Washington DC Tax Question-Form D-30

[Michael Garofalo]

Hi everyone,

I am an investor in Washington DC, and currently have a single-member LLC that is treated as a disregarded entity for federal tax purposes. My question pertains to local business taxes in Washington DC. I believe I would be required to file at the local level using form D-30, but only if my LLC's gross revenue exceeds $12,000 for the given tax year. If its gross revenue is less than 12k, it appears I wouldn't need to submit anything based on information I have gathered.

Can anyone who has experience filing business taxes in Washington DC confirm or deny this? And are there any other forms I would need to consider besides D-30 when preparing my taxes next year? For reference my LLC is used purely for buy-and-hold properties.

Thanks!

[Jeremy Stark]

Hi Michael,

Maryland CPA here who has a ton of DC clients. You're correct in that there is no need to file a D-30 if gross receipts are under $12,000. Rentals that gross more than this would be subject to filing the D-30 and paying the minimum tax or more. Otherwise, as a DC resident you'd be filing a D-40 only. Without knowing the circumstances of everything else, hard to advise you if anything else needs to be filed.

Jeremy