This is a legal form that was released by the Kansas Department of Revenue - a government authority operating within Kansas. As of today, no separate filing guidelines for the form are provided by the issuing department.
Q: What is Form K-30?
A: Form K-30 is a tax form used to claim the Angel Investor Credit in the state of Kansas.
Q: What is the Angel Investor Credit?
A: The Angel Investor Credit is a tax credit available to individuals or businesses who invest in qualified Kansas-based startup companies.
Q: Who is eligible for the Angel Investor Credit?
A: Individuals or businesses who make a qualified investment in a Kansas-based startup company may be eligible for the Angel Investor Credit.
Q: What is a qualified investment?
A: A qualified investment is an equity investment made in a qualified Kansas-based startup company, which meets certain criteria set by the Kansas Department of Commerce.
Q: How much is the Angel Investor Credit?
A: The Angel Investor Credit is equal to 50% of the investor's qualified investment, up to a maximum credit of $50,000 per year.
Q: How do I claim the Angel Investor Credit?
A: To claim the Angel Investor Credit, you must file Form K-30 along with your Kansas individual or business tax return. You also need to include the required supporting documentation.
Q: Are there any limitations or restrictions on the Angel Investor Credit?
A: Yes, there are certain limitations and restrictions on the Angel Investor Credit. For example, the credit may not exceed the investor's Kansas tax liability, and the credit cannot be carried forward or refunded.
Q: What is the deadline to file Form K-30?
A: Form K-30 must be filed with your Kansas individual or business tax return by the original due date of the return, which is generally April 15th.
Q: Can I claim the Angel Investor Credit for investments made in previous years?
A: No, the Angel Investor Credit can only be claimed for qualified investments made during the tax year for which you are filing the tax return.
Form Details:
Download a fillable version of Form K-30 by clicking the link below or browse more documents and templates provided by the Kansas Department of Revenue.