How To Estimate Tax Return 2015? (Solution found)

How to figure out tax?

  • The simplest way to calculate effective tax rate is to divide the income tax expense by the earnings (or income earned) before taxes. An income statement usually includes tax expense as the last line item before net income. What Is Sales Tax In Economics? Taxes on sales of goods and services are imposed by the government.

How do I calculate my taxes for 2015?

Here’s how to get a transcript:

  1. Order Online. The fastest way to get a Tax Return or Account transcript is through the ‘Get Transcript’ tool available on IRS.gov.
  2. Order by phone. You can also order by phone at 800-908-9946 and follow the prompts.
  3. Order by mail.

How can I estimate my tax refund?

Simple Summary. Every year, your refund is calculated as the amount withheld for federal income tax, minus your total federal income tax for the year.

Can I still get a tax refund from 2015?

Luckily, the answer for you is yes, but the time is limited. Since the original tax deadline date for 2015 was April 18, 2016, you have until this tax deadline to claim your 2015 refund. April 15, 2019 is the last day to claim your 2015 refund. Otherwise, your refund will expire and go back to the U.S. Treasury.

Can you file a 2015 tax return in 2019?

The timely tax filing and e-file deadlines for all previous tax years – 2020, 2019, and beyond – have passed. At this point, you can only prepare and mail in the paper tax forms to the IRS and/or state tax agencies. If you were owed a tax refund for 2017 or earlier, you can no longer claim this refund.

How do you find out what years I didn’t file taxes?

Look Online You can check which years you have or haven’t filed online by going to the ” Get Transcript” <ahref =”http: www.irs.gov=”” individuals=”” get-transcript”=””> </ahref=”http:>page of the IRS website. Supply your date of birth, Social Security number and a street address that matches the IRS records.

How many years can you file back taxes?

The IRS prefers that you file all back tax returns for years you have not yet filed. That said, the IRS usually only requires you to file the last six years of tax returns to be considered in good standing. Even so, the IRS can go back more than six years in certain instances.

How much taxes do I have to pay on $30000?

If you make $30,000 a year living in the region of California, USA, you will be taxed $5,103. That means that your net pay will be $24,897 per year, or $2,075 per month. Your average tax rate is 17.0% and your marginal tax rate is 25.3%.

Can I use Turbotax to estimate 2021 taxes?

When you prepare your 2021 return, we’ll automatically calculate your 2022 estimated tax payments and prepare 1040-ES vouchers if we think you may be at risk for an underpayment penalty next year.

How much tax return will I get if I made $100000?

For example, in 2021, a single filer with taxable income of $100,000 will pay $18,021 in tax, or an average tax rate of 18%. But your marginal tax rate or tax bracket is actually 24%.

Can I file my 2015 taxes in 2020?

You can still file 2015 tax returns File your 2014, 2015, 2016, 2017, 2018, 2019, and 2020 tax returns.

Can you get IRS refund after 3 years?

In most cases, an original return claiming a refund must be filed within three years of its due date for the IRS to issue a refund. Generally, after the three-year window closes, the IRS can neither send a refund for the specific tax year.

How do I file my taxes for last 3 years?

Procedure to file Income Tax Return (ITR) for previous years Income tax return for previous years can be filed through offline and online mode. For offline mode, you have to visit the office of income tax department of your city and have to manually fill income tax return form.

What should I do if I haven’t filed taxes in 10 years?

If you haven’t filed your federal income tax return for this year or for previous years, you should file your return as soon as possible regardless of your reason for not filing the required return.

What happens if you don’t file taxes for 5 years?

Failure to file or failure to pay tax could also be a crime. The IRS recognizes several crimes related to evading the assessment and payment of taxes. Under the Internal Revenue Code § 7201, any willful attempt to evade taxes can be punished by up to 5 years in prison and $250,000 in fines.

Can I still file 2016 taxes in 2021?

With the postponement, individual taxpayers who are due a refund may now file their return for the 2016 tax year no later than May 17, 2021, to claim their money. In addition, FTB has begun contacting more than 448,000 taxpayers who have California income, but did not file a 2019 state income tax return.

Tax Calculator For 2015 IRS Tax Returns. Estimate Your Taxes.

The tax year 2015 corresponds to the calendar year 2015. (January 1 – December 31). You will no longer be able to electronically file your 2015 tax return. To estimate your 2015 Tax Return, please use the 2015 Tax Calculator tool provided below. You will receive an estimated answer on whether or not you owe taxes by following these straightforward steps. Here are the IRS forms for the 2015 Tax Year that you should complete and mail in: Forms for filing your 2015 tax return. The mailing address may be found in the 1040 Instructions, which can be found on the 2015 Forms page.

Learn more about unclaimed tax refunds by visiting our website.

Do you still have to file your 2015 state taxes?

Not many people are aware that they may only file online if they are submitting their taxes for the current tax year.

  1. Tax Forms and Schedules for 2015 are available at eFile.com.
  2. The penalty for not submitting your taxes are more severe than the penalties for failing to pay the taxes you owe.
  3. and is used under license.
  4. owns the trademark H R Block ®, which is a registered trademark of the company.

2015 Tax Calculators to Help Prepare Past Due Tax Returns

The calculations and resources listed below are exclusively for the 2015 tax year; for current tax year calculators and tools, go here. Find solutions to your most pressing personal tax problems without having to go through pages and pages of lengthy and intricate tax documentation. Calculate your 2015 income tax return now to find out how much of a refund you would have received from the federal government (you can no longer claim a 2015 refund) or whether you owe taxes. You’re not sure who qualifies as a dependant, are you?

This tool will also calculate any tax credits that you may be eligible for.

Before you look at the 2015 Tax Forms, use the calculators to get an estimate of what your return will be.

Tax Year 2015 Calculators

Calculators to assist you in preparing your 2015 tax return are provided below. You will no longer be able to collect a tax refund from a 2015 return if you were owed one; make sure to file your return online each year to avoid this happening to you! Sign up for a free eFile.com account to electronically file your current-year tax returns with the Internal Revenue Service and your state. CalculatorDescription and Results for 2015 Make use of this tax calculator before preparing and e-filing your taxes.

