Get L188 Contractor

The L188 Contractor form is essential for businesses operating within the City of Los Angeles, allowing for the accurate reporting of gross receipts and tax calculations. This guide provides step-by-step instructions to assist you in completing the form effectively.

Follow the steps to successfully complete the L188 Contractor form online.

1. Click ‘Get Form’ button to obtain the L188 Contractor form and open it in the editor.
2. Indicate the renewal year at the top of the form. Clearly label the year for which you are reporting your gross receipts.
3. Enter the total gross receipts for your business activities conducted within the city. This figure should reflect the previous calendar year's earnings.
4. Subtract $60,000 from the amount you entered in Step 3. If the result is $60,000 or less, enter the minimum tax amount of $153.00 in the specified column of the Business Tax Renewal Form and skip to the applicable section.
5. If your grand total was greater than $60,000, continue to complete the form. Enter the tax rate amount specific to the L188 Contractor, as indicated.
6. Round up the amount from your earlier calculation in Step 4 to the next highest $1,000. For instance, if your total was $537,461, enter $538.
7. Multiply the rounded amount from Step 6 by the tax rate entered in Step 5. If the relevant column is blank on the Business Tax Renewal Form, ensure you also enter this result there.
8. Enter the minimum tax amount as stated for your category on the form.
9. Add the amounts from Steps 7 and 8, then enter this total in the specified column of the Business Tax Renewal Form.
10. Once all sections are completed and verified, you may save your changes, download, print, or share the form depending on your requirements.

Begin your online process to complete and submit the L188 Contractor form today.