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  • Louisiana Cift 620 Instructions 2019

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Organizations, and homeowners associations. CONSOLIDATED GROUPS Louisiana law does not provide for filing consolidated returns. Generally, separate corporate income and franchise tax returns must be filed by all corporate entities liable for a Louisiana tax return. SUBCHAPTER S CORPORATIONS Louisiana law does not recognize Subchapter S corporation status. An S corporation is required to file in the same manner as a C corporation. However, in certain instances, all or part of the corp.

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WHO MUST FILE? DOMESTIC CORPORATIONS – Corporations organized under the laws of Louisiana must file an income and franchise tax return (Form CIFT-620) each year unless exempt from both taxes.

An entity shall make the election on Form R-6980, Tax Election for Pass-Through Entities and the form shall be submitted to the Department of Revenue by email to Section 732.2 election@la.gov.

4 percent upon the amount of Louisiana taxable income above $25,000 but not in excess of $100.000; and c. 6 percent upon the amount of Louisiana taxable income above $100,000. 2. For taxable periods beginning on or after January 1, 2022, the income of entities that make the election under LA R.S. 47:287.732.

You can apply to obtain Louisiana sales tax exemption by filing form R-1048, the Application for Exemption from Collection of Louisiana State Sales Tax with the Louisiana Department of Revenue.

The pass-through entities that can elect to pay this tax are S corporations, general partnerships, limited liability companies taxed as partnerships, limited liability partnerships or limited partnerships.

Corporations, and limited liability companies that elect to be taxed as a corporation, are not pass-through entities.

Pass-Through Entity (PTE) Election Under the statute, an S corporation or entity taxed as a partnership for federal income tax purposes may elect to be taxed for Louisiana income tax purposes as if the entity had been required to file an income tax return with the IRS as a C corp.

FOREIGN CORPORATIONS – Corporations organized under the laws of a state other than Louisiana that derive income from Louisiana sources must file an income tax return (Form CIFT-620), whether or not there is any tax liability.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232