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Council Meeting Date: March 15, 2021Agenda Item: 9(c)CITY COUNCIL AGENDA ITEM CITY OF SHORELINE, WASHINGTON AGENDA TITLE:Discussion of Ordinance No. 926 Limited Tax General Obligation Bond 2021 Vehicle

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What is 926 - limited tax?

926 - limited tax is a tax form used by limited liability companies to report their business income and expenses.

Who is required to file 926 - limited tax?

Limited liability companies (LLCs) are required to file 926 - limited tax if they have business income or expenses.

How to fill out 926 - limited tax?

To fill out form 926 - limited tax, LLCs must provide information about their business income, expenses, and any deductions they are claiming.

What is the purpose of 926 - limited tax?

The purpose of form 926 - limited tax is to report the financial activity of a limited liability company and calculate taxes owed.

What information must be reported on 926 - limited tax?

LLCs must report their total business income, expenses, deductions, and any credits they are claiming on form 926 - limited tax.

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