What is a DC 30 form?

D-30ES, Declaration of Estimated Franchise Tax for Unincorporated Business An unincorporated business must file a declaration of estimated franchise tax if it expects its DC unincorporated business franchise tax liability to exceed $1000 for the taxable year.

Who must file a D-30?

“Any non-resident taxicab/limo driver who operates a motor vehicle for hire in the District must file a Form D-30. The filing of the D-30 is a requirement for operating or continuing to operate a motor vehicle for hire in the District by a non-resident.”

What is unincorporated business tax DC?

Net income of unincorporated businesses on a combined reporting basis with gross receipts more than $12,000….Tax rates.

Tax Year Rate
2019 8.25%
2018 8.25%
2017 9.0%
2016 9.2%

What is DC apportionment factor?

District of Columbia Sales Factor Apportionment – Market-Based Sourcing for Sales of Services and Intangibles – For taxable years beginning after December 31, 2014, sales other than sales of tangible personal property, are sourced to D.C. if the taxpayer’s market for the sales is in D.C. (Market-Based rule).

Does DC allow bonus depreciation?

DC does not allow the bonus depreciation deduction nor any additional IRC §179 expenses. Do not claim the 30, 50, or 100 percent federal bonus depreciation deduction or the additional IRC §179 expenses on your DC return.

What is the income tax rate in Washington DC?

Tax rates.

If the taxable income is: The tax is:
Not over $10,000 4% of the taxable income
Over $10,000 but not over $40,000 $400, plus 6% of the excess over $10,000.
Over $40,000 but not over $60,000 $2,200, plus 6.5% of the excess over $40,000.
Over $60,000 but not over $350,000 $3,500, plus 8.5% of the excess over $60,000.

Does DC recognize S corporations?

DC does not recognize the federal S corporation election and does not require a state-level S corporation election. You can still have an S corporation in DC. The S corporation will only be an S corporation for federal tax purposes and not for state tax purposes.

Who pays DC franchise?

However, the District of Columbia levies a franchise tax at the current rate of 8.25% on unincorporated businesses, who are required to calculate and pay the tax directly as if they were corporations.

Does DC allow NOL carryforward?

DC does not allow NOL carry backs. For District tax purposes, a discharge of indebtedness results in income that is includible in gross income.

What is included in property apportionment?

The property factor of the apportionment formula shall include all real and tangible personal property, including construction in progress, which is owned or rented by the taxpayer during the tax period.

Does Maine allow bonus depreciation?

Over the years, Maine law has provided various levels of conformity with federal section 179 expense and bonus depreciation laws. For tax years after 2010, Maine law is in full conformity with IRC § 179, but adjustments are necessary on the Maine income tax return with respect to federal bonus depreciation.

When to print District of Columbia form D-30?

Please use the link below to download 2020-district-of-columbia-form-d-30.pdf, and you can print it directly from your computer. We last updated District of Columbia Form D-30 in April 2021 from the District of Columbia Office of Taxpayer Revenue. This form is for income earned in tax year 2020, with tax returns due in April 2021.

What do you need to file Form D-30?

Who must file Form D-30? Generally, an unincorporated business, with gross income (Line 10) activities more than $12,000 from District sources, must file a D-30 (whether or not it has net income). This includes any business carrying on and/or engaging in any trade, business, or commercial activity in DC • with income from DC sources.

How to file a D-30 unincorporated business tax return?

Form FR-130 Extension of Time to File a DC Unincorporated Business Return 49 Form D-30 NOL Net Operating Loss Deduction for Tax Years 2000 to 2017 51 Form D-30 NOL Net Operating Loss Deduction for Tax Years 2018 and Later 53 15 Day Notice of Bulk Sale Requirement 55 Need assistance? Back Cover

What is the minimum tax for DC D-30?

The filing of the D-30 is a requirement for operating or continuing to operate a motor vehicle for hire in the District by a non-resident. Minimum Tax The minimum tax is $250 if DC gross receipts are $1M or less.