What dates should I use on the corporate return under net worth tax beginning and ending dates?
• Net worth tax is computed on the net worth of the corporation from the ending balance sheet and is due at the beginning of the year for the upcoming tax year. The beginning and ending dates for net worth tax would be one year later than the income tax beginning and ending dates. For example, the income tax beginning and ending dates are 1/1/00 through 12/31/00. The net worth tax beginning and ending dates would be 1/1/01 through 12/31/01.
Related Questions
- Does a corporation have to file a net worth return on Form 600 or 600S even if the corporate income tax portion of the return does not have to be filed?
- What dates should I use on the corporate return under net worth tax beginning and ending dates?
- How do I obtain a Tax Clearance letter for corporate income and net worth taxes?
