Get 2012 Instructions For Form R 6922

The following states require that a state S Election be filed in order to have S Corporation status on the state return: Arkansas (Form AR11003 must be filed) New Jersey (Form CBT-2553 must be filed) New York (Form CT-6 must be filed)

Choose a name. Before you can start your business, you'll need to choose a name. ... Choose a registered agent. ... Choose directors or managers. ... File Articles of Incorporation or Organization with the Louisiana Secretary of State. ... File Form 2553 to apply for S Corp status.

The District of Columbia, New Hampshire, Tennessee, New York City and Texas do not afford special treatment to S corporations. Similarly, Louisiana taxes S corporations as C corporations, but allows an exclusion regarding the portion of income with respect to which Louisiana shareholders pay income tax.

All nonresident partners who were partners at any time during the taxable year and who do not have a valid agreement on file with LDR must be included in the Louisiana Composite Partnership Return (See LAC 61:I. 1401 available on the Department's website, .revenue.louisiana.gov).

Technically an S Corporation is a pass-through entity but Louisiana income tax law does not recognize Subchapter S corporation status.

All nonresident individual partners have a valid agreement on file with the Department of Revenue. The agreement, in the form of an affidavit, must include a statement that the taxpayer agrees to timely file a Louisiana Nonresident Individual Income Tax return and make payment of Louisiana individual income tax.

Any partnership doing business in Louisiana or deriving any income from sources therein, regardless of the amount and regardless of the residence of the partners, must file a Partnership Return of Income, Form IT-565 if any partner is a nonresident of Louisiana or if any partner is not a natural person.

To tell if a company is an S corp or a C corp, you can look at the business tax returns. A C corporation is the standard (or default) corporation under IRS rules. The S corporation is a corporation that has elected a special tax status with the IRS and therefore has some tax advantages.