Examine your eligibility for the 2015 Earned Income Tax Credit to see whether you qualify. Is it necessary for you to submit a 2015 Tax Return? This tool will assist you in determining the answer to this question. Forms, calculators, payments, and penalties from the previous year

  • Tax forms for prior tax years are also available. Tax calculators for all tax years are available. What to do if you don’t have enough money to pay your taxes
  • Calculate the penalty for paying taxes late.

TurboTax ® is a trademark of Intuit, Inc. and is used under license. HRB Innovations, Inc. owns the trademark H R Block ®, which is a registered trademark of the company.

1040 Tax Calculator (Tax Year 2015)

Enter your filing status, income, deductions, and credits, and we’ll calculate an estimate of your total tax liability for you. Additionally, we can estimate your tax refund or the amount of money you may owe the IRS in April based on your estimated tax withholding for this year. Income Tax Rates in the United States: **TAXTABLE 2015 DEFINITION** Select your file status from the drop-down menu. Depending on your filing status, the income amounts that fall within your Federal tax bracket are determined.

A summary of the five available filing status options is provided in the following table.

Filing Status

Married Filing Jointly If you are married, you are able to file a joint return with your spouse. If your spouse died during the tax year, you are still able to file a joint return for that year. You may also choose to file separately under the status “Married Filing Separately”.
Qualified Widow(er) Generally, you qualify for this status if your spouse died during the previous tax year (not the current tax year) and you and your spouse filed a joint tax return in the year immediately prior to their death. You are also required to have at least one dependent child or stepchild for whom you are the primary provider.
Single If you are divorced, legally separated or unmarried as of the last day of the year you should use this status.
Head of Household This is the status for unmarried individuals that pay for more than half of the cost to keep up a home. This home needs to be the main home for the income tax filer and at least one qualifying relative. You can also choose this status if you are married, but didn’t live with your spouse at anytime during the last six months of the year. You also need to provide more than half of the cost to keep up your home and have at least one dependent child living with you.
Married Filing Separately If you are married, you have the choice to file separate returns. The filing status for this option is “Married Filing Separately”.

According to the Internal Revenue Service, the standard deduction is $12,600 for married couples filing jointly in 2015, $6,300 for married couples filing separately in 2015 and individuals, and $9,250 for heads of household for the year. Dependents A dependant is someone who you are responsible for and for whom you can claim a dependency exemption on your tax return. During 2015, you will be eligible to get a $4,000 decrease in your taxable income for each dependant you claim (see exemptions below).

  • The credit, on the other hand, is tapered off for those with greater salaries.
  • You are entitled to one exemption for yourself, one for your spouse, and one for each of your dependent children or grandchildren.
  • Any sum you report as a short-term capital gain is subject to ordinary income taxation.
  • Any sum you report as a long-term gain is subject to taxation according to the following rules:
  • 0 percent if your ordinary income marginal tax rate is between 10 percent and 15 percent
  • 15 percent if your ordinary income marginal tax rate is between 15 percent and 39.6 percent
  • 0 percent if your ordinary income marginal tax rate is between 10 percent and 15 percent
  • If your regular income marginal tax rate is 39.6 percent, you’ll save 20 percent. Assume that none of your long-term capital gains are from collectibles, section 1202 gains, or unrecaptured 1250 profits in order to use this calculator correctly. Unless you are in a lower income tax band, you will be taxed on these sorts of capital gains at a rate of 28 percent, 28 percent, and 25 percent accordingly.

Profit or loss for a business (Schedule CE subject to self-employment taxes) Any profit or loss recorded on Schedule C is included. If you have any income reported on Schedule E that is subject to self-employment taxes, that income should also be included in this section of the tax return. Profit or loss from a spouse’s company (Schedule CE subject to self-employment taxes) Any income or loss recorded on a spouse’s Schedule C is taxable to the spouse. If your spouse has any income reported on Schedule E that is subject to self-employment taxes, such income should also be included in this section of the tax return.

Generally speaking, this is revenue from any enterprises that the taxpayer considers to be passive activities and that has not been declared elsewhere (for example, do not include income subject to self-employment taxes).

There are a number of exclusions and extra regulations that might have an influence on whether a given company or investment income is subject to the NIIT in a particular situation.

Rentals, royalties, S corporations, and Schedule E income are all examples of passive income (not included above and not subject to NIIT) This includes any revenue from any enterprises that are NOT passive activities for the taxpayer, in which the taxpayer has a substantial role, and that has not been disclosed in any other way (for example, do not include income subject to self-employment taxes).

  1. Unlike ordinary income, this sum is exempt from the 3.8 percent Net Investment Income Tax (NIIT).
  2. Exclusions and other regulations may apply to a specific company or other investment income, and they may have an influence on whether or not it is subject to the NIIT.
  3. Gross income is defined as the sum of all sources of revenue.
  4. Wages, salaries, tips, interest, dividends, and profits and losses from a variety of activities are all included in this category for the majority of taxpayers.
  5. If you itemized your deductions, your adjusted gross income (AGI) is utilized to compute many of the eligible amounts.
  6. Tax This figure is the entire amount of federal income tax you owe for 2015, excluding any tax credits.
  7. This amount is removed from the total amount of tax owed.
  8. Other taxes in total Any extra taxes that you owing for the year 2015 should be included.
  9. Tax bill totalYour total federal tax bill for the year 2015.

Total paymentsThe total amount of all tax payments made in 2015 is shown below. Included in this category are taxes withheld from Forms W-2 and 1099, estimated taxes paid, earned income credit, and any excess Social Security tax deducted from paychecks.

Income Tax

Type of Taxpayer Tax Rate Type of Income Subject to Tax
Resident Individuals 2.40% Compensation, net profits, investments and other incomeCompensation from employment outside the City
Non-Resident Individuals 1.20% All income earned in the City
Businesses 2.00% Corporate income earned in the City, with allocations generally based on property, sales, and payroll
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It is a criminal offense that will result in further financial penalties.

