Last updated May 30, 2020
Tax Registration & Requirements
Quick Start Guide
This Quick Start Guide is a brief overview of how to form an LLC in Iowa.
Iowa LLC Costs:
Iowa state fee: $50
Biennial Report fee: $45 online or $60 by mail (paid every 2 years)
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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 in Iowa, and therefore, the information below is an overview, and not a comprehensive guide.
You will likely need to hire a tax professional to make sure you meet all your Iowa state and local tax obligations. We recommend using Thumbtack.
Do it yourself in Iowa
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:
- Use tax
- Individual income tax
- Income withholding tax
- Partnership and LLC tax
- Transient tax
- Accommodations tax
- Rental motor vehicle tax
- Tour tax
- Vehicle tax
- Car sharing tax
- Vehicle surcharge tax
- Cigarette and tobacco tax
- Liquor tax
- Fuel tax
- Local taxes
- And more
You can also read this guide from the Iowa Department of Revenue to learn more about the different taxes your LLC might have to pay: https://tax.iowa.gov/starting-business
Calculating your tax obligations in Iowa can be complicated and if done improperly can negatively impact your LLC.
Hiring a tax professional will not only help you keep your Iowa 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.