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  • La Dor Cift-401w 2022

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Name as shown on CIFT-620 Income Taxable Period Covered Louisiana Revised Statute 47:287.501 provides that an organization described in Internal Revenue Code Sections 401(a) or 501 shall be exempt from income taxation to the extent the organization is exempt from income taxation under federal law, unless the contrary is expressly provided. Accordingly, an exempt organization that has income from an unrelated trade or business and files a Federal Form 990-T with the Internal R.

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Corporation Income and Franchise Tax The new tax rates are 3.5% on the first $50,000 of net income, 5.5% on the next $100,000 of net income, and 7.5% on the excess over $150,000. Also, some provisions of Act 389 of the 2021 Regular Session of the Louisiana Legislature became effective.

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.

The LA Department of Revenue Account Number for the Business can be found on the first page of your Louisiana income tax return, Louisiana sales tax return, or Louisiana employer withholding form. The format for the account # is #######-001 for Partnerships, LLCs, and Corporations.

Withholding Formula (Effective Pay Period 03, 2022) If the Amount of Taxable Income Is:The Amount of Tax Withholding Should Be:Over $0 but not over $12,5001.85%Over $12,500 but not over $50,000$231.25 plus 3.50% of excess over $12,500Over $50,000$1,543.75 plus 4.25% of excess over $50,000 25 Feb 2022

Domestic Corporations – Corporations organized under the laws of Louisiana must file Form CIFT-620, Louisiana Corporation Income and Franchise Tax return, each year unless exempt from both taxes.

Any corporation or entity taxed as a corporation for federal income tax purposes meeting any of the following provisions, unless specifically exempted under the provisions of R.S. 47:608, must file a Louisiana corporation franchise tax return: Organized under the laws of Louisiana.

Louisiana Tax Rates, Collections, and Burdens Louisiana also has a corporate income tax that ranges from 3.50 percent to 7.50 percent. Louisiana has a 4.45 percent state sales tax rate, a max local sales tax rate of 7.00 percent, and an average combined state and local sales tax rate of 9.55 percent.

Partners who are Louisiana resident estates and trusts are required to file Form IT-541 to report partnership income. Partners who are themselves partnerships are required to file all applicable Louisiana tax returns.

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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
LA DoR CIFT-401W
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