Form CE-2 Business Taxes Financial Statement - Kansas

What Is Form CE-2?

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.

FAQ

Q: What is Form CE-2?
A: Form CE-2 is a financial statement used by businesses in Kansas to report their income, expenses, and other financial information for tax purposes.

Q: Who needs to file Form CE-2?
A: Businesses in Kansas with gross receipts over $1 million in a calendar year are required to file Form CE-2.

Q: When is Form CE-2 due?
A: Form CE-2 is due on or before the 15th day of the fourth month following the close of the business's tax year. For example, if the tax year ends on December 31st, the form would be due by April 15th.

Q: What information is required on Form CE-2?
A: The form asks for various financial information, including gross receipts, cost of goods sold, operating expenses, depreciation, and other deductions.

Q: Are there any penalties for not filing or filing Form CE-2 late?
A: Yes, there are penalties for both late or non-filing of Form CE-2. The penalty for late filing is $50 per month, up to a maximum of $500. Non-filing penalties can range from 5% to 25% of the tax liability, depending on the length of time the form remains unfiled.