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Ep. 24: What Triggers Corporate Tax Returns and Annual Returns Filing Requirements

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Shownotes

Our guests today are our very own Tameika Johnson, Corporates and Annuals Supervisor, and Mayra Feregrino, Annual and Corporate Department Team Leader, from the ILSA tax team. Between these two ladies is over a decade’s worth of experience. Tameika assists clients with annual returns and tax filings and is the official leader of ILSA’s tax team, while Mayra has been a great help in making sure everything is executed accordingly. 

This episode is brought to you by:

Insurance Licensing Services of America (ILSA), America’s premier regulatory compliance experts. To learn more visit ILSAinc.com.

For today’s episode, Tameika and Mayra discuss the events that lead to triggering tax returns and annual return filing. They also share their insights on what happens when agencies and businesses don’t file their returns as well as tips for those who plan to file. 

 “When an agency is registered, you are required to file an annual or biennial report.”

Mayra Feregrino

What you’ll learn:

  •  What triggers tax returns and annual return filing requirements?
  • State corporate tax return filing requirements with the Department of Revenue.
  • DOI license cancellation and withdrawal when it comes to winding down a business.
  • What happens when you fail to file annual or biennial tax returns?
  • Are people too lax when it comes to filing tax returns?
  • The SOS and DOR corporate compliance reviews.
  • What are DOR tax registrations?
  • What is the one thing people should consider when filing returns?

Key Takeaways:

  • It is very important for each state to have different forms otherwise it could mess the filings.

Connect with Tameika: