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Louisiana Corporate Tax Returns Due May 15th

by Matthew Person on March 1, 2017

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Who Must File:

All corporations and entities taxed as corporations for federal income tax purposes deriving income from Louisiana sources, whether or not they have any net income, must file an income tax return.

Corporations that obtain a ruling of exemption from the Internal Revenue Service must submit a copy of the ruling to the Department to obtain an exemption.

Rate of Tax

Corporations will pay tax on net income computed at the following rates:

  • Four percent on the first $25,000 of net income
  • Five percent on the next $25,000
  • Six percent on the next $50,000
  • Seven percent on the next $100,000
  • Eight percent on the excess over $200,000

Tax Due Dates

For taxable periods beginning on or after January 1, 2016 returns and payments are due on or before the 15th day of the fifth month following the close of an accounting period (May 15 for a calendar year). For prior periods, returns and payments are due on or before the 15th day of the fourth month following the close of an accounting period ( April 15 for a calendar year).

Person Huff CPA makes Corporate Tax filings a cinch – contact us today to get started with your return.

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