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KS online Form 5498: What You Should Know
How do I report this amount as income? You will need to enter Form 5498 on line 30 of Schedule C, Line 31 and make entries for each spouse. This schedule will automatically include the 20 box. If I am a student, will the IRS still take my earnings from my business? Yes, you must enter your non-business earnings on line 7. My business and I operate jointly. Will this tax affect the other? The business account holder will have a 1099-S for the year the business is active. However, they do not automatically file a 1099-MISC with their business since they are self-employed. What must I do with my Form 5498 and Form 4668 for tax year 2016? If you are a Kansas resident or a nonresiding Kansas taxpayer, please bring all forms to the address below: Kansas Department of Revenue Attn.: Business Tax Return Filing 101 N. 11th St. Topeka, KS 66062 If you are a self-employed Kansas taxpayer, please bring all forms to the address below: Kansas Department of Revenue Attn.: Self-Employment Services 300 W. 5th St., Topeka, KS 66613 What happens if I file my income tax return using a service not listed above? If you file your income tax return using a Kansas business e-file, or online service that is not listed above, please bring the forms listed above plus IRS. Form 5664.pdf and IRS Form 5498-SA (Information Only). What happens if I am unable to file your tax return online? Our Kansas resident residents can download a free tax return to English and a free tax return to Spanish on the following page: Tax Return Service Download Instructions We can also help with non-English speakers.
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