Business income tax at Idaho Tax

New document about backup withholding for pass-through entities added to website

Fri, 09 Mar 2012 05:02:24 MST

We added a new document to the Tax Preparers page of the “Tax Professionals” section of our website, called Your Guide to Backup Withholding. The information in this document is for pass-through entities.

Internet shoppers already owe tax, says Idaho State Tax Commission

Mon, 05 Mar 2012 11:05:31 MST

BOISE, Idaho — March 7, 2012 — A lot has been said recently about whether Internet sales should be taxed. But many Idaho consumers who shop online may not know that under Idaho law they already owe use tax, according to the Idaho State Tax Commission. (Read more)

You're cordially invited to attend our monthly Open Meetings

Thu, 26 Jan 2012 04:33:41 MST

We’ve added a new button at the top of our home page for details about our Open Meetings--including schedules, agendas, dates, times, and protocol. You're invited to attend these meetings and comment in person or submit comments in writing if you prefer. Click on the “Open Meetings” button to visit the new page.

Penalty and Interest Estimator added to website

Tue, 13 Dec 2011 03:03:40 MST

We've added a link to our Penalty & Interest Estimator on our website's home page under "Quick Picks." It's to help taxpayers estimate their penalty and interest. Therefore, it can't be used in all circumstances and shouldn't be considered accurate.

The New Business Form PTE-WX and the Form 49E Instructions are finalized for 2011.

Thu, 03 Nov 2011 11:43:19 MST

The new 2011 business Form PTE-WX and the 2011 Form 49E Instructions are available on our website.

New List of 2011 Business Income Tax Forms/Instructions Finalized

Mon, 17 Oct 2011 12:22:22 MST

The following 2011 business income tax forms/instructions are finalized:

Forms/Instructions: 41, 41ESR, 41S, 42, 44, 49E, 65, 66, 72,
72-S, 72-S Instructions, 96, PTE-01, PTE-12, and PTE-12 Instructions.

The form instructions not included with each form are listed separately.

One Individual Form and Two Business Forms Finalized For Tax Year 2011

Tue, 27 Sep 2011 11:44:13 MST

The following forms are now finalized for tax year 2011:

Individual income tax:
Form 43 Idaho Part-Year Resident & Nonresident Income Tax Return

Business income tax:
Form 48-C Idaho Kilowatt Hour (KWH) License Tax Statement For Co-Generator
Form ID K-1 Partner's, Shareholder's, or Beneficiary's Share Of Idaho Adjustments, Credits, ETC.

New Listing of Finalized Individual and Business Forms

Fri, 23 Sep 2011 04:46:55 MST

The following Idaho individual and business income tax forms for 2011 are finalized:

Individual:
Form 39NR (Nonresident/Part-year Resident) Idaho Supplemental Schedule (fill-in pdf)
Form 39R (Resident) Idaho Supplemental Schedule (fill-in pdf)
Form 40 Idaho Individual Income Tax Return (fill-in pdf)

Business:
Form 41ES Quarterly Estimated Tax/Extension of Time Payment (fill-in pdf)
Form 41EST Worksheet for Determining Estimate Payment Amount (fill-in pdf)
Form 67 Credit For Idaho Research Activities (fill-in pdf)

Listing of Finalized Business Tax Form for 2011

Thu, 15 Sep 2011 09:42:33 MST

The following Idaho business income tax forms for 2011 are now finalized.

Form 14 Idaho Water's Edge Election and Consent
Form 47 Idaho Mine License Tax Return
Form 48 Idaho Kilowatt-Hour License Tax Statement
Form 48-CM Idaho Kilowatt-Hour License Tax Statement For Co-Generator (Monthly)
Form 49 Idaho Investment Tax Credit
Form 49C Idaho Investment Tax Credit Carryover
Form 49R Recapture of Idaho Investment Tax Credit
Form 68 Idaho Broadband Equipment Investment Credit
Form 68R Recapture of Broadband Equipment Investment Credit
Form 69 Idaho Incentive Investment Tax Credit
Form 71 Idaho Biofuel Infrastructure Investment Tax Credit
Form 71R Recapture of Idaho Biofuel Infrastructure Investment Tax Credit
Form 83 Idaho Small Employer Investment Tax Credit
Form 83R Recapture of Idaho Small Employer Investment Tax Credit
Form 84 2011 Idaho Small Employer Real Property Improvement Tax Credit
Form 84R Recapture of Idaho Small Employer Real Property Improvement Tax Credit
Form 85 Idaho Small Employer New Jobs Tax Credit
Form 85R Recapture of Idaho Small Employer New Jobs Tax Credit