  • Non-compliance with the tax filing and/or payment requirements is a misdemeanor violation. The following are the consequences of noncompliance:
  • The penalty may be a fine of up to $500, imprisonment for not more than 90 days, or both a fine and jail.
  • Interest and penalties are added to the amount of taxes that are already owed.
  • The rate of interest is regulated by the Michigan Department of Treasury. It is possible that this number will vary every six (6) months. More information may be found here. For non-payment, the penalty is one percent each month, up to a maximum penalty of twenty-five percent of the unpaid tax. The following are the penalties for underpayment of tax (delinquency) and for seeking an excessive refund:
  • The penalty is increased by $10 or 10% (whichever is larger) if the underpayment or excessive claim is the result of the employer’s fault. If the underpayment or excessive claim is due to purposeful disregard, the delinquent is assessed at the rate of $25 or 25 percent, whichever is larger
  • If the underpayment or excessive claim is due to fraudulent intent to dodge, the delinquency is assessed at the rate of 100 percent.
  • Taxpayers who make payments equal to or greater than 70% of their estimated taxes owed, or who make payments equal to or greater than 70% of their prior year tax liability, are not subject to interest or penalties if they file for an extension, file their return, pay their final tax within the extended time period, and comply with all other filing and payment requirements set forth by law.
  • The following items are considered to be residents’ income: all salaries, wages and bonuses, commissions and other compensation, net profits from a business or profession, net rental income, capital gains minus capital losses, dividends, interest income, estate and trust income, and other income. Residents’ income is defined as follows: Non-residents:Salaries, wages, bonuses, commissions, or other compensation for services rendered for work done or services performed in Detroit
  • Net rental income from real and tangible personal property located in Detroit
  • Net profit from a business, profession, or other activity as a result of work done, services rendered, or activity conducted in Detroit
  • Capital gains less capital losses from the sale of real or tangible personal property located in Detroit
  • Capital gains less capital

If you are a resident of the City of Detroit, all of your income, regardless of where it was earned, is subject to taxation in the city. If you are not a resident of the City of Detroit, please refer to the instructions for the non-resident return, form D-1040(NR) Schedule N, for further information. If you received military pay, you must provide a copy of your W-2 form to the IRS. Provide a copy of your 1099 if you received a pension, social security, or supplementary security income (SSI). Exemptions for Individuals:

  • Additional $600 if you or your spouse is a member of any of the following organizations:

If your identity has been taken, you must present an identity theft affidavit stamped by the IRS as well as a letter from the IRS stating that your identity has been stolen. It is necessary to file a tax return if you earned taxable income. THE STATE OF MICHIGAN REQUIRES THAT YOU FILE YOUR INDIVIDUAL CITY OF DETROIT INCOME TAX RETURN FOR TAX YEAR 2015 (AND FUTURE YEARS) WITH THE DEPARTMENT OF TAXATION.

Tax Years Individual Business
2014 and prior Filing with City of Detroit Income Tax Filing with City of Detroit Income Tax
2015 Filing with State of Michigan Filing with City of Detroit Income Tax
2016 and beyond Filing with State of Michigan Filing with State of Michigan

You can pay your income taxes to the City of Detroit in one of the following ways:

  • Having taxes from the City of Detroit withheld from your salary. It is recommended that if your company is not currently withholding for City taxes, you contact the City of Detroit Employer Withholding department at (313) 224-4999 and send a check or money order for your tax amount when you file. BEFORE ANY PAYMENTS CAN BE ACCEPTED, YOU MUST FILE YOUR TAXES WITH THE IRS. Making projected tax payments to the State of Michigan on a quarterly basis during the year. The State of Michigan Treasury may assist you with setting up Estimated Payments for 2017. Instructions on how to file may be found on the State of Michigan website.

Are you seeking for someone to:

  • Fill out Form 1040RZ
  • You must have an Approval letter in order to claim this exemption
  • For further information, contact the Renaissance Zone Manager at (313) 224-3053.
  • Do you want to file a claim for an estate or trust? Form 1041ET should only be used if you have the following:
  • Income, deductions, profits, losses, and other items derived from an estate or trust
  • Income that is either stored and retained for future distribution or income that is delivered to beneficiaries immediately
  • Any income tax burden owed by an estate or trust
  • Employment taxes on salaries given to household employees
  • And Net Investment Income Tax are all examples of taxable events that might occur. See Schedule G, line 4, and the Form 8960 Instructions for further information.
  • If you have any further questions concerning filing for Corporations or Partnerships, please contact us at (313) 628-2905
  • If you are searching for other forms or instructions (including those from years before to 2014), please contact us at (313) 628-2905.

Click here to obtain the Income Tax Clearance Application as well as the accompanying instructions. If you would like to know the current status of your Income Tax Clearance Application, please send an email to the following address: According to Section 523(a)(1) of the United States Bankruptcy Code, bankruptcy does not relieve an individual of any tax burden for a tax year if a return was not filed or was submitted late and less than two years have passed since the date of the filing of the petition for bankruptcy.

Refunds must be given out within 45 days of the date on which the return was filed.

After 45 days, the City is required to pay an interest rate that is established by the Michigan Department of Treasury every six (6) months.

For the following circumstances, it is possible that your refund will be refused in full or in part:

  • Because you owe money from earlier tax years, the refund you were expecting was applied to the taxes you owe
  • It’s possible that your refund has expired. Tax-related claims are only valid for four (4) years from the date on which you first paid taxes or the date on which your return was due, whichever is later
  • However, there may be other factors at play. In the event that you have any questions or concerns concerning your refund, you should contact the Taxpayer Assistance Department at (313) 224-3315.

The term “Review” refers to the fact that we will need to spend extra time processing your tax return because we discovered a probable error or other problem with it. This does not necessarily imply that you are being audited. You should email your replies to the tax consultant who is currently working on your tax return if you have been approached for further information. A check of your income tax records has been completed, and it has been determined that you have an insufficient filing history.

You must file a paper return with all of the necessary supporting papers attached.

  • A Review indicates that your tax return will take longer to process because we discovered a probable error or other problem with it
  • Nevertheless, this does not necessarily imply that you are being audited. You should email your replies to the tax consultant who is currently working on your return if you have been approached for extra information. Following a check of your income tax records, it has been determined that you have an insufficient filing history. Electronic filing is not available for the City of Detroit for tax years prior to 2015. You must file a paper return with all of the necessary supporting documents. It indicates the following when you receive a “Notice of Proposed Assessment.”

