Not sure if anyone is located in/close to KC, but I have a new client who lives in KC. He has wages and K-1 income from the insurance company he is a shareholder of (S Corp based out of Iowa). I don't see any KC RD-108 forms in his previous two years' tax returns. He had KC taxes withheld from his wages, but it doesn't look like KC taxes have been paid on his K-1 income. Does anyone know if K-1 income earned by a KC resident is subject to KC profits tax?
Thank you!
Thank you!
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