LLC taxes and fees The following are taxation requirements and ongoing fees for Washington LLCs: Annual report. Here's some of filing requirements as listed in the DC tax instructions: You do not need to file a current year DC Individual Income tax return if: • You were not required to file a federal income tax return. Subsequent biennial reports are due on April 1 each second calendar year thereafter. Form D-40EZ is no longer available for use for Tax Year 2019 and later. By David M. Steingold, Contributing Author. Had self-employment income greater than $400. The first report must be filed on or before April 1st of the second year following incorporation. An EIN number must be obtained, your LLC must be registered with the DC Office of Tax and Revenue, and you must have received a Home Occupation Permit or Certificate of Occupancy. Head of household: 5.1. If your LLC meets one or more of the following conditions: Doing business in California; Registered with the SOS; Then your LLC must: Pay the $800 annual tax By the 15th day of the 4th month after the beginning of the current tax year. In addition to the forms available below, the District of Columbia offers several electronic filing services that make tax-filing fast and secure, while also providing a faster turnaround time for your refund. If your LLC will sell goods to customers in District of Columbia, you will need to collect and pay sales tax. Annual Registration Fee. See Publication 225. DC requires corporations to file a biennial report. However, for federal tax purposes, the IRS just treats your LLC like either a Sole Proprietorship or a Partnership so they can collect tax revenue. This extension is automatic and does not require taxpayers to apply. LLC Tax and Filing Requirements: 50 State Guide If you own a limited liability company (LLC), you will want to know your state's rules about LLC reporting and tax filing requirements. You will need to have the Adobe Reader software installed to access them (available FREE from the 'Adobe Reader download page on Adobe's Web site' 'http://get.adobe.com/reader/'). Under District of Columbia law, an LLC name must contain the words “Limited Liability Company” or the abbreviation “L.L.C.” Your LLC’s name must be readily distinguishable from the names of other business entities already on file with the District of Columbia Corporations Division of the Department of Consumer & Regulatory Affairs (DCRA). The Articles of Organization is the legal document that officially creates your DC LLC. Electronic filing software is available that lets you file both your federal and state returns together. Here's some of filing requirements as listed in the DC tax instructions: You do not need to file a current year DC Individual Income tax return if: • You were not required to file a federal income tax return. In other words, the responsibility for paying federal income taxes passes through the LLC itself and falls on the individual LLC members. For more information, please contact the Office of Tax and Revenue (OTR) at 202-727-4829 or otr.cfo.dc.gov Show Proof of Unemployment Tax Compliance For contracts exceeding $100,000, vendors must show proof of current Unemployment Tax payments. According to the DC code (the language is listed below), an entity that 80% or more of its gross income comes from professional fees does not need to file D-30. There is no set of tax rules that specifically apply to LLCs; the IRS allows the LLC to use partnership, corporate or sole proprietor tax rules. The District of Columbia requires you to file a biennial report for your LLC. This choice is made by filing IRS Form 2553 with the IRS. 6. File Biennial Reports.
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