What is the business and occupation (B&O) tax? The state B&O tax is a gross receipts tax. It is measured on the value of products, gross proceeds of sale, or gross income of the business. Washington, unlike many other states, does not have an income tax.

Businesses that are subject to excise tax generally must file a Form 720, Quarterly Federal Excise Tax Return to report the tax to the IRS. Many excise taxes go into trust funds for projects related to the taxed product or service, such as highway and airport improvements. Excise taxes are independent of income taxes.

Washington's capital gains tax only applies to individuals. However, individual owners of entities that are pass-through or disregarded entities for federal tax purposes may owe Washington's capital gains tax on gains from sales or exchanges made by such entities.

Some customers are exempt from paying sales tax under Washington law. Examples include government agencies, some nonprofit organizations, and merchants purchasing goods for resale. Sellers are required to collect a valid exemption or resale certificate from buyers to validate each exempt transaction.

If you have employees in Washington, you are required to register for an Unemployment Insurance account with the Washington Employment Security Department by filing a Business License Application (Form 700 028). You will get a 12-digit Employment Security Department account number in the format of 000-123456789.

A Washington tax power of attorney form (Form 42-2446) is a legal document allowing a representative to file an individual's taxes and complete similar tasks with the Washington Department of Revenue. If the taxpayer completes the form properly, the state will recognize the authority they grant.

Washington does not require state income tax withholding on earnings.

No income tax in Washington state Washington state does not have a personal or corporate income tax. However, people or businesses that engage in business in Washington are subject to business and occupation (B&O) and/or public utility tax.

The Washington Supreme Court has long ruled that a statewide graduated income tax in Washington is unconstitutional and, on 10 separate occasions, Washington voters have shot down ballot measures that could have allowed the state to adopt one, ing to the Secretary of State.

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This page includes forms, fees, and instructions for all domestic business entities, foreign and domestic Registered Agents, and Washington Trademarks. This guide will help you file formation documents, get tax identification numbers, and set up your company records.Paperwork, Cost, Time. A homeowners association files Form 1120H as its income tax return to take advantage of certain tax benefits. Withholding Tax Forms for 2017 Filing Season (Tax Year 2016) (Please note the Office of Tax and Revenue is no longer producing and mailing booklets. Businesses that meet certain criteria are required to obtain a City of Bellevue Business License and file and pay applicable taxes. A group return is considered a group of individual returns that meet the New York State tax return filing requirements. The Taxation Section provides current information on federal and state tax issues that directly affect practitioners in Washington. File a Washington state excise tax return. This form explains how much money to withhold for federal income taxes.

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