In order to validate your non-resident status, please supply (1) a copy of your valid state issued photo identification* (front and back), (2) a copy of your deed or lease, and (3) a copy of one of the following to prove that you are not a resident: Utility bills (for the whole year) or a letter from the utility company detailing your service history *Voter history printout from the clerk’s office in the county where you were residing If your state-issued photo ID does not cover the time period in question, you must get a copy of your address history from the Secretary of State or Department of Motor Vehicles office in the state where you were resident at the time of the incident.

Yes.

  • The Income Tax Administrator must receive your written protest within 30 days of receiving the Notice of Proposed Assessment. You can do so by sending an email or sending a letter to the following address:

The Income Tax Administrator for the City of Detroit is located at the Coleman A. Young Municipal Center, which is located at 2 Woodward Avenue in Detroit, Michigan.

  • Once the taxpayer or his or her lawfully authorized representative has been heard, the Income Tax Administrator will provide them with an opportunity to offer facts and arguments in support of their viewpoint. Depending on the merits of your case, the Income Tax Administrator will issue a decision.

Yes. If you disagree with the decision of the Income Tax Administrator, you must do the following:

  • Within thirty (30) days of receiving the Final Assessment letter, make a written notice of appeal to the Secretary of the Income Tax Board of Review by mailing a letter to the following address:

The Board of Review for the City of Detroit’s Income Tax The Coleman A. Young Municipal Center is located at 2 Woodward Avenue in Detroit, Michigan 48226.

  • Among those that make up the Income Tax Board of Review are three individuals:
  • Shannon Smith
  • Michael Wheeler
  • Keisha L. Glenn, Esq.
  • Shannon Smith, Michael Wheeler, Keisha L. Glenn, Esq. Shannon Smith, Michael Wheeler, Keisha L. Glenn, Esq.
  • The taxpayer will be granted an appeal hearing before the Income Tax Board of Review. You have the right to provide evidence that is relevant to your appeal, and you have the option of having a representative speak on your behalf if you so want. The Board consists of three (3) members, and they are responsible for determining whether a Final Assessment should be kept, changed, or overturned.

If you disagree with a judgment made by the Income Tax Board of Review of the City of Detroit, you have thirty-five (35) days from the date of the Board’s ruling to file an appeal with the Michigan Tax Tribunal, which will hear your case. More information may be found here. For those who are dissatisfied with the judgment of the Michigan Tax Tribunal, they can appeal it to the Court of Appeals for the State of Michigan.

  • We have developed a thorough brochure detailing the audit process as well as your rights and responsibilities. Please see below for more information. To obtain a copy of this brochure, please click here. You should have gotten a letter in the mail advising you of the audit. If you did not, please contact us. The contact information for your personal auditor may be found at the bottom of your letter, as well. Make contact with them as soon as possible. A direct channel to your auditor is provided through the telephone number provided. A letter titled “Notice of Proposed Assessment” may be issued by the auditor once the audit is completed. To obtain or file information on someone else’s behalf, please complete and submit the Income Tax Power of Attorney Form available here.

FAQs for Voluntary Withholding

All Detroit citizens, regardless of where they work, are expected to pay the City of Detroit’s tax obligations. Employers in the city of Detroit are obligated by law to withhold income tax for the benefit of the city. In the event that you are a Detroit resident who works outside of the city, voluntary withholding can assist you in meeting your tax responsibilities to the City of Detroit while avoiding late fines and penalties. To set up voluntary withholding, speak with your human resources or payroll representative.

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Employees in Detroit like the ease of having taxes withheld from their paychecks, and it is the most efficient method of paying their tax obligations.

Documents

The EstatesTrusts Extension Application (Form D-1041(EXT)) and the Partnership Return Form (Form D-1065 – Partnership Return Instructions) are both available on the IRS website. Athletes who do not reside in the United States are subject to income tax. Form D-1065(EXT) – Application for Partnership ExtensionForm D-1040 (ES) – Estimated Tax Payment Vouchers Booklet for payments made in 2016Form D-1065(EXT) – Partnership Extension Application

Forms

Form D-W3 – Income Tax Power of AttorneyDSS4 – Withholding Registration Form 15 – Withholding RegistrationD-W3 – Income Tax Power of Attorney Instructions and a letter from Withholding Instructions for the City of Detroit – DSS4

2015 Personal Income Tax Forms

Form D-W3 – Income Tax Power of AttorneyDSS4 – Withholding RegistrationD-W3 – Withholding RegistrationD-W3 – Withholding RegistrationD-W3 – Income Tax Power of Attorney Instructions on how to and from Withholding Instructions from the City of Detroit – DSS4

Corporation Income & Franchise Taxes

Regardless of whether or not they have any net revenue, all corporations and organizations taxed as corporations for federal income tax purposes that receive money from Louisiana sources are required to submit an income tax return with the state.

To qualify for an exemption, corporations that have received a ruling of exemption from the Internal Revenue Service must submit a copy of the ruling to the Department of Revenue.

Rate of Tax

For periods starting before January 1, 2022, companies will be required to pay tax on net income computed at the rates set forth below:

  • Net income is taxed at four percent on the first $25,000, five percent on the following $25,000, six percent on the next $50,000, seven percent on the next $100,000, and eight percent on the excess above $200,000

For fiscal years starting on or after January 1, 2022, companies will be required to pay tax on net income computed at the rates set out below:

  • Tax rates are as follows: three and a half percent on the first $50,000, five and a half percent on the following $100,000, and seven and a half percent on any amount beyond $150,000.

