Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 02-20-2007, 10:53 AM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,417
Blog Entries: 3
How are LLC's taxed in New Jersey State?

Limited Liability companies are not subject to New Jersey State Income taxes. However, all LLC's are subject to annual filing fees at time of submission of the annual partnership tax return, except in the case of LLC's with fewer than 3 partners, who pay no annual filing fee.

The annual filing fees is equal to $150 x No. of Partners (only in case of more than 2 partners)

Therefore, for 3 partners LLC's the minimum filing fee is $450.00, whereas for 4 partners the annual filing fee would be $150 x 4 = $600.

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.

Last edited by TaxGuru : 03-07-2007 at 10:41 AM.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 03-26-2007, 06:53 PM
Junior Member
 
Join Date: Mar 2007
Location: New Jersey
Posts: 2
Additional Tax for NJ LLC's

New Jersey also forces NJ LLC's to pay the tax for non resident shareholders of the LLC. This withholding tax is then taken as a credit on the non resident members NJ non resident tax return.

The tax paid by the LLC on behalf of the non resident member should be treated as a distribution. on the books of the LLC



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.