LLC fees in Wisconsin
Varies
Are LLC Fees Tax Deductible in Wisconsin?
Short answer: Yes, as a business expense: Wisconsin charges $130 online / $170 paper to form an LLC; ongoing: $25 online / $40 paper annual report. Due by end of the calendar quarter of the formation anniversary.
Annual report fees and state LLC taxes are ordinary business expenses (IRC §162). Formation fees are organizational costs: deduct up to $5,000 the first year and amortize the rest over 15 years (IRC §195, §709).
Records to keep: Keep the state filing receipt, proof of payment, and your LLC's formation and annual report confirmations.
LLC fees in Wisconsin
Varies
General Business
Yes, as a business expense: Wisconsin charges $130 online / $170 paper to form an LLC; ongoing: $25 online / $40 paper annual report. Due by end of the calendar quarter of the formation anniversary.
Business justification
Yes, as a business expense: Wisconsin charges $130 online / $170 paper to form an LLC; ongoing: $25 online / $40 paper annual report. Due by end of the calendar quarter of the formation anniversary. Annual report fees and state LLC taxes are ordinary business expenses (IRC §162). Formation fees are organizational costs: deduct up to $5,000 the first year and amortize the rest over 15 years (IRC §195, §709).
Category
- Tax Write-Off Rules