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Business & farm
Keep in mind, that not only will you be filing an entity level state return, the shareholder's may also have a filing requirement depending on the respective states income filing threshold.
To avoid nonresidents from having to file a separate individual tax return, many states allow the pass-through entity to file a composite return on behalf of the nonresidents.
Take a look at this for the state(s) you are filing in to see if this is an option.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
March 5, 2022
7:14 AM
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