title>Tax Guru-Ker$tetter Letter Wizard Animation

                 

Tax Guru-Ker$tetter Letter
Sunday, May 26, 2002
 
Arkansas Corporations

All corporations operating inside Arkansas are required to file an annual franchise tax report. The form is very simple, just asking for the names of corporate officers and the number of shares of stock. The fee for most corporations is the basic $50. Most of my clients prepare their own, while some still prefer that I do it.

It is normally due in to the Secretary of State's office by June 1. However, as with almost all tax deadlines, the actual due date this year is Monday, June 3 because June 1 is a Saturday.

The form (which erroneously says it's due June 1) and instructions can be downloaded as pdf or can be completed and filed online.

There is an extra convenience fee for filing online. I've noticed that a lot here in Arkansas; convenience fees for paying fees and taxes by mail or online. It seems a little unfair, since these methods are also much more convenient and efficient for the bureaucratic tax collectors.

KMK

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