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Level 3
September 4, 2020
Question

LLC taxed as C corporation

  • September 4, 2020
  • 1 reply
  • 18 views

How do C corporation taxed in each state ?

Last year they company was SMLLC and changed it to taxed as C corp this year.

They do touring and earn money in different states? Do i report separately in each state on C corp return on 1120?

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1 reply

sjrcpa
Level 15
September 4, 2020

You will file a corporate income tax return in each state. The taxable income will be apportioned among the states using sales factors, and possibly payroll and property factors.

The more I know the more I don’t know.