Taxation

What is the Illinois exemption allowance for 2022? $2,425 per person Individual Income Tax Personal Exemption – Effective for tax years beginning on or after, the personal exemption allowance for individuals will increase $50 to $2,425 per person. Read more on www2.illinois.gov If you live in or own a business in Illinois, it is crucial … Read more

Where do I file Form 990 in Georgia? The 990, 990EZ or 990PF should be mailed to Georgia Department of Revenue, P.O. Box 740395, Atlanta GA 30374-0395. We are filing form 990-T with the IRS (unrelated business income tax return). Read more on dor.georgia.gov If you manage a nonprofit organization in Georgia, the Internal Revenue … Read more

Does California require an S Corp election? California does not require new S corporations that have an initial income year of 15 days or less and do not do business during that time to file a return or pay the minimum franchise tax for that period. Read more on www.taxes.ca.gov With a booming economy that … Read more

What is Sedgwick County sales tax? The minimum combined 2022 sales tax rate for Sedgwick County, Kansas is 7.5%. This is the total of state and county sales tax rates. The Kansas state sales tax rate is currently 6.5%. The Sedgwick County sales tax rate is 1%. Read more on www.avalara.com All around the United … Read more

Are legal services taxable in Colorado? Professional services are not taxable in Colorado. Read more on www.wrike.com When dealing with legal issues, both individuals and businesses need legal services. It is complicated to determine whether legal services are taxable in Colorado. Although there are certain exceptions, the general norm in Colorado is that services are … Read more

How does Delaware make money with no sales tax? Delaware. The state’s 8.7% flat corporate income tax rate leads to tax collections that are the fourth highest in the country, and combined with a personal income tax, they help allow Delaware to charge no sales tax. Read more on www.fool.com The state of Delaware is … Read more

You must pay a number of taxes to the state and the federal government as a sole owner in Washington State. These levies include sales tax, business and occupation tax, self-employment tax, and income tax. Each of these taxes will be thoroughly covered in this article, along with an explanation of how sole proprietors in … Read more