Idaho LLC Taxes

Note: Our tax lesson is not as step-by-step as our other Idaho LLC formation lessons, due to the uniqueness and variation among businesses. Taxes are usually not as straightforward as forming an LLC, and therefore, the information below is an overview, and not a comprehensive guide.

You will likely need to hire a local tax professional to make sure you meet all your Idaho tax obligations. We recommend using Thumbtack.

Idaho State Taxes

Depending on your industry, where your business is located, how you are taxed by the IRS, and whether or not you have employees, will determine which additional taxes and forms are due.

Some examples of other taxes and forms due are:

• Sales and use tax
• Individual income tax
• Income withholding tax
• Miscellaneous tax (timber, cigarettes, farming, real property, etc.)
• Individual estimated tax
• Partnership and LLC tax
• Motor fuel tax
• Motor carrier fuel tax
• Local taxes
• And more

You can find more information and register with the Idaho State Tax Commission here:
Idaho State Tax Commission: Business Basics Hub

The state also offers online filings for taxes:
Idaho State Tax Commission: Online Services

If you have more questions, you can contact the Idaho Department of Taxation:

• 208-334-7660 (Boise area)
• 800-972-7660 (toll-free)
• 800-377-3529 (Idaho Relay Service for hearing-impaired)

They can also be reached through their contact page.

Our Recommendation

Calculating your tax obligations in Idaho can be complicated and if done improperly can negatively impact your LLC.

We recommend that you get help from a tax professional once your LLC is formed. You can use Thumbtack or Yelp.

Hiring a tax professional will not only help you keep your Idaho LLC in compliance, but it will also give you an advisor to go to for other business questions.

You’ll want someone who’s a good fit for your company, makes you feel comfortable, and is willing to answer all of your questions. It should be someone you like personally as well as professionally. We recommend talking with at least 2-3 people before making your final decision.

Matt Horwitz

Founder & Educator, LLC University®

Matt Horwitz has been the leading expert on LLC education for the past decade. He founded LLC University in 2010 after realizing people needed simple and actionable instructions to start an LLC that other companies weren't offering. He's cited by Entrepreneur Magazine, Yahoo Finance, and the US Chamber of Commerce, and was featured by CNBC and InventRight.
 
Matt holds a Bachelor's Degree in business from Drexel University with a concentration in business law. He performs extensive research and analysis to convert state laws into simple instructions anyone can follow to form their LLC - all for free! Read more about Matt Horwitz and LLC University.