Tax deadlines extended for Hurricane Irene victims

Mon, 12 Sep 2011 11:14:30 MST

BOISE, IDAHO — Sept. 12, 2011 — The Idaho State Tax Commission is extending tax filing and payment deadlines for taxpayers affected by Hurricane Irene in Connecticut, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Puerto Rico, and Vermont. (Read more)

Tax Commission reopens Idaho Falls office four days a week

Wed, 24 Aug 2011 04:11:44 MST

IDAHO FALLS, IDAHO — August 24, 2011 — The Idaho State Tax Commission has reopened its doors to the public in Idaho Falls. Office hours are 10 a.m. to 3 p.m. Monday through Thursday for walk-in service at 150 Shoup Ave., Suite 16. Taxpayers can get answers to their tax questions, assistance in filling out forms, and more. (Read more)

Tax Commission reopens Pocatello office four days a week

Wed, 24 Aug 2011 04:04:00 MST

POCATELLO, IDAHO — August 24, 2011 — The Idaho State Tax Commission has reopened its doors to the public in Pocatello. Office hours are 9 a.m. to 4:30 p.m. Monday through Thursday for walk-in service at 611 Wilson Ave., Suite 5. Taxpayers can get answers to their tax questions, assistance in filling out forms, and more. (Read more)

Tax Commission reopens Twin Falls office four days a week

Wed, 24 Aug 2011 03:42:31 MST

TWIN FALLS, IDAHO — August 24, 2011 — The Idaho State Tax Commission has reopened its doors to the public in Twin Falls. Office hours are 10 a.m. to 3 p.m. Monday through Thursday for walk-in service at 440 Falls Ave. Taxpayers can get answers to their tax questions, assistance in filling out forms, and more. (Read more)

Tax Commission reopens Coeur d’Alene office, offers limited service in Lewiston

Mon, 22 Aug 2011 04:32:35 MST

COEUR D’ALENE, IDAHO — August 22, 2011 — The Idaho State Tax Commission has reopened its doors to the public in Coeur d’Alene. Office hours are 9 a.m. to 4 p.m. Monday through Friday for walk-in service at 1910 Northwest Blvd., Suite 100. Taxpayers can get answers to their tax questions, assistance in filling out forms, and more. A drop box will remain inside the building entrance for those who just need to drop off a tax payment or correspondence. (Read more)

Liens page makes its debut on website

Wed, 10 Aug 2011 02:16:55 MST

A new page all about Liens has been added to our website. You’ll find a button for this page at the bottom of the blue, left navigation tabs on our agency’s home page (beneath the one for Property Tax).

Voluntary disclosure agreement program for businesses

Thu, 12 May 2011 05:52:17 MST

We’ve added a Voluntary Disclosure Agreement Program page for businesses involved in multistate commerce that want to voluntarily resolve prior tax debts with Idaho.

CORRECTION TO 2010 FORM 49

Mon, 09 May 2011 10:03:28 MST

Line 1c of the 2010 Form 49 shouldn't include the amount of bonus first-year depreciation you claimed on qualified investments placed in service after 2009. Due to the passage of Idaho House Bills 102 and 296 in 2011, Idaho doesn't conform to federal bonus depreciation for property placed in service after 2009. You should enter zero ($0) on line 1c, even if you claimed bonus depreciation on your federal income tax return.

REVISIONS MADE TO THE FORM 49E INSTRUCTIONS

Fri, 08 Apr 2011 01:52:27 MST

The following changes (in red) have been made to the Form 49E Instructions:

On page 1, second column, bullet #2:

September 1, 2010 through December 31, 2010, are assets placed in service during fiscal year ended August 31, 2011. You must have had negative Idaho taxable income for the fiscal year ended August 31, 2009, to elect the QIE on any of these assets.

On page 3, second column, under Qualifying Loss Year:

If you file your income tax returns on a calendar year basis, and you did not have any short period tax years during the previous two years, enter January 1, 2008 to December 31, 2008. If you did not have negative Idaho taxable income for 2008, you cannot make the election on property placed in service during 2010.

Webpage shows Idaho tax rates at a glance.

Wed, 23 Mar 2011 04:28:15 MST

New to Idaho? Visit our Tax Rates and Overview web page for the taxes we administer and their rates.

File business income taxes electronically

Thu, 10 Mar 2011 09:32:53 MST

BOISE, IDAHO — March 10, 2011 — Businesses that want to file their Idaho income tax returns electronically should check out the Idaho State Tax Commission website at tax.idaho.gov. The site features approved software developers who offer electronic filing for Idaho’s corporation, S corporation, and partnership tax returns. To get a list of providers, click on the “Business income tax e-filing” link under “Quick Picks.” (Read more)