Income With No Tax
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It s important and the law to file taxes for an llc with.
Income with no tax. No matter your llc tax classification operating at a loss or with no income doesn t preclude you from filing your tax return. Nevada on the other hand doesn t have much in the way of natural resources but it generates enough revenue from tourism to support its government without an income tax. There are a number of oil countries in the middle east that have no income tax and the uae is considered one of the most attractive with a relatively stable government and economy. As of 2020 seven states alaska florida nevada south dakota texas washington.
Everybody wants a lower tax bill. With so much revenue alaska has no need to levy an income tax and the same goes for oil rich countries like oman and qatar. It is possible to file a tax return if you made zero income during the tax year.