Subchapter S corporations and other pass-through companies who get an acceptance of the Pass-through Entity Tax Election under Louisiana Revised Statutes 287.732.2 will be subject to the following taxation for tax periods starting on or after January 1, 2019:

  • Make a calculation of net income as if they were filing a C-corporation return at the federal level, and
  • Pay tax on net income calculated at the following rates for periods starting before January 1, 2022:
  • In addition, two percent is applied to the first $25,000 of net income, four percent is applied to the following $75,000, and six percent is applied to any excess over $100,000.
  • From January 1, 2022 onwards, pay tax on net income computed at the following rates for periods starting on or after that date.
  • The first $25,000 in net income is taxed at a rate of one and eighty-five hundredths of a percent. On the next $75,000o, three and one-half percent will be applied. A four-and-twenty-five hundredths percent tax is levied on any amount in excess of $100,000.

Date Tax Due

The first $25,000 in net income is taxed at one and eighty-five hundredths of a percent. The next $75,000o will be worth three and a half percent. Over $100,000 in excess, the rate is four and twenty-five hundredths of a percent.

Corporation Franchise Tax

Unless explicitly exempted under the rules of R.S. 47:608, any company or business taxed as a corporation for federal income tax purposes that meets any of the following requirements must file a Louisiana corporate franchise tax return:

  1. Organized by the laws of Louisiana
  2. Qualified to conduct business in this state or currently conducting business in this state
  3. And In this state, exercising or extending the corporate charter is permissible. Possessing or making use of any of the corporate capital, plant, or other property located in this state, whether owned directly or indirectly by or through a partnership, joint venture, or any other business organization of which the domestic or foreign corporation is a related party as defined in R.S. 47:605.1

Established under the laws of Louisiana; qualified to do business in this state or currently conducting business in this state In this condition, you are exercising or maintaining your corporate charter. Owning or using any of the corporate capital, plant, or other property located in this state, whether owned directly or indirectly by or through a partnership, joint venture, or any other business organization of which the domestic or foreign corporation is a related party as defined in R.S. 47:605.1; and

  1. Franchise tax is not applicable to any L.L.C. that is qualified and eligible to make an election to be taxed in accordance with the provisions of 26 U.S.C. Subtitle A, Chapter 1, Subchapter S on the first day of the franchise tax period. Franchise tax is also not applicable to any other entity that was acquired during the period January 1, 2012 to December 31, 2013, by an entity that was taxed pursuant to 26 U.S.C. Subtitle A, Chapter 1, Subchapter

Because an L.L.C. is not regarded to be a corporation for franchise tax purposes for franchise tax periods beginning before January 1, 2017, it is not liable to Louisiana franchise tax for franchise tax periods beginning before January 1, 2017.

Rate of Tax

For periods beginning before January 1, 2023, $1.50 will be paid for each $1,000 or major fraction thereof of capital employed in Louisiana up to $300,000, and $3 will be paid for each $1,000 or major fraction thereof of capital employed in Louisiana in excess of $300,000 for periods beginning before January 1, 2023. For periods starting on or after January 1, 2023, $2.75 per $1,000 or substantial part thereof in excess of $300,000 in capital employed in Louisiana for periods beginning on or after January 1, 2023.

Please refer to the instructions for Form CIFT-620 for more information on the capital employed in Louisiana as well as the computation of tax.

Date Returns Due

Return covering the period beginning with the date the corporation first becomes liable for filing a return and ending with the next close of an accounting period is required to be filed on or before the 15th day of the third month following the date the corporation first becomes liable for filing a return. Initial returns must be filed on or before the 15th day of the third month following the date the corporation first becomes liable.

Annual return: Louisiana corporate franchise tax is accrued on the first day of each accounting year, and the return for that period must be filed on or by the 15th day of the fifth month of that accounting year, whichever is earlier. the top of the page

Declaration of Estimated Tax

According to R.S. 47:287.654, companies are required to pay estimated income tax if the corporation’s income tax, minus any credits, is likely to be $1,000 or more for the taxable year. The 15th day of the next month must be observed if the corporation is obliged to make estimated income tax payments, and the payment must be made in the proportion of that estimated tax that was satisfied during the period in which the estimated tax payment obligation was met:

Date Requirement Was Met Amount Due on 15th Day of the Following Month
4th Month 6th Month 9th Month 12th Month
Before the 1st day of the 4th month of the taxable year 25% 25% 25% 25%
After the last day of the 3rd month and before the 1st day of the 6th month of the taxable year 33⅓% 33⅓% 33⅓%
After the last day of the 5th month and before the 1st day of the 9th month of the taxable year 50% 50%
After the last day of the 8th month and before the 1st day of the 12th month of the taxable year 100%

Recomputation of Estimated Tax

If the taxpayer believes that a fresh estimate is necessary after paying any installment of estimated tax, the payment amounts for the remaining installments may be raised or lowered, depending on the circumstances. The amount required by the new estimate is calculated by calculating the difference between the prior estimated tax amount and the new estimated tax amount, and then dividing that difference by the number of installments that are yet to be paid, as shown in the table below.

Overpayment of Estimated Income Tax Installment

A corporation that pays a tax installment in excess of the correct amount of the installment is permitted to credit the excess payment against the corporation’s unpaid installments, and the excess payment is permitted to be credited or refunded under R.S. 47:287.660, which is found in the Revised Statutes.

Adjustment of Overpayment of Estimated Income Tax

In accordance with Revised Statute 47:287.656, companies may make an application for an adjustment of an overpayment of estimated income tax for a taxable year if they have made an overpayment of estimated income tax in that year. Before filing a tax return, the application must be filed after the end of the taxable year and on or before the 15th day on or before the fourth month after the end of the taxable year. There will be no approval of an application unless the adjustment amount is at least ten percent of the corporation’s projected tax liability and more than $500.

This modification does not need the submission of an application form.

  1. This is the amount of projected income tax that a corporation paid during the taxable year. In the taxable year, the amount that the corporation expects to be its income tax due is calculated. The dollar amount of the modification
  2. Additional important information

If it is found that an application for an adjustment involves major omissions or mistakes, the adjustment will be approved or denied within 45 days of the date on which the application was submitted. As long as the corporation does not owe any other taxes, the secretary may credit the amount of the adjustment against any other tax liability owing by the corporation and refund the remaining amount. If it is later established that the adjustment amount was excessive, a penalty of 12 percent annually of the excessive amount from the date on which the credit was permitted or the refund was issued until the due date for the taxable year will be imposed as a result of the excessive amount.

