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The LLC itself does not pay federal taxes. Instead the revenue from the business is passed through to the LLC's owners, who then report it as income on their personal taxes. The owners of the Arkansas LLC will have their income taxed at the 15.3% federal self-employment tax rate.

Arkansas LLC Cost. Arkansas charges a $45 state fee to form an LLC ($50 by mail). You'll also need to pay $150 every year to file a franchise tax report, and you may have to pay for additional services for your LLC—such as filing a DBA or hiring a professional registered agent.

The LLC itself does not pay federal taxes. Instead the revenue from the business is passed through to the LLC's owners, who then report it as income on their personal taxes. The owners of the Arkansas LLC will have their income taxed at the 15.3% federal self-employment tax rate.

2021 Low Income Tax Tables To qualify for the Low Income Tax Table, you must earn less than $32,200 and if you're married, you must file a joint tax return.

First, the LLC pays corporate income tax on the profit at the 21% corporate rate on its own corporate return....The Basics of C Corp Taxation. Taxable IncomeTax RateAll over $021%

Federal Self-Employment Tax The current self-employment tax rate is 15.3 percent.

State Income Tax Filing Requirements To claim any refund due, you must file an Arkansas income tax return. Residents of Ar- kansas must complete Form AR1000. Nonresidents and Part-Year Residents must complete Form AR1000NR.

service at 888-366-9552. In the state of Arkansas, every business entity is required to complete an annual report filing. Arkansas requires that you file by May 1st of each year, otherwise you may fall into noncompliance and face fees and penalties.