If you conducted business in Nevada after July 1, 2015, a new Nevada tax return will need to be filed before August 15, 2016. The initial fiscal year for purposes of this tax is July 1, 2015, through June 30, 2016. All Companies doing business in Nevada are required to file a Commerce Tax Return annually. There is no tax liability as a result of this new tax, however, as long as the Company’s Nevada gross revenue does not exceed $4,000,000 in any fiscal year.
Please contact your MarksNelson professional at 816-743-7700 if have questions about this new filing requirement.