The excessive amount, for the purposes of the penalty, is the smaller of the amount of the adjustment or the amount by which the corporation’s income tax due exceeds the expected income tax paid during the taxable year, less the amount of the adjustment, whichever is less. the top of the page

Requesting an Extension of Time for Filing a Return

Revised Statute 47:287.614 allows for an extension of time for submitting the combined corporate income and franchise tax return of up to seven months from the day the return is due, but not more than 10 months. All requests for extensions must be submitted online on or before the due date for the return. For calendar year taxpayers, the return is due on May 15th, and for fiscal year filers, the return is due on the 15th day of the fifth month following the conclusion of the taxable year following the close of the taxable year.

A request for an extension should be made in the following manner:

  1. It is possible to request the extensions online using LDR’s web site’s Bulk Extension Filing application or Online Extension Filing application. Filling out an electronic extension request by dialing 225-922-3270 or 888-829-3071 will suffice. For an extension request, pick option3 first, then option2, and finally option1. Alternatively, taxpayers can seek extensions online using tax preparation software that allows the electronic filing of the Louisiana Application for Extension to File Corporation Income and Franchise Tax
  2. Or by mailing a paper request to the Louisiana Department of Revenue.

Payments cannot be made using the LDR’s bulk extension filing application, which is available on the company’s website. Payments can be paid electronically with tax preparation software that provides the option, such as LaTap, or by credit card at Officialpayments.com, which accepts all major credit cards. To send in a check or money order, you must utilize the electronically filed extension payment voucher, Form CIFT-620EXT-V, which must be submitted with your application. Using either the Online Extension Filing program or the Online Payment Voucher application, you may print a voucher for your payment.

Filing an Amended Return

You must file an updated (corrected) Form CIFT-620 if you want to make changes to the amounts stated for the purpose of computing income or franchise taxes. According to Louisiana Revised Statute 47:287.614(C), every taxpayer whose federal return is amended is required to provide a statement identifying the type and amounts of such adjustments within 180 days of the date on which the adjustments were made and accepted by the IRS. This declaration should be included with the updated tax return.

Electronic Filing Mandate

  1. The Secretary of the Treasury has the authority to compel electronic submission of tax returns and reports by administrative rule, as provided in Revised Statute 47:1520. Corporation income and franchise tax returns must be filed electronically, according to Louisiana Administrative Code (LAC) 61:III.1503 and 1505. (Form CIFT-620). When filing a return for income (franchise) taxes, taxpayers must use an electronic filing system for tax periods that begin with:
  • 1/1/2018 (1/1/2019) – if their total assets have an absolute worth equal to or more than $500,000 as of the first day of the year in question
  • If their entire assets have an absolute worth equal to or higher than $250,000 on January 1st, 2019 (January 1st, 2020)
See also:  How To Amend 2019 Tax Return? (Perfect answer)

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2015 Massachusetts Personal Income Tax Forms and Instructions

Open the 1.25 MB PDF file for the 2015 Form 1 – Massachusetts Resident Income Tax Return (PDF) (PDF 1.25 MB) Form 1 Instructions for 2015 are available as a PDF file (786.53 KB) (PDF 786.53 KB) Open the 2015 Schedule HC: Health Care Information PDF file, which is 978.92 KB in size (PDF 978.92 KB) Open the 2015 Schedule HC Instructions PDF file, which is 246.24 KB in size (PDF 246.24 KB) 2015 Schedule HC-CS: Health Care Information Continuation Sheet (PDF, 120.37 KB) is available for download as a PDF file (PDF 120.37 KB) Open the 2015 Schedule X/Y – Other Income and Deductions PDF file (303.53 KB), which contains the information you need (PDF 303.53 KB) Open the 2015 Schedule Z/RF – Other Credits PDF file (364.9 KB), which contains the information you need (PDF 364.9 KB) Open the 2015 Schedule DI – Dependent Information PDF file (332.82 KB), which contains the necessary information (PDF 332.82 KB) Open the 1.17 MB PDF file for 2015 Schedule D-IS – Long-Term Capital Gains and Losses Excluding Collectibles, which contains the information on long-term capital gains and losses (PDF 1.17 MB) Obtain the 2015 Schedule B – Interest, Dividends, and Certain Capital Gains and Losses PDF file (471.64 KB) by clicking on the link below (PDF 471.64 KB) To see the 2015 Schedule D – Long-Term Capital Gains and Losses Excluding Collectibles PDF file, which is 271.24 KB in size, click here (PDF 271.24 KB) Open the 767.92 KB PDF file for Schedule C – Massachusetts Profit or Loss from Business for the 2015 tax year (PDF 767.92 KB) Open the 2015 Schedule CB – Circuit Breaker Credit PDF file, which is 321.7 KB in size (PDF 321.7 KB) Open the PDF file (17.18 KB) containing the 2015 Schedule E Instructions (PDF 17.18 KB) For 2015 Schedule E Reconciliation – Total Supplemental Income and (Loss), open a PDF file measuring 104.18 KB in size (PDF 104.18 KB) Open the 2015 Schedule E-1 – Rental Real Estate and Royalty Income and (Loss) PDF file (73.87 KB), which contains the information for the year 2015.

(PDF 73.87 KB) Open the 2015 Schedule E-2 – Partnership and S Corporation Income and (Loss) (PDF download, 73.23 KB) to see the information (PDF 73.23 KB) Open the 2015 Schedule E-3 – Estate, Trust, REMIC, and Farm Income and (Loss) PDF file (74.24 KB), which contains the information for that year (PDF 74.24 KB) Open the 2015 Form PV PDF file (57.59 KB in size).

