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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
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LLC taxed as C corporation
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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.
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