1. Kansas STTC Training - TY2017
Local Intangibles Tax in Kansas for 2018 Using Form 200 for Personal Returns
Do not confuse intangible tax with state income tax
The intangibles tax is a local tax levied on gross household earnings received from intangible property including
Interest from savings accounts
Dividends from stocks (NOT CAPITAL GAINS)
Interest and coupons on bonds
Interest from accounts receivable
Interest from seller-financed mortgages
2018
Kansas STTC Training - TY2017

2. Local Intangibles Tax in Kansas
The following are exempt intangibles income:
Interest from individual and qualified retirement plans
Bonds issued by the federal government
Bonds issued by the State of Kansas and any of its municipal or taxing subdivisions as well as some entities such as hospitals
Kansas STTC Training - TY2017

3. Local Intangibles Tax in Kansas
All Kansas residents receiving intangibles income during 2017 must file a Form 200 for 2018
UNLESS
you live in an area with no intangibles tax
Parts of 54 of the 105 counties in the state as well as any city/township can impose and collect intangible taxes.
Kansas STTC Training - TY2017

4. Local Intangibles Tax in Kansasor
your household calculated tax is less than $5.
The amount of intangibles income that requires the taxpayer to file Form 200 depends upon the amount of total intangibles income and the tax rate for the taxpayer’s location.
Tax rates are as low as 0.75% and as high as %. Local governments set the rate for their locality.
Kansas STTC Training - TY2017

5. Local Intangibles Tax in Kansas
Not Required to File examples:
Local Tax Rate
Intangible Income
Intangibles Tax 3%
$166
$4.98
2.25%
$222
$4.995
0.75%
$666
Kansas STTC Training - TY2017

6. Local Intangibles Tax in Kansas
Check the Instructions for 2018 Local Intangibles Tax Return to find the tax rates for the counties, and any city/township that impose the tax.
Kansas STTC Training - TY2017

7. Local Intangibles Tax in Kansas
The completed Form 200 must be filed by April 15, 2018 with the local County Clerk’s office. Not with your income taxes. The County Treasurer will bill you at a later date, usually in November when property tax bills for 2018 are mailed. The tax must then be paid to the County Treasurer -- half in December 2018 and half in May 2019.
Kansas STTC Training - TY2017

8. Local Intangibles Tax in Kansas
Special Senior Citizen or Disability Exemption
If the taxpayer is 60 or older on or before January 1, 2018, or was disabled or blind during all of 2017, AND the taxpayer’s household income is $20,000 or less,
THEN, the taxpayer has a $5,000 exemption subtracted from their intangibles earnings if total household income is less than $15,000.
Kansas STTC Training - TY2017

9. Local Intangibles Tax in Kansas
Special Senior Citizen or Disability Exemption IF total household income is above $15,000, the exemption is reduced dollar for dollar up to $20,000 and then the exemption is 0. Example: total household income = $18,500. Exemption =($20,000 - $18,500) = $1,500 Since this is for the total household, only one spouse can claim the special intangibles income exemption.
Kansas STTC Training - TY2017

10. Local Intangibles Tax in Kansas
In TaxSlayer, go to State Section, Resident edit
Local Intangibles Tax in Kansas
Form 200 found here
Kansas STTC Training - TY2017

11. Local Intangibles Tax in Kansas
Choose to Open Form 200
Kansas STTC Training - TY2017

12. Kansas STTC Training - TY2017
TaxSlayer does not show the actual form during entry of info,
but it does, however, pull in personal info for the taxpayer.
Kansas STTC Training - TY2017

13. Local Intangibles Tax in Kansas
--Select --
May need an entry here.
Not applicable for individuals
--Select --
CAUTION: Enter any additional income received above the FAGI amount from Ln 37, Form See the Work Around for details.
Kansas STTC Training - TY2017

14. Local Intangibles Tax in Kansas
Work Around Details for Additional Income Above FAGI:
Other income above FAGI must be gathered by the volunteer counselor, summed up, and entered on the Local Intangibles Tax Return (Form 200) screen. Income sources details below are directly from the instructions for Form 200:
Kansas STTC Training - TY2017

15. Local Intangibles Tax in Kansas
TaxSlayer DOES NOT pull any of the PART 1 -- Intangible Earnings from the federal or state information.
Local Intangibles Tax in Kansas
Kansas STTC Training - TY2017

16. Local Intangibles Tax in Kansas
TaxSlayer DOES NOT pull any of these intangible earnings from the federal or state information.
Local Intangibles Tax in Kansas
LINE 4, Form 200
LINE 5, Form 200
LINE 6, Form 200
LINE 7, Form 200
LINE 8, Form 200
Enter all amounts applicable for the taxpayer’s household.
LINE 9, Form 200
LINE 10, Form 200
Kansas STTC Training - TY2017

17. Local Intangibles Tax in Kansas
TaxSlayer DOES sum all of the PART 1 -- Intangible Earnings entered and puts the total on Lines 11 and 15.
Local Intangibles Tax in Kansas
TaxSlayer WILL, if applicable calculate the SPECIAL SENIOR CITIZEN OR DISABILITY EXEMPTION in PART II.
Kansas STTC Training - TY2017

18. Local Intangibles Tax in Kansas
Finishing Form 200
The form will be printed as the last part of the taxpayer’s total printout.
Separate the completed form from the printout and review it with the taxpayer. The taxpayer(s) needs to sign the form.
Print a second copy for the taxpayer’s records.
Give the Work Around Sheet to the taxpayer.
Follow your site’s procedures for filing the form with the County Clerk.
Kansas STTC Training - TY2017

19. Kansas STTC Training - TY2017
Now it’s YOUR turn…
Questions?
Comments?
Concerns?
Kansas STTC Training - TY2017