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Inglewood California online Form 1065: What You Should Know

X. Federal Tax Deductions, Credits and Exemptions, X. State tax deductions, credits and exemptions from the state's withholding tax, and the federal income tax, X. Information Reporting and Certification (for E2F Businesses Only) X. Favorable Tax Treatment of Qualified Education Assistance X. Miscellaneous  Tax Rate for Business (Business Tax) In 2018, the Inglewood City Attorney approved a City Ordinance to increase Business Tax rate for most small business owners to:  1. 4% on new or expanded business and a .5% increase on existing business The following information in the following tables illustrates the impact of this new rate: If you are a new or expanding business, the new rate can make the Tax cost of your business as much as 4,000 greater. The City will provide more details about the implications of this rate decrease after the ordinance is adopted. For existing businesses, the new rate decreases the Tax cost of the Business by approximately the amount shown above. The new rate can add approximately 300 to the Tax cost of an existing business.

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