Nevada LLC Taxes

Nevada LLC Tax Basics

Navigating your Nevada LLC tax obligations doesn’t have to be complicated. We’ll walk you through the essentials of pass-through taxation, explain Nevada’s specific requirements, and highlight strategies to stay compliant and organized. This guide covers everything from federal income taxes to city-specific requirements and filing deadlines.

Use the links below to jump directly to the section you need:

• Nevada LLC Taxes at a Glance
• Understanding LLC Taxation Basics
• Federal Tax Obligations
• Nevada State Taxes
• Local Tax Considerations
• Tax Calendar and Filing Tips
• Tax Strategies for Nevada LLCs
• Forms and Resources

Nevada LLC Taxes at a Glance

Tax Type	Rate	Filing Deadline	Forms Required
Federal Income Tax	10-37% (personal brackets)	April 15, 2025	Form 1040 + Schedule C or Schedule E/K-1
Self-Employment Tax	15.3%	April 15, 2025	Schedule SE
Nevada Commerce Tax	0.051%–0.331% (on gross revenue over $4 million)	August 14, 2025	Form EXC-F025
Nevada Modified Business Tax (if employees)	1.17%	Quarterly	Form TAX-F003
Federal Payroll Taxes (If Employees)	7.65% employer + 7.65% employee (FICA)	Quarterly (April 30, July 31, October 31, January 31)	Form 941
Nevada Unemployment Tax (If Employees)	0.25%–5.4% (new employers: 2.95%)	Quarterly	Contribution and Wage Report (filed via ESS portal)
Federal Unemployment (FUTA)	6% on first $7,000 per employee (0.6% after credits)	January 31, 2026 (annual)	Form 940
State and Local Sales & Use Tax	6.85%–8.375% (combined state and local rate)	Monthly, quarterly, or annually (based on sales volume)	Form REV-F013
Annual List (+ State Business License)	$350	Due by anniversary of LLC formation	Application form

Understanding LLC Taxation Basics

How Nevada LLCs Are Taxed By Default

Your Nevada LLC doesn’t pay taxes itself. Instead, profits flow through to you and your members, who report them on personal tax returns. This is called pass-through taxation.

Here’s how it works:

1. Your LLC earns income from business activities
2. The LLC itself files no tax return (unless you elect otherwise)
3. Profits “pass through” to members based on ownership percentage
4. Each member reports their share on their personal tax return
5. Members pay tax at their individual income tax rates

What this means for you: Unlike corporations, your business profits are only taxed once, which typically saves money.

Tax Classification Options

While pass-through taxation is the default, your Nevada LLC can choose alternative tax treatments:

Default LLC Tax Status:

• Single-member LLC: Taxed as a sole proprietorship
• Multi-member LLC: Taxed as a partnership

Optional Tax Classifications:

• S Corporation: Can reduce self-employment taxes by paying “reasonable salaries”
• C Corporation: LLC pays corporate tax on profits, members pay personal tax on distributions (creates double taxation)

Not sure which tax classification is right for your business? Schedule a free consultation with 1-800Accountant.

Federal Tax Obligations

Income Tax

As a Nevada LLC owner, you’ll report your share of business profits on your personal tax return using:

• Form 1040 + Schedule C (single-member LLCs)
• Form 1040 + Schedule E + Schedule K-1 (multi-member LLCs)

Federal income tax rates range from 10% to 37% based on your tax bracket (actual brackets will depend on inflation adjustments and any tax law changes).

Simply Put: Whatever money your business makes (after expenses) gets added to your personal tax return, just like income from a job.

Self-Employment Tax

LLC members actively involved in the business must pay self-employment tax of 15.3% (covering Social Security and Medicare) on their share of LLC profits.

Key points:

• Applies to net earnings of $400 or more
• Calculated on Schedule SE
• You can deduct 50% of the self-employment tax as an “above-the-line” deduction, which lowers your adjusted gross income

What happens if I miss this payment? The IRS charges penalties of 0.5% per month plus interest. However, first-time mistakes can often qualify for penalty abatement if you have a clean compliance history.

Employment Taxes

If your LLC has employees, you must:

• Withhold federal income tax
• Pay and withhold FICA taxes (7.65% each for employer and employee)
• Pay federal unemployment tax (FUTA)
• File quarterly employment tax returns (Form 941)
• Provide W-2 forms annually

Estimated completion time: 2-3 hours per quarter (significantly less with payroll software or professional help)

Estimated Tax Payments

Because no tax is withheld from your LLC profits, you’ll likely need to make quarterly estimated tax payments using Form 1040-ES. These payments cover both income and self-employment taxes on your share of the business income. Missing deadlines or underpaying can lead to IRS penalties, even if you pay in full later.

Working with an accountant can help ensure accurate calculations, on-time payments, and a smarter overall tax strategy.

Key deadlines:

• April 15
• June 16
• September 15
• January 15

Pro Tip: Set calendar reminders 15 days before each deadline. This gives you time to prepare without the last-minute rush that leads to mistakes.

Nevada State Taxes

Nevada Commerce Tax

If your LLC earns more than $4 million in Nevada gross revenue (not net profit) during the year, you must file a Commerce Tax Return, also called a Gross Receipts Tax Return, with the Nevada Department of Taxation.

Filing requirements:

• Tax rate varies by industry (0.051%-0.331%)
• File using Nevada Form EXC-F025
• Due August 14, 2025

Bottom Line: Your LLC is only required to file a Commerce Tax return if its Nevada gross revenue exceeds $4 million during the fiscal year. If your in-state revenue is below this threshold, do not file this return.