Form 1-NR/PY: Massachusetts Nonresident or Part-Year Resident Income Tax Return

Open the 1.57 MB PDF version for the 2015 Form 1-NR/PY – Massachusetts Nonresident/Part-Year Tax Return (Form 1-NR/PY) (PDF 1.57 MB) Form 1-NR/PY Instructions for 2015 are available as a PDF file (797.29 KB) (PDF 797.29 KB) Open the 2015 Schedule HC: Health Care Information PDF file, which is 978.92 KB in size (PDF 978.92 KB) Open the 2015 Schedule HC Instructions PDF file, which is 246.24 KB in size (PDF 246.24 KB) 2015 Schedule HC-CS: Health Care Information Continuation Sheet (PDF, 120.37 KB) is available for download as a PDF file (PDF 120.37 KB) Open the 2015 Schedule X/Y – Other Income and Deductions PDF file (303.53 KB), which contains the information you need (PDF 303.53 KB) Open the 2015 Schedule Z/RF – Other Credits PDF file (364.9 KB), which contains the information you need (PDF 364.9 KB) Open the 2015 Schedule DI – Dependent Information PDF file (332.82 KB), which contains the necessary information (PDF 332.82 KB) Open the 1.17 MB PDF file for 2015 Schedule D-IS – Long-Term Capital Gains and Losses Excluding Collectibles, which contains the information on long-term capital gains and losses (PDF 1.17 MB) Obtain the 2015 Schedule B – Interest, Dividends, and Certain Capital Gains and Losses PDF file (471.64 KB) by clicking on the link below (PDF 471.64 KB) To see the 2015 Schedule D – Long-Term Capital Gains and Losses Excluding Collectibles PDF file, which is 271.24 KB in size, click here (PDF 271.24 KB) Open the 767.92 KB PDF file for Schedule C – Massachusetts Profit or Loss from Business for the 2015 tax year (PDF 767.92 KB) Open the 2015 Schedule CB – Circuit Breaker Credit PDF file, which is 321.7 KB in size (PDF 321.7 KB) For 2015 Schedule E Reconciliation – Total Supplemental Income and (Loss), open a PDF file measuring 104.18 KB in size (PDF 104.18 KB) Open the PDF file (17.18 KB) containing the 2015 Schedule E Instructions (PDF 17.18 KB) Open the 2015 Schedule E-1 – Rental Real Estate and Royalty Income and (Loss) PDF file (73.87 KB), which contains the information for the year 2015.

(PDF 73.87 KB) Open the 2015 Schedule E-2 – Partnership and S Corporation Income and (Loss) (PDF download, 73.23 KB) to see the information (PDF 73.23 KB) Open the 2015 Schedule E-3 – Estate, Trust, REMIC, and Farm Income and (Loss) PDF file (74.24 KB), which contains the information for that year (PDF 74.24 KB) Open the PDF file (80.57 KB) for the 2015 Schedule R/NR – Resident/Nonresident Worksheet by clicking on the link above (PDF 80.57 KB) For 2015 Schedule NTS-L-NR/PY – No Tax Status and Limited Income Credit, open the PDF file (213.69 KB) with Adobe Acrobat Reader (PDF 213.69 KB) Open the 2015 Form PV PDF file (57.59 KB in size) (PDF 57.59 KB)

Massachusetts Income Tax Additional Forms

Open the Privacy Act Notice in PDF format (49.43 KB) (PDF 49.43 KB) File size: 30.73 KB; PDF file: Form COA: Change of Address for Individual Taxpayers (PDF file) (PDF 30.73 KB) To see the 2015 Form 1-ES – 2016 Estimated Income Tax Payment Vouchers, click on the link below to open a PDF file (31.77 KB) (PDF 31.77 KB) Form 1-ES Instructions for 2015 are available as a PDF file (86.49 KB) (PDF 86.49 KB) To view the 2015 Form 2-ES – 2016 Estimated Income Tax Payment Vouchers for Filers of Forms 2, 3M, and M-990T-62 in PDF format, click here (32.45 KB) (PDF 32.45 KB) Form 2-ES Instructions for 2015 are available as a PDF file (84.19 KB) (PDF 84.19 KB) Form M-1310: Statement of Claimant to Refund Due to a Deceased Taxpayer (PDF, 38.99 KB) is available for download (PDF 38.99 KB) Open the PDF file (82.22 KB) for the 2015 Form M-2210 – Underpayment of Massachusetts Estimated Income Tax (underpayment of Massachusetts estimated income tax) (PDF 82.22 KB) Open the 2015 Form M-2210A – Annualized Income Installment Worksheet (PDF file, 76.78 KB) in Adobe Reader (PDF 76.78 KB) Open the PDF file (81.68 KB) for 2015 Form M-2210F – Underpayment of Massachusetts Estimated Income Tax for Fiduciaries (underpayment of Massachusetts estimated income tax for fiduciaries) (PDF 81.68 KB) View and print the 2015 Form M-8379 – Nondebtor Spouse Claim and Allocation for Refund Due (PDF, 55.93 KB) in PDF format (PDF 55.93 KB) Obtain a copy of Form M-4868 – Application for Automatic Six-Month Extension of Time to File Massachusetts Income Tax Return (PDF, 97.31 KB) from the Massachusetts Department of Revenue (PDF 97.31 KB) Click here to open the PDF file (73.86 KB), which contains the 2015 Form M-8453 – Individual Income Tax Declaration for Electronic Filing (PDF 73.86 KB) Obtain the 2015 Form M-8453F – Fiduciary Tax Declaration for Electronic Filing (PDF file, 69.21 KB) by opening the PDF file (69.21 KB) (PDF 69.21 KB) To view the 2015 Form M-8453P – Partnership Tax Declaration for Electronic Filing (PDF download, 69.3 KB), click here (PDF 69.3 KB) Open the 2015 Form M-8736 – Application for Extension of Time to File Fiduciary or Partnership Return PDF file (84.36 KB), which contains the instructions for completing the form (PDF 84.36 KB) Open the 2015 Form M-990T-62 – Exempt Trust and Unincorporated Association Income Tax Return (PDF, 99.07 KB), which is a 99.07 KB file (PDF 99.07 KB) Open the 2015 Schedule C-2 – Excess Deductions Against Trade or Business Income PDF file (68.85 KB), which is available in PDF format (PDF 68.85 KB) Open the 1.17 MB PDF file for 2015 Schedule D-IS – Long-Term Capital Gains and Losses Excluding Collectibles, which contains the information on long-term capital gains and losses (PDF 1.17 MB) Open the 2015 Schedule EC – Solar and Wind Energy Credit PDF file (86.13 KB), which contains the necessary information (PDF 86.13 KB) Download the 2015 Schedule EOAC – Economic Opportunity Area Credit (PDF, 80.33 KB) as a PDF file (80.3 KB) (PDF 80.33 KB) Open the 2015 Schedule H-2 – Credit Recapture PDF file, which is 209.01 KB in size (PDF 209.01 KB) Open the 2015 Schedule H-2 Recapture Offset Worksheet PDF file (70.92 KB), which is available for download (PDF 70.92 KB) For 2015 Schedule LP – Credit for Removing or Covering Lead Paint on Residential Premises, open a PDF file (96.85 KB) in Adobe Reader (PDF 96.85 KB) Open the 2015 Schedule SC – Septic Credit PDF file (119.98 KB in size) (PDF 119.98 KB) Open the 2015 Schedule TDS – Taxpayer Disclosure Statement PDF file (31.36 KB), which is 31.36 KB in size (PDF 31.36 KB) Download the 2015 Schedule FAF – Farming and Fisheries Credit (PDF, 45.7 KB) as a PDF file (PDF 45.7 KB) Open the PDF file (51.72 KB) for the 2015 Schedule RFC – Refundable Film Credit Motion Picture Production Company (Refundable Film Credit Motion Picture Production Company) (PDF 51.72 KB)

