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Name and Title of Of cer or Legal Representative who the State may call for Additional Information ) Telephone number of Of cer or Legal Representative ( ) Fax ( ) Email A corporation may elect Subchapter S treatment for Arkansas income tax purposes only if it has elected Subchapter S treatment for federal income tax purposes for the same tax year. The Arkansas election, with each shareholder s consent, shall be led with the Director of the Department of Finance and Administra.

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service at 888-366-9552. In the state of Arkansas, every business entity is required to complete an annual report filing. Arkansas requires that you file by May 1st of each year, otherwise you may fall into noncompliance and face fees and penalties.

State Income Tax Filing Requirements To claim any refund due, you must file an Arkansas income tax return. Residents of Ar- kansas must complete Form AR1000. Nonresidents and Part-Year Residents must complete Form AR1000NR.

Federal Self-Employment Tax The current self-employment tax rate is 15.3 percent.

First, the LLC pays corporate income tax on the profit at the 21% corporate rate on its own corporate return....The Basics of C Corp Taxation. Taxable IncomeTax RateAll over $021%

2021 Low Income Tax Tables To qualify for the Low Income Tax Table, you must earn less than $32,200 and if you're married, you must file a joint tax return.

The LLC itself does not pay federal taxes. Instead the revenue from the business is passed through to the LLC's owners, who then report it as income on their personal taxes. The owners of the Arkansas LLC will have their income taxed at the 15.3% federal self-employment tax rate.

Arkansas LLC Cost. Arkansas charges a $45 state fee to form an LLC ($50 by mail). You'll also need to pay $150 every year to file a franchise tax report, and you may have to pay for additional services for your LLC—such as filing a DBA or hiring a professional registered agent.

The LLC itself does not pay federal taxes. Instead the revenue from the business is passed through to the LLC's owners, who then report it as income on their personal taxes. The owners of the Arkansas LLC will have their income taxed at the 15.3% federal self-employment tax rate.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
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
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
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