Kitty2327
Level 2
09-04-2020
12:59 PM
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How do C corporation taxed in each state ?
Last year they company was SMLLC and changed it to taxed as C corp this year.
They do touring and earn money in different states? Do i report separately in each state on C corp return on 1120?
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sjrcpa
Level 15
09-04-2020
03:44 PM
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You will file a corporate income tax return in each state. The taxable income will be apportioned among the states using sales factors, and possibly payroll and property factors.
The more I know the more I don’t know.
