Get L188 Vs L288

Completing the L188 and L288 forms is essential for contractors operating in and around the City of Los Angeles. This guide provides clear and step-by-step instructions to help you accurately fill out these documents online.

Follow the steps to complete your forms online

1. Click 'Get Form' button to obtain the form and open it in the editor.
2. For the L188 form, enter the total gross receipts for your business activities in the City on Line 1. Record this amount on the Business Tax Renewal Form next to Fund Class Code L188 in Column D.
3. Subtract $60,000 from Line 1 and input this result on Line 2. If your total gross receipts are $60,000 or less, enter the minimum tax amount of $153.00 in Column H of the Business Tax Renewal Form adjacent to Fund Class Code L188 and skip to the next form if applicable.
4. If your gross receipts exceed $60,000, proceed to complete Lines 3 through 7 on the L188 form as directed.
5. For Line 3, enter the tax rate amount for L188.
6. On Line 4, round up your result from Line 2 to the next highest $1,000 and enter the amount.
7. Multiply the rounded amount from Line 4 by the tax rate from Line 3 and enter the result on Line 5. If Column G is blank on the Business Tax Renewal Form adjacent to Fund Class Code L188, also enter this result in Column G.
8. Document the minimum tax amount for 2011 on Line 6.
9. Add the amounts from Lines 5 and 6, and enter the total on Line 7 and in Column F of the Business Tax Renewal Form adjacent to Fund Class Code L188.
10. For the L288 form, input your total gross receipts from all projects outside the City on Line 1.
11. On Line 2, enter all your total gross receipts from both inside and outside the City.
12. Divide the amount on Line 1 by the amount on Line 2 and enter the result on Line 3 to find the apportioned percentage of outside gross receipts.
13. For Line 4, provide the total compensation paid to employees and consultants for their work performed in the City.
14. Multiply the compensation by the percentage from Line 3 and enter the result on Line 5 and in Column D of the Business Tax Renewal Form next to Fund Class Code L288.
15. Round up the result from Line 5 to the next highest $1,000 and input this amount on Line 6.
16. For Line 7, enter the tax rate amount for L288.
17. Multiply the rounded amount from Line 6 by the tax rate from Line 7, and record this result on Line 8 and in Column F of the Business Tax Renewal Form adjacent to Fund Class Code L288.

Start filing your L188 and L288 forms online today to ensure compliance and timely submission.