You do not need to file income taxes for an LLC in Nevada because the state does not have a corporate tax. However, you must collect and pay sales taxes and file and pay federal taxes with the IRS. There are also annual documents and fees that you must submit to the Nevada...
As Nevada has no state income tax, there is no tax rate on alimony. However, the federal government wants their cut. Before 2019, spousal support was tax deductible. This is no longer true, thanks to the Tax Cuts and Jobs Act (TCJA). Unfortunately, the federal government...
There is no corporate income tax in Nevada. However, there is a gross receipts tax on your consulting services and a few other tax obligations that business owners need to understand. As a consultant working in Nevada, it's important to be aware of the state's tax laws. Knowing...
Nevada doesn't have an inheritance tax! That's right, there is no inheritance tax imposed in the state of Nevada. If you're a Nevada resident or planning on leaving property behind in the state after your death, you won't be subject to any additional taxes based on who inherits...
The MBT in Nevada ranges from 1.17% for general businesses. Financial institutions and mining companies pay a slightly higher MBT, at 1.554%. The Modified Business Tax (MBT) is an essential tax for companies in the State of Nevada. It is a gross receipts tax that applies to all...
Cannabis users in Nevada pay a 10% excise tax and a 6.85% sales tax. If the user is a patient and the product is for medical purposes, then the excise tax is waived as long as the patient has their card. However, you should know a ton of other information about cannabis in...
Nevada does not charge capital gains tax on the state level. Investors in Las Vegas, Nevada, can rejoice knowing that the state does not charge capital gains tax. This means that any profits made from the sale of investments, such as stocks or real estate, are not subject to...
To calculate your Nevada property tax for the year, multiply the assessed value by the tax rate. Nevada taxes vary from area to area. While federal and state will be the same for everyone, certain counties and cities impose their own taxes on citizens. The purpose of this is...
Nevada has many tax benefits, most notably the lack of state income tax. If you own property, though, you may be able to get some relief from capital gains taxes on the sale of your main home as well as taking advantage of some of the country's lowest property taxes. If you're...
The easiest way to get a Nevada tax ID number is to apply on the Nevada Tax Center website. You'll be required to fill out an application, but the process is straightforward. Starting a new business can be a bit scary if you've never done it before. But Nevada wants more...