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  • 2016 Declaration D-20es Of Estimated Franchise Tax For - Otr Cfo Dc

Get 2016 Declaration D-20es Of Estimated Franchise Tax For - Otr Cfo Dc

2016 D20ES DCE001C Government of the District of Columbia Office of the Chief Financial Officer Office of Tax and Revenue Estimated 2016 D20ES Declaration of for Corporations Franchise Tax Secure.

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The term franchise tax refers to a tax paid by certain enterprises that want to do business in some states. Also called a privilege tax, it gives the business the right to be chartered and/or to operate within that state.

While in most jurisdictions, LLCs with default tax status don't have to pay corporate taxes, in DC, LLCs must pay an annual franchise tax of 8.25%. For LLCs with default status, this tax is called the Unincorporated Business Franchise Tax.

Tax rates. Tax YearRate20218.25%20208.25%20198.25%20188.25%4 more rows

In DC, both LLC/C-Corps and LLC/S-Corps must pay a tax on their net income. This tax is called the “Corporation Franchise Tax”. This tax return (and the franchise tax payment) must be filed and paid by all LLC/C-Corps and LLC/S-Corps, regardless of their gross receipts, net income, or activity levels.

Tax types supported on MyTax.DC.gov. Make a payment using your credit or debit card. A convenience fee of 2.5% will be charged by the credit card processor for each payment. Taxpayers who choose to mail their payments can do so via checks or money orders.

There are two different types of taxes that can be assessed on businesses: corporate income taxes and franchise taxes. The difference is found in looking at what exactly is being taxed. Income taxes apply to profit. Franchise taxes do not apply to profit.

Two major taxes that may apply to your business are corporate income taxes and franchise taxes. The difference lies in what exactly is being taxed -- income taxes apply to profit, while franchise taxes do not -- and who's doing the taxing.

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© Copyright 1997-2025
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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