2015 Income Tax Forms

Form Title Document
2015 Individual Income Tax Booklet, with forms, tables, instructions, and additional information Form
2015 Nebraska Tax Table Form
2015 Nebraska Public High School District Codes Form
2015 Form 1040N, Nebraska Individual Income Tax Return Form
2015 Form 1040N, Schedules I, II, and III Form
2015 Form 1040N, Conversion Chart for Schedule II Form
2015 Form 1040N, Special Instructions Form

Other Individual Income Tax Forms

Form Title Document
Form 2441N – Nebraska Child and Dependent Care Expenses Form
Form 4797N, 2015 Special Capital Gains Election and Computation Form
Form CDN, 2015 Nebraska Community Development Assistance Act Credit Computation Form
Form 3800N – Nebraska Employment and Investment Credit Computation for All Tax Years View Forms
Form 1040XN, 2015 Amended Nebraska Individual Income Tax Return Form
Form NOL, Nebraska Net Operating Loss Worksheet 1988 through 2016 Form
Form 1040N-ES, 2015 Nebraska Individual Estimated Income Tax Payment Voucher Form
Form 1040N-ES, 2016 Nebraska Individual Estimated Income Tax Payment Voucher Form
Form 2210N, 2015 Individual Underpayment of Estimated Tax Form
Form 1310N, Statement of Person Claiming Refund Due a Deceased Taxpayer Form
Form 1040N-V, 2015 Nebraska Individual Income Tax Payment Voucher Form
Form 1040N-MIL, Election to Exclude Military Retirement Benefits Form
Form Title Document
Form 1041N, 2015 Nebraska Fiduciary Income Tax Return Form
Form 1041N Instructions Form
Form 1041N, Conversion Chart for Schedule III Form
Form 1041N, Conversion Chart for Schedule III (Special Instructions) Form
Form 1041N, Electing Small Business Trust Tax Calculation Worksheet Form
Form 3800N – Nebraska Employment and Investment Credit Computation for All Tax Years View Forms
Form 7004N, Application for Automatic Extension of Time to File Nebraska Corporation, Fiduciary, or Partnership Return Form
Form 4797N, 2015 Special Capital Gains Election and Computation Form
Form CDN, 2015 Nebraska Community Development Assistance Act Credit Computation Form
Form Title Document
Form 1065N, 2015 Partnership Return of Income, with Schedules and Instruction Form
Form 1065N, 2015 Partnership Return of Income, with Schedule I and Schedule ELP Form
Form 1065N, Schedules II and II Form
Form 7004N, Application for Automatic Extension of Time to File Nebraska Corporation, Fiduciary, or Partnership Retur Form
Form 3800N – Nebraska Employment and Investment Credit Computation for All Tax Year View Forms
Form CDN, 2015 Nebraska Community Development Assistance Act Credit Computatio Form
Business Classification Code Form
Form Title Document
Form 1120N, 2015 Nebraska Corporation Income Tax Return, with Schedules and Instructions Form
Business Classification Codes Form
Form 7004N, Application for Automatic Extension of Time to File Nebraska Corporation, Fiduciary, or Partnership Return Form
Form 1120XN, Amended Nebraska Corporation Income Tax Return for Tax Years After 2013 and Before 2017 Form
Form CDN, 2015 Nebraska Community Development Assistance Act Credit Computation Form
Form 3800N – Nebraska Employment and Investment Credit Computation for All Tax Years View Forms
Form 1120N-ES, 2015 Nebraska Corporation Estimated Income Tax Payment Voucher Form
Form 1120N-ES, 2016 Nebraska Corporation Estimated Income Tax Payment Voucher Form
Form 2220N, 2015 Corporation Underpayment of Estimated Tax Form
Form 4466N, 2015 Corporation Application for Adjustment of Overpayment of Estimated Tax Form
Nebraska Corporation Net Operating Loss Worksheet Form
Form Title Document
Form 1120-SN, 2015 Nebraska S Corporation Income Tax Return, with Schedules and Instructions Form
Form CDN, 2015 Nebraska Community Development Assistance Act Credit Computation Form
Form 3800N – Nebraska Employment and Investment Credit Computation for All Tax Years View Forms
Business Classification Codes Form

Financial Institution Tax

Form Title Document
Form 1120NF, 2015 Nebraska Financial Institution Tax Return Form
Form CDN, 2015 Nebraska Community Development Assistance Act Credit Computation Form
Form 3800N – Nebraska Employment and Investment Credit Computation for All Tax Years View Forms
Form 1120NF-ES, 2015 Nebraska Financial Institution Voluntary Estimated Tax Payment Voucher Form
Form 1120XNF, 2015 Amended Nebraska Financial Institution Tax Return Form
Form Title Document
Form 12N, 2015 Nebraska Nonresident Income Tax Agreement Form

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