Sales and Use Tax 

If your Nevada LLC sells physical products or certain services:

• Collect 6.85% sales tax (plus any local surcharges)
• Register for a Sales and Use Tax Permit through the Nevada Department of Taxation
• File and pay collected taxes monthly, quarterly, or annually based on sales volume
• Due dates vary based on assigned filing frequency
• Use Nevada Form REV-F013 to file

60-Second Check: Do I Need to Collect Sales Tax?

• Do you sell physical products in Nevada? → If yes, collect tax
• Do you sell digital products? → Generally not taxable
• Do you provide services? → Most services are exempt 
• Do you sell online to Nevada customers? → If yes, collect tax

Services typically exempt from sales tax include:

• Professional services (legal, accounting)
• Personal services (haircuts, fitness training)
• Medical services

Products typically subject to sales tax include:

• Tangible personal property
• Prepared food
• Merchandise

Payroll Taxes 

If you have employees in Nevada, you will be responsible for two types of payroll taxes. 

Unemployment Insurance (UI) Tax 

• Register through the Nevada Employment Security Division 
• New employers pay 2.95% (0.25% to 5.4% afterwards)
• Due quarterly and filed through the ESS portal

Modified Business Tax (MBT)

• Register through the Nevada Department of Taxation
• Rate is 1.17% on wages above the $50,000 threshold
• Due quarterly 
• Use Nevada Form TAX-F003 to file

Annual List and Business License Filing

While not a tax, your Nevada LLC must file an annual list each year (this same filing also renews your state business license). 

• Due by the last day of your LLC’s anniversary month
• $150 annual list fee 
• $200 state business license fee 
• Filed through the Nevada Secretary of State’s SilverFlume portal

Calendar Alert: Set a reminder to ensure you don’t miss this easy but required filing.

Local Tax Considerations

Local Sales and Use Taxes

Nevada allows cities and counties to impose local sales and use taxes in addition to the state rate. 

Cities with local sales taxes include:

• Las Vegas (8.375%)
• Reno (8.265%)
• Henderson (8.375%)
• Sparks (8.265%)

See the state’s map and list of local sales taxes to find out the exact rate for any city or county.

Filing requirements:

• Same return covers both state and local taxes (Form REV-F013)
• File through the Nevada Department of Taxation via My Nevada Tax
• Due monthly, quarterly, or annually based on assigned frequency

Property Taxes

If your LLC owns real property in Nevada, you should know that:

• Rates are set locally and vary by county and city
• Property is assessed annually by the county assessor
• Business equipment is subject to personal property tax
• Some exemptions may apply depending on property type or use

Tax Calendar and Filing Tips

Key Deadlines for Nevada LLCs

January:

• January 15: Final estimated tax payment for previous year
• January 31: Issue W-2s/1099s to employees/contractors

• January 31: Fourth quarter federal payroll tax payment due (state and federal)
• January 31: Fourth quarter Nevada Modified Business Tax due 
• January 31: Fourth quarter Sales & Use Tax return due (if monthly or quarterly filer) 

April:

• April 15: Federal corporate income tax return due ( for calendar-year C corps)
• April 15: First quarter estimated tax payment due 
• April 30: First quarter payroll tax payment due (state and federal)

• April 30: First quarter Nevada Modified Business Tax due
• April 30: First quarter Sales & Use Tax return due (if monthly or quarterly filer)

June: 

• June 16: Second quarter estimated tax due 

July: 

• July 31: Second quarter Nevada Modified Business Tax due
• July 31: Second quarter Sales & Use Tax return due (if monthly or quarterly filer)
• July 31: Second quarter payroll tax payment due (state and federal)

August:

• August 14: Nevada Commerce Tax return due

September:

• September 15: Third quarter estimated tax payment due

October:

• October 31: Third quarter Nevada Modified Business Tax due
• October 31: Third quarter Sales & Use Tax return due (if monthly or quarterly filer)
• October 31: Third quarter payroll tax payment due (state and federal)

Record-Keeping Checklist

Keep these records for at least 7 years:

• Business income records (invoices, receipts)
• Expense receipts and documentation
• Bank and credit card statements
• Asset purchase and improvement records
• Vehicle mileage logs
• Home office documentation
• Payroll records
• Previous tax returns

Tax Strategies for Nevada LLCs

S Corporation Election Benefits

Converting your LLC to an S Corporation for tax purposes can save on self-employment taxes:

1. File Form 2553 with the IRS
2. Pay yourself a “reasonable salary” subject to employment taxes
3. Take remaining profits as distributions exempt from self-employment tax

Example: An LLC making $100,000 in profit pays 15.3% self-employment tax on the entire amount. As an S Corp, if $60,000 is a reasonable salary and $40,000 is taken as distributions, only the $60,000 is subject to employment taxes.

Potential Savings: In this example, you’d save about $6,120 in self-employment taxes.

Business Expense Deductions

Common deductions Nevada LLC owners often overlook:

• Home office deduction
• Business mileage (70¢ per mile for 2025)
• Health insurance premiums
• Retirement plan contributions
• Professional development expenses
• Business meals (50% deductible)

Forms and Resources

Federal Tax Forms

• Schedule C: Profit or Loss From Business (sole proprietors)
• Form 1065: U.S. Return of Partnership Income
• Schedule K-1: Partner’s Share of Income, Deductions, Credits
• Form 1120-S: U.S. Income Tax Return for an S Corporation
• Form 2553: Election by a Small Business Corporation (S Corp)
• Form 8832: Entity Classification Election

Nevada Tax Forms

• Form EXC-F025: Nevada Commerce Tax Return
• Form TAX-F003: Nevada Modified Business Tax Return
• Form REV-F013: Nevada Sales and Use Tax Return

Helpful Resources

• Nevada Department of Taxation
• My Nevada Tax
• Internal Revenue Service
• Nevada Secretary of State 
• Nevada Employment Security Division