Is Virginia a Piggyback State?

Virginia Income Tax Rate 2020 Virginia state income tax rate table for the 2020 – 2021 filing season has four income tax brackets with VA tax rates of 2%, 3%, 5%, and 5.75%. State Returns and Virginia Specifics State returns typically “piggyback” off the federal return. However, if that’s not possible, having some extra time … Read more

Do I Need a Certificate of Status for My LLC in IL?

Requirements for Canceling a Limited Liability Company in California and Illinois: The Certificate of Cancellation is needed to cancel a limited liability company in California. To get a certificate of authority in Illinois, you must register your business with the Illinois Secretary of State. You can check the status of your business’s registration in Illinois … Read more

What Is the Sales Tax in Memphis Tennessee?

Sales Tax Overview Each state can implement its own sales taxes. Sales taxes vary depending on location. There are even city and county rates. State Taxation Policies Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming do not levy a state income tax. Sales Tax Statistics Almost every state has a sales … Read more

How Do I Dissolve an LLC in Idaho?

Consequences of Not Dissolving an LLC The consequences of not dissolving an LLC can be serious. You may be liable for the company’s debts and liabilities. The IRS may pursue you for unpaid taxes. If your LLC is struck off the register, you will no longer be able to conduct business under that name, and … Read more