Get Louisiana Form 620 Pdf Fillable Puts Commas At Top Of Numbers Why

1. Qualifying to do business in Louisiana or actually doing business within this state; or, 2. ... suBCHAPTER s CORPORATIONs Louisiana law does not recognize Subchapter S corporation status, and an S corporation is required to file in the same manner as a C corporation.

You can find your Revenue Account Number on any previous mailings from or quarterly filings submitted to the Department of Revenue. Call the Department of Revenue: 855-307-3893.

1.0 -Louisiana collects a state corporate income tax at a maximum marginal tax rate of 8.000%, spread across five tax brackets. There are a total of fifteen states with higher marginal corporate income tax rates then Louisiana.

Is there a $10 minimum amount imposed for corporation franchise tax on the Corporation Income and Franchise tax return? No. Act 476 of the 2009 Regular Legislative Session was amended to repeal the imposition of the $10 minimum franchise tax for corporations.

The LDR number is a seven digit Louisiana State Revenue Department ID number. The number could be issued with up to 13 digits but LDR only requires the first seven digits.

Applying for an EIN for your LLC is free ($0) Applying for an EIN for your Louisiana LLC is completely free. The IRS doesn't charge anything for applying for an EIN.

Rate of Tax $1.50 for each $1,000 or major fraction thereof up to $300,000 of capital employed in Louisiana, and $3 for each $1,000 or major fraction thereof in excess of $300,000 of capital employed in Louisiana. The initial corporation franchise tax is $110.

Important notice: Louisiana recognizes and accepts the federal extension (Federal Form 4868). For most taxpayers, the Federal Form 4868 will extend the time to file until October 15, 2007. You do not need a separate extension for filing your state return, unless you wish to file it after October 15, 2007.

To compute Louisiana tax, you need the Louisiana taxable income, the filing status, and total exemptions. The basic idea is to find the 250-dollar span in which the taxable income lies, take the midpoint of that span, and then separate the midpoint income into parts subject to 2%, 4%, and 6% tax.