Wyoming LLC Taxes: The Complete Filing Guide (2025)
Running a limited liability company (LLC) in Wyoming means dealing with taxes at federal, state, and sometimes local levels. This guide simplifies everything you need to know to stay compliant and avoid surprises, from income tax and sales tax to city-specific requirements.
Recommended: Schedule a free consultation with 1-800Accountant to stay on top of your taxes.

Wyoming LLC Tax Basics
Navigating your Wyoming LLC tax obligations doesn’t have to be complicated. We’ll walk you through the essentials of pass-through taxation, explain Wyoming’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:
- Wyoming LLC Taxes at a Glance
- Understanding LLC Taxation Basics
- Federal Tax Obligations
- Wyoming State Taxes
- Local Tax Considerations
- Tax Calendar and Filing Tips
- Tax Strategies for Wyoming LLCs
- Forms and Resources
Wyoming 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 |
Federal Payroll Taxes (If Employees) | 7.65% employer + 7.65% employee (FICA) | Quarterly (April 30, July 31, October 31, January 31) | Form 941 |
Wyoming Unemployment Tax (If Employees) | 0.09%–8.5% | Quarterly | Filed online |
Federal Unemployment (FUTA) | 6% on first $7,000 per employee (0.6% after credits) | January 31, 2026 (annual) | Form 940 |
Sales & Use Tax | 4% (+ up to 5% local tax) | Monthly, quarterly, or annually (based on sales volume) | Form 41-1/Form 42-1 |
Annual License Tax | $60 minimum or $0.0002 per dollar of assets | Anniversary month of LLC formation | Filed online |
Understanding LLC Taxation Basics
How Wyoming LLCs Are Taxed By Default
Your Wyoming 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:
- Your LLC earns income from business activities
- The LLC itself files no tax return (unless you elect otherwise)
- Profits “pass through” to members based on ownership percentage
- Each member reports their share on their personal tax return
- 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.
Time-Saving Tip: If you’re uncertain about your LLC’s tax classification, a tax professional can review your LLC’s tax setup in 30 minutes and help you choose the most tax-efficient option.
Tax Classification Options
While pass-through taxation is the default, your Wyoming 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 Wyoming 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.
Wyoming State Taxes
Wyoming Annual License Tax
Wyoming LLCs must pay an annual license tax based on the value of business assets located in the state.
- Calculated as $60 or $0.0002 per dollar of Wyoming assets (whichever is greater)
- Due on the first day of your LLC’s anniversary month
- File online through the Wyoming Secretary of State’s website
Sales and Use Tax
If your Wyoming LLC sells physical products or certain services:
- Collect 4% sales tax (plus any applicable local taxes)
- Register for a sales and use tax license with the Wyoming Department of Revenue
- File and pay collected taxes monthly, quarterly, or annually based on sales volume
- Due dates vary based on filing frequency
60-Second Check: Do I Need to Collect Sales Tax?
- Do you sell physical products in Wyoming? → 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 Wyoming 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
- Some digital products
Unemployment Insurance (UI) Tax
If you have employees in Wyoming, you will be responsible for paying state unemployment insurance tax on the first $32,400 of each employee’s wages.
- Register with the Wyoming Department of Workforce Services
- New employers are assigned a rate based on their industry classification
- Experienced employers pay between 0.09% and 8.5%
- Due quarterly
Local Tax Considerations
Local Option Sales Taxes
Wyoming allows counties, municipalities, and resort districts to impose additional local sales taxes, which can significantly increase the total tax rate your LLC must collect.
Counties and cities with local sales taxes include:
- Teton Village Resort District (9.0%)
- Casper (6.0%)
- Albany County (6.0%)
- Sheridan County (6.0%)
- Over 15 other counties and municipalities
Filing requirements:
- Local sales taxes are reported together with state sales tax.
- You do not need to register or file separately with any local government.
Property Taxes
If your LLC owns real property in Wyoming:
- Rates vary by locality
- Assessed annually
- May qualify for various exemptions based on business type
- Personal property tax may apply to business equipment
Tax Calendar and Filing Tips
Key Deadlines for Wyoming LLCs
January:
- January 15: Final estimated tax payment for previous year
- January 31: Fourth quarter Wyoming UI tax and wage report due
- January 31: Issue W-2s/1099s to employees/contractors
- January 31: Fourth quarter federal payroll tax payment due
April:
- April 15: Personal tax returns due
- April 15: Federal income and self-employment tax returns due
- April 15: First quarter estimated tax payment due
- April 30: First quarter Wyoming UI tax and wage report due
- April 30: First quarter federal payroll tax payment due
June:
- June 16: Second quarter estimated tax due
July:
- July 31: Second quarter Wyoming UI tax and wage report due
- July 31: Second quarter federal payroll tax payment due
September:
- September 15: Third quarter estimated tax payment due
October:
- October 31: Third quarter Wyoming UI tax and wage report due
- October 31: Third quarter federal payroll tax payment due
Record-Keeping Checklist
Keep these records for at least seven 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 Wyoming LLCs
S Corporation Election Benefits
Converting your LLC to an S Corporation for tax purposes can save on self-employment taxes:
- File Form 2553 with the IRS
- Pay yourself a “reasonable salary” subject to employment taxes
- 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 Wyoming 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
Wyoming Tax Forms
- Form 41-1: Sales and Use Tax Return (monthly/quarterly)
- Form 42-1: Sales and Use Tax Return (annual)
Helpful Resources
Wyoming LLC Taxes FAQs
There are very few disadvantages, but one thing to consider is that forming an LLC in Wyoming just for the tax benefits can backfire if your business operates elsewhere. This is because you would still need to register in the state where you’re actually doing business and follow all local reporting requirements, which can lead to duplicate filings, extra fees, and higher overall compliance costs.
In Wyoming, businesses pay no corporate or personal income taxes. The Wyoming sales tax is only 4%, a maximum local sales tax rate of 5%, has low property tax rates, and does not impose any inheritance or estate taxes. These factors make Wyoming a business-friendly state in terms of taxation.
Yes. Non-residents can open an LLC in Wyoming. You do not need to be a US citizen or resident or even be physically located in the U.S. However, you need to follow state-specific LLC regulations, including choosing a registered agent, filing annual reports, and maintaining a registered office in the state.
You can learn more about how to start an LLC in Wyoming with our guide.
The minimum annual fee for an LLC in Wyoming is $60. The fee is calculated at a rate of 0.0002 (two-tenths of one mill) on the dollar. This fee is associated with the mandatory filing of an annual report license tax, due on the first day of the anniversary month of the LLC’s formation.
Refer to our LLC Taxes guide to learn more about LLC fees and business taxes.
Need Professional Help? While this guide covers the essentials, tax laws are complex and constantly changing. Schedule a free consultation with 1-800Accountant to ensure your Wyoming LLC remains fully compliant while minimizing your tax burden.