This form is a due diligence data summary to be prepared for the company and each of its Subsidiaries in business transactions.
This form is a due diligence data summary to be prepared for the company and each of its Subsidiaries in business transactions.
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The State of Indiana requires you to file a biennial report for your LLC. You can file the report online at the SOS website or file a form (State Form 48725) by mail. The report is due every other year in the anniversary month of your LLC's formation.
If you don't file your Indiana Business Entity Report within 60 days after your due date, your business may be administratively dissolved or revoked. Indiana doesn't charge late fees.
Single-Member LLCs The IRS treats one-member LLCs as sole proprietorships for tax purposes. This means that the LLC itself does not pay taxes and does not have to file a return with the IRS. As the sole owner of your LLC, you must report all profits (or losses) of the LLC on your 1040 tax return.
Indiana is among the states that do not impose a separate tax for LLCs doing business in the state. However, LLCs that choose to be treated as a corporation for tax purposes have to file corporate income taxes. The state will tax the adjusted gross income of your company at a flat rate.
Why Is an Indiana Annual Report Required? Annual reports are required by statute in nearly every state. They provide state agencies with updated information on the entities registered in their state. Your company is required to file annual reports to maintain good standing and continue operating.
All employers must file WH-3s for the amount of state and county income taxes withheld from employees throughout the year. All WH-3s must be filed electronically through the INtax system (IC 6-3-4-16.5). If your business has not yet registered with DOR, a BT-1 form also needs to be filed.
What Kind of Tax Return Do I File? If the only member of the LLC is an individual, the LLC income and expenses are reported on Form 1040, Schedule C, E, or F. If the only member of the LLC is a corporation, the LLC income and expenses are reported on the corporation's return, usually Form 1120 or Form 1120S.
Mail your Form W2s along with Form WH-3 to the following address. Indiana Department of Revenue, P.O Box 6030, Indianapolis, IN 46206-6030.
All employers must file WH-3s for the amount of state and county income taxes withheld from employees throughout the year. All WH-3s must be filed electronically through the INtax system (IC 6-3-4-16.5). If your business has not yet registered with DOR, a BT-1 form also needs to be filed.
In the case that you have elected your LLC to be taxed as a corporation, you'll have to pay the Indiana Corporate Income Tax. The current rate of the Indiana Corporate Income Tax is at 5.25 percent and set to decrease to 4.9 percent by July 2021.