claimed credits. 14. ________________ 15. Amount of credit allowable this tax year (enter the lesser of line 13 or line 14). Enter this amount on the appropriate line of Form K-40. 15. ________________ 16. ________________ PART C – COMPUTATION OF TOTAL CREDIT CLAIMED THIS TAX YEAR PART D – COMPUTATION OF CREDIT CARRY FORWARD 16. Amount of credit to carry forward to next year’s Schedule K-30 (subtract line 15 from line 13). INSTRUCTIONS FOR SCHEDULE K-30 GENERAL INSTRUCTIONS SPECIFIC LINE INSTRUCTIONS K.S.A. 74-8133 provides a tax credit against the income or premium tax of any angel investor for a cash investment in the qualified securities of a qualified Kansas business. PART A – GENERAL INFORMATION Before an angel investor may be entitled to receive tax credits, such investor must have made a cash investment in a qualified security of a qualified Kansas business. The investment must be made in a business that has been approved by the Kansas Department of Commerce as a qualified business prior to the date on which the cash investment is made. For information and assistance regarding the approval of a qualified Kansas business, visit the Kansas Department of Commerce website at kansasangels.com or call 785-296-3481. The credit is 50% of such investors’ cash investment in any qualified Kansas business, subject to the following limitations: • No tax credits will be allowed for more than $50,000 for a single Kansas business or a total of $250,000 in tax credits for a single year per investor who is a natural person or owner of a permitted entity investor. • No tax credits shall be allowed for any cash investments in qualified securities for any year after the year 2021. • The total amount of tax credits shall not exceed $6,000,000 for tax year 2008 and each tax year thereafter, except that for tax year 2011, the total amount of tax credits shall not exceed $5,000,000. • No investor shall claim a credit for cash investments in Kansas Venture Capital, Inc. • No Kansas venture capital company shall qualify for the tax credit for an investment in a fund created by articles 81, 82, 83 or 84 of chapter 74 of the Kansas Statutes Annotated. If the amount by which that portion of the credit allowed by this section exceeds the investors’ liability in any one taxable year, the remaining portion of the credit may be carried forward until the total amount of the credit is used. If the investor is a permitted entity investor, the credit provided by this section shall be claimed by the owners of the permitted entity investor in proportion to their ownership share of the permitted entity investor. Subject to certain restrictions this credit may be transferred to another taxpayer. Contact the Department of Commerce for more information. “Angel investor’’ and ‘‘investor’’ mean an accredited investor who is a natural person or an owner of a permitted entity investor, who is of high net worth, as defined in 17 C.F.R. 230.501(a) as in effect on the effective date of this act, and who seeks high returns through private investments in start-up companies and may seek active involvement in business, such as consulting and mentoring the entrepreneur. “Cash investment” means money or money equivalent in consideration for qualified securities. “Permitted entity investor” means any: a) general partnership, limited partnership, corporation that has in effect a valid election to be taxed as an S corporation under the United States Internal Revenue Code, or a limited liability company that has elected to be taxed as a partnership under the United States Internal Revenue Code; and, b) that was established and is operated for the sole purpose of making investments in other entities. LINES 1 through 6 – Complete the information for the qualified Kansas business and original investor as requested. PART B – COMPUTATION OF CREDIT FOR THIS YEAR’S INVESTMENT LINE 7 – Enter total amount of cash investment made this tax year. LINE 8 – This percentage determines the maximum credit allowable as a result of the investment made during this tax year. Do not make an entry on this line. LINE 9 – Multiply line 7 by line 8 and enter the result. This is the maximum credit allowable. LINE 10 – Partners, shareholders or members: Enter the percentage that represents your proportionate share in the partnership, S corporation, LLC or LLP. All other taxpayers: Enter 100%. LINE 11 – Multiply line 9 by line 10 and enter result. This is your share of the total credit for the amount invested this year. PART C – COMPUTATION OF TOTAL CREDIT CLAIMED THIS TAX YEAR LINE 12 – Enter the carry forward amounts available from prior year’s K-30 schedules and enclose a copy of those schedules. LINE 13 – Add lines 11 and 12 and enter the result. LINE 14 – Enter your total Kansas tax liability for the current tax year after all credits other than the credit allowed for investments made during this tax year. LINE 15 – Enter the lesser of line 13 or line 14. Enter this amount on the appropriate line of Form K-40. PART D – COMPUTATION OF CARRY FORWARD CREDIT LINE 16 – Subtract line 15 from line 13 and enter result. This amount cannot be less than zero. Enter this amount on next year’s Schedule K-30. IMPORTANT: DO NOT send any enclosures with this schedule. A copy of the approved Department of Commerce certification form must be kept with your records. If this is a credit that has been transferred, documentation of the approved transfer as provided by the Kansas Department of Revenue must be retained with your records. The Department of Revenue reserves the right to request additional information as necessary. TAXPAYER ASSISTANCE For assistance in completing this schedule contact the Kansas Department of Revenue: Taxpayer Assistance Center Scott Office Building 120 SE 10th Ave PO Box 750260 Topeka KS 66699-0260 Phone: 785-368-8222 Fax: 785-291-3614 Additional copies of this credit schedule and other tax forms are available from our website at: ksrevenue.org
Extracted from PDF file 2019-kansas-form-k-30.pdf, last modified September 2019

More about the Kansas Form K-30 Corporate Income Tax Tax Credit TY 2019

We last updated the Angel Investor Credit in March 2020, so this is the latest version of Form K-30, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form K-30 directly from TaxFormFinder. You can print other Kansas tax forms here.

Other Kansas Corporate Income Tax Forms:

TaxFormFinder has an additional 73 Kansas income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form K-41 Fiduciary Income Tax
Form K-4 Employees Withholding Allowance Certificate
Form K-59 High Performance Incentive Program Credits
Form K-89 Rural Opportunity Zone Credit Instructions
Form K-120ES Corporate Estimated Tax Payment Vouchers

Download all KS tax forms View all 74 Kansas Income Tax Forms


Form Sources:

Kansas usually releases forms for the current tax year between January and April. We last updated Kansas Form K-30 from the Department of Revenue in March 2020.

Show Sources >

Form K-30 is a Kansas Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Kansas Form K-30

We have a total of seven past-year versions of Form K-30 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form K-30

K-30 Kansas Angel Investor Credit Rev. 8-19

2018 Form K-30

K-30 Kansas Angel Investor Credit Rev. 10-17

2017 Form K-30

K-30 Kansas Angel Investor Credit Rev. 10-17

2016 Form K-30

K-30 Kansas Angel Investor Credit

Credit Schedules 2015 Form K-30

K-30 Angel Investor Credit (Rev. 9-13)

Credit Schedules 2013 Form K-30

K-30 Angel Investor Credit (Rev. 9-13)

Credit Schedules 2011 Form K-30

Angel Investor Credit K-30 (Rev. 8-11)


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