Idaho Tax Commission Issues Information on Income Tax for S Corporations

The Idaho Tax Commission issued information outlining the income tax for S Corporations. The document provides comprehensive guidelines for S corporations doing business in Idaho, including filing requirements, exemptions, tax rates for 2024 and previous tax years, specific procedures for nonresident individual shareholders, and information on amended returns, extensions, penalties, and where to file. [Idaho Tax Comm’n, Income Tax for S Corporations, 12/01/24]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.