Last updated May 30, 2020
Idaho LLC Taxes
Quick Start Guide
This Quick Start Guide is a brief overview of how to form an LLC in Idaho.
Idaho LLC Costs:
Idaho LLC formation: $100
Idaho LLC annual report: $0
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Note: Our tax lesson is not as step-by-step as our 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: https://tax.idaho.gov/i-1132.cfm
The state also offers online filings for taxes:
If you have more questions, you can contact the Idaho Department of Taxation:
208-334-7660 (Boise area)
800-377-3529 (Idaho Relay Service for hearing-impaired)
They can also be reached through their contact page.
Calculating your tax obligations in Idaho can be complicated and if done improperly can negatively impact your LLC.
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.