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This document serves as a tax return for nonresident professional athletes forming a composite return for their income tax in Louisiana. It includes options for calculating tax dues and any applicable

How to fill out louisiana nonresident professional athlete

How to fill out LOUISIANA NONRESIDENT PROFESSIONAL ATHLETE TEAM COMPOSITE INCOME TAX RETURN

1. Obtain the Louisiana Nonresident Professional Athlete Team Composite Income Tax Return form from the Louisiana Department of Revenue website.
2. Fill in your personal details including name, address, and Social Security number.
3. List the team or teams you played for in Louisiana during the tax year.
4. Report your gross income earned from those teams in Louisiana.
5. Calculate your Louisiana-source income, deducting any allowed expenses.
6. Apply the appropriate tax rate to your Louisiana-source income to determine your tax liability.
7. Make any necessary adjustments for credits or prepayments.
8. Sign and date the return, then submit it to the Louisiana Department of Revenue by the deadline.

Who needs LOUISIANA NONRESIDENT PROFESSIONAL ATHLETE TEAM COMPOSITE INCOME TAX RETURN?

1. Professional athletes who are nonresidents and have earned income from teams based in Louisiana.
2. Athletes who participate in games or events in Louisiana and receive compensation for their services.

People Also Ask about

Which states allow composite returns?

The following state composite partnership returns are offered in Lacerte: AL, CO, CT, DE, GA, ID, IN, KY, LA, MA, MN, MT, ND, OH, OK, VT, WV.

Does Louisiana allow composite tax returns?

Louisiana Revised Statute 47:201.1(F)(4) requires the electronic filing of all composite partnership returns. If tax credits are claimed on the composite return: • ALL nonresident partners must be included on the return and on Schedule of Included Partner's Share of Income and Tax.

What is form R 6180?

• A completed Form R-6180, Net Capital Gains Deduction Worksheet. • A copy of the K-1 from the entity from which the gain derived. • A complete copy of the Federal Form 1040 for the period in which the gain was recognized. (Please be sure to include the Schedule D and any corresponding schedules.)

Do professional athletes get taxed where they play?

History. While "jock taxes" date to the 1960s, states started aggressively taxing the income of non-resident athletes in 1991, when California imposed the tax on the earnings of Chicago Bulls players who traveled to Los Angeles to play the Lakers in that year's NBA Finals.

Does Louisiana have PTET?

Please note that Louisiana is a state where you must makethe election on the timely filed tax return, and there is no indication in thelaw that the election can be made on an extended tax return. Only five states with a personal income tax on pass-through income have not adopted a PTET.

Does Louisiana have a composite tax return?

Form R-6922, Louisiana Composite Partnership Return is due on May 15 and is required to be electronically filed. Because the return is not permitted to be filed on paper, the Louisiana Department of Revenue doesn't release a paper version of Form R-6922.

What is nonresident composite tax?

Overview. A group nonresident tax return is a single tax return that is for a group of individuals, also known as a composite tax return, that meets the California individual income tax return filing requirement .

Is Louisiana accepting tax returns?

Louisiana Department of Revenue (LDR) will begin accepting 2024 state individual income tax returns on Wednesday, Jan. 29, 2025.

For pdfFiller’s FAQs

What is LOUISIANA NONRESIDENT PROFESSIONAL ATHLETE TEAM COMPOSITE INCOME TAX RETURN?

It is a tax return filed by professional athlete teams representing nonresident athletes in Louisiana, allowing the team to report and pay state income taxes on behalf of those athletes.

Who is required to file LOUISIANA NONRESIDENT PROFESSIONAL ATHLETE TEAM COMPOSITE INCOME TAX RETURN?

Professional sports teams that employ nonresident athletes who participate in games or events held in Louisiana are required to file this return on behalf of their players.

How to fill out LOUISIANA NONRESIDENT PROFESSIONAL ATHLETE TEAM COMPOSITE INCOME TAX RETURN?

The return must be completed by providing information about the team, the participating nonresident athletes, their income, and the corresponding tax calculations, following the specific forms and instructions provided by the Louisiana Department of Revenue.

What is the purpose of LOUISIANA NONRESIDENT PROFESSIONAL ATHLETE TEAM COMPOSITE INCOME TAX RETURN?

The purpose is to ensure that nonresident athletes pay their fair share of state taxes on income earned while participating in Louisiana, simplifying the tax compliance process for both athletes and teams.

What information must be reported on LOUISIANA NONRESIDENT PROFESSIONAL ATHLETE TEAM COMPOSITE INCOME TAX RETURN?

The return must report the total income earned by nonresident athletes from the team, details of the athletes, any deductions allowed, and the calculated tax owed to the state of Louisiana.